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HOUSTON - Freight Technologies, Inc. (Nasdaq:FRGT), a $14.2 million market cap logistics technology company that has seen its stock surge over 8% in the past week according to InvestingPro data, announced Monday it has expanded its logistics support for Amazon Mexico by integrating its Fr8App platform directly with Amazon’s internal tracking system to provide enhanced real-time visibility.
The integration allows Fr8Tech to deliver precise unit location and continuous movement tracking data to Amazon Mexico’s logistics operations, enabling automated monitoring, unauthorized stop detection, and streamlined alerts.
This development builds upon the expanded services announced in June 2024 and extends the relationship that began in 2023 when Fr8Tech first became a logistics service provider for Amazon Mexico, supporting seasonal operations and cross-border shipments.
"Our ongoing and successful collaboration with Amazon Mexico over the years demonstrates Fr8App’s reliability and scalability," said Javier Selgas, CEO of Freight Technologies, in a press release statement. "Now, by integrating directly into their system, we are elevating operational efficiency to a new level."
The integration aims to improve delivery expectations and operational efficiency for Amazon Mexico’s logistics operations.
Freight Technologies offers a portfolio of technology solutions for supply chain optimization, including its Fr8App platform for cross-border shipping in the USMCA region, Fr8Now for less-than-truckload shipping, Fr8Fleet for enterprise clients, and other specialized logistics services.
The company trades on the Nasdaq under the ticker FRGT. While analysts anticipate sales growth in the current year, InvestingPro data suggests the stock is currently undervalued, with 11 additional exclusive ProTips available to subscribers, covering everything from profitability outlook to market performance metrics.
In other recent news, Freight Technologies, Inc. has raised $500,000 through a private preferred share sale, entering into a securities purchase agreement with an accredited investor. This transaction resulted in net cash proceeds of approximately $485,000 after fees. Additionally, the company has secured a two-year contract with Fletes y Distribuciones Conver S.A.P.I. de C.V. (Salzillo) to provide its Fleet Rocket Transportation Management System, which aims to streamline logistics operations across Mexico, the United States, and Canada.
Freight Technologies has also implemented AI-powered voice agents for logistics data collection, utilizing Fetch.ai’s Agentverse platform and ASI:One model. During testing, these AI voice agents achieved a 69% exact match rate with human-verified responses. In a strategic expansion of its client roster, the company announced that Reckitt Benckiser de México has joined its logistics management platform. These developments reflect Freight Technologies’ ongoing efforts to enhance its technological capabilities and expand its customer base.
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