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 (Nasdaq: FRGT) has announced a significant client acquisition as Reckitt Benckiser de México, a global leader in health, hygiene, and nutrition, joins its client portfolio. The partnership validates Fr8Tech's logistics management platform and its growing presence in the North American market.
Fr8Tech continues to enhance its technology and expand its network to serve cross-border and domestic shipping needs within the USMCA region, offering real-time data tools, integrated communication features, and scalable infrastructure designed to improve logistics operations.
Freight Technologies (Nasdaq: FRGT) has secured a two-year contract with Accel Logistica for its Fleet Rocket Transportation Management System (TMS) software platform. Accel Logistica, a comprehensive logistics provider with facilities across Mexico, will implement Fleet Rocket's suite of modules to enhance its operations.
The Fleet Rocket platform offers multiple capabilities including dedicated fleet management, GPS monitoring, AI-powered tendering, ocean freight booking, mobile access, messaging integration, automated alerts, analytics, ETA calculations, and ERP integration. Accel Logistica serves multinational corporations, retailers, and food service providers with services spanning merchandise management, inventory control, copacking, and cross-docking.
Freight Technologies (NASDAQ: FRGT) has announced a 1-for-4 reverse share split of its ordinary shares, effective May 27, 2025. The reverse split will reduce the company's outstanding shares from 9,145,074 to 2,286,269. The stock will continue trading on the Nasdaq Capital Market under the symbol "FRGT" but with a new CUSIP number: G51413147.
Shareholders holding fractional shares not evenly divisible by 4 will receive rounded-up shares if their fraction is one-half or more, while smaller fractions will be cancelled. The reverse split won't affect the total authorized shares, and the company will have approximately 2.2 million ordinary shares outstanding post-split, excluding shares issuable under options and warrants.
Freight Technologies (NASDAQ: FRGT) has released its Q1 2025 financial results, showing improvements in key metrics despite macroeconomic challenges. The company reported a gross margin increase to 12.4% (up 7.0% YoY) and reduced its net loss to $1.6 million (improved by $0.7M YoY). Cash flow from operations improved slightly to -$3.1 million.
Notable developments include the launch of Fleet Rocket, a new TMS software solution, and the introduction of AI-powered features. The company invested $5.2 million in FET tokens and established the Fr8Tech AI Lab. However, due to concerns over US-Mexico cross-border trade tariffs, Fr8Tech revised its 2025 outlook, projecting revenue of $20-23 million, gross profit of $2-2.8 million, and operating loss of -$4.2 to -$5.5 million.
Freight Technologies (Nasdaq: FRGT) has secured a convertible note facility of up to $20 million to purchase Official Trump Tokens ($TRUMP). The agreement, signed on April 29, 2025, starts with an initial $1 million tranche, with potential for $19 million in subsequent drawdowns.
This strategic move follows Fr8Tech's recent acquisition of FET tokens, valued at approximately $8 million, as part of its digital asset treasury diversification strategy. CEO Javier Selgas emphasized the company's commitment to promoting US-Mexico trade relations, noting Mexico's position as the United States' top trading partner.
The investment in $TRUMP tokens positions Fr8Tech as one of the first public companies to integrate these digital assets into its treasury strategy. The company aims to leverage this investment alongside its FET token holdings and AI solutions to enhance its technology development and advocate for balanced trade between the US and Mexico.
Freight Technologies (FRGT) has announced its integration with Blue Yonder's Transportation Management System through Bayer Crop Science LP. This development follows Bayer's selection of Fr8Tech as a key logistics provider in September 2024 for the 2025 season, where the company secured six critical cross-border lanes for truckload services.
The integration connects Fr8Tech's Fr8App platform with Bayer's system through Electronic Data Interchange (EDI), enabling automated data exchanges and eliminating manual processes. The connection aims to enhance shipment visibility, reduce lead times, and optimize resource allocation, ultimately improving supply chain efficiency.
Freight Technologies (FRGT) reported its full-year 2024 results, showing improvements in key metrics despite revenue challenges. The company achieved a 1.8% increase in gross margin to 9.8%, reduced its net loss by $3.7M to -$5.6M, and improved operating cash flow by $1.6M to -$4.2M.
Notable 2024 achievements include launching Waavely, an ocean freight management platform, and Fleet Rocket, a Transportation Management System. Fr8Fleet service saw 42% year-over-year revenue growth. The company also received ISO 9001:2015 certification and high customer satisfaction scores.
For 2025 outlook, FRGT projects revenue of $20-25M, gross profit of $2-3M, and operating loss between -$4M to -$5.5M as it continues its transition toward becoming a leading logistics technology provider.
Freight Technologies (NASDAQ: FRGT) has launched an AI Lab focused on revolutionizing cross-border freight operations between the US and Mexico. The company has signed a memorandum of understanding (MOU) with the University of Monterrey to establish a strategic collaboration with their AI Program.
The AI Lab will serve as an innovation hub leveraging extensive real-world logistics data from thousands of shipments, lanes, and cross-border trade patterns. The initiative aims to develop cognitive AI solutions that can be customized for specific customer needs and optimize freight operations.
Key objectives include:
- Developing AI-powered logistics products with real-world applications
- Enhancing decision-making and automation through cognitive architectures
- Advancing AI research through academia-industry collaboration
- Building a network of leading technologists