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.
