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Freight Technologies Inc. Participates in Chardan's Transport Platform Tech Series
Fr8TechFr8Tech(US:FRGT) Newsfilterยท2024-06-14 13:00

Company Overview - Freight Technologies, Inc. (NASDAQ:FRGT) is a technology company focused on optimizing and automating the supply chain process through its Fr8App platform, which is designed for B2B cross-border shipping within the USMCA region [6][9] - Fr8App utilizes AI and machine learning to enhance the efficiency, transparency, and flexibility of the shipping process, providing real-time tracking, live pricing, and a digital freight marketplace [9][10] Industry Context - The company participated in Chardan's Transport Platform Tech Series, highlighting its mission to revolutionize cross-border shipping and address current industry challenges [6][7] - There is a growing trend of multinational companies investing in Mexico, making it the largest trading partner of the United States, which increases the demand for innovative shipping solutions like Fr8App [8] Leadership Insights - CEO Javier Selgas and CFO Don Quinby presented their vision for transforming traditional over-the-road (OTR) shipping processes, emphasizing the need for resilience and agility in the face of global challenges such as the COVID-19 pandemic and trade disputes [7][10] - The leadership team underscored the importance of having robust systems and technology to navigate risks in the shipping industry, positioning Fr8App as a solution to these challenges [10]