Freight Technologies Launches AI Tendering Bot to Revolutionize and Streamline Load Tendering Process
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.
Freight Technologies (NASDAQ: FRGT) ha lanciato un AI Tendering Bot per automatizzare e semplificare i processi di offerta di carico per spedizionieri e broker di trasporti. Questa innovazione segna il cambiamento strategico dell'azienda verso un modello di Software-as-a-Service (SaaS).
Il bot AI è in grado di interpretare email, messaggi di testo e fogli di calcolo Excel contenenti informazioni sui carichi, pubblicando automaticamente dati strutturati nel marketplace di Fr8app per le offerte dei vettori. Dopo essere stato testato con successo con diversi clienti, il sistema è ora completamente integrato con Fleet Rocket, la soluzione TMS di Fr8Tech.
I principali vantaggi includono:
- Maggiore efficienza attraverso l'inserimento automatico dei dati
- Riduzione dei costi operativi minimizzando l'intervento umano
- Migliore accuratezza grazie agli algoritmi AI
- Visibilità in tempo reale nel marketplace di Fr8app
La tecnologia è stata sviluppata in collaborazione con Trebu.ai, una startup supportata da Y Combinator specializzata nell'automazione AI.
Freight Technologies (NASDAQ: FRGT) ha lanzado un AI Tendering Bot para automatizar y agilizar los procesos de licitación de carga para transportistas y corredores de carga. Esta innovación marca el cambio estratégico de la empresa hacia un modelo de Software-as-a-Service (SaaS).
El bot de IA puede interpretar correos electrónicos, mensajes de texto y hojas de cálculo de Excel que contienen información de carga, publicando automáticamente datos estructurados en el mercado de Fr8app para la licitación de transportistas. Después de ser probado con éxito con varios clientes, el sistema ahora está completamente integrado con Fleet Rocket, la solución TMS de Fr8Tech.
Los beneficios clave incluyen:
- Eficiencia mejorada a través de la entrada de datos automatizada
- Reducción de costos operativos al minimizar la intervención humana
- Mejora de la precisión mediante algoritmos de IA
- Visibilidad en tiempo real en el mercado de Fr8app
La tecnología fue desarrollada en asociación con Trebu.ai, una startup respaldada por Y Combinator especializada en automatización de IA.
Freight Technologies (NASDAQ: FRGT)는 화물 운송업체와 중개인을 위해 화물 입찰 프로세스를 자동화하고 간소화하는 AI 입찰 봇을 출시했습니다. 이 혁신은 회사가 서비스형 소프트웨어(SaaS) 모델로 전략적으로 전환하고 있음을 나타냅니다.
AI 봇은 화물 정보가 포함된 이메일, 문자 메시지 및 Excel 스프레드시트를 해석할 수 있으며, 운송업체 입찰을 위해 Fr8app 마켓플레이스에 구조화된 데이터를 자동으로 게시합니다. 여러 고객과 성공적으로 파일럿 테스트를 거친 이 시스템은 이제 Fr8Tech의 TMS 솔루션인 Fleet Rocket과 완전히 통합되었습니다.
주요 이점은 다음과 같습니다:
- 자동 데이터 입력을 통한 효율성 향상
- 인간 개입 최소화를 통한 운영 비용 절감
- AI 알고리즘을 통한 정확성 향상
- Fr8app 마켓플레이스에서의 실시간 가시성
이 기술은 AI 자동화 전문 스타트업인 Trebu.ai와 협력하여 개발되었습니다.
Freight Technologies (NASDAQ: FRGT) a lancé un AI Tendering Bot pour automatiser et rationaliser les processus d'appel d'offres pour les expéditeurs et les courtiers en fret. Cette innovation marque le changement stratégique de l'entreprise vers un modèle Software-as-a-Service (SaaS).
Le bot AI peut interpréter des e-mails, des messages texte et des feuilles de calcul Excel contenant des informations sur les chargements, en publiant automatiquement des données structurées sur le marché de Fr8app pour les offres des transporteurs. Après avoir été testé avec succès auprès de plusieurs clients, le système est désormais entièrement intégré à Fleet Rocket, la solution TMS de Fr8Tech.
Les principaux avantages incluent :
- Efficacité accrue grâce à la saisie automatisée des données
- Réduction des coûts d'exploitation en minimisant l'intervention humaine
- Amélioration de la précision grâce aux algorithmes d'IA
- Visibilité en temps réel sur le marché de Fr8app
La technologie a été développée en partenariat avec Trebu.ai, une startup soutenue par Y Combinator spécialisée dans l'automatisation de l'IA.
Freight Technologies (NASDAQ: FRGT) hat einen AI Tendering Bot eingeführt, um die Ausschreibungsprozesse für Frachten zu automatisieren und zu optimieren. Diese Innovation markiert den strategischen Wandel des Unternehmens hin zu einem Software-as-a-Service (SaaS) Modell.
Der AI-Bot kann E-Mails, Textnachrichten und Excel-Tabellen mit Frachtinformationen interpretieren und strukturiert Daten automatisch im Fr8app-Marktplatz für die Gebote von Frachtführern veröffentlichen. Nach erfolgreicher Pilotierung mit mehreren Kunden ist das System jetzt vollständig in Fleet Rocket, die TMS-Lösung von Fr8Tech, integriert.
Wesentliche Vorteile sind:
- Erhöhte Effizienz durch automatisierte Dateneingabe
- Reduzierte Betriebskosten durch Minimierung menschlicher Eingriffe
- Verbesserte Genauigkeit durch AI-Algorithmen
- Echtzeit-Transparenz im Fr8app-Marktplatz
Die Technologie wurde in Zusammenarbeit mit Trebu.ai, einem von Y Combinator unterstützten Startup, das sich auf AI-Automatisierung spezialisiert hat, entwickelt.
- Launch of new AI-powered automation system reducing operational costs
- Successful pilot testing completed with multiple clients
- Integration with existing Fleet Rocket TMS platform
- Strategic transition to SaaS business model
- None.
Insights
Freight Technologies' new AI Tendering Bot represents a significant technological advancement in their product portfolio that addresses a critical pain point in logistics operations. By automating the previously manual process of load tendering, FRGT is tackling inefficiencies that plague the industry while advancing their strategic shift to a Software-as-a-Service (SaaS) model.
The solution offers immediate operational benefits by automating data extraction from various formats and integrating directly with their marketplace. This automation serves dual purposes: reducing internal operational costs for FRGT while simultaneously improving service quality for enterprise clients. The successful pilot testing indicates this isn't merely conceptual, but a market-ready solution with validated performance.
The partnership with Y Combinator-backed Trebu.ai adds credibility to FRGT's technological capabilities, suggesting the company is leveraging established AI expertise rather than developing everything in-house. This collaboration model could accelerate their technology roadmap while controlling development costs.
For FRGT, trading at just $1.03 with a market cap around $2.45 million, this product launch aligns with their stated 2025 targets of operational automation and enhanced service levels. The integration with their Fleet Rocket TMS platform creates a more comprehensive offering that could strengthen client retention and potentially expand their addressable market within the logistics space.
AI-Driven Innovation to Automate, Optimize, and Accelerate Load Tendering for Shippers and Brokers
HOUSTON, March 04, 2025 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (Nasdaq: FRGT)(“Fr8Tech” or the “Company”), a logistics management innovation company, offering a diverse portfolio of technology-driven solutions, today announced the launch of its advanced AI Tendering Bot, an innovative solution designed to automate and streamline the load tendering process for shippers and freight brokers. This upgrade underscores Fr8Tech's strategic pivot to a Software-as-a-Service (SaaS) model, immediately enhancing service levels and automation for its enterprise clients. The launch also reinforces the Company's commitment to operational improvements and efficiencies through new technology to reduce operating costs for both Fr8Tech and its enterprise clients.
Transforming Load Tendering with Artificial Intelligence
Traditionally, load tendering has relied on integrated Transport Management Systems (TMS) solutions or outdated manual processes, such as assigning loads via text messages or emails. The AI Tendering Bot changes that by leveraging advanced artificial intelligence:
- Identify Key Information: Seamlessly read and interpret emails, text messages, screenshots of Excel spreadsheets, and other documents containing load information
- Real-Time Integration: Immediately post structured load data into the Fr8app marketplace, where carriers can instantly view and bid on available loads
- Reduce Manual Intervention: Automate the transcription and organization of load requests, significantly reducing the time and labor required by employees
Proven Results and Seamless Integration
After successfully pilot testing with several clients, the AI Tendering Bot has proven its accuracy and reliability. It is now fully integrated also with Fleet Rocket, Fr8Tech’s cutting-edge Transport Management Systems (TMS) solution for brokers, further enhancing the platform’s value proposition. This solution not only accelerates the tendering process but also delivers substantial cost savings and operational efficiencies through:
- Enhanced Efficiency: Accelerates response times by eliminating delays associated with manual data entry
- Cost Reduction: Minimizes human intervention, resulting in lower operating costs
- Improved Accuracy: Utilizes AI algorithms to accurately capture and structure vital load information
- Real-Time Visibility: Ensures load tenders are available instantly on the Fr8app marketplace, empowering carriers to bid promptly
"Our new AI Tendering Bot represents a significant milestone in Fr8Tech's digital transformation journey,” said Javier Selgas, CEO of Fr8Tech. “By automating the load tendering process, we are not only driving down operational costs but also delivering faster, more reliable service to our customers. This innovation aligns perfectly with our 2025 targets: to automate our operations, enhance service levels for key enterprise clients, and expand the innovative capabilities of our SaaS TMS solution, Fleet Rocket. Developed in collaboration with Trebu.ai, a Y Combinator-backed startup specializing in AI automation, this bot leverages cutting-edge technology to streamline freight management like never before.”
About Freight Technologies Inc.
Freight Technologies (Nasdaq: FRGT) (“Fr8Tech") is a technology company offering a diverse portfolio of proprietary platform solutions powered by AI and machine learning to optimize and automate the supply chain process. Focused on addressing the distinct challenges within the supply chain ecosystem, the Company’s portfolio of solutions includes the Fr8App platform for seamless OTR B2B cross-border shipping across the USMCA region; Fr8Now, a specialized service for less-than-truckload (LTL) shipping; Fr8Fleet, a dedicated capacity service for enterprise clients in Mexico; Waavely, a digital platform for efficient ocean freight booking and management of container shipments between North America and ports worldwide and Fleet Rocket a nimble, scalable and cost-effective Transportation Management System (TMS) for brokers, shippers, and other logistics operator Together, each product is interconnected within a unified 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 support, transportation management, fleet management, and committed capacity solutions. The company is headquartered in Houston, Texas. For more information, please visit fr8technologies.com.
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. Fr8Tech’s and Fr8App Inc.’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 Fr8Tech’s and Fr8App Inc.’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the inability to obtain or maintain the listing of Fr8Tech’s ordinary shares on Nasdaq; (2) changes in applicable laws or regulations; (3) the possibility that Fr8Tech or Fr8App Inc. may be adversely affected by other economic, business and/or competitive factors; (4) risks relating to the uncertainty of the projected financial information with respect to Fr8App Inc.; (5) risks related to the organic and inorganic growth of Fr8App Inc.’s business and the timing of expected business milestones; and (6) other risks and uncertainties identified, including those under “Risk Factors,” to be filed in Fr8Tech other filings with the Securities Exchange Commission.
Fr8Tech 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. Fr8Tech and Fr8App Inc. caution readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Fr8Tech and Fr8App Inc. 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.
FAQ
What is the new AI Tendering Bot launched by Freight Technologies (FRGT)?
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How does FRGT's new AI bot handle different types of load information?
