Freight Technologies Reports 15x Efficiency Gain with AI
Freight Technologies reports that its AI-native solutions have produced significant productivity improvements in logistics. The company cited a 15-fold increase in domestic efficiency and a 5-fold gain in cross-border efficiency. The gains were measured in metrics such as time-to-book shipments and internal team productivity, highlighting AI's impact on supply chain operations.
- The company's AI-powered platform, known as Fr8App, is specifically designed to automate and optimize the supply chain process for business-to-business cross-border and domestic shipping in the USMCA region (United States-Mexico-Canada Agreement). - CEO Javier Selgas stated the company's objective is to "create an operating system where software performs the work and people provide judgment," indicating a strategy focused on high-level automation to handle larger volumes with a leaner organization. - This efficiency gain allowed the company to manage a higher volume of shipments with approximately half the operations staff after reductions in 2025, while also creating capacity for future growth. - The company's diverse portfolio includes Fr8App for cross-border spot service, Fr8Fleet for dedicated capacity, Waavely for ocean container shipments, and Fleet Rocket for transportation management system (TMS) software. - A key challenge in the company's primary cross-border market is navigating complex and evolving customs regulations, such as Mexico's Complemento Carta Porte system, where documentation errors can cause significant delays. - The company's stock (NASDAQ: FRGT) has experienced significant volatility, with a 52-week high of $69.80 and a low of $1.04. - In a November 2023 open letter, CEO Javier Selgas acknowledged shareholder frustration with the stock's performance, stating his opinion that the market valuation falls short of the company's actual worth despite achieving significant corporate milestones. - Freight Technologies is positioning itself to become a software-first logistics company, with plans for the SaaS-based commercialization of its AI tools.
