Fr8Tech(FRGT)

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Knight-Swift Faces Pressure With Lack Of Freight Flows Amid Tariffs, Analyst Downgrades Stock
Benzinga· 2025-04-01 17:58
BofA Securities analyst Ken Hoexter downgraded the shares of Knight-Swift Transportation Holdings Inc KNX on Tuesday from Buy to Neutral and lowered the price forecast from $66.00 to $46.00. The revision reflects a reduced valuation multiple of 28x, down from 33x, slightly exceeding the company's historical range of 14x-26x. The stock currently trades at 26.4x the 2025 EPS estimate, which may face additional downward pressure as forecasts decline, said the analyst. The analyst's earnings estimates for KNX h ...
Freight Technologies Enters into Securities Purchase Agreement with Fetch Compute to Acquire Tokens in One of the Largest Decentralized Artificial Intelligence Computing Networks
Newsfilter· 2025-04-01 13:30
Core Insights - Freight Technologies, Inc. has entered into a Securities Purchase Agreement to acquire $5.2 million of FET Tokens from Fetch Compute, exchanging them for 2,311,248 Series A4 preferred shares [1][2] - The acquisition of FET Tokens aligns with the company's vision for scalable and secure AI solutions in the logistics market, enhancing its competitive advantage [2][3] - The CEO emphasized that this acquisition strengthens the company's commitment to logistics innovation and diversifies its balance sheet, aiming to empower clients with real-time visibility and supply chain transparency [3] Company Overview - Freight Technologies, Inc. is a technology company focused on optimizing and automating supply chain processes through AI and machine learning [4] - The company's portfolio includes various solutions such as Fr8App for cross-border shipping, Fr8Now for less-than-truckload shipping, and Fleet Rocket for transportation management [4] - The interconnected products aim to improve operational efficiency in logistics through innovative technologies like live pricing and real-time tracking [4] Strategic Partnerships - The acquisition of FET Tokens creates asset diversification and establishes a crypto treasury, allowing the company to introduce cryptocurrency into the Over-the-Road (OTR) carrier and logistics markets [7] - Freight Technologies plans to collaborate with Fetch.AI to further develop blockchain and AI technologies within the logistics sector [7]
Landstar System Continues to Grapple With Weak Freight Market
ZACKS· 2025-03-24 18:40
Landstar System, Inc. (LSTR) is currently mired in multiple headwinds, which, we believe, have made it an unimpressive investment option.LSTR is being hurt by reduced demand for freight services and increased truck capacity. Due to the demand weakness, shipment volumes and rates are low. The top line has been suffering mainly due to the below-par performance of its key segment, namely, truck transportation. Revenues are likely to be weak in the future as well. LSTR expects first-quarter 2025 truckloads to d ...
Union Pacific Strong on Dividends Despite Freight Downturn
ZACKS· 2025-03-24 12:05
Union Pacific’s (UNP) efforts to reward its shareholders through dividends and buybacks are encouraging. However, soft freight revenues are concerning as they are hurting growth.Factors Favoring UNPUNP is focused on rewarding its shareholders. Strong free cash flow supports the shareholder-friendly activities at Union Pacific. Free cash flow in 2023 was $1.54 billion. In 2023, the company returned $3.9 billion to its shareholders. Union Pacific hiked dividends twice in 2021. In May 2022, UNP upped its quart ...
Old Dominion Freight Line: A Strong Player in a Competitive Trucking Market
The Motley Fool· 2025-03-11 23:00
Group 1 - The Motley Fool has positions in and recommends Old Dominion Freight Line [1] - The Motley Fool recommends long January 2026 $195 calls and short January 2026 $200 calls on Old Dominion Freight Line [1]
Freight Technologies Launches AI Tendering Bot to Revolutionize and Streamline Load Tendering Process
Globenewswire· 2025-03-04 14:05
AI-Driven Innovation to Automate, Optimize, and Accelerate Load Tendering for Shippers and BrokersHOUSTON, March 04, 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 the launch of its advanced AI Tendering Bot, an innovative solution designed to automate and streamline the load tendering process for shippers and freight brokers. This upgrade u ...
Old Dominion Freight Line: Just Getting Started
Seeking Alpha· 2025-02-28 15:14
Group 1 - Warren Buffett shared the story of Jack Taylor, an entrepreneur who started his business in his 40s and achieved significant success [1] - The emphasis on compounding knowledge and the importance of perseverance in investing was highlighted [1] - The quote "To finish first, you must first finish" reflects a strategic mindset in investment and business [1]
2 Air-Freight & Cargo Stocks in Focus Despite Industry Hurdles
ZACKS· 2025-02-27 15:00
Industry Overview - The Zacks Transportation—Air Freight and Cargo industry is facing ongoing supply-chain disruptions, influenced by high inflation, elevated interest rates, and weaker demand leading to reduced package volumes [1][4] - Companies in this industry provide air delivery and freight services, with many offering specialized transportation and logistics solutions [3] Key Trends - Economic uncertainty and tariff concerns are negatively impacting the industry, with inflation causing worries about delayed rate cuts by the Federal Reserve, which could harm economic health [4] - A significant decline in shipping demand, particularly in Asia and Europe, is affecting volumes, with UPS projecting an 8.5% decrease in average daily volumes for 2025 compared to 2024 [5][6] Financial Performance - UPS expects consolidated revenues of $89 billion for 2025, below the Zacks Consensus Estimate of $94.6 billion, and plans to reduce business with its largest customer by 50% [6] - UPS's board raised its quarterly cash dividend to $1.64 per share, with expected dividend payments of $5.5 billion and share repurchases of $1 billion for 2025, indicating strong financial returns for shareholders [7] Market Position - The Zacks Air Freight and Cargo industry currently holds a Zacks Industry Rank of 222, placing it in the bottom 10% of 246 Zacks industries, reflecting a negative earnings outlook [8][10] - The industry has underperformed the S&P 500 and the broader Transportation sector, decreasing by 12.4% over the past year compared to a 6% decline in the sector and an 18.5% gain in the S&P 500 [11] Valuation Metrics - The industry is trading at a trailing 12-month EV/EBITDA of 8.9X, significantly lower than the S&P 500's 17.33X and the sector's 11.07X [13] Notable Companies - FedEx Corporation (FDX) and Air Transport Services Group (ATSG) are highlighted as resilient companies likely to navigate current challenges, with FedEx actively rewarding shareholders through dividends and buybacks [2][16] - ATSG is modernizing and expanding its fleet, expecting to operate 149 aircraft by the end of 2024, and is also engaging in shareholder buybacks [21]
Freight Technologies Announces Updates to its Board of Directors
Globenewswire· 2025-02-21 14:32
Core Insights - Freight Technologies, Inc. has appointed two new independent Board directors, Leilei Nie and Andres Gonzalez, effective February 14, 2025, following the resignations of Paul Freudenthaler and William Samuels [1][2] - The resignations of Freudenthaler and Samuels were not due to any disputes with the Company or the Board, and Freudenthaler will continue to serve as secretary of the Board [1][2] Summary of New Board Members - Leilei Nie brings over 17 years of experience in financial services and fintech, having held significant roles at X Star Technology, Fidelity Fund Management, and Accenture, among others [3] - Andres Gonzalez has served as CEO of Futura Reserva and has extensive experience in real estate project development, having managed projects valued over $1 billion during his tenure at Capital Natural [4] Company Overview - Freight Technologies, Inc. (Nasdaq: FRGT) is a logistics management innovation company that offers a diverse portfolio of technology-driven solutions aimed at optimizing and automating the supply chain [5] - The company's solutions include the Fr8App platform for cross-border shipping, Fr8Now for less-than-truckload shipping, and various other services designed to enhance operational efficiency through advanced technologies [6]
Freight Technologies Launches Transportation Management System for USMCA Region
PYMNTS.com· 2025-02-14 19:27
Core Insights - Freight Technologies has launched a new transportation management system (TMS) named Fleet Rocket, aimed at brokers, shippers, and logistics operators in the USMCA region to enhance domestic and cross-border logistics management [1][2] - The TMS was developed in response to customer demand for advanced tools to navigate the complexities of nearshoring and cross-border freight [2] - Fleet Rocket includes features such as compliance, customs documentation, shipment visibility, fleetwide management, real-time tracking, and customizable functionalities [3][4] Features and Benefits - The system offers an ocean freight module that encompasses container booking, tracking, compliance, document management, and analytics for North American ports [3] - Fleet Rocket provides API connections for real-time tracking and operational control, compatibility with ERP and finance systems, and reporting and analytics for data-driven decision-making [4] - The TMS aims to deliver value through reduced costs and risks, improved decision-making, operational efficiency, and enhanced supply chain management performance [5] Industry Trends - The digitization of the freight industry is a global trend, with firms seeking digital solutions for faster booking, invoicing, and payments [6] - Freight Technologies previously introduced a digital freight-matching platform for less-than-truckload (LTL) services in Mexico, utilizing machine learning algorithms for matching shippers with carriers [6] - In February 2023, the company updated its platform to assist commercial trucking firms in leveraging logistics technology for cross-border shipping [7]