Freight Technologies Inc. FRGT Archives - Page 6 of 11

MondayMay 15, 2023 11:15 am

QualityStocksNewsBreaks – Freight Technologies Inc. (NASDAQ: FRGT) Announces Preliminary Q1 2023 Revenue

Freight Technologies (NASDAQ: FRGT) (“Fr8Tech”) is a technology company offering its custom-developed Fr8App, an industry-leading freight-matching platform powered by AI and machine-learning that offers a real-time portal for B2B cross-border and domestic shipping within the USMCA region. The company today announced first quarter 2023 revenue for the quarter ended March 31, 2023. Fr8Tech reported preliminary revenue of $3.3 million for Q1 2023, down from a strong $5.3 million for Q1 2022. “We had a very good Q1 a year ago. In contrast, this last quarter we had difficulty with securing capacity in a very tight carrier market during Q1 of…

MondayMay 15, 2023 9:00 am

Freight Technologies Inc. (NASDAQ: FRGT) Secures Participation of Whirlpool on its Platform, Cementing its Position as a Trusted Logistics Partner

Freight Technologies (Fr8Tech) just secured the participation of Whirlpool, one of the world’s largest home appliance manufacturers, in what the CEO, Javier Selgas, regards as a “huge milestone” for the company This move reflects Fr8Tech’s commitment to creating innovative logistics solutions and pushing the envelope concerning improving B2B cross-border shipping and domestic shipping within the USMCA region Rafael Flores, the Sr. Manager of Logistics at Whirlpool Mexico, lauded Fr8Tech’s offering, citing how it “aligned with Whirlpool’s vision of improving life at home and being closer to our customers” Mr. Selgas expressed his optimism about the new engagement, noting how confident…

MondayMay 08, 2023 2:00 pm

QualityStocksNewsBreaks – Freight Technologies Inc. (NASDAQ: FRGT) Discontinues Alliance with Mexico-Based Freight Company

Freight Technologies (NASDAQ: FRGT), a technology company whose custom-developed Fr8App offers a real-time portal for business-to-business (“B2B”) cross-border shipping and domestic shipping within the USMCA region, has discontinued its alliance with Zaro Transportation. Fr8App is an industry-leading freight-matching platform powered by AI and machine-learning. “At Fr8Tech, we entered into the strategic alliance with Zaro expecting to be able to reach a certain level of sales at margins that we expected would be lower than our other business segments but at acceptable levels,” said Fr8App CEO Javier Selgas in the press release. “Our alliance with Zaro enhanced Zaro’s ability to provide…

MondayMay 08, 2023 10:30 am

Freight Technologies Inc. (NASDAQ: FRGT) Rollout of Fr8Now Platform Presents Game-changing Freight-matching Solution for Mexican Commerce

Freight Technologies, also known as Fr8Tech, has added to its house of brands with the introduction of Fr8Now, a platform focused on helping Mexico’s shippers to optimize cargo space when carrying multiple LTL loads Fr8Tech is positioning itself to be a cross-border go-to solution within North America for getting OTR commerce from point A to point B as efficiently and cost-effectively as possible The company’s flagship offering, Freight App, Inc. (or Fr8App), is a cloud-based freight-matching platform for cross-border and domestic shipping between the United States and partners within the United States-Mexico-Canada Agreement (“USMCA”) trade area Market analyst recommendations for…

FridayApr 28, 2023 1:30 pm

QualityStocksNewsBreaks – Freight Technologies Inc. (NASDAQ: FRGT) Secures Additional Funding to Support Growth

Freight Technologies (NASDAQ: FRGT) (“Fr8Tech”) is a technology company with a custom-developed Fr8App, an industry-leading freight-matching platform powered by AI and machine-learning, offering a real-time portal for B2B cross-border and domestic shipping within the USMCA region. The company today announced an increase in its convertible note facility by $3.3 million to $9.9 million in addition to renewing its collateralized lending facility for $5.0 million. Fr8Tech agreed to amend its loan and security agreement with Capital Foundry and extend it to 2025, with the amendment maintaining the revolving line of credit at $5.0 million and including additional types of collateral in…

TuesdayApr 25, 2023 12:45 pm

QualityStocksNewsBreaks – Freight Technologies Inc.’s (NASDAQ: FRGT) Fr8App Named BeatBox’s No. 1 Carrier for Cross Border Shipments

Freight Technologies (NASDAQ: FRGT) (“Fr8Tech”) is a technology company whose custom-developed Fr8App, an industry-leading freight-matching platform powered by AI and machine-learning, offers a real-time portal for B2B cross-border shipping and domestic shipping within the USMCA region. The company today announced that its Fr8App was named BeatBox Beverages’ number one carrier for cross-border shipments. “At Fr8Tech, we are committed to providing our clients with the best possible service and solutions for their shipping needs. Our business relationship with BeatBox Beverages is a testament to the power of our technology and the expertise of our team,” said Javier Selgas, CEO of Fr8Tech.…

ThursdayApr 20, 2023 12:45 pm

QualityStocksNewsBreaks – Freight Technologies Inc. (NASDAQ: FRGT) Differentiated with Focus on Tech-Driven Solutions, Outstanding Customer Service

Freight Technologies (NASDAQ: FRGT) (“Fr8Tech”) recently acknowledged an endorsement by leading investment and research firm Chardan Capital Research that included a buy rating for the company at a price target of $2.00. “We are pleased to be able to share the results of Chardan’s independent analysis of our company’s growth and potential. Our focus on technology-driven solutions and outstanding customer service has allowed us to differentiate ourselves in the market, and we will continue to build on that success,” a recent article quotes Fr8Tech CEO Javier Selgas as saying. “Fr8Tech has built a suite of technology-based solutions to help automate…

ThursdayApr 13, 2023 12:00 pm

QualityStocksNewsBreaks – Freight Technologies Inc. (NASDAQ: FRGT) Receives NASDAQ Notification, Has Regained Compliance

Freight Technologies (NASDAQ: FRGT), a technology company developing solutions to optimize and automate the supply chain process, has regained compliance with NASDAQ listing requirement. The company received written notification in October 2022 that it no longer complied with NASDAQ’s minimum bid price requirement for continued listing on the Nasdaq Capital Market; the reason for the notification was the company’s closing bid price ordinary shares had fallen below $1 per share for 30 consecutive business days. According to NASDAQ guidelines, Freight Technologies had 180 calendar days to comply with the regulations, which it did by implementing a 10:1 reverse split of…

ThursdayApr 06, 2023 12:30 pm

QualityStocksNewsBreaks – Freight Technologies Inc. (NASDAQ: FRGT) Notes Record Number of New Shipper Clients Onboarded in March

Freight Technologies (NASDAQ: FRGT), a technology company offering its custom-developed Fr8App, an industry-leading freight-matching platform that offers a B2B cloud-based solution for cross-border and domestic shipping within the USMCA region, saw a record increase in the number of new shipper clients added during March 2023. The company reported that the increase comes after a “challenging first quarter” and include clients from an array of sectors, including automotive, beverage, motorcycles and consumer goods. According to the announcement, the company is reporting $4.4 million in quarterly revenue for Q4 2022 with YTD 2022 revenue totaling $25.9 million, an increase of 20.6% from the…

FridayMar 31, 2023 11:45 am

QualityStocksNewsBreaks – Freight Technologies Inc. (NASDAQ: FRGT) Calls Whirlpool Contract a ‘Significant Accomplishment’

Freight Technologies (NASDAQ: FRGT), a technology company whose custom-developed Fr8App, an industry-leading freight-matching platform powered by AI and machine-learning, announced that it has been awarded a contract with Whirlpool Mexico; the contract is for domestic logistics shipping services. Freight Technologies’ Fr8App offers a real-time portal for B2B cross-border shipping and domestic shipping within the USMCA region. The announcement noted that Whirlpool Corporation (NYSE: WHR) is focused on being the best global kitchen and laundry company and is driving purposeful innovation to meet the evolving needs of consumers through its iconic brand portfolio, which includes Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, JennAir,…

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