Freightera Defies Freight Downturn with Profit Surge and Emissions Cuts

While much of the logistics sector faces a third year of downturn, Vancouver-based Freightera is marking its 11th anniversary with strong growth, record profitability, and a growing reputation as North America’s leading low-emission online freight marketplace.

In 2024, Freightera grew revenue by 31.4%, expanded its automated freight division by 35.8%, and boosted EBITDA by a staggering 270%—a performance that contrasts sharply with what industry watchers have called the “Great Freight Recession.”

The company’s platform now serves more than 25,000 manufacturers, distributors, wholesalers, and retailers, allowing businesses to quote, compare, and book LTL and truckload freight online with fixed pricing, emissions data, and no hidden fees or haggling.

Freightera’s model prioritizes transparency and environmental accountability, showing every customer the carbon impact of their shipping choices using verified fleet data from the U.S. EPA and Natural Resources Canada’s SmartWay™ program.

“Freightera is not just automating freight—it’s reimagining how businesses ship,” said CEO and co-founder Eric Beckwitt. “We’ve proven that 24/7 automation, fixed-cost pricing, and choice-based emissions reduction work—and we’re just getting started.”

Among its environmental highlights, Freightera reported that over half of its customers reduced their net freight emissions by more than 20% in the most recent year with available SmartWay™ data. Nearly 700 companies achieved reductions of over 40%, while 136 firms cut emissions by more than 70%—often while saving money.

With net revenue retention of 109.8%, minimal outside investment (under $8 million to date), and a recession-resistant business model, Freightera is drawing increasing interest from investors looking for scalable, climate-aligned growth.

Looking ahead, the company plans to expand beyond North America to meet rising global demand for automated, low-emission freight.

“Freightera has built a rare thing in climate tech—a profitable, capital-efficient company delivering real-world impact,” said Beckwitt. “Our mission is to make shipping better for businesses and the planet.”