Freight Technologies Drives Digital Innovation in Logistics with New AI-Powered Solutions
TL;DR
Fr8Tech announced strong results for 2024, including improved gross margins and new customer onboarding, setting them apart in the logistics industry.
Fr8Tech's innovative solutions like Waavely and Fleet Rocket optimize supply chain processes through AI and machine learning, enhancing operational efficiency.
Fr8Tech's advancements in digital freight logistics technology aim to improve operational efficiency, reduce costs, and enhance the overall supply chain ecosystem.
Fr8Tech's introduction of the AI Tendering Bot revolutionizes the load tendering process, showcasing cutting-edge automation technology in the logistics sector.
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Freight Technologies Inc. (NASDAQ: FRGT) reported significant technological progress and strategic developments in its 2024 annual results, positioning itself as a comprehensive digital freight-logistics technology company. The company launched several innovative solutions designed to transform logistics management and automation.
Key developments include the introduction of Fleet Rocket, a cost-effective Transportation Management System (TMS) targeting brokers, shippers, and logistics operators. Additionally, Fr8Tech unveiled an advanced AI Tendering Bot engineered to automate and optimize the load tendering process, addressing critical efficiency challenges in the logistics sector.
CEO Javier Selgas highlighted the company's transformative year, noting improvements in gross margins and operational cash flow. The launch of Waavely, a state-of-the-art ocean freight booking platform, and successful customer acquisitions underscored the company's growth trajectory.
Fr8Tech's strategic focus on AI and machine learning-powered solutions positions the company to help customers navigate complex macroeconomic trade environments. By offering interconnected platforms like Fr8App, Fr8Now, Fr8Fleet, and Waavely, the company aims to enhance matching and operational efficiency across the supply chain ecosystem.
The company's technological innovations represent a significant stride in addressing supply chain challenges, potentially reducing operational costs and improving logistics management for businesses across various industries.
Curated from InvestorBrandNetwork (IBN)
