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.
Freight Technologies, Inc. provides AI-enabled logistics technology for shippers, carriers, freight agencies, brokers, and cross-border trade operators. Company news centers on its software portfolio, including Fr8App, Fleet Rocket, Zayren and Zayren Pro, Fr8Radar, and DODA Smart, with recurring updates on transportation management, carrier matching, predictive freight pricing, real-time geolocation, and customs document compliance across the U.S.–Mexico freight corridor.
Additional developments cover the company's agentic AI framework, product licensing agreements, SaaS commercialization, and corporate actions. News also includes completed acquisition-related financial information for JAK Solar and updates on capital structure and strategic priorities as Freight Technologies emphasizes software-driven logistics operations.
Freight Technologies, Inc. (Nasdaq: FRGT) has been awarded the Samsung Mexico SDS business to enhance cross-border shipping from Mexico to the U.S. using its Fr8App platform. Samsung's representative highlighted the app's reliability and paper-free tracking capabilities, which align with their sustainability goals. CEO Javier Selgas stated this partnership validates the Fr8App platform, indicating potential growth opportunities. This collaboration comes amidst a challenging logistics market, as Fr8App facilitates over 100 trucks per week for Samsung's shipments.
Freight Technologies, Inc. (Nasdaq: FRGT) has upgraded its electronic data interchange (EDI) system to enhance location sharing and shipment status updates, aimed at improving efficiency for large shippers. This enhancement allows real-time tracking and faster notifications, reducing operational costs. CEO Javier Selgas highlighted that these features were positively received by key clients. The company continues to focus on technology innovation within the supply chain and cross-border shipping sectors.
Freight Technologies, Inc. (FRGT) is advancing its operational capabilities through the automation of CFDI 4.0 compliance, a critical regulatory requirement in Mexico. By July 2022, Fr8App, its subsidiary, aims to support clients in adhering to this tax obligation, which simplifies electronic invoicing. The authorities extended the compliance deadline to January 2023. This initiative not only helps clients but also strengthens Fr8Tech's market position by providing essential tools that smaller carriers cannot develop independently.
Freight Technologies (NASDAQ: FRGT) has completed its integration with newtrul, enhancing access to over 100,000 carriers in the United States. This partnership aims to optimize logistics through a real-time, cloud-based broker portal that combines various shipping processes, improving efficiency and reducing costs for customers. The collaboration is expected to drive growth for Fr8Tech in 2022 and beyond, leveraging newtrul's extensive carrier network to facilitate load booking and streamline operations.