Freight Technologies Integrates Fr8App with Tecnomotum’s Platform to Enhance Fleet Connectivity and Efficiency
Freight Technologies (Nasdaq: FRGT) has announced the integration of its Fr8App platform with Tecnomotum, a leading data transmission company for haulage in Mexico. This integration aims to enhance fleet connectivity and efficiency for cross-border shipping within the USMCA region. The collaboration will provide Fr8App users with access to real-time data, including current position, position history, messages, and operational status.
This integration builds upon Fr8App's earlier expansion of Fr8Radar, which unifies various GPS providers into a single control center. By partnering with industry leaders like Tecnomotum, Fr8App continues to streamline logistics operations and solidify its position as a highly connected and integrable platform for cross-border shipping in the USMCA region.
Freight Technologies (Nasdaq: FRGT) ha annunciato l'integrazione della sua piattaforma Fr8App con Tecnomotum, una delle principali aziende di trasmissione dati per il trasporto in Messico. Questa integrazione mira a migliorare la connettività e l'efficienza della flotta per le spedizioni transfrontaliere all'interno della regione USMCA. La collaborazione fornirà agli utenti di Fr8App l'accesso a dati in tempo reale, inclusa la posizione attuale, la cronologia delle posizioni, i messaggi e lo stato operativo.
Questa integrazione si basa sull'espansione precedente di Fr8App con Fr8Radar, che unifica diversi fornitori di GPS in un unico centro di controllo. Collaborando con leader del settore come Tecnomotum, Fr8App continua a semplificare le operazioni logistiche e a consolidare la sua posizione come piattaforma altamente connessa e integrabile per le spedizioni transfrontaliere nella regione USMCA.
Freight Technologies (Nasdaq: FRGT) ha anunciado la integración de su plataforma Fr8App con Tecnomotum, una empresa líder en transmisión de datos para el transporte en México. Esta integración tiene como objetivo mejorar la conectividad y eficiencia de la flota para el envío transfronterizo dentro de la región USMCA. La colaboración proporcionará a los usuarios de Fr8App acceso a datos en tiempo real, incluida la posición actual, el historial de posiciones, mensajes y estado operativo.
Esta integración se basa en la expansión anterior de Fr8App con Fr8Radar, que unifica varios proveedores de GPS en un solo centro de control. Al asociarse con líderes de la industria como Tecnomotum, Fr8App continúa optimizando las operaciones logísticas y consolidando su posición como una plataforma altamente conectada e integrable para el envío transfronterizo en la región USMCA.
Freight Technologies (Nasdaq: FRGT)는 멕시코의 주요 자료 전송 회사인 Tecnomotum과의 Fr8App 플랫폼 통합을 발표했습니다. 이 통합은 USMCA 지역 내에서의 국경 간 배송을 위해 플릿 연결성과 효율성을 향상하는 것을 목표로 하고 있습니다. 이 협력은 Fr8App 사용자에게 현재 위치, 위치 이력, 메시지 및 운영 상태를 포함한 실시간 데이터에 대한 접근을 제공합니다.
이 통합은 여러 GPS 제공업체를 단일 관제 센터로 통합한 Fr8Radar의 Fr8App 이전 확장에 기반합니다. Tecnomotum과 같은 업계 선두주자와 협력함으로써 Fr8App는 물류 운영을 간소화하고 USMCA 지역 내 국경 간 배송을 위한 고도로 연결되고 통합 가능한 플랫폼으로서의 입지를 강화하고 있습니다.
Freight Technologies (Nasdaq: FRGT) a annoncé l'intégration de sa plateforme Fr8App avec Tecnomotum, une entreprise de transmission de données de premier plan pour le transport au Mexique. Cette intégration vise à améliorer la connectivité et l'efficacité de la flotte pour les expéditions transfrontalières dans la région USMCA. La collaboration permettra aux utilisateurs de Fr8App d'accéder à des données en temps réel, y compris la position actuelle, l'historique des positions, les messages et l'état opérationnel.
Cette intégration s'appuie sur l'expansion antérieure de Fr8App avec Fr8Radar, qui unifie divers fournisseurs de GPS en un seul centre de contrôle. En s'associant à des leaders du secteur comme Tecnomotum, Fr8App continue de rationaliser les opérations logistiques et de solidifier sa position en tant que plateforme hautement connectée et intégrable pour les expéditions transfrontalières dans la région USMCA.
Freight Technologies (Nasdaq: FRGT) hat die Integration seiner Fr8App-Plattform mit Tecnomotum, einem führenden Datenübertragungsunternehmen für den Transport in Mexiko, angekündigt. Diese Integration zielt darauf ab, die Fahrzeugvernetzung und Effizienz für grenzüberschreitende Sendungen in der USMCA-Region zu verbessern. Durch die Zusammenarbeit erhalten die Fr8App-Nutzer Zugang zu Echtzeitdaten, einschließlich aktueller Position, Positionshistorie, Nachrichten und Betriebsstatus.
Diese Integration ist eine Fortsetzung der früheren Expansion von Fr8App mit Fr8Radar, das verschiedene GPS-Anbieter in ein einziges Kontrollzentrum vereinigt. Durch Partnerschaften mit Branchenführern wie Tecnomotum stärkt Fr8App die Optimierung von Logistikbetrieben und festigt seine Position als hochgradig vernetzte und integrierbare Plattform für grenzüberschreitende Lieferungen in der USMCA-Region.
- Integration with Tecnomotum enhances Fr8App's fleet connectivity and efficiency
- Expansion of Fr8Radar module unifies multiple GPS providers into a single control center
- Improved user experience with access to real-time data and additional functionalities
- Strengthened position as a leading integrable platform for cross-border shipping in the USMCA region
- None.
Insights
Freight Technologies' integration of Fr8App with Tecnomotum's platform marks a significant advancement in fleet connectivity and logistics efficiency. This collaboration addresses a important pain point in the industry: the fragmentation of GPS systems. By unifying these disparate systems into Fr8Radar, Fr8Tech is streamlining operations and enhancing visibility for cross-border shipping in the USMCA region.
The integration provides users with real-time data on vehicle positions, operational status and messaging, which are critical for optimizing fleet management. This move could potentially reduce operational costs and improve decision-making for logistics companies. However, the true test will be in the seamless implementation and adoption by users, as well as the tangible benefits it brings to their bottom line.
This integration positions Fr8Tech strategically in the competitive logistics technology market. By partnering with Tecnomotum, a major player in Mexico's haulage data transmission, Fr8Tech is expanding its market reach and enhancing its value proposition. The move aligns with the industry trend towards comprehensive, integrated logistics solutions.
While the news is positive, investors should consider that the impact on revenue and profitability may not be immediate. The success of this integration will depend on factors such as user adoption rates, the competitive landscape and Fr8Tech's ability to monetize these enhanced features. It's also worth noting that while this strengthens Fr8Tech's position in the USMCA region, global expansion plans, if any, remain unclear.
HOUSTON, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (Nasdaq: FRGT) (“Fr8Tech''), a technology company whose custom-developed Fr8App, an industry-leading freight-matching platform powered by AI and machine-learning that provides a real-time portal for B2B cross-border shipping and domestic shipping within the USMCA region, announces its integration with Tecnomotum, one of the largest data transmission companies for haulage in Mexico. Tecnomotum provides customers with technology and information to increase security, reduce accident risks and optimize its comprehensive ecosystem for fleet connectivity and logistics transactions. This integration aims to maximize savings, enhance user experience, provide real-time data and streamline logistics operations.
Fr8App continues to be at the forefront of leveraging technology to simplify logistics and supply chain management. By focusing on user experience and real-time data, Fr8App has eliminated pain points for businesses as they manage their logistics operations and optimize their supply chains.
Understanding the necessity for comprehensive and reliable fleet connectivity, Fr8App integrated with Tecnomotum to provide additional value and enhanced capabilities to its users. Through this integration, users will have access to several functionalities, including current position, position history, messages, operational status and more.
This integration builds on the expansion earlier this year of Fr8Radar, an essential module that integrates the Fr8App platform with GPS providers across Mexico and the United States. In general, the logistics ecosystem remains largely fragmented with each GPS provider offering its own interface. Fr8Radar unifies these disparate systems into a single, streamlined control center, providing users with a comprehensive and centralized view of their fleet operations.
Javier Selgas, CEO of Fr8Tech, said: "We are proud to offer our customers an even better and more seamless experience. Fr8App's commitment to collaborating with key players in the logistics industry is unparalleled. With each new integration, Fr8App solidifies its position as the most connected and integrable platform for cross-border shipping in the USMCA region. By continuing to partner with industry leaders, Fr8App is leading the way in simplifying logistics processes and enhancing visibility for customers. Our dedication to integration underscores our commitment to delivering the best possible service to customers and is a testament to our continued success in the logistics industry.”
About Fr8App
Fr8App is a freight forwarding matching platform that uses innovative technology to connect shippers and carriers with available loads and trucks. With a focus on user experience and real-time data, Fr8App is making it easier than ever for businesses to manage their logistics operations and streamline their supply chain. For more information, please visit Fr8App
About Freight Technologies Inc.
Freight Technologies is a technology company developing solutions to optimize and automate the supply chain process. Its wholly owned subsidiary, Freight App, Inc. (Fr8App), is a B2B cross-border shipping marketplace in the USMCA region powered by AI and machine learning. Focused on making shipping transparent and efficient, Fr8App provides carriers with increased growth opportunities and shippers with flexibility, visibility and simplicity for the once-complex process of international OTR shipping. Fr8App uses its proprietary technology platform to connect carriers and shippers and significantly improve matching and operation efficiency via innovative technologies such as live pricing and real-time tracking, digital freight marketplace, brokerage, transportation management, fleet management, and committed capacity solutions. The company is headquartered in Houston, Texas. For more information, please visit fr8technologies.com or connect with the company on LinkedIn or X (Twitter).
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Freight Technologies' and Fr8App’s actual results may differ from their expectations, estimates and projections and, consequently, readers should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue” and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements.
These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from those discussed in the forward-looking statements. Most of these factors are outside Freight Technologies’ and Fr8App’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the impact of the COVID-19 pandemic on Fr8App’s business, if it should recur; (2) the inability to obtain or maintain the listing of Freight Technologies’ ordinary shares on Nasdaq; (3) changes in applicable laws or regulations; (4) the possibility that Freight Technologies or Fr8App may be adversely affected by other economic, business and/or competitive factors; (5) risks relating to the uncertainty of the projected financial information with respect to Fr8App; (6) risks related to the organic and inorganic growth of Fr8App’s business and the timing of expected business milestones; and (7) other risks and uncertainties identified, including those under “Risk Factors,” to be filed in Freight Technologies' other filings with the SEC. Freight Technologies cautions that the foregoing list of factors is not exclusive. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Freight Technologies and Fr8App caution readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Freight Technologies and Fr8App do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in their expectations or any change in events, conditions or circumstances on which any such statement is based.
Fr8Tech Contact:
Jason Finkelstein
Ignition Investor Relations
investors@fr8technologies.com
FAQ
What is the purpose of Freight Technologies' integration with Tecnomotum?
How does the Fr8Radar module benefit Freight Technologies (FRGT) customers?
What functionalities will Fr8App users gain through the Tecnomotum integration?
How does the Tecnomotum integration impact Freight Technologies' (FRGT) market position?
