24/7 Market News Snapshot 04 March, 2025 – Freight Technologies, Inc. Ordinary Shares (NASDAQ:FRGT)

March 4, 2025

DENVER, Colo., 04 March, 2025 (247marketnews.com) – (NASDAQ:FRGT) are discussed in this article.
Freight Technologies, Inc. (FRGT) opened today at $1.025 and is currently trading at $1.212, reflecting a robust increase of approximately 17.67%. This rise follows a session close of $1.030, indicating positive market sentiment and heightened investor interest, evidenced by a trading volume of 541.34K shares. The significant price jump suggests a potential breakout from recent resistance levels, which warrants close observation for indications of price consolidation or continued upward movement. Investors are advised to monitor trends in volume and price patterns for optimal trading strategies.

In addition to its promising market performance, Freight Technologies has announced the launch of its innovative AI Tendering Bot, a transformative solution designed to streamline and automate the load tendering process for shippers and freight brokers. This development is part of the company’s strategic shift towards a Software-as-a-Service (SaaS) model, aimed at enhancing service levels and driving operational efficiencies for enterprise clients.

The AI Tendering Bot addresses long-standing challenges in load tendering, which have been plagued by outdated manual processes and inefficient transport management systems. By utilizing advanced artificial intelligence, the bot swiftly identifies and processes load information from various channels, including emails, text messages, and spreadsheets, thus enabling seamless integration of data into the Fr8app marketplace without manual involvement.

Following successful pilot testing with clients demonstrating notable accuracy and reliability, the AI Tendering Bot is fully integrated with Fleet Rocket, Fr8Tech’s sophisticated TMS solution for brokers. This innovation is anticipated to significantly improve operational efficiency by accelerating response times, lowering operational costs, and providing real-time visibility for carriers bidding on loads.

CEO Javier Selgas remarks that the launch of the AI Tendering Bot represents a pivotal milestone in Fr8Tech’s digital transformation, as it aims to lower operational costs while delivering faster, more reliable services to its clientele.

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