Freight Technologies (NASDAQ: FRGT), a technology company based on its custom-developed Fr8App platform, which is powered by AI and machine learning and which offers a real-time portal for B2B cross-border shipping and domestic shipping within the United States-Mexico-Canada (“NAFTA”) region, was featured in a recent Chardan report. Chardan is an independent, full-service, global investment bank. The Chardan report is the first analyst coverage that Freight Technologies has received since going public, and the report concludes with a “buy” recommendation. The rating “validates what we have been trying to message all along,” the announcement stated, reaffirming the company’s focus on offering services in a massive niche market that is ripe for disruption. According to the announcement, Freight Technologies went public during a “very challenging time for many industries,” including logistics, but company management pointed to upward trends and its strong customer support and operations team to show the company’s investment thesis is a solid one. “We are offering our platform to a target market that is massive in size and characterized by extreme inefficiencies,” said Fr8Tech CEO Javier Selgas in the press release. “Our technology has the potential to be disruptive, bring transparency to the market and help our customers reduce their overall logistics costs, in addition to improving their security by using our track-and-trace features. It is encouraging to have a third-party analyst confirm what we have been representing in the way of a ‘Buy’ rating for our stock.”
To view the full press release, visit https://ibn.fm/cNPro
About Freight Technologies Inc.
Freight Technologies is a technology company developing solutions to optimize and automate the supply chain process. Its wholly owned subsidiary Freight App Inc. (“Fr8App”) is a business-to-business, cross-border shipping marketplace in the NAFTA region powered by artificial intelligence (“AI”) and machine learning. Focused on making shipping transparent and efficient, Fr8App provides carriers with increased growth opportunities and shippers with flexibility, visibility and simplicity for the once-complex process of international over-the-road (“OTR”) shipping. Fr8App uses its proprietary technology platform to connect carriers and shippers and significantly improve matching and operation efficiency via innovative technologies such as live pricing and real-time tracking, digital freight marketplace, broker, transportation management, fleet management and committed capacity solutions. For more information about the company, please visit www.FR8Technologies.com.
NOTE TO INVESTORS: The latest news and updates relating to FRGT are available in the company’s newsroom at https://ibn.fm/FRGT
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