- Fr8Tech has witnessed a rise in carrier capacity, reporting a 60.8% year-over-year increase in August 2023 carrier capacity levels compared to August 2022
- The average capacity levels through August rose 55.7% year-to-date
- Luisa Lopez, Fr8Tech COO, attributed this growth to the company’s commitment to delivering quality services even during periods of downtime and securing high-quality carrier capacity
- Fr8Tech also announced that Fr8App recently completed an integration with Geotab’s open API
- The integration now allows Fr8App users to experience easy and precise tracking and monitoring of shipments
Freight Technologies (NASDAQ: FRGT) (“Fr8Tech”) is a North American transportation logistics technology company offering solutions that optimize logistics, reduce transportation costs, and improve experiences and efficiency for shippers and carriers in the U.S.-Mexico-Canada Agreement (“USMCA”) member countries.
The company has developed and is commercializing Fr8App, a custom-built freight-matching platform offering a real-time portal for B2B cross-border shipping and domestic shipping; Fr8Fleet, a digital platform that lets enterprise customers handle dedicated truck services, capacity, and…
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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