Freight Technologies, operating as Fr8Tech, provides digital freight brokerage and transportation management services for the U.S.-Mexico cross-border corridor. The company uses an asset-light model, connecting shippers with a network of approximately 5,000 registered carriers through its digital marketplace without owning transportation assets. Fr8Tech generates revenue primarily through transaction-based margins on its flagship Fr8App platform, earning the spread between shipper payments and carrier costs. It also provides dedicated capacity through Fr8Fleet for enterprise customers and offers ocean freight booking via Waavely. The company is currently pivoting toward a software-first, AI-driven model. This strategy includes launching SaaS products like Fleet Rocket, a cloud-based transportation management system, and Zayren, an AI sales co-pilot for brokers. Fr8Tech is exploring a potential sale of its core brokerage operations to focus on these software offerings. Additionally, the company manages an ancillary portfolio of residential solar loans to generate cash flows uncorrelated with freight cycles. Fr8Tech sells directly to shippers across the automotive, electronics, and consumer goods industries through a direct sales team targeting logistics and procurement departments.
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