Freight Technologies (NASDAQ: FRGT) (“Fr8Tech”), a North American transportation logistics technology company, understands the direct relationship between successful, efficient trade and logistics services. “Through its in-house technologies, which are powered by artificial intelligence (‘AI’), Fr8Tech seeks to modernize operations for shippers and carriers in Mexico, Canada and the U.S. [the USMCA region] by optimizing logistics, reducing transportation costs and making fleets more efficient. All these benefits are anchored in an innovative digital freight matching technology: the Fr8App B2B marketplace. Fr8App is a central, cloud-based control center that connects shippers and carriers, matching them based on the former’s unique shipping needs and the latter’s carrying capacity and reliability. To put it simply, Fr8App streamlines the once complex process of over-the-road (‘OTR’) shipping,” a recent article reads. “The Fr8App marketplace is linked to some of Fr8Tech’s other software solutions, adding extra value to the users… As the USMCA continues to spur trade among North American countries, Fr8Tech is providing support structures that boost efficiency.”
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About Freight Technologies Inc.
Freight Technologies (“Fr8Tech”) is a technology company developing solutions to optimize and automate the supply chain process. Its wholly owned subsidiary, Freight App Inc. (“Fr8App”), is a B2B cross-border shipping marketplace in the USMCA region powered by AI and machine learning. Focused on making shipping transparent and efficient, Fr8App provides carriers with increased growth opportunities and shippers with flexibility, visibility and simplicity for the once-complex process of international over-the-road (“OTR”) shipping. Fr8App uses its proprietary technology 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, broker, transportation management, fleet management, and committed capacity solutions. The company is headquartered in Houston, Texas. For more information, please visit Fr8Technologies.com.
NOTE TO INVESTORS: The latest news and updates relating to FRGT are available in the company’s newsroom at https://ibn.fm/FRGT
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