NetworkNewsBreaks – Freight Technologies Inc. (N
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Posted On: 05/10/2024 4:57:46 PM
NetworkNewsBreaks – Freight Technologies Inc. (NASDAQ: FRGT) Reports Full Year 2023 Financial Results
Freight Technologies (NASDAQ: FRGT) (“Fr8Tech”), a technology company offering its custom-developed Fr8App, an industry-leading freight-matching platform powered by AI and machine-learning that offers a real-time portal for B2B cross-border and domestic shipping within the USMCA region, on Thursday reported its financial results for the full year 2023, which ended on Dec. 31, 2023. Among other highlights, the company stated Fr8Fleet attained an annual revenue of $17.1 million with 48% year-over-year growth. “As we’ve discussed before, 2023 was a challenging year for many across the freight industry as participants struggled to find a balance between supply and demand after the COVID-19 pandemic spurred significant disruptions to global supply chains. We weathered the storm by focusing on our core markets and our competitive strength as a data-driven networking solution for the freight industry, and by being selective with our relationships with top-tier customers and carriers,” Fr8Tech CEO Javi Selgas stated in the news release. “We also continued to invest in Fr8App to make it more intuitive and powerful for our users and extend its capabilities. To that end and to better serve our customers and the industry, we will be announcing additional offerings to bring more end-to-end, process-improving solutions to the freight transportation market. Stay tuned.”
NOTE TO INVESTORS: The latest news and updates relating to FRGT are available in the company’s newsroom at https://nnw.fm/FRGT
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
Freight Technologies (NASDAQ: FRGT) (“Fr8Tech”), a technology company offering its custom-developed Fr8App, an industry-leading freight-matching platform powered by AI and machine-learning that offers a real-time portal for B2B cross-border and domestic shipping within the USMCA region, on Thursday reported its financial results for the full year 2023, which ended on Dec. 31, 2023. Among other highlights, the company stated Fr8Fleet attained an annual revenue of $17.1 million with 48% year-over-year growth. “As we’ve discussed before, 2023 was a challenging year for many across the freight industry as participants struggled to find a balance between supply and demand after the COVID-19 pandemic spurred significant disruptions to global supply chains. We weathered the storm by focusing on our core markets and our competitive strength as a data-driven networking solution for the freight industry, and by being selective with our relationships with top-tier customers and carriers,” Fr8Tech CEO Javi Selgas stated in the news release. “We also continued to invest in Fr8App to make it more intuitive and powerful for our users and extend its capabilities. To that end and to better serve our customers and the industry, we will be announcing additional offerings to bring more end-to-end, process-improving solutions to the freight transportation market. Stay tuned.”
NOTE TO INVESTORS: The latest news and updates relating to FRGT are available in the company’s newsroom at https://nnw.fm/FRGT
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
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