Freight Technologies Secures New Logistics Deal with Major Toy Brand

Freight Technologies Signs New Contract with Top Toy Brand

Freight Technologies, Inc. (NASDAQ: FRGT), referred to as 'Fr8Tech', has recently signed a significant logistics services contract with a prominent player in the toy industry. This collaboration is a testament to Fr8Tech's innovative solutions in the logistics management sector.

Fr8App: The Backbone of Logistics Solutions

The company's flagship product, the Fr8App platform, has been providing essential over-the-road (OTR) logistics services. This service has proven especially effective in Mexico, particularly during peak shipping periods, ensuring products are delivered securely and on time. The new contract reinforces Fr8Tech's commitment to providing operational efficiencies and high-quality service to their clients.

Driving Growth Through Innovation

Javier Selgas, CEO of Fr8Tech, expressed enthusiasm about this endorsement from a leading global producer of children's products, viewing it as a validation of Fr8Tech's innovative approach. He highlighted the importance of their platform in adapting to changing market demands and enhancing logistics support globally.

Expanding the Scope of Logistics Services

Fr8Tech is known for its diverse range of solutions powered by artificial intelligence and machine learning, targeting various challenges within the supply chain. Their offerings include services like Fr8Now for less-than-truckload (LTL) shipping and Fr8Fleet, focused on dedicated capacity for enterprise clients in Mexico.

Comprehensive Solutions for Supply Chain Management

The interconnected nature of Fr8Tech’s services aims to improve efficiency across the logistics network. By providing live pricing, real-time tracking, and a digital marketplace, Fr8Tech is positioned to connect carriers with shippers seamlessly, achieving an operational advantage in the competitive logistics market.

The Impact on the Toy Industry

With the signing of this new logistics contract, Fr8Tech is poised to make a significant impact on the toy industry. This deal not only promises enhanced logistical efficiency but also reflects the trust placed in Fr8Tech to manage the transport of valuable products effectively.

Commitment to Excellence

Freight Technologies continues to emphasize its commitment to excellence in logistics management. The company's advanced technological solutions are designed to address the evolving needs of various industries, particularly during critical demand periods.

Contact Information for Freight Technologies

For further information about Freight Technologies and their services, interested parties are encouraged to reach out to Jason Finkelstein at IGNITION Investor Relations via email at investors@fr8technologies.com.

Frequently Asked Questions

What is Fr8Tech known for?

Fr8Tech specializes in technology-driven logistics solutions that optimize supply chain processes using AI and machine learning.

What recent contract did Fr8Tech sign?

Fr8Tech signed a new logistics services contract with a leading global toy industry brand, enhancing their service offerings.

How does the Fr8App platform work?

The Fr8App platform facilitates over-the-road logistics, ensuring secure and timely transportation of goods, particularly in Mexico.

What services does Fr8Tech offer?

Fr8Tech offers various services, including Fr8Now for LTL shipping and Fr8Fleet for dedicated capacity, all aimed at improving supply chain efficiency.

Who can I contact for more information?

For inquiries about Fr8Tech, you can contact Jason Finkelstein via email at investors@fr8technologies.com.

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