HOUSTON, Sept. 15, 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, continues to expand its role in supporting Amazon Mexico. Building on the expanded services announced in June 2024, Fr8Tech now integrates directly with Amazon Mexico’s internal tracking system, providing enhanced real-time visibility and operational oversight. Since 2023, Fr8Tech has been a l ...

Core Insights - Fr8Tech has signed a two-year contract with Salzillo to license its Fleet Rocket Transportation Management System (TMS) for logistics operations across North America [1][2] - The adoption of Fleet Rocket by Salzillo reflects a broader industry trend towards digital solutions in logistics, enhancing efficiency and scalability in cross-border trucking [2][3] - Fleet Rocket is designed to simplify domestic and international logistics management, providing a cost-effective solution for brokers and shippers [3] Company Overview - Fr8Tech is a technology company focused on logistics management, offering a range of AI and machine learning-powered solutions to optimize supply chain processes [5] - The company's product portfolio includes Fr8App for cross-border shipping, Fr8Now for less-than-truckload shipping, Fr8Fleet for enterprise clients, Waavely for ocean freight management, and Fleet Rocket for transportation management [5] - Fr8Tech aims to improve operational efficiency through interconnected solutions that enhance carrier and shipper matching [5] Industry Context - The logistics industry is increasingly adopting digital solutions to remain competitive, as evidenced by Salzillo's implementation of Fleet Rocket [2] - The TMS market is evolving to meet the complexities of cross-border logistics, with a focus on increasing shipment visibility and control [2][3] - Companies like Salzillo, with extensive experience in freight transportation, are pivotal in driving the digital transformation within the logistics sector [4]

Core Insights - Freight Technologies, Inc. (Fr8Tech) has secured Reckitt Benckiser de México as a client, highlighting its ability to attract globally recognized companies in the logistics sector [1][2][3] - The partnership with Reckitt Benckiser is seen as a validation of Fr8Tech's platform and its value proposition within the logistics ecosystem [3] - Fr8Tech is focused on expanding its technology and network to enhance cross-border and domestic shipping capabilities in the USMCA region [3] Company Overview - Fr8Tech offers a diverse portfolio of technology-driven solutions aimed at optimizing and automating supply chain processes, utilizing AI and machine learning [4] - The company's solutions include Fr8App for B2B cross-border shipping, Fr8Now for less-than-truckload shipping, Fr8Fleet for enterprise clients, Waavely for ocean freight management, and Fleet Rocket as a Transportation Management System [4] - Each product is interconnected within a unified platform to improve operational efficiency through features like live pricing, real-time tracking, and digital freight marketplace [4]

Core Insights - Freight Technologies, Inc. has signed a two-year contract with Accel Comercial, S.A. de C.V. to license its advanced Transportation Management System (TMS) software platform, Fleet Rocket [1][3] - Accel Logistica provides a wide range of logistics and supply chain solutions, serving various customers including multinational corporations and retailers across Mexico [2] - Fleet Rocket is designed to enhance operational efficiency, visibility, and communication within logistics networks, and will be utilized by Accel Logistica to improve its services [3] Company Overview - Freight Technologies, Inc. is a technology company focused on optimizing and automating supply chain processes through a diverse portfolio of AI and machine learning-powered solutions [4] - The company's offerings include Fr8App for cross-border shipping, Fr8Now for less-than-truckload shipping, Fr8Fleet for dedicated capacity services, Waavely for ocean freight management, and Fleet Rocket for TMS [4] - Each product is interconnected within a unified platform to enhance operational efficiency through innovative technologies such as live pricing and real-time tracking [4]

Core Viewpoint - Freight Technologies, Inc. has announced a one-for-four reverse share split of its ordinary shares, effective May 27, 2025, aimed at consolidating its share structure and potentially enhancing its stock price [1][2]. Share Structure Changes - The reverse split will reduce the number of outstanding ordinary shares from 9,145,074 to 2,286,269, with every four pre-split shares combining into one post-split share [2][4]. - The shares will continue to trade on the Nasdaq under the symbol "FRGT" but will have a new CUSIP number: G51413147 [2][4]. Fractional Shares Handling - No fractional shares will be issued; shareholders entitled to a fractional share will receive an additional share to round up to the next whole share if the fractional share is less than one-half [3]. - Fractional shares equal to less than one-half will be canceled [3]. Company Overview - Freight Technologies, Inc. specializes in logistics management and offers a range of technology-driven solutions, including the Fr8App platform for cross-border shipping, Fr8Now for less-than-truckload shipping, and other services aimed at optimizing supply chain processes [5]. - The company utilizes AI and machine learning to enhance operational efficiency and improve the matching of carriers and shippers [5].

Core Insights - Freight Technologies, Inc. (Fr8Tech) reported significant improvements in gross margins and cash flow from operations in Q1 2025, despite facing challenges in the macroeconomic environment [2][4] - The company launched Fleet Rocket, an advanced Transportation Management System (TMS), and introduced an AI-powered Tendering Bot to enhance its logistics solutions [2][7] - Fr8Tech is adjusting its 2025 revenue and margin outlook due to anticipated economic impacts from higher tariffs on US-Mexico trade, while remaining optimistic about recovering cross-border volumes through domestic shipments [5][6] Business Highlights - The company extended agreements with several multinational enterprises, indicating strong business relationships and market confidence [2] - Fleet Rocket was successfully launched, aimed at optimizing freight brokerage and shipping operations [7] - New features were added to existing platforms, including AI capabilities and mobile applications for dispatchers [7] Financial Highlights - Gross margin percentage increased by 7.0% year-over-year to 12.4% in Q1 2025 from 5.4% in Q1 2024, reflecting a focus on profitable routes [7] - Cash flow from operations improved by $0.2 million year-over-year to ($3.1) million in Q1 2025 from ($3.3) million in Q1 2024 [7] - Net loss decreased by $0.7 million year-over-year to ($1.6) million in Q1 2025 from ($2.3) million in Q1 2024, attributed to higher gross margins and lower operating expenses [7] 2025 Annual Outlook - The company is lowering the high-end of its revenue and margin outlook for 2025 due to expected economic impacts from higher tariffs on US-Mexico cross-border trade [5] - Fr8Tech believes it can recover most cross-border volume through domestic shipments, but remains cautious due to uncertainties in trade policy [5]

-Company issues additional $1 million of convertible notes from existing $20 million facility- -Continues advocacy for fair and free trade across the US-Mexico border- HOUSTON, May 12, 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 that it has issued two additional convertible notes for $1 million for purchasing Official Trump ("TRUMP") toke ...

Core Viewpoint - Freight Technologies, Inc. (Fr8Tech) is strategically investing in Official Trump Tokens ($TRUMP) as part of its digital asset strategy, marking it as one of the first public companies to do so [1][2]. Group 1: Financial Strategy - Fr8Tech has entered into an agreement for the issuance of convertible notes with a facility of up to USD $20 million, specifically for purchasing Official Trump Tokens [1]. - The company plans to initially issue notes amounting to USD $1 million in the first tranche, with the potential for an additional USD $19 million in subsequent drawdowns [2]. Group 2: Market Positioning - The acquisition of FET Tokens, valued at approximately USD $8 million, is part of Fr8Tech's strategy to diversify its crypto treasury alongside the purchase of $TRUMP tokens [2]. - Fr8Tech aims to promote productive commerce between the United States and Mexico, highlighting Mexico as the top trading partner for the U.S. [2]. Group 3: Company Overview - Fr8Tech is a technology company focused on optimizing and automating supply chain processes through AI and machine learning, offering a range of proprietary platform solutions [4]. - The company's portfolio includes various services such as Fr8App for cross-border shipping, Fr8Now for less-than-truckload shipping, and Fleet Rocket for transportation management [4].

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]