Freight Technologies Inc. (NASDAQ: FRGT), a logistics management innovation company, reported significant technological developments and strategic progress in 2024 and early 2025, emphasizing its commitment to transforming supply chain operations through advanced digital solutions.
The company's CEO, Javier Selgas, highlighted multiple key achievements, including improved gross margins and cash flow from operations. A notable milestone was the July 2024 launch of Waavely, a sophisticated ocean freight booking and management platform that expands the company's technological capabilities.
In 2025, Fr8Tech has introduced two significant technological innovations: Fleet Rocket, a cost-effective Transportation Management System (TMS), and an advanced AI Tendering Bot designed to automate and streamline load tendering processes. These developments represent strategic efforts to enhance operational efficiency for brokers, shippers, and logistics operators.
The company's portfolio now includes multiple interconnected platforms such as Fr8App, Fr8Now, Fr8Fleet, Waavely, and Fleet Rocket. Each platform leverages innovative technologies like live pricing, real-time tracking, digital freight marketplace, and committed capacity solutions to optimize supply chain management.
By focusing on automation-driven services and maintaining a lean corporate structure, Fr8Tech is positioning itself to help customers navigate complex macroeconomic trade environments. The company's multi-platform approach allows for comprehensive supply chain optimization across different transportation modes and geographical regions.
The strategic innovations come at a critical time when logistics companies are increasingly seeking technological solutions to improve efficiency, reduce costs, and enhance operational transparency. Fr8Tech's continued investment in AI and machine learning technologies demonstrates its commitment to driving digital transformation in the logistics sector.
