Amazon Mexico Expands Fr8Tech Partnership For Real-Time Tracking

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]