Freight Technologies is making waves in logistics with their latest innovation—a new AI Tendering Bot designed to automate the load tendering process for shippers and freight brokers. This launch marks a strategic shift for Freight Technologies, also known as Fr8Tech, towards a Software-as-a-Service (SaaS) model, aiming to enhance service efficiency and cut down on operational costs for both the company and its clients.

Revolutionizing Load Tendering with AI

Traditionally, load tendering involved either complex Transport Management Systems (TMS) or outdated manual methods like sending emails or messages. The new AI Tendering Bot is set to change this landscape by utilizing advanced AI technology. It can effortlessly read and interpret various documents containing load details, such as emails, text messages, and even Excel screenshots. The bot then swiftly posts this structured data into the Fr8app marketplace, allowing carriers to immediately view and bid on loads, significantly reducing the need for manual input.

Proven Success and Seamless Integration

After a successful trial with several clients, the AI Tendering Bot has demonstrated its reliability and accuracy. It's now fully integrated with Fr8Tech’s Fleet Rocket, a top-tier TMS solution for brokers, adding more value to their platform. This integration not only speeds up the tendering process but also brings about significant cost savings and efficiency improvements by:

• Boosting Efficiency: Quickens response times by eliminating delays from manual data entry.

• Cutting Costs: Reduces the need for human intervention, lowering operational expenses.

• Enhancing Accuracy: Uses AI to precisely capture and organize important load information.

• Providing Instant Visibility: Ensures load tenders are immediately available on the Fr8app marketplace, empowering carriers to bid without delay.

Javier Selgas, CEO of Fr8Tech, highlights this development as a major step in their digital transformation. “Our AI Tendering Bot is a big milestone for us,” says Selgas. “By automating the load tendering process, we’re not just cutting down costs but also providing faster, more dependable service to our clients. This innovation aligns perfectly with our goals for 2025: to automate operations, boost service levels for key clients, and expand the capabilities of our SaaS TMS solution, Fleet Rocket. Developed in partnership with Trebu.ai, a Y Combinator-backed startup, this bot is a game-changer in freight management.”

About Freight Technologies Inc.

Based in Houston, Texas, Freight Technologies (Fr8Tech) is at the forefront of logistics innovation, offering a range of AI-driven solutions to streamline supply chain operations. Their offerings include the Fr8App platform for seamless cross-border shipping across the USMCA region, specialized services like Fr8Now for less-than-truckload shipping, and Fr8Fleet for dedicated capacity in Mexico. Their platforms, including Waavely for ocean freight and Fleet Rocket for transport management, are interconnected to enhance efficiency through real-time tracking and digital marketplaces. To learn more, visit fr8technologies.com.

Looking Ahead

While the AI Tendering Bot is a promising advancement, Fr8Tech acknowledges the inherent risks and uncertainties in technological innovation. They advise caution in relying solely on forward-looking statements, as various factors could impact the actual outcomes. As they continue to evolve, Fr8Tech remains committed to updating their strategies to reflect any changes in market conditions or technological advancements.