Streetbeat News

FRGT

Freight Technologies, Inc.

Industry

Software - Application

Freight Technologies, Inc. operates as a transportation logistics technology platform company. The company through its subsidiary, Freight App, Inc., provides B2B cross-border shipping marketplace in the NAFTA region powered by AI and machine learning. Its Fr8App uses proprietary technology platform to connect carriers and shippers and improve matching and operation efficiency via technologies, such as live pricing and real-time tracking, digital freight marketplace, broker, transportation management, fleet management, and capacity solutions. The company was formerly known as Hudson Capital Inc. and changed its name to Freight Technologies, Inc. in May 2022. Freight Technologies, Inc. is headquartered in The Woodlands, Texas.

Open

1.73

Mkt cap

3.4M

Volume

40K

High

1.75

P/E Ratio

N/A

52-wk high

138.50

Low

1.66

Div yield

N/A

52-wk low

1.30

Landstar System Inc. is facing challenges in the freight market due to weak demand, supply-chain issues, and slower network velocity, impacting its revenue.

Portfolio Pulse from

December 20, 2024 | 3:45 pm

Old Dominion Freight Line (ODFL) is a strong long-term investment due to its resilient financials, expected earnings growth, solid dividend growth, low debt, and strong cash flow. Despite high interest rates and higher operating costs, the company is well-positioned for future growth. The stock is currently overvalued with a forward P/E of 37.01x, suggesting potential buying opportunities during market corrections.

Portfolio Pulse from

December 20, 2024 | 1:15 pm

Freight Technologies, Inc. (Nasdaq: FRGT) has announced updates to its public filing procedures, which may impact investor perceptions and stock performance.

Portfolio Pulse from

December 06, 2024 | 9:30 pm

Old Dominion Freight Line reported a decrease in revenue per day by 8.2% for November 2024 compared to November 2023, due to a decline in LTL tons per day and a slight decrease in LTL revenue per hundredweight.

Portfolio Pulse from

December 03, 2024 | 10:30 pm

The Zacks Transportation-Air Freight and Cargo industry faces challenges such as weak demand, high inflation, and geopolitical issues. However, companies like UPS, GXO, and ATSG are expected to perform well despite these headwinds.

Portfolio Pulse from

November 29, 2024 | 6:00 pm

Freight Technologies, Inc. (Nasdaq: FRGT) has announced early adoption of its digital ocean freight platform, Waavely, which launched in July 2024. The platform has already secured four active customers, indicating promising demand and traction.

Portfolio Pulse from

November 11, 2024 | 2:30 pm

Old Dominion Freight Line (OD) has partnered with Folds of Honor to provide educational scholarships for families of fallen or disabled US service members and first responders. The scholarships will focus on fields like supply chain management and transportation.

Portfolio Pulse from

November 08, 2024 | 12:15 pm

Titanium Transportation has opened its 8th US freight brokerage office in Virginia, expanding its North American network to 11 locations. This expansion aims to enhance its customer base and support continued growth.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

The 'Freight Forwarding Industry in South Africa 2024' report has been released, profiling 22 key players in the industry, including DHL, DSV South Africa, and others. This report is now available on ResearchAndMarkets.com.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

Freightos Limited (NASDAQ: CRGO) has announced that Qantas Freight has joined its air cargo booking platform, enhancing trans-Pacific capacity on routes between the US, Australia, and New Zealand.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.