Freight Technologies (FRGT) is making key changes as it focuses on technology to improve its services. The company is set to roll out its new Transportation Management System (TMS) software later this month. This TMS acts like a digital control center for logistics teams. It helps track shipments, choose the best carriers, manage delivery routes, communicate with drivers, and connect with inventory and billing systems. With automation and real-time insights, it aims to cut costs, lessen risks, and boost supply chain efficiency.
To support these changes, Freight Technologies has reviewed its team structure and decided to reduce its workforce by 20%. This move aims to streamline operations and align the company’s resources with its tech-focused goals. Recently, the company also secured $3 million through a private investment to continue developing its software. Furthermore, Fr8Tech has extended its logistics contract with Kimberly-Clark de Mexico, highlighting its growth and the adoption of its innovative solutions.
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