Freight Technologies Inc. (FRGT)
NASDAQ (CM) NASDAQ (CM) Primary Summary
C.H. Robinson Worldwide Sees Freight Broker Shakeout, Downplays Insurance Hit
C.H. Robinson Worldwide NASDAQ: CHRW executives said the freight brokerage industry could see accelerated consolidation following the Montgomery ruling, while emphasizing that the company does not expect a material financial hit from higher insurance costs.
Freight Boom: The Hormuz Blockade Payday
Ongoing tensions in the Strait of Hormuz have gone from a temporary shipping disruption to a lasting driver of expanded margins for shipping companies. The effective closure of this critical waterway has constrained global fleet capacity, allowing operators with unhedged spot exposure and modern tonnage to capture unprecedented pricing premiums.
J.B. Hunt Says Freight Rates Are Rising as Capacity Tightens, Not Demand
Executives from J.B. Hunt Transport Services NASDAQ: JBHT said freight-market conditions are tightening, but they attributed much of the shift to capacity leaving the market rather than a broad-based demand rebound.
Freight Technologies Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| HFT Hui Fai Tam Caitong International Asset Management Co. Ltd. | 0.2 | $0.83 | $0.67 | -$0.16 | -19.28% |
Freight Technologies Inc. Analysts
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| BD Brian Dobson Clear Street | -0.33 | $3,326.5 | $1.11 | $3,325.39 | 99.97% |
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Freight Technologies Inc. Profile
| Software Industry | Information Technology Sector | Javier Selgas CEO | NASDAQ (CM) Exchange | G51413154 CUSIP |
| US Country | 82 Employees | - Last Dividend | 18 May 2026 Last Split | 8 Aug 2017 IPO Date |
Overview
Freight Technologies, Inc., specialized in the development and operation of a cutting-edge transportation logistics technology platform, was established with the vision to revolutionize freight services across the United States, Mexico, and Canada. This innovative company, often referred to by its technologically driven platform, Fr8App, was incorporated in 2015 and has since positioned its headquarters in The Woodlands, Texas. Through its subsidiary, Freight Technologies, Inc. aims to streamline and enhance the truckload freight services industry by leveraging technology for efficiency, reliability, and customer satisfaction.
Products and Services
- Fr8App Technology Platform
Central to Freight Technologies' offerings, the Fr8App platform serves as an advanced online portal and mobile application tailored for the freight transportation market. It facilitates third-party logistics services, enabling companies to find the most efficient shipping solutions. Through this platform, users gain access to a comprehensive suite of tools designed to streamline the process of managing and booking freight services.
- Transport Management Solution
For companies looking to exercise greater control over their own fleet operations, Freight Technologies provides a bespoke transport management solution. This service allows customers to efficiently manage their fleet with the help of Fr8App, ensuring optimization of routes, schedules, and overall fleet performance. The solution caters to the needs of businesses seeking to harness the full potential of their logistics operations with enhanced visibility and control.
- Freight Brokerage Support and Customer Service
Recognizing the need for dedicated support, Freight Technologies offers specialized freight brokerage support services. These services are aimed at assisting companies in navigating the complexities of freight brokerage, enhancing operational efficiency, and resolving any challenges that may arise during the transportation process. Coupled with robust customer service, clients are assured of a comprehensive support system tailored to meet their unique logistics needs, all based on the advanced capabilities of the Fr8App platform.
