Company Description
Freight Technologies, Inc. (Nasdaq: FRGT), also referred to as “Fr8Tech,” is a technology company headquartered in Houston, Texas that develops proprietary, AI-powered platform solutions to optimize and automate the supply chain process. According to company disclosures, Fr8Tech focuses on addressing distinct challenges within the logistics ecosystem by combining over-the-road (OTR) freight services with software and automation tools that connect shippers and carriers and improve operational efficiency.
Fr8Tech’s portfolio includes several interconnected products. The Fr8App platform supports seamless OTR B2B cross-border shipping across the USMCA region, facilitating freight movements between the United States, Mexico, and Canada. Fr8Now is described as a specialized service for less-than-truckload (LTL) shipping, while Fr8Fleet provides dedicated capacity services for enterprise clients in Mexico. Waavely is a digital platform for efficient ocean freight booking and management of container shipments between North America and ports worldwide. These offerings are designed to work together within a unified platform to improve matching between shippers and carriers and enhance visibility across different transportation modes.
A key element of Fr8Tech’s strategy is its software-as-a-service and transportation management capabilities. Fleet Rocket is a cloud-based Transportation Management System (TMS) for brokers, shippers, and other logistics operators. Company communications describe Fleet Rocket as a nimble, scalable, and cost-effective TMS that supports planning, dispatch, visibility, and performance analytics. Through its Fr8Radar module, Fleet Rocket aggregates real-time geolocation data from a large and growing network of GPS providers across the U.S. and Mexico, allowing users to monitor vehicle locations across multiple carriers in a single interface and link that data to shipment records, cargo details, and related documents.
Fr8Tech emphasizes the use of artificial intelligence and machine learning across its platforms. The company operates an AI Lab that develops logistics-focused AI capabilities, including autonomous voice-agent systems and AI-assisted automation. One of its notable products is Zayren, an AI-based, machine learning pricing-prediction tool and carrier-matching platform designed specifically for cross-border and domestic OTR freight shipments across Mexico and the United States. Zayren provides real-time freight-rate predictions and uses AI agents to help identify available carriers for specific lanes, with initial access offered to Fleet Rocket TMS users.
The company also reports AI-driven automation in freight billing and compliance. Within Fr8App and Fleet Rocket, Fr8Tech has introduced a Carrier Auto Invoicing module that uses large language model–assisted data extraction and validation to process XML and PDF invoices. This module is designed to standardize structured fields, perform automatic end-to-end validation, and support compliance with Mexico’s CFDI electronic invoicing regulations under the Servicio de Administración Tributaria (SAT). The system generates traceable validation records and real-time alerts to help carriers and back-office teams reduce manual errors and accelerate settlements.
Beyond transportation and billing workflows, Fr8Tech’s technology is applied to real-time visibility and collaboration with large logistics customers. Company announcements describe Fr8Tech as a logistics service provider for Amazon Mexico since 2023, supporting high-demand seasonal operations and cross-border shipments. Through direct integration of Fr8App with Amazon Mexico’s internal tracking system, Fr8Tech provides precise unit location and continual movement tracking data, enabling automated monitoring, detection of unauthorized stops, and streamlined alerts for improved delivery expectations.
Fr8Tech’s solutions are also extended through partnerships and integrations. The company has entered into a strategic partnership with Solvento, a fintech provider serving the trucking and logistics industry in Latin America. This integration links Fleet Rocket TMS with Solvento’s financial management tools so that brokers, carriers, and shippers can connect shipment and operational data to invoicing, collections, payments, factoring, and receivables and payables reporting. Solvento’s customers can in turn use Fleet Rocket as a transportation management system for planning, dispatch, visibility, and analytics.
To support its AI roadmap, Fr8Tech has entered into a multi-year services agreement with Fetch Compute, Inc. (Fetch AI) to access the ASI-1 large language model platform and developer tools. The company states that it will leverage these models to accelerate development of logistics-specialized AI systems, including autonomous task agents and real-time voice-enabled AI agents that assist shippers, carriers, and brokers with procurement, scheduling, exception handling, and real-time communication. Fr8Tech has also described internal prototypes of AI logistics worker agents developed in collaboration with the University of Monterrey.
In addition to its operating platforms, Fr8Tech has disclosed activities related to capital structure and asset management. The company has used cryptocurrencies as part of its treasury strategy, reporting purchases and sales of tokens and associated realized and unrealized gains and losses in its financial statements. It has also entered into equity and debt financing arrangements, including preferred share issuances, senior convertible promissory notes, and an equity purchase facility agreement that gives Fr8Tech the right, subject to conditions, to direct an institutional investor to purchase ordinary shares up to a specified commitment amount.
Fr8Tech has also announced a share purchase agreement to acquire JAK Solar Loans 1 Limited (JAK Solar), a company that owns and services residential solar-related financial contracts. According to the company’s disclosures, JAK Solar manages a portfolio of active and performing U.S.-based residential solar power system loans and operates a scalable platform integrated to manage and service residential solar loans and similar energy-efficiency and home-improvement-based financings. Fr8Tech states that, upon closing, this acquisition is expected to broaden its asset base through contracted, long-duration financial assets tied to residential renewable energy systems and to provide recurring cash flows.
From a regulatory perspective, Freight Technologies, Inc. is incorporated in the British Virgin Islands and has alternated between domestic U.S. reporting and foreign private issuer status under SEC rules. The company has filed reports on Forms 10-K and 10-Q during periods when it did not qualify as a foreign private issuer and has indicated that, as of June 30, 2025, it again qualifies as a foreign private issuer and will file Annual Reports on Form 20-F and Reports on Form 6-K. Its ordinary shares trade on Nasdaq under the symbol FRGT.
Overall, Freight Technologies, Inc. presents itself as a logistics management innovation company combining digital freight marketplace functions, transportation management software, AI-driven pricing and automation tools, and integrated visibility solutions. Its interconnected products—Fr8App, Fr8Now, Fr8Fleet, Waavely, Fleet Rocket, and Zayren—are described as operating within a unified platform that uses technologies such as live pricing, real-time tracking, brokerage support, transportation management, fleet management, and committed capacity solutions to address inefficiencies in cross-border and domestic freight operations.
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Short Interest History
Short interest in Freight Tech (FRGT) currently stands at 37.0 thousand shares, down 60.0% from the previous reporting period, representing 2.9% of the float. This relatively low short interest suggests limited bearish sentiment.
Days to Cover History
Days to cover for Freight Tech (FRGT) currently stands at 1.0 days. This low days-to-cover ratio indicates high liquidity, allowing short sellers to quickly exit positions if needed. The days to cover has decreased 27.5% over the past year, suggesting improved liquidity for short covering.