Freight Tech Stock Price, News & Analysis

Freight Technologies (Nasdaq: FRGT) has integrated its Fr8App technology with a major global electric equipment manufacturer, enhancing cross-border logistics between the US and Mexico. CEO Javier Selgas emphasized the importance of meeting client needs and expressed confidence in the platform's ability to improve efficiency and reduce administrative burdens for multinational clients. The Fr8App platform utilizes AI and machine learning to streamline shipping processes, aiming to provide effective solutions for various clients.

Freight Technologies (Nasdaq: FRGT) announced a significant integration of its Fr8App with FourKites®, enhancing real-time tracking and tracing capabilities across North America. This collaboration allows Fr8App to send automatic location updates to FourKites®’ Unified Customer Interface, benefiting enterprise clients already using FourKites®. CEO Javier Selgas emphasizes this partnership as a validation of Fr8Tech's services, expecting it to drive long-term revenue growth and increase access to large potential customers.

Freight Technologies, Inc. (Nasdaq: FRGT), has expanded its educational program, Fr8University, through a collaboration with a prestigious university in Mexico. This initiative aims to enhance training for new team members and university students while securing access to top talent for the company. The program, initiated in late 2020, emphasizes real-world experience and technology development. According to HR director Mario Mena, this partnership will bolster Fr8Tech's competitive edge, integrating students into live projects that align with current market trends.

Freight Technologies, Inc. (Nasdaq: FRGT), known as Fr8Tech, announced its first analyst coverage since going public with a 'buy' recommendation from Chardan. CFO Paul Freudenthaler expressed optimism about the company's potential, highlighting the challenges ahead but emphasizing increasing revenues and a strong application adoption. CEO Javier Selgas noted the vast market potential and inefficiencies in logistics that Fr8Tech aims to disrupt. The company utilizes AI and machine learning to optimize supply chain solutions, enhancing transparency and cost-efficiency for customers.

Freight Technologies (Nasdaq: FRGT) announced it received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement as its shares traded below $1.00 for 30 consecutive days. The company has until April 24, 2023, to regain compliance, which may include options like a reverse stock split. If the stock price reaches $1.00 for ten consecutive days during the compliance period, it will resolve the issue. Failure to comply could lead to delisting unless the company meets other requirements.

Freight Technologies, Inc. (Nasdaq: FRGT) has secured a two-year contract with Kimberly Clark de Mexico to expand its Fr8Private Fleet product. This commitment is expected to triple the company's capacity in this service within three months. Fr8Private Fleet, which operates on the company's B2B platform, enables predetermined load capacity agreements. COO Luisa Lopez emphasized the significance of this long-term commitment for steady business, while Javier Selgas noted ongoing investments to enhance their domestic offerings in the U.S. and Mexico.

Fr8Tech, operating under the brand Fr8App, has announced an expanded partnership with a Fortune 500 glass container manufacturer, enhancing logistics services across the US/Canada border. This development builds on their existing collaboration since 2021 focused on US/Mexico logistics. The CEO emphasized that recurring business validates the platform's efficacy, aiming to deepen customer relationships and drive future growth. With a focus on AI-driven solutions, Fr8App enhances operational efficiency, transparency, and revenue potential.

Freight Technologies, Inc. (Nasdaq: FRGT) presented key updates during the H.C. Wainwright 24th Annual Global Investment Conference on September 14, 2022, in New York City. The presentation was led by CFO Paul Freudenthaler and President Mike Flinker. Freight Technologies focuses on optimizing supply chain processes through technology, including a B2B cross-border shipping platform in the USMC region. Attendees can view the presentation by requesting access through the conference.

Freight Technologies, Inc. (FRGT) has expanded its logistics partnership with Kimberly Clark de Mexico (KCM) to facilitate cross-border shipping from Mexico to the U.S. This follows the successful implementation of the Fr8Fleet and domestic spot services. KCM's management expressed satisfaction with Fr8Tech's offerings, confirming the platform's capability to meet their logistics needs. This development signifies Fr8Tech's increasing business potential and validates its Fr8App platform in the competitive logistics market.