Freight Technologies
FRGT

$0.1351

9.04%

Market Cap: $1.94M

About: Freight Technologies Inc is a technology company developing solutions to optimize and automate the supply chain process. Along with its subsidiary, Freight App, Inc, the group is focused on making shipping transparent and efficient. Fr8App provides carriers with increased growth opportunities and shippers with flexibility, visibility, and simplicity for the once-complex process of international over-the-road (OTR) shipping. The company uses its proprietary technology platform to connect carriers and shippers and significantly improve matching and operation efficiency via technologies such as live pricing and real-time tracking, digital freight marketplace, broker, transportation management, fleet management, and committed capacity solutions.

Employees: 78

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

1.36% less ownership

Funds ownership: 2.02% [Q1] → 0.66% (-1.36%) [Q2]

33% less funds holding

Funds holding: 3 [Q1] → 2 (-1) [Q2]

33% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 3

52% less capital invested

Capital invested by funds: $67.6K [Q1] → $32.4K (-$35.2K) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for FRGT.

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Financial journalist opinion

Based on 3 articles about FRGT published over the past 30 days

Freight Technologies Secures Win with Bayer

Fr8App expands cross-border truckload services with several lanes awarded by Bayer CropScience LP Fr8App expands cross-border truckload services with several lanes awarded by Bayer CropScience LP

Freight Technologies Secures Win with Bayer

Freight Technologies Reports Strong Preliminary 2024 Mid-Year Results and Announces Exciting Advances in its Product Offerings

Revenue Growth, Enhanced Profit Margins, and Strategic Software Innovations Highlight Mid-Year Performance Revenue Growth, Enhanced Profit Margins, and Strategic Software Innovations Highlight Mid-Year Performance

Freight Technologies Reports Strong Preliminary 2024 Mid-Year Results and Announces Exciting Advances in its Product Offerings

Freight Technologies Announces Extinguishment of $1.1M of Outstanding Debt and Convertible Notes

HOUSTON, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (Nasdaq: FRGT, “Fr8Tech” or the “Company”), 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, today announced that it has reached an agreement with Freight Opportunities LLC to extinguish $906K of outstanding promissory notes and accumulated interest and the remaining balance of Convertible Notes held on Freight Technologies' June 30, 2024 balance sheet at $220K. Freight Opportunities remains an equity investor in the Company.

Freight Technologies Announces Extinguishment of $1.1M of Outstanding Debt and Convertible Notes

Freight Technologies Launches Waavely, a Revolutionary Digital Ocean Freight Platform

HOUSTON, July 08, 2024 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (Nasdaq: FRGT) (“Fr8Tech” or “Freight Technologies”),a technology-driven logistics company offering Fr8App, its proprietary and industry-leading freight-matching platform powered by AI and machine-learning that provides a real-time portal for B2B cross-border shipping and domestic shipping within the USMCA region, announced today the official launch of Waavely, a state-of-the-art platform designed to revolutionize ocean freight booking and management for companies shipping containers between North America and ports around the world. Waavely is live and currently available with the platform already successfully handling ocean freight.

Freight Technologies Launches Waavely, a Revolutionary Digital Ocean Freight Platform

Freight Technologies, Inc. Expands Business Relationship with Amazon Mexico

HOUSTON, June 20, 2024 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (Nasdaq: FRGT), (“Fr8Tech”), a technology driven logistics company powered by its proprietary AI and machine learning Fr8App platform that uniquely provides a real-time portal for B2B cross-border shipping and domestic shipping within the USMCA region, today announces the expansion of its relationship with Amazon Mexico to include cross-border logistics operations. As a result of the expansion, Fr8App now provides dual logistic services for Amazon Mexico.

Freight Technologies, Inc. Expands Business Relationship with Amazon Mexico

Freight Technologies Inc. Participates in Chardan's Transport Platform Tech Series

Our platform makes the process of delivering goods more efficient by bringing intuitive technology to handle operations in a more streamlined way Our platform makes the process of delivering goods more efficient by bringing intuitive technology to handle operations in a more streamlined way

Freight Technologies Inc. Participates in Chardan's Transport Platform Tech Series

Why Is Freight Technologies (FRGT) Stock Up 86% Today?

Freight Technologies (NASDAQ: FRGT ) stock is rocketing higher on Thursday after the transportation logistics technology company provided an update to its customers and carriers in 2024. According to a press release from Freight Technologies, it has added 26 new customers and 149 new carriers to its platform since the start of the year.

Why Is Freight Technologies (FRGT) Stock Up 86% Today?

Freight Technologies Adds 26 New Customers and 149 New Carriers in 2024

HOUSTON, June 06, 2024 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (“Freight Technologies”, “Fr8Tech” or the “Company”) (NASDAQ: FRGT), an innovative logistics technology solutions 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, is proud to announce it has on-boarded 26 new customers and 149 new carriers to its platform year-to-date. Javier Selgas, Chief Executive Officer of Freight Technologies, commented, “The addition of new customers to our platform further demonstrates the need for greater efficiency and transparency in the freight, over-the-road (OTR) marketplace.

Freight Technologies Adds 26 New Customers and 149 New Carriers in 2024

Freight Technologies, Inc., receives notification from NASDAQ

HOUSTON, May 24, 2024 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (Nasdaq: FRGT, Fr8Tech or Company), a technology company developing solutions to optimize and automate the supply chain process and providing its Fr8App platform for B2B cross-border shipping in the USMCA region, announced that it received written notification on May 22, 2024, from The Nasdaq Stock Market LLC that it no longer complies with the minimum bid price requirement for continued listing on the Nasdaq Capital Market pursuant to the Nasdaq Listing Rule 5550(a)(2).

Freight Technologies, Inc., receives notification from NASDAQ

Freight Technologies, Inc. Reports Financial Results for Fiscal Year 2023

Annual revenue of $17.1 million with 48% year-over-year growth for Fr8Fleet Annual revenue of $17.1 million with 48% year-over-year growth for Fr8Fleet

Freight Technologies, Inc. Reports Financial Results for Fiscal Year 2023

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