Freight Technologies' Waavely Platform Sees Early Adoption Following Successful Launch

Company Overview - Freight Technologies Inc (Fr8Tech) is a technology company specializing in AI and machine learning-driven solutions to optimize and automate supply chain processes [4] - The company offers a diverse portfolio of proprietary platform solutions, including Fr8App for cross-border shipping, Fr8Now for LTL shipping, Fr8Fleet for enterprise capacity in Mexico, and Waavely for ocean freight management [4] - Fr8Tech's solutions are interconnected within a unified platform, featuring live pricing, real-time tracking, digital freight marketplace, brokerage support, transportation management, and committed capacity solutions [4] Waavely Platform Performance - Waavely, the digital ocean freight platform launched in July 2024, has secured four active customers within a short period, demonstrating strong early demand and adoption [1] - The platform's success highlights the shipping industry's need for greater control, agility, and transparency in ocean freight logistics [3] - Waavely is designed to improve operational efficiency, reduce costs, and provide real-time visibility for maritime logistics [3] Growth Strategy - Fr8Tech's marketing strategy focuses on increasing volume with existing clients and acquiring new customers for the Waavely platform [2] - The company is actively evolving and expanding Waavely's service capabilities based on feedback from existing customers and prospects [2] - Fr8Tech plans to scale the platform by bringing in additional ocean carriers, logistics providers, and shippers to meet growing industry demands [2] Industry Impact - The rapid adoption of Waavely underscores the shipping industry's demand for innovative solutions that address challenges in ocean freight logistics [3] - Fr8Tech's portfolio of solutions, including Waavely, aims to significantly improve matching and operational efficiency through advanced technologies [4]