Freight Technologies Inc. FRGT Archives - Page 4 of 11

MondayOct 09, 2023 10:30 am

Freight Technologies Inc. (NASDAQ: FRGT) Announces Strong Financial Results for Second Quarter of 2023

Fr8Tech demonstrated steady growth in Q2 2023 reporting a 29% increase in revenue and a 93% rise in margin compared to 2022 reporting The company projects that it will hit revenues up to $42 million in 2023 – an increase over the previous year at approximately $27 million Fr8Tech offers technology solutions that include a freight matching platform for OTR shipping internationally, a dedicated truck services and operations platform, and an LTL freight matching platform in Mexico Fr8Tech continues to dedicate its offering to innovative solutions that enhance and innovate the transportation industry and simplify and optimize supply chain processes…

FridayOct 06, 2023 10:30 am

Freight Technologies Inc. (NASDAQ: FRGT) Pushing for Efficient Commerce Amid Developing Driverless Truck Legislation

FRGT, through its growing suite of solutions, is proving to be a formidable B2B cross-border shipping player in the NAFTA region Its ambitious efforts have seen the company join AMACARGA while also integrating with Samsara and collaborating with Trucker Tools By doing so, FRGT is helping the freight transportation marketplace to move commerce efficiently Freight Technologies (NASDAQ: FRGT), a tech company on a mission to revolutionize cross-border shipping by offering carriers increased growth opportunities and shippers with flexibility, visibility, and simplicity, remains committed to helping the freight transportation marketplace to move commerce efficiently. Its recent push for its load-matching solution…

WednesdayOct 04, 2023 10:30 am

Freight Technologies Inc. (NASDAQ: FRGT) Helps Facilitate Cross-border Trade Amid Growing U.S. Nearshoring Trend in Mexico

Mexico has become the United States’ leading international trading partner in recent months amid the country’s ongoing trade war with China Coincidental with Mexico’s growth as a nearshore commercial trade partner, the port at Laredo, Texas has become the most lucrative hub for cross-border commerce, recording $28.1 billion during this year’s first quarter Freight Technologies (aka Fr8Tech) is dedicated to aiding cross-border commerce through a suite of technological solutions targeting the relatively unorganized cross-border shipping and carrier industry Fr8Tech’s flagship platform, Fr8App, draws on artificial intelligence and machine learning technology to help match loads optimally and monitor shipments from origin…

WednesdaySep 27, 2023 10:30 am

QualityStocksNewsBreaks – Freight Technologies Inc. (NASDAQ: FRGT) Announces Update to Fr8App Platform: Integration with Geotab’s Open API

Freight Technologies (NASDAQ: FRGT), a technology company, has released an improvement to its innovative custom developed app: Fr8App. An industry-leading, freight-matching platform powered by artificial intelligence (“AI”) and machine-learning, Fr8App offers a real-time portal for B2B cross-border shipping and domestic shipping within the USMCA region. With the recent enhancement, Fr8App now integrates with Geotab’s open application programming interface (“API”). This new feature provides shippers and carriers with unprecedented efficiency and tracking capabilities, marking a significant step forward. The update is an example of Fr8App’s continuous improvement and investment in features utilizing AI throughout its platform. The company is committed to…

WednesdaySep 06, 2023 10:30 am

QualityStocksNewsBreaks – Freight Technologies Inc. (NASDAQ: FRGT) Announces Record Capacity Levels for Fr8Fleet

Freight Technologies (NASDAQ: FRGT) (“Fr8Tech”) is a technology company offering its custom-developed Fr8App, an industry-leading freight-matching platform that offers a B2B cloud-based solution for cross-border and domestic shipping within the USMCA region. The company reported a record number of active carriers in its Fr8Fleet brand at end of August 2023, an increase of 60.8% versus year-ago levels and an increase of 55.7% versus YTD average capacity levels through August. “Following a challenging first quarter of the year, we had to cycle through some underperforming carriers during Q1-23 – which hurt our numbers for the first quarter, but we believe we…

FridayAug 25, 2023 3:00 pm

QualityStocksNewsBreaks – Freight Technologies Inc. (NASDAQ: FRGT) Continues ‘Pushing the Boundaries of Innovation’ with AMACARGA Membership

Freight Technologies (NASDAQ: FRGT) (“Fr8Tech”), a tech company on a mission to revolutionize cross-border shipping by offering carriers increased growth opportunities and increasing shipper flexibility, visibility and simplicity, recently joined the Mexican Association of Cargo Agents (“AMACARGA”). “This is viewed as a strategic move by the company that will expand its capabilities to cater to the growing demands of its clients importing goods from Asia. AMACARGA is the largest association of cargo agents in Mexico, an authoritative voice among Mexican and international chambers, associations and authorities. Fr8Tech’s association with it affords it exceptional expertise and adherence to industry standards, a…

FridayAug 11, 2023 3:00 pm

QualityStocksNewsBreaks – Freight Technologies Inc. (NASDAQ: FRGT) Monitoring Developments in Commercial Vehicles Industry as Part of Overall Focus to Revolutionize Cross-Border Shipping

Freight Technologies (NASDAQ: FRGT) (“Fr8Tech”), a tech company revolutionizing cross-border shipping by offering carriers increased growth opportunities and shippers with flexibility, visibility and simplicity, is closely monitoring speed limiter directives on commercial vehicles. “As a company heavily invested in the industry, such directives could impact its performance and service delivery,” a recent article reads. “The Federal Motor Carrier Safety Administration (‘FMCSA’) proposed a rule that would mandate speed limiters for most commercial vehicles. While the exact speed has not been confirmed, safety groups have proposed a 60 mph limit for heavy-duty trucks. This is not the first time such a…

MondayAug 07, 2023 2:15 pm

QualityStocksNewsBreaks – Freight Technologies Inc. (NASDAQ: FRGT) Helping to Efficiently Move Commerce with Fr8App Solution

Freight Technologies (NASDAQ: FRGT) (“Fr8Tech”), a supply chain innovator, recently welcomed an extensive new pool of truck drivers working within the United States-Mexico-Canada Agreement (“USMCA”) trade area, expanding the reach of its platform and increasing the ability of commercial freight transportation networks to manage shipping loads of all sizes. “Fr8Tech recently announced completion of its collaboration with automated booking solutions platform Trucker Tools, integrating Trucker Tools’ extensive network of over 315,000 carriers across the United States with Fr8Tech’s load-matching solution Fr8App,” a recent article reads. “Fr8App streamlines the process of connecting shippers with carriers within the USMCA (formerly ‘NAFTA’), both…

ThursdayAug 03, 2023 10:30 am

Freight Technologies Inc. (NASDAQ: FRGT) Joins AMACARGA, Expanding Footprint, Capabilities, and Industry Presence

Fr8Tech just announced its move to join AMACARGA to expand its capabilities to cater to the growing demands of its clients importing goods from Asia The company’s association with AMACARGA affords it exceptional expertise and adherence to industry standards, bolstering its reputation in the industry The move further compounds Fr8Tech’s aggressive partnerships and collaborations plan, having recently announced its association with Trucker Tools, an automated booking solutions platform Freight Technologies (NASDAQ: FRGT) (“Fr8Tech”), a tech company on a mission to revolutionize cross-border shipping by offering carriers increased growth opportunities and increasing shipper flexibility, visibility, and simplicity, just announced its move…

ThursdayJul 27, 2023 11:30 am

Freight Technologies Inc. (NASDAQ: FRGT) Keeping a Close Eye on FMCSA Speed Limiter Rule, Amid Growing Debate and Displeasure from OOIDA

The FMCSA (Federal Motor Carrier Safety Administration) proposed a rule mandating speed limiters for most commercial vehicles The ATA has supported the move, while OOIDA (Owner Operator Independent Drivers Association) has opposed it, terming it as an attempt to eliminate one of the few advantages they enjoy over big business The FMCSA is yet to communicate its decision on the matter, pending its review of over 15,000 comments on the issue Freight Technologies (NASDAQ: FRGT) (“Fr8Tech”), a tech company on a mission to revolutionize cross-border shipping by offering carriers increased growth opportunities and shippers with flexibility, visibility, and simplicity, is…

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