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Stock impact report

Freight Technologies Announces Strategic Update on Transition to AI-Powered, Software-First Logistics Technology Company [Yahoo! Finance]

Freight Technologies, Inc. - Ordinary Shares (FRGT) 
Company Research Source: Yahoo! Finance
HOUSTON, April 02, 2026 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (Nasdaq: FRGT, "Fr8Tech" or the "Company"), a technology-centric logistics company offering a diversified portfolio of AI software solutions designed to address key inefficiencies in the supply chain, today announced progress in its transformation from an OTR online freight broker to a software-first, AI-native logistics technology company. As part of the Company's strategic transition, the Company also announced that it is exploring strategic alternatives for its online brokerage operations, including its potential sale, and has engaged with multiple interested parties as part of that process. The Company's Board of Directors is overseeing the evaluation of strategic alternatives for the brokerage operations. Fr8Tech emphasized that these discussions are preliminary and exploratory in nature, and there can be no assurance that the exploration of strategic alternatives will result in any transaction. The Company Show less Read more
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