Freight Technologies Inc. FRGT Archives - Page 7 of 11

ThursdayApr 06, 2023 12:30 pm

QualityStocksNewsBreaks – Freight Technologies Inc. (NASDAQ: FRGT) Notes Record Number of New Shipper Clients Onboarded in March

Freight Technologies (NASDAQ: FRGT), 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, saw a record increase in the number of new shipper clients added during March 2023. The company reported that the increase comes after a “challenging first quarter” and include clients from an array of sectors, including automotive, beverage, motorcycles and consumer goods. According to the announcement, the company is reporting $4.4 million in quarterly revenue for Q4 2022 with YTD 2022 revenue totaling $25.9 million, an increase of 20.6% from the…

FridayMar 31, 2023 11:45 am

QualityStocksNewsBreaks – Freight Technologies Inc. (NASDAQ: FRGT) Calls Whirlpool Contract a ‘Significant Accomplishment’

Freight Technologies (NASDAQ: FRGT), a technology company whose custom-developed Fr8App, an industry-leading freight-matching platform powered by AI and machine-learning, announced that it has been awarded a contract with Whirlpool Mexico; the contract is for domestic logistics shipping services. Freight Technologies’ Fr8App offers a real-time portal for B2B cross-border shipping and domestic shipping within the USMCA region. The announcement noted that Whirlpool Corporation (NYSE: WHR) is focused on being the best global kitchen and laundry company and is driving purposeful innovation to meet the evolving needs of consumers through its iconic brand portfolio, which includes Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, JennAir,…

WednesdayMar 29, 2023 10:30 am

Market Analysis Endorsement Boosts Prospects of OTR Shipping Optimizer Freight Technologies Inc. (NASDAQ: FRGT)

The multi-billion dollar commerce in B2B international exports within the USMCA (formerly NAFTA) North American trading compact as well as likewise valuable domestic shipments represents a massive market Freight Technologies, also known as Fr8Tech, is innovating tech solutions for shipping efficiency within the USMCA territory The company’s flagship offering under its suite of technology-based solutions is branded Freight App, Inc. (or Fr8App) — a cloud-based freight matching platform that connects producers and carriers and helps them track shipments in real time Investment and research firm Chardan Capital Research recently issued a buy rating for Fr8Tech that highlights the company’s value…

FridayMar 24, 2023 2:45 pm

QualityStocksNewsBreaks – Freight Technologies Inc. (NASDAQ: FRGT) Announces Board-Approved Action to Regain Compliance with NASDAQ Market Requirements

Freight Technologies (NASDAQ: FRGT), a technology company offering its custom-developed Fr8App, has announced a reverse share split. The move is designed to increase the market price per share of the company’s ordinary share, thereby resulting in Freight Technologies regaining compliance with NASDAQ’s minimum bid price requirement and maintaining its NASDAQ Capital Market listing. FRGT board of directors approved the 10:1 reverse split on March 3, 2023; the split will be effective on or around March 24, 2023. According to the announcement, the company’s ordinary shares will continue to trade on NASDAQ under the symbol FRGT but will trade under a new…

WednesdayMar 22, 2023 11:00 am

QualityStocksNewsBreaks – Freight Technologies Inc. (NASDAQ: FRGT) Eyes Continued Growth in Cross-Border and Domestic FTL Offerings

Freight Technologies (NASDAQ: FRGT) (“Fr8Tech”), an over-the-road shipping technology innovator, is dedicated to keeping freight moving around the country and between the United States’ primary land-based trading partners in an efficiently designed and successful manner. The company does this using its flagship AI-powered Fr8App B2B marketplace as a powerful tool. “Fr8Tech recently announced its market guidance data, projecting revenues of between $36 million and $42 million for 2023, which will be an increase over 2022’s preliminary revenue figures of approximately $26 million to $27 million. The company’s projections for revenue growth are underscored by the comments President Biden made during…

WednesdayMar 22, 2023 10:30 am

Freight Technologies Inc. (NASDAQ: FRGT) Announces Update for Fr8TMS, Focusing on Cross-Border Shipping and Freight Movement Within USMCA Region

Fr8Tech aims to revolutionize the commercial trucking industry by introducing logistics and transportation technology catered to moving freight within the USMCA region more efficiently and cost-effectively The update includes several new features and improvements, including real-time tracking and monitoring of shipments, which will allow shippers to see exactly where their freight is at all times and receive notifications for delays Fr8Tech projects that during 2023, it will hit revenues between $36 million and $42 million, compared to preliminary 2022 revenue of approximately $26 million to $27 million Freight Technologies (NASDAQ: FRGT) (“Fr8Tech”), a technology company developing solutions to optimize and…

FridayMar 17, 2023 11:30 am

QualityStocksNewsBreaks – Freight Technologies Inc. (NASDAQ: FRGT) Marks Entry into Mexico LTL Market with Launch of Fr8Now

Freight Technologies (NASDAQ: FRGT) (“Fr8Tech”) is a technology company with a custom-developed Fr8App, an industry-leading freight-matching platform powered by AI and machine-learning that offers a real-time portal for B2B cross-border shipping and domestic shipping within the USMCA region. The company today announced the launch of its new brand Fr8Now, a digital freight-matching platform that offers less-than-truckload (“LTL”) services in Mexico. With Fr8Now, Freight Technologies is marking its entry into the highly fragmented and rapidly growing LTL market in Mexico, which has few established players. “Our team has worked tirelessly to bring Fr8Now operational,” said Javier Selgas, CEO of Fr8Tech. “With…

ThursdayMar 16, 2023 10:30 am

8X Upside Projected for Freight Technologies, Inc. (NASDAQ: FRGT)

Leading Investment Research Firm Maintains Buy Rating Citing strong revenue growth and expectations to ramp through 2025, Chardan Capital Research just issued a new report maintaining its buy rating for Freight Technologies (NASDAQ: FRGT) (“Fr8Tech”) and pegs the stock at about 8X current levels. In the report, Chardan states in part, “… Freight Technologies is applying a proven solution to a legacy sector; upside remains compelling from current levels.” A big part of what makes Freight Technologies so compelling is the transformative nature of its technology that’s modernizing the antiquated systems of an extremely important industry – cross border North…

WednesdayMar 08, 2023 11:30 am

QualityStocksNewsBreaks – Freight Technologies Inc. (NASDAQ: FRGT) Announces Strong YTD Results, Projects ~40% Annual Revenue Growth in 2023

Freight Technologies (NASDAQ: FRGT) (“Fr8Tech”) is a technology company offering its custom-developed Fr8App, an industry-leading freight-matching platform powered by AI and machine-learning that offers a real-time portal for B2B cross-border and domestic shipping within the USMCA region. The company released fourth quarter 2022 revenue results for the period ended Dec. 31, 2022, reporting $4.4 million in quarterly revenue for Q4 2022, as well as an impressive $25.9 million in YTD 2022 revenue. With eyes set firmly on the future, Fr8Tech’s management announced 2023 revenue guidance of $36 million. “We are proud to report another successful year of growth in 2022,…

WednesdayMar 08, 2023 10:30 am

Freight Technologies Inc. (NASDAQ: FRGT) Making Fleet Tracking Technology More Accessible to Consumers; Grows its Fr8Fleet Size and Strengthens Fleet Management Offering

Freight Technologies Inc. (Fr8Tech), a company developing solutions to optimize and automate the supply chain process, believes that technology can help streamline operations, improve safety, and increase efficiency within the fleet-tracking industry This outlook has informed the innovation and overall improvement of its fleet management offering, guaranteed improved customer service, and reduced operational costs, and contributing to the company’s growth Fr8Tech’s management is optimistic that as more people get to know and appreciate fleet technology, the company will continue to experience a steady and sustained growth in demand for its offerings, ultimately defining it as the go-to brand and platform…

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