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Investing.com -- Freight Technologies Inc (NASDAQ:FRGT) stock rose 4.7% following the announcement of a two-year contract with Fletes y Distribuciones Conver S.A.P.I. de C.V. (Salzillo) for its Fleet Rocket Transportation Management System (TMS).
The logistics management innovation company will provide its TMS solution to support Salzillo’s operations across Mexico, the United States, and Canada. The system is designed to streamline processes, increase shipment visibility, and strengthen control over cross-border movements.
Fleet Rocket is marketed as a scalable and cost-effective TMS platform built specifically for brokers, shippers, and logistics operators managing domestic and international logistics across North America.
"We are excited to support Salzillo in their digital transformation journey," said Javier Selgas, CEO of Fr8Tech. "Fleet Rocket is the ideal platform for companies looking to strengthen their logistics capabilities across North America, and we’re proud to see it adopted by a company with Salzillo’s experience and national footprint."
The contract comes as more logistics providers are turning to digital solutions to enhance their competitive positions in the market. Salzillo will use the platform to improve efficiency and scalability across its fleet of trucks and freight services serving the USMCA region.
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