- Fr8Tech aims to revolutionize the commercial trucking industry by introducing logistics and transportation technology catered to moving freight within the USMCA region more efficiently and cost-effectively
- The update includes several new features and improvements, including real-time tracking and monitoring of shipments, which will allow shippers to see exactly where their freight is at all times and receive notifications for delays
- Fr8Tech projects that during 2023, it will hit revenues between $36 million and $42 million, compared to preliminary 2022 revenue of approximately $26 million to $27 million
Freight Technologies (NASDAQ: FRGT) (“Fr8Tech”), a technology company developing solutions to optimize and automate the supply chain process, providing an AI and machine-learning platform, Fr8App, for B2B cross-border shipping in USMCA regions, has announced the launch of a major update for its transportation management system, Fr8TMS 3.0. This platform upgrade aims to revolutionize the commercial trucking industry by introducing advanced logistics and transportation technology to move freight within the USMCA region, focusing on cross-border shipping.
According to data from the U.S. Department of Transportation, the ongoing disruption in U.S.-Chinese trade relations has strengthened Mexico’s status as the largest trading partner of the U.S., with cross-border annual freight spending estimated at…
NOTE TO INVESTORS: The latest news and updates relating to FRGT are available in the company’s newsroom at https://ibn.fm/FRGT
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