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Freight Technologies Announces Deal to Acquire JAK Solar
Globenewswire· 2025-12-16 14:00
HOUSTON, Dec. 16, 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 that it has entered into a share purchase agreement to acquire JAK Solar Loans 1 Limited (“JAK Solar”). JAK Solar operates a scalable platform focused on the ownership and servicing of residential solar-related financial contracts, supported by established servicing arrangements and p ...
Freight Technologies Announces Third Quarter 2025 Results
Globenewswire· 2025-12-11 14:36
Profit margin improvement | Lower operating losses | Continued progress in SaaS and AI strategyHOUSTON, Dec. 11, 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 its third-quarter results for the period ended September 30, 2025, on December 9, 2025. “In the third quarter of 2025, we continued to advance our transition toward a software- and AI-driven ...
Old Dominion Freight: Solid Fundamentals, Market Opportunities Justify Uptrend
Seeking Alpha· 2025-12-09 01:40
Core Insights - The logistics sector has seen significant engagement from investors, particularly in the ASEAN and US markets, highlighting its growth potential and diversification opportunities [1] - The popularity of insurance companies in the Philippines since 2014 has influenced investment strategies, leading to a broader portfolio that includes various industries and market capitalizations [1] - The entry into the US market has provided additional avenues for investment, with a focus on banks, hotels, shipping, and logistics companies, indicating a trend towards international diversification [1] Investment Strategies - Initial investments were concentrated in blue-chip companies, reflecting a common strategy among investors seeking stability [1] - The approach has evolved to include a mix of long-term holdings for retirement and short-term trades for profit, showcasing a balanced investment strategy [1] - The use of analytical tools and resources, such as Seeking Alpha, has enhanced investment decision-making and market comparisons between the US and Philippine markets [1]
Freight Technologies Announces Strategic Partnership with Solvento to Integrate Financial Workflows
Globenewswire· 2025-12-05 14:00
Fleet Rocket TMS is now integrated with Solvento’s financial solutions platform, enabling direct invoicing and full suite payment capabilities for logistics operatorsHOUSTON, Dec. 05, 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 a strategic partnership with Solvento, a leading fintech provider serving the trucking and logistics industry in ...
Old Dominion Freight Line Provides Update for Fourth Quarter 2025
Businesswire· 2025-12-02 22:15
Dec 2, 2025 5:15 PM Eastern Standard Time Adam N. SatterfieldExecutive Vice President andChief Financial Officer(336) 822-5721 Industry: Old Dominion Freight Line Provides Update for Fourth Quarter 2025 Share THOMASVILLE, N.C.--(BUSINESS WIRE)--Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today reported certain less-than-truckload ("LTL†) operating metrics for November 2025. Revenue per day decreased by 4.4% as compared to November 2024 due to a 10.0% decrease in LTL tons per day that was partially offs ...
Freight Technologies Announces Strategic Agreement to Advance Agentic AI Initiative
Globenewswire· 2025-11-20 14:46
Core Insights - Fr8Tech has entered into a multi-year service agreement with Fetch Compute to utilize their ASI-1 large language models, enhancing its AI-driven logistics solutions [1][2] - The integration of Fetch AI's technology will enable Fr8Tech to develop next-generation logistics AI systems, including autonomous task agents and real-time voice-enabled AI agents [2] Company Overview - Freight Technologies, Inc. (Fr8Tech) is a logistics management innovation company that offers a range of technology-driven solutions aimed at optimizing and automating supply chain processes [3] - The company's portfolio includes various platforms such as Fr8App for cross-border shipping, Fr8Now for less-than-truckload shipping, and Fleet Rocket for transportation management [3] Technology and Innovation - Fr8Tech plans to leverage the ASI-1 models to enhance multi-agent collaboration in freight procurement, scheduling, exception handling, and real-time communication [2] - The integration of advanced AI technologies is expected to significantly improve operational workflows for shippers, carriers, and brokers [2]
Freight Technologies Announces the Commercial Launch of Zayren - AI-Powered Freight Rate Prediction & Carrier Matching Platform
Globenewswire· 2025-11-19 14:00
Core Insights - Freight Technologies, Inc. has launched Zayren, an AI-based pricing-prediction tool and carrier-matching platform aimed at enhancing logistics for cross-border and domestic freight shipments between Mexico and the United States [1][2][3] Product Features - Zayren offers real-time freight-rate predictions, allowing shippers and brokers to access instant pricing insights for both cross-border and domestic loads [2][5] - The platform includes an integrated AI agent that helps users identify available carriers for specific lanes, streamlining the freight procurement and matching process [2][3] - Key features of Zayren include real-time rate estimations, AI-powered carrier-matching agents, and exclusive access for Fleet Rocket TMS users during the initial rollout [5] Strategic Importance - The launch of Zayren is seen as a significant advancement in freight procurement and execution within the U.S.–Mexico corridor, providing tools for faster operations, cost reduction, and enhanced transparency [3] - The platform's machine-learning capabilities address price volatility in logistics, analyzing large volumes of data to deliver accurate, real-time rate predictions that improve over time [3] Future Developments - Freight Technologies plans to introduce voice-enabled AI agents with additional logistics functionalities in 2026, further expanding its AI-driven automation across the freight transportation ecosystem [3]
Trackonomy and Delta Cargo Launch Pulse: A New Era of Air Freight Transparency and Efficiency
Prnewswire· 2025-11-11 15:00
Core Insights - Trackonomy collaborates with Delta Cargo to launch the Pulse platform, enhancing shipment transparency and operational reliability in air cargo operations [1][2][5] Company Overview - Trackonomy is a leader in Physical AI and smart logistics solutions, focusing on real-time intelligence and automation in logistics and supply chain management [7] - Delta Cargo, the air freight division of Delta Air Lines, serves over 290 destinations and transported over 11 million pieces of cargo in 2024 [9][10] Technology and Innovation - The Pulse platform utilizes Trackonomy's visibility technology to provide real-time location intelligence and proactive alerts for potential disruptions, improving operational efficiency [2][3] - Built on Trackonomy's Sentient Platform, Pulse integrates various data sources for predictive analytics and autonomous intervention, creating a self-optimizing network [3][4] Operational Impact - Pulse enables gate-level cargo visibility and real-time status updates, facilitating a seamless flow of data and enhancing tracking capabilities for air freight [4][5] - The system is currently active for DASH and DASH Critical shipments at multiple major U.S. airports, including Atlanta, New York, and Los Angeles [5][6] Customer Experience - Customers benefit from automatic real-time tracking through SmartTape tags, enhancing the visibility of their shipments without additional steps [6]
Freightos Eliminates Modal Divide By Expanding From Air to Ocean Freight Pricing, Rate Management and Quoting
Prnewswire· 2025-11-05 12:00
Core Insights - Freightos Limited has launched WebCargo Rate & Quote Ocean, integrating air and ocean freight pricing, quoting, and booking into a single platform, significantly enhancing operational efficiency for freight forwarders [1][2][4] Group 1: Product Launch and Features - The new platform allows freight forwarders to manage rates, quotes, and bookings for both air and ocean freight on a unified digital platform, with integrations to major ocean carriers [2][4] - During its beta phase, WebCargo Rate & Quote Ocean processed thousands of ocean freight quotes, with early adopters reporting a 75% reduction in quote times [3][4] Group 2: Market Impact and Strategic Goals - The launch addresses a critical gap in digital rate management for ocean freight, enabling forwarders to simplify operations and improve customer service [4] - Freightos aims to unify global freight by bridging the operational divide between air and ocean logistics, facilitating faster and more accurate quotes [4][6] Group 3: Company Overview - Freightos is a leading vendor-neutral global freight booking platform, connecting airlines, ocean carriers, freight forwarders, and importers/exporters to enhance efficiency in world trade [6][7] - The platform supports a suite of software solutions for various stakeholders in the international freight industry, including real-time industry data through Freightos Terminal [7][8]
Descartes' Study Finds 67% of Freight Forwarders and Customs Brokers View Technology as Fundamental to Growth
Globenewswire· 2025-11-04 11:45
Core Insights - The logistics industry is facing significant challenges such as global instability (60%), tariff changes (42%), and customer pricing pressure (61%) over the next five years, according to a study by Descartes Systems Group [1][6] - Despite these challenges, 67% of logistics providers view technology as essential for growth, with 55% identifying the implementation of new technologies as a key strategy to outperform competitors [1][6] Technology and Investment Trends - Automation and artificial intelligence (AI) are seen as critical for achieving long-term efficiency, compliance agility, and profitability, with 65% of respondents expecting AI to deliver the greatest value in the next two years [3][6] - The importance of rate management (20%) and regulatory compliance systems (30%) has increased, reflecting the need for automated, self-service capabilities and the complexities of evolving regulations [3][6] Industry Evolution - The role of technology in logistics has evolved from streamlining back-office operations to enabling digital customer engagement and intelligent automation, indicating a shift in IT investment priorities over the years [6] - The study surveyed 434 freight forwarders and customs brokers globally, providing insights into economic, regulatory, and industry trends that shape the logistics landscape [6] Competitive Landscape - Tailored services (33%) have surpassed high service (31%) as the primary competitive advantage, indicating a shift towards more customized and data-driven customer experiences [8] - There is a notable divergence in the perception of technology's importance based on company size, with 60% of large companies viewing it as fundamental to growth compared to only 27% of small companies [8]