Freight Technologies Inc. FRGT Archives - Page 2 of 11

TuesdayMar 26, 2024 1:15 pm

QualityStocksNewsBreaks – Freight Technologies Inc. (NASDAQ: FRGT) Announces Fourth-Quarter 2023 Preliminary Results Continue Revenue Growth Trend

Freight Technologies (NASDAQ: FRGT) is reporting its preliminary financial results for the fourth quarter of 202, the period ending Dec. 31, 2023. According to the report, Fr8Tech is showing its third consecutive quarter of notable revenue growth with Q4 2023 numbers showing approximately $5 million in quarterly revenue, which is 7.5% increase compared to the previous quarter and more than 16% growth compared to Q4 2022. In addition, the company reported its year-to-date 2023 gross margin percentage rose to 9.3%, reflecting a more than 50-basis point improvement over its 2022 results. The company also noted that it is projecting a…

ThursdayMar 21, 2024 12:15 pm

QualityStocksNewsBreaks – Freight Technologies Inc. (NASDAQ: FRGT) Continuing to Redefine Logistics Landscape with Innovative Solutions

Freight Technologies (NASDAQ: FRGT) (“Fr8Tech”) is a technology company whose custom-developed, industry-leading Fr8App freight-matching platform offers a real-time portal for B2B cross-border and domestic shipping within the USMCA region. The company has been Riisa’s trusted logistics supplier for over two years, facilitating cross-border exportations and enabling Riisa to move its products with ease and efficiency. In Fr8App’s continued focus on redefining the logistics landscape, it empowers businesses like Riisa with cutting-edge solutions that enhance operational efficiency and elevate the overall shipping experience. “Our Fr8App platform is the perfect tool for companies looking to optimize their cross-border logistics operations and reduce…

ThursdayMar 14, 2024 10:30 am

Freight Technologies Inc.’s (NASDAQ: FRGT) Fr8App Selected by Leading Packaging Company to Manage Cross-Border Shipping

Freight Technologies recently announced a significant collaboration with Envases Universales, one of the world’s largest packaging companies The collaboration, anchored in a contract estimated to be valued at over $5 million, is intended to help manage Envases’ transportation needs over the next year According to Fr8Tech, the contract demonstrates Fr8App’s commitment to delivering exceptional transportation services as well as its ability to meet the evolving needs of its clients The collaboration with Envases Universales follows a Jan. 2024 contract with Kawasaki Motores de Mexico for cross-border logistics services Freight Technologies (NASDAQ: FRGT) (“Fr8Tech”), a technology company, recently announced that its…

MondayMar 11, 2024 9:45 am

Freight Technologies Inc. (NASDAQ: FRGT) Furthers Marketplace Partnership with Geotab, and Secures Cross-Border Logistics Services Contract with Kawasaki Motores de Mexico

Fr8Tech recently participated in the Geotab Connect 2024 event as a marketplace partner, covering insights into connected vehicles, data intelligence, artificial intelligence, and sustainability Last year, the company integrated its Fr8App freight-matching platform with Geotab’s open API, boosting real-time visibility and efficiency for shippers and carriers Fr8Tech recently secured a cross-border logistics services contract with Kawasaki Motores de Mexico, a division of manufacturing conglomerate Kawasaki Heavy Industries, Ltd. Freight Technologies (NASDAQ: FRGT) (“Fr8Tech”), a technology company developing solutions to optimize and automate the supply chain process and freight logistics, recently participated in the prestigious Geotab Connect 2024 event as a…

TuesdayFeb 27, 2024 12:15 pm

QualityStocksNewsBreaks – Freight Technologies Inc.’s (NASDAQ: FRGT) Fr8App to Help Manage Transportation Needs for Envases Universales

Freight Technologies (NASDAQ: FRGT) (“Fr8Tech”), a technology company whose custom-developed, industry leading Fr8App freight-matching platform offers a real-time portal for B2B cross-border and domestic shipping within the USMCA region, today announced a significant collaboration with Envases Universales, one of the largest packaging companies worldwide. According to the announcement, Fr8App was awarded key routes through Envases’ annual 2024 RFQ, underscoring its commitment to delivering exceptional transportation services and its capability to meet the evolving needs of its clients. “We are thrilled to have been chosen by Envases Universales to help manage their transportation needs over the coming year,” said Fr8App’s CEO…

ThursdayFeb 22, 2024 10:15 am

QualityStocksNewsBreaks – Freight Technologies Inc. (NASDAQ: FRGT) Regains Compliance with Nasdaq Listing Rule 5550(a)(2)

Freight Technologies (NASDAQ: FRGT) (“Fr8Tech”) is a technology company with a custom-developed, industry-leading Fr8App freight-matching platform offering a real-time portal for B2B cross-border and domestic shipping within the USMCA region. The company previously announced its receipt, in August 2023, of written notification from the Nasdaq Stock Market LLC that it did not comply with the minimum bid price requirement for continued listing on the Nasdaq Capital Market per Listing Rule 5550(a)(2) because the closing bid price for the company's ordinary shares had fallen below $1.00 per share for 30 consecutive business days. On Feb. 20, 2024, Fr8Tech received notification that…

TuesdayFeb 20, 2024 9:59 am

QualityStocksNewsBreaks – Freight Technologies Inc. (NASDAQ: FRGT) Serves as ‘Distinguished Marketplace Partner’ at Seventh Annual Geotab Connect 2024 Gathering

Freight Technologies (NASDAQ: FRGT), a technology company whose custom-developed Fr8App, an industry-leading freight-matching platform powered by artificial intelligence (“AI”) and machine-learning and offering a real-time portal for B2B cross-border shipping and domestic shipping within the USMCA region, is participating in this month’s Geotab Connect 2024 event. The company received a special invitation to participate in the prestigious event, which is hosted by Geotab, a global leader in connected transportation solutions. The event was held from Feb. 14–16 in Las Vegas. According to the announcement, the three-day Geotab Connect 2024 event is designed to offer unparalleled insights into the ever-evolving landscape…

ThursdayJan 25, 2024 10:45 am

QualityStocksNewsBreaks – Freight Technologies Inc. (NASDAQ: FRGT) Names New CFO, Board Member

Freight Technologies (NASDAQ: FRGT), has announced key changes to its executive team and board of directors. Freight Technologies is a technology company whose custom-developed Fr8App, an industry-leading, freight-matching platform powered by AI and machine-learning and offers a real-time portal for business-to-business (“B2B”) cross-border shipping and domestic shipping within the USMCA region. The company appointed Don Quinby as its new chief financial officer while announcing that Paul Freudenthaler, the company’s former CFO, was named a member of FRGT’s board of directors; the changes were effective Jan. 19, 2024. According to the announcement, the changes support Fr8Tech's commitment to promoting internal talent…

WednesdayJan 17, 2024 4:51 pm

QualityStocksNewsBreaks – Freight Technologies Inc. (NASDAQ: FRGT) Partners with Kawasaki in Contract for Cross-Border Logistics Services

Freight Technologies (NASDAQ: FRGT), a technology company specializing in the development of innovative solutions to optimize and automate the supply chain process through its custom-developed F8App platform, has entered into a contract with Kawasaki Motores de Mexico for cross-border logistics services. According to the announcement, Fr8App is already orchestrating the cross-border logistics for Kawasaki’s popular Jet Ski models, which has provided an opportunity to demonstrate the platform’s adaptability and efficiency in handling diverse transportation requirements. In a selection that goes beyond simple technology adoption, Kawasaki Motores de Mexico officials noted that Fr8App was chosen because the company aligns seamlessly with…

FridayJan 12, 2024 3:00 pm

QualityStocksNewsBreaks – Freight Technologies Inc. (NASDAQ: FRGT) Positioned as Go-to Logistics Solution Within USMCA Region

Freight Technologies (NASDAQ: FRGT) (“Fr8Tech”), a tech company reforming cross-border shipping, recently announced the renewed selection of its Fr8App for Amazon Mexico’s domestic shipping within the USMCA region. “This marks the second year that Amazon Mexico has contracted Fr8Tech, in what the CEO Javier Selgas has attributed to the company’s commitment to meeting customers’ needs and continuously improving its platform. This announcement comes just months after Fr8Tech announced the securing of a Request for Quotation (‘RFQ’) from a leading global pharmaceutical giant, for which it was awarded 33 lanes to transport pharmaceutical goods from the U.S. to both Mexico and…

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