Core Insights - Freight Technologies Inc. (Fr8Tech) has enhanced its partnership with Amazon Mexico by integrating its logistics platform with Amazon's internal tracking system, improving real-time visibility in the supply chain [1][2] - The integration allows for precise geolocation and continuous movement tracking of shipments, automating monitoring and improving delivery accuracy [2][3] - Despite the partnership expansion, Fr8Tech faces financial challenges, reporting a significant earnings improvement but a 22% decline in revenue [3] Company Developments - Fr8Tech has been supporting Amazon Mexico since 2023, initially focusing on logistics for seasonal peaks and cross-border shipments [1] - The integration of Fr8App into Amazon's system is expected to elevate operational efficiency and showcase Fr8Tech's technology-driven solutions [3] - The company reported second-quarter earnings of $0.02 per share, a notable recovery from a loss of $24.66 per share a year prior, but revenue fell to $3 million [3] Market Reaction - Following the news, Fr8Tech's shares experienced a decline of 12.42%, trading at $1.305 [4]

HOUSTON, Sept. 15, 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, continues to expand its role in supporting Amazon Mexico. Building on the expanded services announced in June 2024, Fr8Tech now integrates directly with Amazon Mexico’s internal tracking system, providing enhanced real-time visibility and operational oversight. Since 2023, Fr8Tech has been a l ...

Core Insights - C.H. Robinson has launched a new cross-border freight consolidation service aimed at enhancing supply chain efficiency and reducing costs for customers [1] Group 1: Service Overview - The new service is designed to streamline the shipping process for cross-border freight, allowing for better coordination and management of logistics [1] - This service is expected to provide customers with improved visibility and control over their shipments, ultimately leading to faster delivery times [1] Group 2: Market Impact - The introduction of this service positions C.H. Robinson to better compete in the logistics market, particularly in the cross-border segment [1] - By consolidating freight, the company aims to reduce transportation costs, which can be a significant factor for businesses operating in international markets [1]

Group 1 - Old Dominion Freight Line (NASDAQ: ODFL) is positioned to recover from the current cyclical bottom due to a likely reversal in the interest rate cycle [1] - An expected pickup in industrial activity is anticipated to support volumes for the company [1] - Pricing remains strong, indicating a favorable environment for the company's operations [1]

Group 1 - The article emphasizes the importance of evaluating Class 1 railroads based on earning power, operating efficiency, and long-term profitability rather than just valuation metrics [1] - It highlights that sustained profitability, characterized by strong margins, stable and expanding free cash flow, and high returns on invested capital, is a more reliable driver of returns [1] - The author manages a portfolio on eToro, focusing on undervalued growth stocks and high-quality dividend growers, indicating a strategic investment approach [1] Group 2 - The author has a diverse academic background, which enhances both quantitative analysis and the interpretation of market narratives [1] - The investment philosophy is centered around ensuring financial freedom through wise asset management, rather than seeking to avoid work altogether [1]

[Executive Summary & Company Overview](index=1&type=section&id=Executive%20Summary%20%26%20Company%20Overview) [Second Quarter 2025 Performance Overview](index=1&type=section&id=Second%20Quarter%202025%20Performance%20Overview) Freight Technologies made progress in Q2 2025 by advancing its technological offerings and transitioning to a SaaS provider, achieving profitability through crypto investments and operational improvements despite trade challenges, while also completing initial sales of Fleet Rocket and enhancing Fr8App features - The company made progress on technological elements and continued its transition to a SaaS provider in logistics[3](index=3&type=chunk) - Achieved **profitability** during the quarter through crypto investments and ongoing operational improvements, despite higher tariffs and trade policy uncertainty impacting the brokerage business[3](index=3&type=chunk) - Completed initial sales of Fleet Rocket, a Transportation Management System (TMS) software solution, and released several new features to Fr8App[3](index=3&type=chunk) [Business Highlights](index=1&type=section&id=Business%20Highlights) Key business achievements in Q2 2025 included the initial enterprise sales of Fleet Rocket, significant feature enhancements for Fr8App and Fr8Fleet with deeper integration, and the creation of AI Logistics Worker agent prototypes in collaboration with the University of Monterrey and Fetch.ai - Completed initial enterprise sales of Fleet Rocket, a cost-effective Transportation Management System (TMS) software solution[6](index=6&type=chunk) - Released several new features and capabilities to Fr8App and Fr8Fleet, including deeper integration and electronic data interchange (EDI) connections[6](index=6&type=chunk) - Created initial prototypes of AI Logistics Worker agents in collaboration with the University of Monterrey and Fetch.ai to enhance coordination and efficiency[6](index=6&type=chunk) - Expanded cryptocurrency treasury with the purchase of Official Trump coins, building on the initial acquisition of FET tokens[6](index=6&type=chunk) [Financial Highlights](index=1&type=section&id=Financial%20Highlights) For Q2 2025, Freight Technologies achieved a net profit of $649 thousand with a 21.7% net profit margin, primarily due to its cryptocurrency treasury, with operating loss improving year-over-year, and for the six months ended June 30, 2025, the company increased its cash position, lowered interest expense, and improved its equity position Q2 2025 Financial Performance Highlights | Metric | Q2 2025 | Q2 2024 | | :-------------------------------- | :---------- | :---------- | | Net Profit (Loss) | $649 thousand | $(1.95) million | | Net Profit Margin | 21.7% | N/A | | Operating Loss | $(1.5) million | $(1.7) million | | Change in Operating Loss (YoY) | Improved by $0.2 million | - | - For the six months ended June 30, 2025, the company increased its cash position, lowered interest expense, and increased its equity position[6](index=6&type=chunk) [Company Profile and Strategy](index=2&type=section&id=Company%20Profile%20and%20Strategy) Freight Technologies is a technology company leveraging AI and machine learning to optimize supply chain processes, with a diverse portfolio including Fr8App, Fr8Now, Fr8Fleet, Waavely, and Fleet Rocket, all interconnected to enhance efficiency - Freight Technologies is a technology company offering a diverse portfolio of proprietary platform solutions powered by AI and machine learning to optimize and automate the supply chain process[7](index=7&type=chunk) - The company's solutions include Fr8App (OTR B2B cross-border shipping), Fr8Now (LTL shipping), Fr8Fleet (dedicated capacity), Waavely (ocean freight booking), and Fleet Rocket (TMS for logistics operators)[7](index=7&type=chunk) - Products are interconnected within a unified platform to connect carriers and shippers, improving matching and operational efficiency via innovative technologies like live pricing and real-time tracking[7](index=7&type=chunk) [2025 Annual Outlook](index=2&type=section&id=2025%20Annual%20Outlook) Freight Technologies has revised its full-year 2025 outlook, lowering revenue and operating margin projections due to a strategic shift towards higher-margin software sales and AI innovations, selective freight brokerage engagement, and the potential economic impact of higher tariffs on US-Mexico cross-border trade - The company is lowering its revenue and operating margin outlook for 2025 due to a focus on higher-margin software sales and AI innovations, selective customer engagement in freight brokerage, and potential economic impact of higher tariffs[7](index=7&type=chunk) Revised 2025 Full-Year Outlook | Metric | Revised Outlook | | :------------- | :---------------- | | Revenue | $13 million to $16 million | | Operating Loss | $(4.5) million to $(6.3) million | [Condensed Consolidated Financial Statements](index=3&type=section&id=Condensed%20Consolidated%20Financial%20Statements) [Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)](index=3&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations%20and%20Comprehensive%20Income%20(Loss)) For Q2 2025, the company reported a net income of $649,238, a significant improvement from a net loss of $(1,954,556) in Q2 2024, primarily driven by a substantial unrealized gain in cryptocurrency fair value, with revenue decreasing year-over-year for both the three and six-month periods, but operating loss improving Key Financial Performance Indicators (Q2 & H1 2025 vs. 2024) | Metric | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--------------------------------------- | :------------------------------- | :------------------------------- | :----------------------------- | :----------------------------- | | Revenue | $2,989,910 | $3,837,842 | $7,090,550 | $8,125,602 | | Operating Loss | $(1,470,971) | $(1,704,951) | $(2,935,072) | $(3,788,697) | | Net Income (Loss) | $649,238 | $(1,954,556) | $(952,808) | $(4,211,006) | | Basic Net Income (Loss) Per Share | $0.38 | $(24.66) | $(0.85) | $(63.75) | | Unrealized gain (loss) in fair value of cryptocurrency | $2,427,754 | - | $2,427,754 | - | - Operating loss improved from **$(1.7) million** in Q2 2024 to **$(1.5) million** in Q2 2025, and from **$(3.8) million** in H1 2024 to **$(2.9) million** in H1 2025[12](index=12&type=chunk) [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of June 30, 2025, total assets significantly increased to $17.06 million from $5.69 million at December 31, 2024, primarily driven by the acquisition of cryptocurrencies valued at $8.38 million, with the company also transitioning from a stockholders' deficit to positive equity of $8.78 million Key Balance Sheet Items (June 30, 2025 vs. December 31, 2024) | Metric | June 30, 2025 (unaudited) | December 31, 2024 (audited) | | :-------------------------------- | :-------------------------- | :-------------------------- | | Total Assets | $17,060,367 | $5,690,245 | | Cash and cash equivalents | $586,658 | $204,032 | | Accounts receivable, net | $5,610,917 | $3,533,330 | | Cryptocurrencies | $8,376,410 | - | | Total Liabilities | $8,276,987 | $6,345,005 | | Total Stockholders' Equity (Deficit) | $8,783,380 | $(654,760) | - The company's equity position significantly improved from a deficit of **$(654,760)** at December 31, 2024, to positive equity of **$8,783,380** at June 30, 2025[14](index=14&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) For the six months ended June 30, 2025, net cash used in operating activities slightly increased, while net cash used in investing activities significantly rose due to cryptocurrency purchases, with net cash provided by financing activities substantially increasing, leading to a net increase in cash and cash equivalents, reversing the prior year's decrease Key Cash Flow Activities (H1 2025 vs. H1 2024) | Cash Flow Activity | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :----------------------------------- | :----------------------------- | :----------------------------- | | Net cash used in operating activities | $(5,039,217) | $(4,857,126) | | Net cash used in investing activities | $(984,831) | $(173,879) | | Net cash provided by financing activities | $6,407,563 | $3,923,593 | | Net increase (decrease) in cash and cash equivalents | $383,515 | $(1,107,412) | - Investing activities in H1 2025 included significant purchases of cryptocurrencies totaling **$2,748,777**, partially offset by sales of **$1,920,064**[17](index=17&type=chunk) - Financing activities were bolstered by proceeds from notes payable and the issuance of Series A4 Shares, contributing to a net increase in cash[17](index=17&type=chunk) [Additional Information](index=2&type=section&id=Additional%20Information) [Forward-Looking Statements](index=2&type=section&id=Forward-Looking%20Statements) This section serves as a standard disclaimer, cautioning readers that actual results may differ from expectations due to significant risks and uncertainties, highlighting factors such as Nasdaq listing maintenance, regulatory changes, economic conditions, and risks related to projected financial information and business growth - The press release includes forward-looking statements, and actual results may differ from expectations due to significant risks and uncertainties[8](index=8&type=chunk)[9](index=9&type=chunk) - Factors that may cause differences include the inability to obtain or maintain Nasdaq listing, changes in applicable laws or regulations, adverse economic/business factors, and risks related to projected financial information and business growth[9](index=9&type=chunk) - Readers are cautioned not to place undue reliance on forward-looking statements, and the company does not undertake any obligation to publicly update or revise them[10](index=10&type=chunk) [Investor Relations Contact](index=6&type=section&id=Investor%20Relations%20Contact) For investor inquiries, individuals can contact Jason Finkelstein at IGNITION Investor Relations via the provided email address - Investor relations contact: **Jason Finkelstein** at IGNITION Investor Relations[18](index=18&type=chunk) - Email for investor inquiries: **investors@fr8technologies.com**[18](index=18&type=chunk)

Core Insights - Freight Technologies, Inc. (Fr8Tech) reported progress in its transition to a SaaS provider in logistics, achieving profitability in Q2 2025 despite challenges from higher tariffs and trade policy uncertainty [2][5] - The company completed initial sales of its Fleet Rocket TMS software and improved operating margins in its brokerage business, indicating a focus on technology-driven solutions [2][6] - Fr8Tech's revised outlook for 2025 reflects a shift towards higher margin software sales and AI innovations, leading to a reduction in revenue and operating margin expectations [5] Business Highlights - Fr8Tech launched Fleet Rocket, a cost-effective TMS software solution, and enhanced Fr8App with new features [6] - The company developed AI Logistics Worker agents in collaboration with the University of Monterrey to improve operational efficiency [6] - Fr8Tech expanded its cryptocurrency treasury, indicating a strategic investment approach [6] Financial Highlights - Fr8Tech achieved a net profit of $649 thousand with a net profit margin of 21.7% for Q2 2025, a significant improvement from a net loss of $1.95 million in Q2 2024 [6][12] - Operating loss improved from -$1.7 million in Q2 2024 to -$1.5 million in Q2 2025, attributed to higher margin brokerage operations and reduced expenses [6][12] - Revenue for Q2 2025 was reported at approximately $2.99 million, down from $3.84 million in Q2 2024 [12] Annual Outlook - The company anticipates lower revenue and operating margin for 2025 due to its strategic focus on software sales and the economic impact of tariffs on US-Mexico trade [5] - The revised revenue outlook for 2025 is projected between $13 million and $16 million, with an operating loss expected between -$4.5 million and -$6.3 million [7]

[PART I FINANCIAL INFORMATION](index=2&type=section&id=PART%20I%20FINANCIAL%20INFORMATION) [Item 1. Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) Unaudited Q2 2025 financials show positive equity and net income from crypto gains, despite operational losses and 'going concern' warning [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) June 30, 2025 balance sheet shows total assets at **$17.1 million**, driven by **$8.4 million** in cryptocurrencies, shifting stockholders' equity to positive **$8.8 million** Condensed Consolidated Balance Sheet Highlights (in USD) | Financial Metric | June 30, 2025 (unaudited) | December 31, 2024 (audited) | | :--- | :--- | :--- | | **Total Current Assets** | $8,097,136 | $5,049,546 | | Cryptocurrencies | $8,376,410 | $0 | | **Total Assets** | **$17,060,367** | **$5,690,245** | | **Total Current Liabilities** | $8,276,987 | $6,345,005 | | **Total Liabilities** | **$8,276,987** | **$6,345,005** | | **Total Stockholders' Equity (Deficit)** | **$8,783,380** | **($654,760)** | - The company's financial position shifted from a stockholders' deficit of **$654,760** at the end of 2024 to a positive stockholders' equity of **$8,783,380** by June 30, 2025[11](index=11&type=chunk) - A new asset class, Cryptocurrencies, valued at **$8,376,410**, was added to the balance sheet during the first half of 2025[11](index=11&type=chunk) [Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations%20and%20Comprehensive%20Income%20%28Loss%29) Q2 2025 saw a net income of **$649,238** due to a **$2.4 million** unrealized gain on cryptocurrency, despite revenue decline and operating loss, narrowing the six-month net loss Statement of Operations Summary (in USD) | Metric | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | :--- | :--- | | **Revenue** | $2,989,910 | $3,837,842 | $7,090,550 | $8,125,602 | | **Operating Loss** | ($1,470,971) | ($1,704,951) | ($2,935,072) | ($3,788,697) | | Unrealized gain on cryptocurrency | $2,427,754 | $0 | $2,427,754 | $0 | | **Net Income (Loss)** | **$649,238** | **($1,954,556)** | **($952,808)** | **($4,211,006)** | | **Basic EPS** | $0.38 | ($24.66) | ($0.85) | ($63.75) | [Condensed Consolidated Statements of Changes in Stockholders' Equity (Deficit)](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Changes%20in%20Stockholders%27%20Equity%20%28Deficit%29) Stockholders' equity dramatically improved from a **$654,760** deficit to **$8.78 million** positive equity by June 30, 2025, driven by preferred stock issuances for cash and cryptocurrency - Stockholders' equity increased from a deficit of **$(654,760)** on December 31, 2024, to a positive balance of **$8,783,380** on June 30, 2025[16](index=16&type=chunk) - Key financing activities in the first six months of 2025 included issuing preferred stock for **$3.0 million** in cash and **$5.2 million** in cryptocurrency[16](index=16&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Six months ended June 30, 2025, saw **$5.04 million** net cash used in operations and **$0.98 million** in investing, offset by **$6.41 million** from financing, resulting in a cash increase Cash Flow Summary (in USD) | Cash Flow Activity | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | Net cash used in operating activities | ($5,039,217) | ($4,857,126) | | Net cash used in investing activities | ($984,831) | ($173,879) | | Net cash provided by financing activities | $6,407,563 | $3,923,593 | | **Net increase (decrease) in cash** | **$383,515** | **($1,107,412)** | | **Cash at end of period** | **$586,658** | **$460,576** | [Notes to Unaudited Financial Statements](index=9&type=section&id=Notes%20to%20Unaudited%20Financial%20Statements) Notes detail the company's supply chain platform business, 'going concern' warning due to **$45.9 million** deficit, significant customer concentration, and **$8.3 million** cryptocurrency acquisition - The company's business focuses on AI and machine learning-powered platform solutions to optimize the supply chain process, including services for over-the-road, ocean freight, and less-than-truckload shipping[23](index=23&type=chunk) - Management has determined that the company's liquidity condition raises substantial doubt about its ability to continue as a going concern, citing an accumulated deficit of **$(45,869,587)** and negative working capital of **$(179,851)**[24](index=24&type=chunk)[27](index=27&type=chunk) - The company has significant customer concentration risk, with one customer accounting for **48%** of revenues for the six months ended June 30, 2025, and **69%** of accounts receivable at that date[34](index=34&type=chunk)[35](index=35&type=chunk) - The company acquired significant cryptocurrency holdings in 2025, including **11.7 million FET tokens** and **45.7 thousand Official Trump coins**, with a total fair market value of **$8,376,410** as of June 30, 2025[80](index=80&type=chunk)[81](index=81&type=chunk)[84](index=84&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=24&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses a **13%** revenue decrease, narrowed operating loss due to cost cuts, ongoing 'going concern' warning, and recent capital raises including a **$20 million** crypto facility - Revenue for the six months ended June 30, 2025, decreased by **13%** year-over-year to **$7.1 million**, primarily due to lower dedicated capacity revenue and a stronger US dollar[155](index=155&type=chunk) - Operating expenses were reduced, with compensation and employee benefits down **16%** due to headcount reductions, contributing to a smaller operating loss compared to the prior year[157](index=157&type=chunk) - The company's liquidity condition raises substantial doubt about its ability to continue as a going concern, with an accumulated deficit of **$45.9 million** and negative working capital of **$179,851** as of June 30, 2025[169](index=169&type=chunk)[172](index=172&type=chunk) - Recent financing activities include raising **$3.0 million** from Series A4 preferred shares in February 2025, establishing a **$20 million** convertible note facility in April 2025 for purchasing cryptocurrency, and raising an additional **$0.5 million** in August 2025[165](index=165&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=30&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) This section is not applicable to the company for this reporting period - The company has indicated that quantitative and qualitative disclosures about market risk are not applicable[182](index=182&type=chunk) [Item 4. Controls and Procedures](index=30&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded disclosure controls and procedures were effective as of June 30, 2025, with no material changes to internal control over financial reporting during the quarter - Based on an evaluation, the Chief Executive Officer and Chief Financial Officer concluded that the company's disclosure controls and procedures were effective as of June 30, 2025[183](index=183&type=chunk) - No changes occurred in the internal control over financial reporting during the quarter that have materially affected, or are reasonably likely to materially affect, these controls[184](index=184&type=chunk) [PART II OTHER INFORMATION](index=31&type=section&id=PART%20II%20OTHER%20INFORMATION) [Item 1. Legal Proceedings](index=31&type=section&id=Item%201.%20Legal%20Proceedings) The company reports no material pending legal proceedings or significant developments in existing litigation during the six months ended June 30, 2025 - As of June 30, 2025, the Company is not a party to any material pending legal proceedings[186](index=186&type=chunk) [Item 1A. Risk Factors](index=31&type=section&id=Item%201A.%20Risk%20Factors) There have been no material changes to the risk factors previously disclosed in the company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024 - No material changes from the risk factors disclosed in the 2024 Annual Report on Form 10-K are reported[187](index=187&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=31&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company did not sell any previously undisclosed unregistered equity securities or repurchase ordinary shares during the first six months of 2025 - The company did not sell any unregistered equity securities during the six months ended June 30, 2025, that were not previously disclosed in a Form 8-K[188](index=188&type=chunk) [Item 3. Defaults Upon Senior Securities](index=31&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) The company reports no defaults upon senior securities - There were no defaults upon senior securities[190](index=190&type=chunk) [Item 4. Mine Safety Disclosures](index=31&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This section is not applicable to the company - This item is not applicable[191](index=191&type=chunk) [Item 5. Other Information](index=31&type=section&id=Item%205.%20Other%20Information) No information required for Form 8-K was left unreported, and no directors or officers adopted or terminated Rule 10b5-1 trading plans during the quarter - No information was required to be disclosed in a Current Report on Form 8-K during the quarter but was not reported[192](index=192&type=chunk) [Item 6. Exhibits](index=32&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed, including organizational documents, securities agreements, and officer certifications - Exhibits filed include the Amended and Restated Memorandum and Articles of Association, a Securities Purchase Agreement from April 2025, and officer certifications pursuant to the Sarbanes-Oxley Act[194](index=194&type=chunk)

Core Viewpoint - The Zacks Transportation—Air Freight and Cargo industry is facing significant challenges due to ongoing supply-chain disruptions, high inflation, and weaker demand, leading to reduced package volumes [1][4]. Industry Overview - The industry comprises companies providing air delivery and freight services, with many offering specialized transportation and logistics solutions. The health of these companies is closely tied to the overall economy, with major players like FedEx transporting millions of packages daily [3]. Key Trends - **Economic Uncertainty & Tariff Concerns**: The industry is affected by market volatility and tariff uncertainties, particularly with China, which may lead to higher costs and dampen consumer spending [4]. - **Demand Slowdown**: A decline in shipping demand, especially in Asia and Europe, is negatively impacting key players like UPS and FedEx, leading to withheld earnings and revenue forecasts [5]. - **Strong Financial Returns for Shareholders**: Companies are increasing dividends and buybacks to reward shareholders, indicating financial strength. UPS raised its quarterly dividend to $1.64 per share, while FedEx increased its dividend by 5.1% to $1.45 [6]. Industry Performance - The Zacks Air Freight and Cargo industry ranks 202, placing it in the bottom 18% of 245 Zacks industries, indicating poor near-term prospects [7][8]. - The industry has underperformed the S&P 500, decreasing by 26.5% over the past year compared to the S&P 500's increase of 17.7% [9]. Current Valuation - The industry is currently trading at an enterprise value-to-EBITDA (EV/EBITDA) ratio of 7.97X, significantly lower than the S&P 500's 17.45X and the sector's 9.37X [12]. Stocks to Watch - **FedEx (FDX)**: The company is focused on rewarding shareholders through dividends and buybacks, with a solid liquidity position and cost-cutting efforts driving its bottom line. FDX has surpassed earnings estimates in two of the last four quarters [16][17]. - **GXO Logistics (GXO)**: The company is enhancing its logistics capabilities, benefiting from increased e-commerce and automation. GXO has consistently surpassed earnings estimates, with shares rising 9.7% over the past year [19].

Core Viewpoint - Full Truck Alliance Co. Ltd. is increasing its freight brokerage service fees to reduce reliance on government grants, which may lead to a decline in transaction volume and revenue, as well as an increase in costs [2]. Company Overview - Full Truck Alliance Co. Ltd. is a leading digital freight platform that connects shippers with truckers, offering various freight matching services, including freight listing, brokerage, and transaction services [3]. - The company aims to enhance logistics competitiveness through technology, improve efficiency across the value chain, and reduce its carbon footprint [3].