Freight Technologies deploys AI voice agents for logistics data

HOUSTON - Freight Technologies, Inc. (NASDAQ:FRGT), a $17.67 million market cap logistics technology company, has implemented AI-powered voice agents using Fetch.ai’s Agentverse platform and ASI:One model for logistics data collection, the company announced Wednesday. According to InvestingPro data, the company currently generates annual revenues of $13.54 million while pursuing technological innovation to improve its market position.

The AI voice agents demonstrated a 69% exact match rate with human-verified responses during testing conducted by Fr8Tech’s in-house AI Lab. The agents also showed a 0.9 Levenshtein similarity score and a 2.5 fluency ratio, indicating strong alignment with expected phrasing and natural conversational ability.

The ASI1-Fast Agent, which performed particularly well in Spanish language interactions, can extract structured logistics data such as license plate numbers, driver names, and tractor IDs in real-time.

"The integration of ASI:One into our voice bots is a meaningful step toward building more scalable and intelligent logistics systems," said Javier Selgas, CEO of Fr8Tech.

Fr8Tech is now moving forward with a pilot rollout of the ASI1-Fast Agent, integrated with LiveKit WebRTC for real-time communication. The deployment will support the company’s digital platforms, including its Fleet Rocket transportation management software and Fr8App freight marketplace.

Humayun Sheikh, CEO of Fetch.ai, stated that the collaboration "showcases the true potential of autonomous agents in complex, real-world industries like logistics."

The implementation represents part of Fr8Tech’s strategy to develop decentralized logistics systems and expand its presence in AI-native supply chain solutions, according to the company’s press release statement. While the company faces challenges with a -26.1% gross profit margin, analysts project revenue growth of 3.62% for the current year. InvestingPro subscribers can access 11 additional key insights about FRGT’s financial health and growth prospects.

Freight Technologies provides various AI and machine learning-powered platform solutions for supply chain optimization, including cross-border shipping, less-than-truckload shipping, and transportation management systems. Despite the stock’s challenging performance, with a -93.61% return over the past year, InvestingPro’s Fair Value analysis suggests the stock may be undervalued at current levels.

In other recent news, Freight Technologies announced that it has regained compliance with Nasdaq’s minimum stockholders’ equity requirement. This follows a previous deficiency notice, with the company now reporting stockholders’ equity of $6,159,098. Additionally, Freight Technologies amended its share conversion terms to align with Nasdaq’s equity rules, removing a floor price reset provision that could have conflicted with compliance requirements. In a strategic move, the company also executed a one-for-four reverse stock split, reducing its outstanding shares from approximately 9.1 million to about 2.2 million. This action aims to streamline the company’s share structure without affecting the total number of authorized shares. Further expanding its digital asset portfolio, Freight Technologies invested an additional $1 million in Official Trump tokens, bringing its total holdings to $2 million. The company has also added Reckitt Benckiser de México to its client roster, highlighting its growing presence in the logistics sector. These developments reflect Freight Technologies’ ongoing efforts to strengthen its financial and operational standing.

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