Freight Technologies Enhances Filing Procedures for Transparency
Freight Technologies Enhances Filing Procedures for Greater Transparency
Freight Technologies, Inc. (Nasdaq: FRGT), widely known as Fr8Tech, is making strides to improve its public filing processes. This dynamic logistics management innovation company offers an array of technology-driven solutions that tackle challenges within the supply chain ecosystem.
Changes to Filing Status
In a strategic move, Freight Technologies has declared that as of December 4, 2024, it no longer qualifies as a “foreign private issuer” as per the U.S. Securities and Exchange Commission (SEC) guidelines. This important status change means that the company will now file Current Reports on Form 8-K with the SEC just like any fully domestic U.S. company.
Future Reporting Plans
The company plans to initiate filing Quarterly Reports on Form 10-Q starting with the period ending March 31, 2024, as well as Annual Reports on Form 10-K for the fiscal year 2024. Freight Technologies will also submit proxy statements for its shareholder meetings, reinforcing its commitment to transparency and shareholder engagement.
Innovative Solutions Offered
Freight Technologies stands out in the logistics sector due to its robust portfolio of creative and tech-oriented solutions aimed at streamlining the supply chain. Its flagship offerings include:
Fr8App
The Fr8App facilitates seamless over-the-road (OTR) business-to-business (B2B) cross-border shipping across the USMCA (United States-Mexico-Canada Agreement) region, ensuring timely and efficient delivery processes.
Fr8Now
The Fr8Now service focuses on specialized less-than-truckload (LTL) shipping, providing flexible options for businesses needing to ship smaller quantities without paying for an entire truck.
Fr8Fleet
For enterprise clients in Mexico, Fr8Fleet offers dedicated capacity service, ensuring that larger shipments can be transported efficiently and at competitive rates.
Waavely
The Waavely digital platform revolutionizes ocean freight booking and manages container shipments between North America and various global ports, significantly reducing logistical complexities.
Commitment to Innovation
All of these solutions are interconnected within a comprehensive platform that connects carriers and shippers. This interconnectedness greatly enhances operational efficiency through technologies featuring live pricing, real-time tracking, a digital freight marketplace, and committed capacity solutions.
Headquartered in Houston
With its headquarters in Houston, Texas, Freight Technologies is well-positioned to serve the logistics needs of diverse industries across North America and beyond. As the company continues to evolve, it remains focused on leveraging innovative approaches to navigate the changing landscape of logistics.
Frequently Asked Questions
What is Freight Technologies' new filing status?
Freight Technologies has transitioned to filing as a fully domestic U.S. company, moving away from its previous “foreign private issuer” status.
When will Freight Technologies begin filing 10-Q reports?
The company will start filing Quarterly Reports on Form 10-Q for the period ending March 31, 2024.
What is Fr8App?
Fr8App is Freight Technologies' platform that simplifies cross-border shipping in the USMCA region, enhancing efficiency in the logistics process.
How are Freight Technologies' solutions interconnected?
Freight Technologies' offerings are linked through a unified platform, enabling improved matching and operational efficiencies for carriers and shippers.
Where is Freight Technologies based?
The company is headquartered in Houston, Texas, from where it drives innovation in the logistics industry.
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