HOUSTON, Sept. 11, 2024 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (Nasdaq: FRGT, "Fr8Tech" or the "Company"), a logistics management innovation company, offering a diverse portfolio of technology-driven solutions that address distinct challenges within the supply chain ecosystem, today announced its selection by Bayer CropScience LP ("Bayer"), a division of Bayer AG, as a key logistics provider for the 2025 season. Following a Request for Proposal process, Fr8App has been awarded six essential cross-bo ...

Landstar System, Inc. (LSTR) is currently mired in multiple headwinds, which, we believe, have made it an unimpressive investment option. Let's delve deeper. Weak Zacks Rank and Style Score:Landstar currently carries a Zacks Rank #4 (Sell). The company's current Value Score of D shows its unattractiveness. Image Source: Zacks Investment Research Unimpressive Price Performance:Shares of LSTR have lost 6.8% so far this year compared with the industry's decline of 4.6%. Earnings Expectations: Downbeat earnings ...

HOUSTON, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (Nasdaq: FRGT, "Fr8Tech" or the "Company"), a logistics management innovation company, offering a diverse portfolio of technology-driven solutions that address distinct challenges within the supply chain ecosystem, today announced its preliminary financial results for the first half of 2024, which concluded on June 30, 2024, as well as provided an update on the advancement of its software offerings. Fr8Tech achieved a notable revenue inc ...

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 freightmatching 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 an ...

The Zacks Transportation - Air Freight and Cargo industry is grappling with persistent supply-chain disruptions. A challenging macroeconomic environment is characterized by inflation-induced high interest rates and the resultant weakness in package volumes. Despite the abovementioned challenges, we believe that the space still has fuel left in the tank, especially for operators that target growth opportunities and operating efficiency initiatives. Even though economies are reopening, consumers' thirst for o ...

Dublin, Sept. 02, 2024 (GLOBE NEWSWIRE) -- The "Vertical Farming Market - Forecasts from 2024 to 2029" report has been added to ResearchAndMarkets.com's offering. The vertical farming market is estimated to grow from US$9.742 billion in 2024 to US$18.690 billion in 2029 at 13.92% (CAGR). The increasing need for food to feed the population will increase the demand for vertical farming since it is possible to grow fruits and vegetables all year given in different weather & climates at lower labor and raw mate ...

Strategic acquisition broadens Freightos' digital freight-booking vision by pairing Freightos' spot offering with Shipsta's best-of-breed tender management platform. Deal accelerates revenue growth and reaching breakeven with cash on hand. BARCELONA, Spain, Aug. 19, 2024 /PRNewswire/ -- Freightos (NASDAQ: CRGO) today announced the acquisition of Shipsta, a leading freight-tender procurement platform used by dozens of Global 1000 enterprises to procure freight at scale from leading freight forwarders and car ...

HOUSTON, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (NASDAQ:FRGT) ("Fr8Tech''), a technology company whose custom-developed Fr8App, an industry-leading freight-matching platform powered by AI and machine-learning and offers a real-time portal for B2B cross-border shipping and domestic shipping within the USMCA region, announced today that as part of its ongoing strategy to enhance Fr8Tech visibility with the institutional and retail investment community, it has engaged IGNITION Investor Re ...

HOUSTON, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (NASDAQ:FRGT) ("Fr8Tech''), a technology company whose custom-developed Fr8App, an 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, announces its integration with Tecnomotum, one of the largest data transmission companies for haulage in Mexico. Tecnomotum provides customers with technology and informat ...

The company's quarterly results highlight the resilience of the business. The trucking recession isn't over, but Old Dominion Freight Line (ODFL -4.65%) provided a reminder last month that it is a best-in-class operator able to navigate through the slowdown. Shares of Old Dominion climbed 19% in July, according to data provided by S&P Global Market Intelligence, after the company generated a better-than-expected second-quarter profit. Cost controls drive an earnings beat It has been a tough year for truckin ...