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Freight Tech - FRGT STOCK NEWS

Welcome to our dedicated page for Freight Tech news (Ticker: FRGT), a resource for investors and traders seeking the latest updates and insights on Freight Tech stock.

Overview

Freight Technologies Inc (Nasdaq: FRGT) is a technology-centric company that leverages artificial intelligence, machine learning, and advanced analytics to optimize and automate the supply chain process. As an innovative digital freight marketplace, the company redefines logistics by providing comprehensive solutions that enhance transparency, efficiency, and connectivity between shippers and carriers across North America and beyond.

Innovative Platform Solutions

The Company offers a suite of proprietary platforms designed to address key challenges in the logistics ecosystem. With its flagship Fr8App platform, Freight Technologies facilitates seamless over-the-road (OTR) shipping, offering real-time tracking, live pricing, and a digital marketplace that simplifies cross-border logistics. Complementary services include Fr8Now for specialized less-than-truckload shipping, Fr8Fleet which provides dedicated capacity solutions for enterprise clients, and Waavely, a digital platform crafted for efficient ocean freight booking and container shipment management. Additionally, the company’s TMS offering integrates these services into a unified command center, enabling logistics teams to manage shipments, optimize routes, and streamline documentation.

Technology and Innovation

At the heart of Freight Technologies is a commitment to driving operational efficiency through advanced digital freight solutions. Using state-of-the-art AI-driven analytics and machine learning algorithms, the company’s platforms deliver actionable insights that improve match efficiency and reduce manual intervention. The integration of real-time tracking and live pricing mechanisms along with interconnected platforms underscores the company’s dedication to transforming shipping operations. These technologies not only enhance decision-making but also increase control and visibility in logistics management, ensuring that shippers and carriers can navigate complex supply chain challenges with confidence.

Market Position and Significance

Freight Technologies Inc plays a crucial role in today’s dynamic logistics market by offering a streamlined, tech-forward approach to freight and shipping management. The company’s comprehensive portfolio addresses diverse customer needs, ranging from international cross-border shipping to specialized domestic transport. Its strategic emphasis on automation and digital integration sets it apart in a competitive industry, offering a cohesive ecosystem that bridges the gap between traditional logistics processes and modern technological advancements.

Operational Excellence and Client Focus

The company is known for its commitment to operational efficiency, simplicity, and reliability. By equipping logistics teams with end-to-end tools such as real-time tracking systems and integrated transportation management solutions, Freight Technologies ensures that complex supply chain operations are managed with precision and care. Its secure, transparent, and efficient approach to freight management has gained the trust of leading brands in various industries, reaffirming its role as a critical facilitator in the global supply chain.

Key Differentiators

  • Unified Platform Ecosystem: An integrated suite of solutions that work in tandem, reducing fragmentation in freight operations.
  • Advanced Digital Capabilities: Deployment of AI and machine learning to drive actionable insights, streamline operations, and automate complex processes.
  • Real-Time Operational Transparency: Utilizing live pricing and real-time tracking to deliver increased operational efficiency and cost management.
  • Diverse Service Portfolio: Catering to a broad spectrum of logistics needs from cross-border OTR shipping to specialized ocean freight management.

Conclusion

Freight Technologies Inc is a transformative force in the logistics industry, bridging the gap between traditional freight methods and modern digital innovation. Its robust, technology-powered platforms serve as the backbone for more efficient, transparent, and effective supply chain management, making it a noteworthy entity for investors seeking a comprehensive view of the evolving digital freight marketplace.

Rhea-AI Summary

Freight Technologies (NASDAQ: FRGT) has entered into a Securities Purchase Agreement to acquire $5.2 million of FET Tokens from Fetch Compute, in exchange for 2,311,248 Series A4 preferred shares. The FET Tokens power Fetch.ai, a decentralized machine learning platform aligned with Fr8Tech's vision for AI solutions in the Over-the-Road carrier and logistics markets.

This strategic move follows the company's recent launch of their AI Tendering Bot, designed to automate load tendering for shippers and freight brokers. The acquisition aims to strengthen Fr8Tech's balance sheet while enabling participation in Fetch.ai's decentralized AI ecosystem. The company plans to leverage this technology to provide clients with enhanced supply chain transparency and capabilities within the decentralized economy.

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Freight Technologies (NASDAQ: FRGT) has launched an AI Tendering Bot to automate and streamline load tendering processes for shippers and freight brokers. This innovation marks the company's strategic shift towards a Software-as-a-Service (SaaS) model.

The AI bot can interpret emails, text messages, and Excel spreadsheets containing load information, automatically posting structured data into the Fr8app marketplace for carrier bidding. Successfully pilot-tested with several clients, the system is now fully integrated with Fleet Rocket, Fr8Tech's TMS solution.

Key benefits include:

  • Enhanced efficiency through automated data entry
  • Reduced operating costs by minimizing human intervention
  • Improved accuracy via AI algorithms
  • Real-time visibility in the Fr8app marketplace

The technology was developed in partnership with Trebu.ai, a Y Combinator-backed startup specializing in AI automation.

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Freight Technologies (FRGT) has announced changes to its Board of Directors effective February 14, 2025. The company appointed two new independent directors: Leilei Nie, a strategy and business project management professional with 17+ years in financial services and fintech, and Andres Gonzalez, current CEO of Futura Reserva with extensive experience in real estate development and investment management.

These appointments follow the resignations of Paul Freudenthaler and William Samuels, with Freudenthaler continuing to serve as Board secretary. The resignations were not due to any disputes with the company or Board. CEO Javier Selgas expressed confidence that the new directors will bring valuable expertise and perspectives to Fr8Tech's growth initiatives.

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Freight Technologies (NASDAQ: FRGT) has launched Fleet Rocket, a new Transportation Management System (TMS) designed for brokers, shippers, and logistics operators across the USMCA region. The platform focuses on cross-border logistics and nearshoring operations, offering tools for Mexico freight optimization, customs documentation, and shipment visibility.

Fleet Rocket features include domestic freight management, ocean freight capabilities, API-driven integrations with third-party platforms, and ERP compatibility. The system provides advanced reporting and analytics for data-driven decision making, with solutions scaled for both small businesses and enterprises. The platform promises minimal implementation time, being fully operational within days, and includes 24/7 support services.

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Freight Technologies (FRGT) announced strategic updates focusing on technological innovation and cost reduction. The company is set to launch its Transportation Management System (TMS) in February 2025, which will serve as a digital command center for logistics teams, enabling real-time shipment tracking, carrier selection, and route management.

As part of its transformation, FRGT has implemented a 20% workforce reduction to streamline operations and reduce costs. The company aims to achieve profitability on an adjusted EBITDA basis by the end of 2025. Recent developments include a $3 million private placement of convertible preferred stock and renewal of a multi-year logistics services agreement with Kimberly-Clark de México.

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Freight Technologies (FRGT) has announced a private placement offering of $3.0 million through the sale of 1,540,832 Series A4 preferred shares to accredited investors. The company secured net proceeds of approximately $2.9 million after deducting fees and expenses.

The preferred shares are immediately convertible to ordinary shares at the holder's option, with the conversion price being the greater of the lowest 7-day VWAP or the Series A4 Conversion Price Floor. The company must file a registration statement with the SEC by March 30, 2025 for the ordinary shares issuable upon conversion.

The funds will be used for working capital and corporate purposes, including strategic growth initiatives and balance sheet enhancement.

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Freight Technologies (FRGT) has renewed its logistics services contract with Kimberly-Clark de México for an additional two years. The agreement, which began in 2022, covers transportation of products throughout Mexico and has shown significant year-over-year growth in over-the-road (OTR) load capacity.

The company manages three key services for Kimberly-Clark: dedicated capacity under Fr8Fleet, OTR spot for domestic shipments in Mexico, and OTR spot for US-MX cross border shipments under Fr8App. The renewal demonstrates confidence in Fr8Tech's logistics solutions and their ability to make supply chains more efficient.

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Freight Technologies (FRGT) has announced its unaudited financial results for the six-month period ending June 30, 2024. The logistics management innovation company, which provides technology-driven solutions for supply chain ecosystem challenges, has made its earnings release available through a Form 8-K filing and on their investor relations website at fr8technologies.com/investors.

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Freight Technologies (NASDAQ: FRGT) has announced a change in its independent registered public accounting and auditing firm from Marcum LLP to TAAD LLP, effective January 6, 2025. The transition occurred following Marcum's resignation at the company's request on January 7, 2025. The change was recommended and approved by the Audit Committee of the board of directors.

The company reported no disagreements with Marcum on accounting principles, practices, financial statement disclosure, or auditing procedures during the fiscal year ended December 31, 2024, and through January 7, 2025. Additionally, there were no reportable events during this period.

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Freight Technologies (FRGT) has secured a new logistics services contract with a major global toy industry brand. The company's Fr8App platform has been providing over-the-road (OTR) logistics services across key shipment lanes in Mexico, particularly during peak seasonal periods.

The new contract ensures continued secure and timely transport of the client's products throughout the Mexican market, building on Fr8App's track record of reliable, cost-effective, and high-quality service. CEO Javier Selgas highlighted this partnership as a validation of Fr8App's platform innovation and logistics support capabilities in the global marketplace.

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FAQ

What is the current stock price of Freight Tech (FRGT)?

The current stock price of Freight Tech (FRGT) is $1.06 as of April 2, 2025.

What is the market cap of Freight Tech (FRGT)?

The market cap of Freight Tech (FRGT) is approximately 2.1M.

What is the core business of Freight Technologies Inc?

Freight Technologies Inc is a technology company that develops proprietary digital platforms to automate and optimize the supply chain process, connecting shippers and carriers efficiently.

What solutions does Freight Technologies offer?

The company offers an integrated portfolio including the Fr8App platform for cross-border OTR shipping, Fr8Now for LTL shipping, Fr8Fleet for dedicated capacity services, Waavely for ocean freight management, and a sophisticated TMS system.

How does Freight Technologies improve supply chain operations?

By leveraging advanced AI and machine learning, Freight Technologies delivers real-time tracking, live pricing, and automated freight matching, which together enhance transparency and operational efficiency.

In which markets does Freight Technologies primarily operate?

Freight Technologies primarily serves the North American region, with a strong focus on cross-border logistics within the USMCA area, as well as specialized services in domestic shipping and ocean freight management.

What differentiates Freight Technologies from its competitors?

The company stands out through its unified platform ecosystem, integration of cutting-edge digital solutions, and its ability to offer a comprehensive suite that manages multiple facets of the supply chain under one roof.

Where is Freight Technologies headquartered?

Freight Technologies Inc is headquartered in Houston, Texas, positioning it at a strategic nexus for North American logistics and supply chain management.
Freight Tech

Nasdaq:FRGT

FRGT Rankings

FRGT Stock Data

2.10M
2.18M
0.05%
3.2%
1.84%
Software - Application
Technology
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United States
The Woodlands