Freight Technologies Unveils AI-Powered Tendering Bot

Freight Technologies, Inc., also known as Fr8Tech, is making waves in the logistics world with the launch of its AI Tendering Bot. This new tool is set to revolutionize how shippers and freight brokers handle load tendering by automating the process. The company, which is listed on Nasdaq, is shifting towards a Software-as-a-Service (SaaS) model, aiming to boost service levels and automation for its clients. This move not only highlights Fr8Tech's dedication to using technology for operational efficiency but also aims to cut down on costs for both the company and its clients.

A New Era for Load Tendering

In the past, load tendering relied heavily on Transport Management Systems (TMS) or old-fashioned methods like emails and text messages. Fr8Tech's AI Tendering Bot changes the game by using advanced AI to read and understand various documents like emails and spreadsheets. It can then post this information in real-time on the Fr8app marketplace, enabling carriers to quickly view and bid on loads. This automation slashes the time and effort employees usually spend on these tasks.

Proven Success and Integration

After successful pilot testing, the AI Tendering Bot has shown its reliability and effectiveness. It's now fully integrated with Fleet Rocket, Fr8Tech’s advanced TMS solution for brokers, adding even more value to the platform. The bot speeds up the tendering process, cuts costs, and enhances accuracy by automatically capturing and organizing load information. Carriers benefit from real-time visibility, allowing them to bid on loads as soon as they're available.

Fr8Tech's CEO, Javier Selgas, emphasized the significance of this development, stating that it marks a major step in the company's digital transformation journey. By automating load tendering, Fr8Tech is not only reducing operational expenses but also providing faster and more dependable services to its customers. This innovation aligns with their 2025 goals to enhance service levels and expand their SaaS TMS capabilities.

About Freight Technologies

Fr8Tech is a tech-driven company offering a variety of solutions powered by AI and machine learning to optimize the supply chain process. Their products include the Fr8App platform for cross-border shipping, Fr8Now for less-than-truckload shipping, Fr8Fleet for dedicated capacity in Mexico, and Waavely for ocean freight management. Their Fleet Rocket TMS is designed for brokers and shippers, providing a unified platform that connects carriers and shippers, improving efficiency through technologies like live pricing and real-time tracking.

Looking Ahead

It's important to note that Fr8Tech's statements about future plans and expectations are forward-looking and involve risks and uncertainties. Factors like changes in regulations or economic conditions could impact actual results. Fr8Tech advises caution when considering these forward-looking statements and does not commit to updating them as circumstances change.