24/7 Market News Snapshot 08 January, 2025 – Freight Technologies, Inc. Ordinary Shares (NASDAQ:FRGT)

January 8, 2025

DENVER, Colo., 08 January, 2025 (247marketnews.com) – (NASDAQ:FRGT) are discussed in this article.
Freight Technologies, Inc. (FRGT) is navigating a challenging market landscape, currently trading at $1.948, reflecting a decline of 2.6% from the previous close of $2.000 during pre-market activity. The current trading volume of 1.08 million shares suggests increased investor engagement, though the downward trend may indicate skepticism among buyers. Investors are encouraged to monitor key technical indicators, such as moving averages, to identify critical support levels. A breach of significant support could lead to further declines, while resistance might be established at prior closing levels. Awareness of any potential reversal signals will be essential for reassessing entry strategies.

In a positive development amidst this backdrop, Freight Technologies has announced the signing of a notable logistics service contract with a leading entity in the global toy industry. This partnership is set to enhance the capabilities of its Fr8App platform, which offers innovative solutions for over-the-road (OTR) logistics management. With the toy sector experiencing seasonal demand surges, Freight Technologies aims to provide reliable and cost-effective service across vital shipping routes, ensuring timely and secure product transportation.

Javier Selgas, CEO of Freight Technologies, expressed enthusiasm about collaborating with such a prominent industry player, emphasizing that this agreement validates the Fr8App platform’s effectiveness in addressing the dynamic needs of supply chain logistics. The Company, through the integration of advanced AI and machine learning technologies, is committed to delivering operational efficiency.

The strategic alliance not only expands Freight Technologies’ service offerings but also underscores its status as a key player in logistics management. As the demand for streamlined logistics solutions continues to escalate, Freight Technologies remains poised to confront industry challenges with innovative strategies and dedicated service.

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