If you’ve searched for “Freightos” recently, you may have come across GrowCRGO.com — a website launched by Freightos’s own founder, publicly criticizing the company’s board of directors. Here’s what it is, who’s behind it, and what it claims.
What is GrowCRGO.com?
GrowCRGO.com is an independent shareholder advocacy campaign aimed at Freightos Limited (Nasdaq: CRGO), the digital freight booking platform often described as “the Booking.com of freight.” The site is not affiliated with or endorsed by Freightos — it’s run personally by Zvi Schreiber, the company’s founder, in his capacity as a shareholder.
The campaign’s stated goal is to convince fellow shareholders to support a board shake-up ahead of Freightos’s upcoming annual general meeting, arguing that the current board has damaged both the company’s growth trajectory and its stock price.
Who is Zvi Schreiber?
Schreiber founded Freightos in 2012 and led it for fourteen years, including through its 2023 Nasdaq listing. He holds a computer science PhD and previously founded technology companies acquired by IBM and GE. He resigned from Freightos’s board on February 23, 2026, the same day the board announced its 2026 strategy, and says he stayed publicly silent for over six months before launching the GrowCRGO campaign in September 2026.
The Core Complaint: A “Transition Year” That Stalled Growth
According to the site, Freightos’s board declared 2026 a “transition year” on February 23, 2026, describing a strategy of deliberately slowing growth to reach EBITDA breakeven by year-end, alongside a pivot toward the Solutions (SaaS) side of the business over the Platform/marketplace side. Schreiber argues this was the wrong call for three reasons: it leaves no clear path from breakeven to real profitability with a depleted executive team; markets reward growth-driven results with substantially higher valuation multiples than cost-cutting-driven ones; and standing still for a year in a “winner-take-all” marketplace business hands an opening to competitors.
He also argues the timing was strategically poor, since the shift toward SaaS-style Solutions revenue coincided with growing industry-wide concern about AI commoditizing that kind of product.
The Numbers Behind the Campaign
GrowCRGO backs its argument with figures sourced from Freightos’s own earnings releases, calls, and SEC filings.
Revenue growth stalled
Q2 2026 revenue grew about 3% year-on-year — roughly flat once inflation is factored in — against the company’s long-stated model of 25–30% annual growth.
The Solutions segment shrank
The segment the 2026 pivot was built around declined approximately 4% year-on-year (around 7% in real terms), even as Platform/marketplace revenue grew.
Stock price decline
The site reports CRGO shares down roughly 62% from their price on July 28, 2025, the day the current board chairman was appointed, while the Nasdaq Composite rose about 25% over the same period.
Executive departures
The campaign points to the exit of several senior leaders in 2026, including the CMO, CRO, and SVP of R&D, with those roles reportedly unfilled for months.
Margins below their 2025 peak
Gross margins, both IFRS and non-IFRS, are reported as not having returned to their Q3 2025 highs.
The Three Changes the Campaign Is Asking For
GrowCRGO lays out a specific plan it wants shareholders to back at the AGM.
A new board chairman
Someone with a track record building technology growth companies, plus a move to standard one-year director terms.
A recommitment to platform-first growth
Specifically relaunching the Freightos Marketplace with renewed investment, positioned around AI rather than away from it.
Rebuilding the executive team
To stem departures and restore momentum.
The AGM Dispute
Schreiber says he formally submitted three shareholder resolutions on July 8, 2026, using a right granted under the company’s articles of association. He describes a slow and contested response from the board: an initial reply raising questions about his eligibility to submit resolutions, followed by further correspondence, with the board ultimately committing to review the resolutions only close to the 120-day deadline required by the articles. The campaign frames this delay as the board avoiding a vote it might lose; Freightos has not, as far as this summary can confirm independently, issued its own public response to that characterization.
What This Means If You’re Evaluating Freightos as a Platform
It’s worth being clear about what GrowCRGO actually is and isn’t. It’s a governance and stock-performance dispute between a company’s founder and its board, not a review of the Freightos Marketplace product, its pricing, its carrier network, or its usability. None of the claims above relate to customer experience on the platform.
That said, for businesses evaluating freight platforms as long-term partners, public signals like leadership turnover, an unresolved board dispute, and a public campaign from the company’s own founder are reasonable factors to weigh as part of vendor due diligence, alongside actually testing the product itself.
FAQ
Is Freightos in financial trouble?
Based on the figures cited in the campaign, Freightos is not reporting losses at a crisis level, but its revenue growth has slowed sharply from its historical 25–30% target to roughly flat in real terms, and the company is still guiding toward EBITDA breakeven rather than profitability in 2026.
What is CRGO stock?
CRGO is the Nasdaq ticker for Freightos Limited, the digital freight booking and payment platform.
Who is Zvi Schreiber?
Zvi Schreiber is the founder of Freightos, who led the company for fourteen years before resigning from its board in February 2026 and later launching the GrowCRGO shareholder campaign.
Is GrowCRGO.com affiliated with Freightos?
No. The site explicitly states it is an independent initiative published by Schreiber in his personal capacity as a shareholder, not by or on behalf of Freightos.
What is GrowCRGO asking shareholders to do?
To register their email so they can be informed ahead of a shareholder vote on board changes; the site states that registering commits visitors to nothing.
This article summarizes publicly available claims made on GrowCRGO.com, a shareholder campaign site. It reflects Zvi Schreiber’s stated positions and sourced figures, not independent verification, and is not investment advice. Read the original source at growcrgo.com.
