Let’s say you want to own a trucking company. A piece of America’s commercial circulatory system. Like trains, they carry out the essential function of bringing stuff from where it is made to where it is needed. Unlike trains, they can use theStriving to compound knowledge. Long-time fan of Warren and Charlie. Always invert. "To finish first, you must first finish". Investing own and family funds for +20 years. Senior finance roles at public and private corporations for most of that time.Analyst’s Disclosur ...

Diana Shipping Inc. (NYSE: NYSE: DSX ) is a Greece-based dry bulk carrier that has been primarily engaged in the global transportation of commodities such as coal, grain, and iron ore for over twenty years. After going throughI focus on producing objective, data-driven research, mostly about small- to mid-cap companies, as these tend to be overlooked by many investors. From time to time, though, I also look at large-cap names, just to give a fuller sense of the broader equity markets.Analyst’s Disclosure: I ...

Core Points - Freight Technologies, Inc. has entered into an Amendment and Exchange Agreement with an accredited investor to convert $1.5 million of senior convertible notes into Series A4 preferred shares [1][2] - The net proceeds from a $20 million Facility are designated for the purchase of OFFICIAL TRUMP coins [1] - The New Preferred Shares can be converted into ordinary shares, and the company must reserve enough ordinary shares for this conversion [2] - The total number of ordinary shares issued upon conversion of New Preferred Shares is limited to 19.9% of the outstanding ordinary shares unless stockholder approval is obtained [3] Company Overview - Freight Technologies, Inc. (Nasdaq: FRGT) is a technology company focused on logistics management, offering a range of AI and machine learning-driven solutions to optimize supply chain processes [5] - The company's portfolio includes various platforms such as Fr8App for B2B cross-border shipping, Fr8Now for less-than-truckload shipping, and Fleet Rocket for transportation management [5] - The company is headquartered in Houston, Texas, and aims to improve operational efficiency through innovative technologies like live pricing and real-time tracking [5]

HOUSTON, May 22, 2025 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (Nasdaq: FRGT, “Fr8Tech” or the “Company”), a logistics management innovation company offering a diverse portfolio of technology-driven solutions, announced today that the board of directors of the Company approved a one (1) for four (4) reverse share split (“reverse split”) of its issued and outstanding ordinary shares, no par value (the “Ordinary Shares”). The Ordinary Shares will begin trading on a split adjusted basis on May 27, 2025. ...

Financial Performance - Gross margin percentage increased by 1.8% year-over-year to 9.8% in 2024 from 7.9% in 2023 due to more profitable routes and operational efficiency improvements[7] - Cash flow from operations improved by $1.6 million year-over-year to -$4.2 million from -$5.8 million in 2023, driven by better margins and working capital management[7] - Net loss improved by $3.7 million year-over-year to -$5.6 million in 2024 from -$9.3 million in 2023, despite lower revenue, due to higher gross margins and lower operating expenses[7] - Revenue for 2024 was reported at $13.73 million, down from $17.06 million in 2023[11] - Net loss for 2024 was $5,601,227, an improvement from a net loss of $9,327,606 in 2023, representing a reduction of approximately 40%[17] Assets and Liabilities - Total assets decreased to $5.69 million in 2024 from $10.04 million in 2023[13] - Total liabilities decreased to $6.35 million in 2024 from $7.41 million in 2023[13] Cash Flow and Financing - Cash used in operating activities decreased to $4,206,168 in 2024 from $5,790,684 in 2023, indicating a 27% improvement[17] - Cash and cash equivalents at the end of the period dropped to $204,032 from $1,560,105, reflecting a decrease of approximately 87%[17] - Net cash provided by financing activities was $4,242,023 in 2024, down from $6,800,722 in 2023, a decline of about 38%[17] - The company reported a gain from extinguishment of debt amounting to $1,607,766 in 2024[17] - Proceeds from issuance of common stock from ATM Offering amounted to $3,079,016 in 2024[17] Operational Highlights - Fr8Fleet, the dedicated capacity service, achieved 42% year-over-year revenue growth[3] - The company launched Waavely, an ocean freight booking and management platform, in July 2024, and Fleet Rocket, a Transportation Management System, in February 2025[2][3] - Customer satisfaction survey indicated a response rate of over 80%, with average scores greater than four out of five[3] - The company expects to continue improving financial results in 2025, focusing on software offerings and AI-powered solutions[5] Expenses and Costs - Depreciation and amortization increased to $430,414 in 2024 from $404,598 in 2023, a rise of about 6%[17] - Share-based compensation decreased to $981,023 in 2024 from $1,153,787 in 2023, a reduction of approximately 15%[17] - Accounts receivable increased significantly to $1,120,176 in 2024 from $45,383 in 2023, indicating a substantial growth[17] - The company capitalized software development costs of $336,153 in 2024, slightly up from $328,645 in 2023[17]

Gross margin % improvement | Lower net loss | Fleet Rocket launch HOUSTON, May 20, 2025 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (Nasdaq: FRGT; "Fr8Tech" or the "Company"), a logistics management innovation company, offering a diverse portfolio of technology-driven solutions, released its results for the first quarter ended March 31, 2025, on May 16, 2025. "In the first quarter of 2025, the Company continued to build on the transformative progress of 2024. We delivered further improvements across seve ...

Financial Performance - For the three months ended March 31, 2025, revenue decreased to $4,100,640 from $4,287,760 for the same period in 2024, representing a reduction of $187,120 or 4.4% year-over-year[143] - The company reported a net loss of $1,602,046 for the three months ended March 31, 2025, compared to a net loss of $2,256,450 for the same period in 2024[142] - Operating loss for the three months ended March 31, 2025, was $1,464,101, an improvement from the operating loss of $2,083,746 in the same period of 2024[142] - Fr8Tech had an accumulated deficit of approximately $46.5 million and reported operating losses and negative cash flows from operations for the quarter ended March 31, 2025[155] Cost Management - Cost of revenue for the three months ended March 31, 2025, decreased to $3,593,300 from $4,056,627 in the same period of 2024, a reduction of $463,327 or 11.4% year-over-year[144] - Fr8Tech's compensation and employee benefits expenses decreased by $199,552 or 13.7% year-over-year to $1,254,789 for Q1 2025, primarily due to a reduction in headcount[145] - General and administrative expenses fell by $134,784 or 18.4% to $596,753 for Q1 2025, mainly due to lower spending on professional services and insurance[146] - Sales and marketing expenses decreased by $2,749 or 14.6% to $16,045 for Q1 2025, attributed to reduced online advertising and industry event expenditures[147] - Interest expense decreased by $38,601 to $134,864 for Q1 2025, primarily due to lower borrowing against the revolving credit facility[150] Cash Flow and Liquidity - Net cash used in operating activities for Q1 2025 was $3,096,429, driven by a net loss of $1,602,046 and cash used for working capital of $1,823,320[162] - Net cash provided by financing activities increased to $3,421,713 for Q1 2025, primarily from the issuance of Series A4 shares and short-term borrowings[166] - The liquidity condition raises substantial doubt about Fr8Tech's ability to continue as a going concern for the next twelve months[158] Strategic Focus and Market Conditions - The demand for the company's platform is influenced by overall economic conditions in North America, including international trade levels[137] - The company is focused on enhancing its digital freight matching capabilities to address supply chain challenges and improve operational efficiency[138] - The company believes that the near-shoring trend will continue to create market opportunities for digital brokers in cross-border commerce[139] Financing Activities - The company raised $3,000,000 from the issuance of Series A4 preferred shares in February 2025, contributing to its financing efforts[136] - The company expects to have sufficient funds to carry out planned operations through December 31, 2025, and for at least 12 months beyond that period[136] Accounts Receivable and Payable - Accounts receivable and unbilled receivable balance increased by $1.8 million or 45.1% to $5.9 million as of March 31, 2025, due to lower collections[152] - Accounts payable, short-term borrowings, and accrued expenses rose by $750,000 or 12.4% to $6.8 million as of March 31, 2025, mainly due to higher accrued expenses[153]

-Capital dedicated for the strategic accumulation of Official Trump ($TRUMP) cryptocurrency--Creates diversified crypto treasury strategy alongside recent purchase of FET tokens- HOUSTON, April 30, 2025 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (Nasdaq: FRGT, “Fr8Tech” or the “Company”), a logistics management innovation company, offering a diverse portfolio of technology-driven solutions, today announced that it has entered into an agreement for the issuance of convertible notes (the “Agreement”) thro ...

Shares of Old Dominion Freight Line (ODFL -7.36%) were falling today in sympathy with a disappointing report from rival Saia, another top less-than-truckload (LTL) carrier.Combined with the report from ODFL the day before, Saia's update is clear evidence that the trade war and weakening economy is already having an effect on the trucking sector.As of 11:58 a.m. ET, Old Dominion stock was down 6.7%, while Saia stock had plunged 29.1%. Trucking demand is weakeningOld Dominion managed to pass muster with its o ...

HOUSTON, April 25, 2025 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (Nasdaq: FRGT, “Fr8Tech” or the “Company”), a logistics management innovation company, is pleased to announce its integration with supply chain management company Blue Yonder’s Transportation Management System (“TMS”) through Bayer Crop Science LP (“Bayer”). This follows Bayer’s selection of Fr8Tech as a key logistics provider in September 2024 for the 2025 season, where Fr8Tech was awarded six critical cross-border lanes for truckload s ...