Freight Technologies (FRGT) has released an update.
Freight Technologies (Fr8Tech) has reported a 6.6% revenue increase to $8.1 million for the first half of 2024 with a significant 40% growth in gross profits, indicating robust mid-year financial performance. The company also announces advancements in their software offerings, including the commercialization of a Transportation Management System (TMS), aiming to optimize supply chain management with real-time data and AI-powered tools. These developments reflect Fr8Tech’s strategic focus on technology-driven logistics solutions and their commitment to enhancing operational efficiency and profitability.
For further insights into FRGT stock, check out TipRanks’ Stock Analysis page.
