Freight Technologies Weighs Sale of Brokerage Arm as AI Logistics Pivot Accelerates
· Source: theglobeandmail.com
In short
Freight Technologies (Fr8Tech), a Nasdaq-listed logistics technology provider, is accelerating its transition from an online freight broker to an AI-powered software company. The firm is exploring strategic alternatives including a potential sale of its brokerage operations to focus on commercializing recurring SaaS and AI offerings such as Fleet Rocket, Zayren Pro, and Fr8Radar. This pivot targets inefficiencies in U.S.–Mexico cross-border freight, leveraging nearshoring-driven trade growth.
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Tags: logistics, cross-border, automation, SaaS, nearshoring