NetworkNewsBreaks – Freight Technologies Inc. (N
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Freight Technologies (NASDAQ: FRGT) (“Fr8Tech”) is an over-the-road (“OTR”) shipping technology investor based in Houston, Texas. The company is focused on further improving commerce between the United States and Mexico by developing solutions that make the commercial truck industry’s supply chain processes more efficient. “Fr8Tech uses automation and transparent, real-time metrics that are communicated between shippers and qualified carriers – concentrating on cross-border as well as intra-national shipping within North America’s NAFTA trade area. The company’s flagship AI-powered Fr8App B2B marketplace can be of particular significance to smaller carriers working to meet Mexico’s tight CFDI 4.0 freight compliance reporting standards by January,” a recent article reads. “For carriers, Fr8App helps reduce the time matching each load to fill available space and avoid unprofitable miles driven empty – carriers can set their rate, routes, and trucks and have most of the work done for them by the platform. Shippers get transparent pricing to find the lowest cost available on the market for fast load matching and 24/7 tracking of the freight throughout its journey.”
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