A record 211 thousand transactions were booked on the platform in Q4 2022, up from 97 thousand in Q4 2021 and 22 thousand in Q4 2020. This brought the total freight transactions booked across the platform in 2022 to 668 thousand, exceeding internal targets for both quarterly and annual targets and representing a 154% growth compared to 2021.
This growth was supported by an increase in both demand - users booking across the platform - and supply - carriers offering their services on the platform. The number of unique buyer users digitally booking freight services across the Freightos platform grew 37% compared to Q4 2021, reaching 15.6 thousand. Carriers selling on the platform, primarily on WebCargo, grew to 35 in Q4 2022, a 25% growth from the same quarter in the prior year. Freightos has experienced record platform transactions for every one of the previous 12 quarters, continuing growth in the fourth quarter of 2022 despite the global freight market contracting.
Gross Booking Value (GBV) of platform transactions reached $611 million dollars in 2022, up approximately 100% from 2021. The rapid growth in transactions allowed record GBV on Freightos' platform despite dropping market freight prices. For example, the cost of shipping a 40' container from China to the United States' West Coast dropped over 90% between December 2021 and December 2022[1].
Freightos plans to issue a financial performance press release with full year 2022 and Q4 financial performance before the end of April 2023. Freightos' registration statement on Form F-4 (the "Registration Statement") was declared effective in connection with the anticipated business combination with Gesher I Acquisition Corp. (NASDAQ:GIAC). The company believes it is on track to be trading as NASDAQ: CRGO around the end of January 2023.