Freight Technologies Showcases Innovative Solutions at Chardan’s Transport Platform
Freight Technologies, Inc. (Nasdaq: FRGT) (“Fr8Tech” or “Freight Technologies”), a cutting-edge technology company, recently highlighted their revolutionary approach to over-the-road (OTR) shipping at Chardan's Transport Platform Tech Series. This virtual conference gathered key industry leaders to discuss advancements in the transportation sector.
William Carlin
14 Jun 2024 3:53 PM
Advanced Technology for Cross-Border Shipping
Freight Technologies, known for its advanced freight-matching platform, Fr8App, showcased how their AI and machine-learning-powered technology is transforming cross-border shipping within the USMCA region. The platform offers a real-time portal for B2B cross-border and domestic shipping, enhancing the efficiency and transparency of the shipping process.
Leadership Insights at the Conference
During the conference, CEO Javier Selgas and CFO Don Quinby presented their vision of a more streamlined and flexible OTR shipping process. They addressed current industry challenges and demonstrated how Fr8App's innovative solutions are paving the way for a more efficient freight transportation network.
"Our platform makes the process of delivering goods more efficient by bringing intuitive technology to handle operations in a more streamlined way," said Mr. Selgas. "We are creating a huge network of carriers capable of moving cross-border loads from Mexico to the US and Canada and back."
Addressing Industry Challenges
Mr. Selgas emphasized the critical role of their dedicated operations team in assisting shippers and carriers, ensuring seamless navigation and transaction management across the Fr8App platform.
Mr. Quinby discussed the importance of resilience and agility in the shipping industry, particularly in the face of global disruptions such as the COVID-19 pandemic, armed conflicts, and trade disputes. "Having systems and technology in place that enable you to navigate these risk factors is incredibly important, and we think that Fr8App has the ability to do just that," he stated.
Growing Trade with Mexico
The speakers also noted the significant increase in multinational companies investing in Mexico, highlighting that "Mexico is now the largest trading partner of the United States." This trend underscores the need for robust and innovative shipping solutions like Fr8App to manage the growing volume of cross-border trade efficiently.
About Freight Technologies Inc.
Freight Technologies is dedicated to optimizing and automating the supply chain process through advanced technology solutions. Its subsidiary, Freight App, Inc. (Fr8App), operates a B2B cross-border shipping marketplace in the USMCA region. Fr8App leverages AI and machine learning to offer increased growth opportunities for carriers and greater flexibility, visibility, and simplicity for shippers. The company's proprietary platform enhances matching and operational efficiency with features like live pricing, real-time tracking, digital freight marketplace, broker services, transportation management, fleet management, and committed capacity solutions. Freight Technologies is headquartered in Houston, Texas. For more information, visit fr8technologies.com.