HOUSTON, Dec. 16, 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, announced that it has entered into a share purchase agreement to acquire JAK Solar Loans 1 Limited (“JAK Solar”). JAK Solar operates a scalable platform focused on the ownership and servicing of residential solar-related financial contracts, supported by established servicing arrangements and p ...

Core Insights - Freight Technologies, Inc. is advancing its transition towards a software- and AI-driven logistics model, enhancing automation and real-time intelligence across its solutions [2][5] - The company has improved its operating performance despite challenges such as elevated tariffs and cross-border uncertainties, focusing on product innovation and execution [2][5] - For the full year 2025, the company expects revenue between $12 million and $14 million, with an operating loss projected between $5.5 million and $6.5 million [5] Business Highlights - The AI Lab developed autonomous voice-agent capabilities for the Zayren platform, improving automation and accuracy [2] - Fleet Rocket's adoption is expanding, with more customers integrating the platform into their operations [2] - The company has established new tracking integrations to enhance real-time geolocation data for shippers and carriers across North America [7] Financial Highlights - In Q3 2025, the operating loss improved year-over-year by $0.4 million, from $1.7 million in Q3 2024 to $1.3 million in Q3 2025, driven by a higher-margin brokerage business and lower operating expenses [7] - Year-to-date operating loss improved by $1.2 million from $5.5 million in YTD 2024 to $4.3 million in YTD 2025 [7] - Revenue for Q3 2025 was $2.46 million, compared to $1.89 million in Q3 2024, while total costs and expenses increased from $3.59 million in Q3 2024 to $3.79 million in Q3 2025 [12] Cash Flow and Balance Sheet - As of September 30, 2025, the company reported cash and cash equivalents of $291,940, an increase from $204,032 at the end of 2024 [15] - Total assets increased to $12.20 million from $5.69 million at the end of 2024, reflecting improved working capital and capital structure management [15][16] - The company has strengthened its equity position and increased cash balances while lowering interest expenses [7]

Core Insights - Fr8Tech has entered into a multi-year service agreement with Fetch Compute to utilize their ASI-1 large language models, enhancing its AI-driven logistics solutions [1][2] - The integration of Fetch AI's technology will enable Fr8Tech to develop next-generation logistics AI systems, including autonomous task agents and real-time voice-enabled AI agents [2] Company Overview - Freight Technologies, Inc. (Fr8Tech) is a logistics management innovation company that offers a range of technology-driven solutions aimed at optimizing and automating supply chain processes [3] - The company's portfolio includes various platforms such as Fr8App for cross-border shipping, Fr8Now for less-than-truckload shipping, and Fleet Rocket for transportation management [3] Technology and Innovation - Fr8Tech plans to leverage the ASI-1 models to enhance multi-agent collaboration in freight procurement, scheduling, exception handling, and real-time communication [2] - The integration of advanced AI technologies is expected to significantly improve operational workflows for shippers, carriers, and brokers [2]

Core Insights - Freight Technologies, Inc. has launched Zayren, an AI-based pricing-prediction tool and carrier-matching platform aimed at enhancing logistics for cross-border and domestic freight shipments between Mexico and the United States [1][2][3] Product Features - Zayren offers real-time freight-rate predictions, allowing shippers and brokers to access instant pricing insights for both cross-border and domestic loads [2][5] - The platform includes an integrated AI agent that helps users identify available carriers for specific lanes, streamlining the freight procurement and matching process [2][3] - Key features of Zayren include real-time rate estimations, AI-powered carrier-matching agents, and exclusive access for Fleet Rocket TMS users during the initial rollout [5] Strategic Importance - The launch of Zayren is seen as a significant advancement in freight procurement and execution within the U.S.–Mexico corridor, providing tools for faster operations, cost reduction, and enhanced transparency [3] - The platform's machine-learning capabilities address price volatility in logistics, analyzing large volumes of data to deliver accurate, real-time rate predictions that improve over time [3] Future Developments - Freight Technologies plans to introduce voice-enabled AI agents with additional logistics functionalities in 2026, further expanding its AI-driven automation across the freight transportation ecosystem [3]

Core Insights - Freight Technologies, Inc. has enhanced its Fleet Rocket platform by integrating 23 new GPS providers, increasing the total to 54, positioning it as one of the most connected TMS platforms in North America [1][2][4] Company Overview - Freight Technologies, Inc. (Fr8Tech) is a logistics management innovation company that offers a diverse portfolio of technology-driven solutions aimed at optimizing and automating supply chain processes [5] - 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 as a scalable TMS solution [5] Product Development - The Fr8Radar module of Fleet Rocket aggregates real-time geolocation data from GPS hardware across trucks and trailers in the U.S. and Mexico, enhancing visibility and operational intelligence [3][4] - The integration of additional GPS systems is part of Fr8Tech's long-term strategy to create a highly connected and intelligent TMS solution [2][4] Strategic Partnerships - Fleet Rocket has established partnerships with leading GPS providers such as FourKites and Samsara, which strengthens its network and enhances its service offerings [3][4] Future Direction - The ongoing expansion of Fleet Rocket's capabilities reflects the company's commitment to building a digital backbone for modern freight operations in North America, focusing on transparency, security, and performance [4]

Core Insights - Freight Technologies, Inc. (Fr8Tech) is enhancing its logistics support for Amazon Mexico by integrating directly with its internal tracking system, which improves real-time visibility and operational oversight [1][2][3] Company Overview - Fr8Tech is a logistics management innovation company that offers a diverse portfolio of technology-driven solutions, including the Fr8App platform for cross-border shipping, Fr8Now for less-than-truckload shipping, and Waavely for ocean freight management [4] Recent Developments - Since 2023, Fr8Tech has been providing logistics services for Amazon Mexico, focusing on high-demand seasonal operations and cross-border shipments [2] - The integration of Fr8App with Amazon Mexico's logistics operations enhances geolocation services, allowing for precise unit location tracking and automated monitoring [2][3] Leadership Perspective - CEO Javier Selgas emphasized that the collaboration with Amazon Mexico showcases Fr8Tech's reliability and scalability, and the new integration elevates operational efficiency [3]

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].