Freight Technologies Inc. (NASDAQ: FRGT), a leader in logistics management innovation, has shared its 2024 annual results, showcasing significant technological advancements and strategic developments. Under the leadership of CEO Javier Selgas, the company has seen improvements in key performance metrics such as gross margins and operational cash flow, marking a year of substantial growth and innovation.
In July 2024, the company launched Waavely, a cutting-edge platform designed for ocean freight booking and management. This launch was part of Fr8Tech's broader strategy to expand its customer base, which included securing new and enhanced agreements with several multinational enterprises throughout the year. These developments underscore the company's commitment to providing innovative solutions in the logistics sector.
The innovation trajectory continued into 2025 with the introduction of two significant products: Fleet Rocket, a cost-effective Transportation Management System (TMS) aimed at brokers, shippers, and logistics operators, and an advanced AI Tendering Bot designed to automate and optimize the load tendering process. These products are part of Fr8Tech's comprehensive digital freight-logistics technology portfolio, which includes interconnected platforms like Fr8App for cross-border shipping, Fr8Now for less-than-truckload shipping, and Fr8Fleet for enterprise clients in Mexico.
Fr8Tech's strategic focus remains on expanding its suite of innovative, cost-effective solutions that leverage automation and a lean corporate structure. These advancements are particularly timely, as they aim to assist customers in navigating the complexities of the current macroeconomic trade environment more effectively. The company's efforts to enhance its technological offerings and expand its global footprint demonstrate its leadership in the logistics management innovation space.
