Latest news with #TransportationManagementSystem
Yahoo
13-05-2025
- Business
- Yahoo
AI Meets Drayage: PortPro Launches AI Agents at a Critical Moment for the Industry
New in-system tools reduce manual work, surface key insights, and automate daily tasks — helps teams stay focused and responsive in a challenging freight environment PortPro's new AI Agents JERSEY CITY, N.J. and LOS ANGELES, May 13, 2025 (GLOBE NEWSWIRE) -- With freight volumes shifting, costs rising, and tariff uncertainty impacting margins, it's never been more challenging for drayage carriers and brokers. To help address these challenges, PortPro today announced the launch of AI Agents — digital tools that can think, learn, and take actions on behalf of users. Unlike traditional software, which only follows pre-coded rules, AI agents are powered by artificial intelligence and can understand user intent, process data, and make decisions dynamically. The AI agents are built directly into PortPro's Transportation Management System (TMS). These powerful tools are designed to help drayage trucking companies and brokers simplify operations, reduce repetitive work, and respond faster — all without adding new systems or complexity. Accessed through a simple chat interface, AI Agents allow users to ask operational questions, pull real-time insights, and automate common tasks like updating spreadsheets, checking documents, or sending load updates. Everything happens inside PortPro's TMS — no reports to build, no apps to toggle between, and no additional development required. Whether a user is checking which containers are still out for return, validating that all documents are attached to a load, or confirming rates before invoicing — AI Agents let them do it faster and with fewer errors. The chat interface makes it easy to trigger these actions or set up new automations in just a few clicks. A key advantage is that AI Agents are built to work within PortPro's current TMS platform. Customers can activate agents already created within the AI Marketplace, or create custom workflows based on how their team already works. There's no need for outside tools or custom engineering — teams can scale their efficiency with tools they already know. 'This isn't about adding new layers of tech — it's about removing friction,' said Michael Mecca, CEO of PortPro. 'When tariffs shift and volumes drop, staying lean and responsive matters more than ever. AI Agents help our customers cut down the noise and stay focused on the work that drives results,' he added. PortPro understands how challenging the current business climate is for drayage carriers, which is why it's offering customers free access to AI Agents through July 31, 2025, to help lighten the load and boost efficiency. Learn more or schedule a demo: About PortProPortPro is an innovative technology company keeping the drayage industry moving with its operating platform built for drayage trucking companies, brokerages, and business cargo owners. Our flagship TMS platform streamlines order entry, dispatch management, container tracking, communication, appointment-setting, accounts receivable, reporting, AI tools, and more for customers - who can then provide full transparency and better service to their customers. Learn more at Media Contact: Linda Rigano | linda@ | (914) 815-0396 A photo accompanying this announcement is available at
Yahoo
25-04-2025
- Business
- Yahoo
Freight Technologies Integrates with Blue Yonder TMS Through Bayer to Optimize Supply Chain Efficiency
HOUSTON, April 25, 2025 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (Nasdaq: FRGT, 'Fr8Tech' or the 'Company'), a logistics management innovation company, is pleased to announce its integration with supply chain management company Blue Yonder's Transportation Management System ('TMS') through Bayer Crop Science LP ('Bayer'). This follows Bayer's selection of Fr8Tech as a key logistics provider in September 2024 for the 2025 season, where Fr8Tech was awarded six critical cross-border lanes for truckload services. Fr8Tech has integrated its Fr8App platform with Bayer's instance of Blue Yonder through an Electronic Data Interchange ('EDI') to help optimize Bayer's logistics and supply chain management. This direct integration enables automated data exchanges, eliminates manual processes and ensures faster, more accurate communication. Connecting Fr8Tech's logistics platform with Bayer's TMS through EDI will allow for enhanced shipment visibility, reduced lead times and optimized resource allocation - improving overall supply chain efficiency and advancing Bayer's operational goals. Javier Selgas, CEO of Fr8Tech added, 'This seamless and rapid integration is a testament to Fr8Tech's highly flexible platform solutions, enabling companies like Bayer to achieve greater operational efficiency in their supply chain management. This development also further strengthens Fr8Techs' position as a trusted and leading provider of logistics solutions powered by AI and machine learning.' About Freight Technologies Inc. Freight Technologies (Nasdaq: FRGT) ('Fr8Tech") is a technology company offering a diverse portfolio of proprietary platform solutions powered by AI and machine learning to optimize and automate the supply chain process. Focused on addressing the distinct challenges within the supply chain ecosystem, the Company's portfolio of solutions includes the Fr8App platform for seamless OTR B2B cross-border shipping across the USMCA region; Fr8Now, a specialized service for less-than-truckload (LTL) shipping; Fr8Fleet, a dedicated capacity service for enterprise clients in Mexico; Waavely, a digital platform for efficient ocean freight booking and management of container shipments between North America and ports worldwide and Fleet Rocket a nimble, scalable and cost-effective Transportation Management System (TMS) for brokers, shippers, and other logistics operator Together, each product is interconnected within a unified platform to connect carriers and shippers and significantly improve matching and operation efficiency via innovative technologies such as live pricing and real-time tracking, digital freight marketplace, brokerage support, transportation management, fleet management, and committed capacity solutions. The company is headquartered in Houston, Texas. For more information, please visit Forward-Looking Statements This press release includes 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Fr8Tech's and Fr8App Inc.'s actual results may differ from their expectations, estimates and projections and, consequently, readers should not rely on these forward-looking statements as predictions of future events. Words such as 'expect,' 'estimate,' 'project,' 'budget,' 'forecast,' 'anticipate,' 'intend,' 'plan,' 'may,' 'will,' 'could,' 'should,' 'believes,' 'predicts,' 'potential,' 'continue' and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from those discussed in the forward-looking statements. Most of these factors are outside Fr8Tech's and Fr8App Inc.'s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the inability to obtain or maintain the listing of Fr8Tech's ordinary shares on Nasdaq; (2) changes in applicable laws or regulations; (3) the possibility that Fr8Tech or Fr8App Inc. may be adversely affected by other economic, business and/or competitive factors; (4) risks relating to the uncertainty of the projected financial information with respect to Fr8App Inc.; (5) risks related to the organic and inorganic growth of Fr8App Inc.'s business and the timing of expected business milestones; and (6) other risks and uncertainties identified, including those under 'Risk Factors,' to be filed in Fr8Tech other filings with the Securities Exchange Commission. Fr8Tech cautions that the foregoing list of factors is not exclusive. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Fr8Tech and Fr8App Inc. caution readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Fr8Tech and Fr8App Inc. do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in their expectations or any change in events, conditions or circumstances on which any such statement is based. CONTACT: Fr8Tech Contact: Jason Finkelstein IGNITION Investor Relations investors@ in to access your portfolio
Associated Press
17-03-2025
- Business
- Associated Press
KBX Logistics and Optimal Dynamics Partner to Revolutionize Freight Planning Automation
Optimal Dynamics' platform modernizes tech stack, automates planning, and optimizes dedicated fleet operations NEW YORK CITY, NEW YORK / ACCESS Newswire / March 17, 2025 / KBX Logistics™, a Koch company and global transportation leader, has partnered with Optimal Dynamics to modernize its dedicated fleet operations. This strategic collaboration marks a significant advancement in KBX's journey toward digital transformation, dramatically reducing manual processes and positioning the company for greater efficiency and profitability. 'Since the start of KBX Logistics, we've sought a solution capable of automating our complex and highly manual dedicated fleet freight planning operations,' said Tracy Reiss, Sr. Vice President of Transportation at KBX Logistics. 'Optimal Dynamics provides not just advanced automation but also critical capabilities around data quality and assurance, addressing key gaps we identified. Their platform represents the future - system-to-system communication allowing for dynamically assigned optimized freight.' Optimal Dynamics' powerful automation platform integrates directly with KBX's proprietary Transportation Management System (TMS), seamlessly handling everything from year-out strategic planning to real-time operational decisions. Each day, the engine runs hundreds of simulations evaluating millions of potential decisions to dynamically assign the right loads to the dedicated fleet and efficiently construct driver tours. This process significantly enhances service quality, maximizes fleet utilization, and reduces operational costs. 'KBX Logistics operates one of the industry's largest dedicated transportation networks, and Optimal Dynamics is uniquely equipped to automate and optimize it at scale,' said Daniel Powell, CEO of Optimal Dynamics. 'Our solution not only shows KBX how to efficiently run their fleets, but how to strategically model them. With deep expertise in network optimization and decades of direct experience in transportation and logistics, Optimal Dynamics is delivering a smarter, holistic approach to fleet operations.' KBX will also leverage Optimal Dynamics' scenario modeling and analysis capabilities to strategically guide business decisions, from fleet expansions to network strategy and contract negotiations, further strengthening network resilience and adaptability in an evolving market. Those attending the Annual TCA Truckload 2025 Conference this week in Phoenix, Arizona, can visit Optimal Dynamics at booth #601 for a live demo of their Decision Automation Platform. About KBX Logistics KBX Logistics, a Koch company and global leader in transportation, offers world-class, technology-driven capabilities across all modes of managed freight and transportation asset management. KBX is uniquely positioned to meet the challenges shippers face, leveraging decades of firsthand experience and data-driven insights from a large, diverse, and global business network. By building mutually beneficial partnerships and innovative technology, KBX creates a competitive advantage for its customers and meets the growing need for cost-effective and reliable supply chain solutions. For more information on KBX Logistics, visit About Optimal Dynamics Optimal Dynamics is dedicated to providing state-of-the-art decision intelligence solutions to the transportation industry. The byproduct of 40 years of R&D at Princeton University, the company leverages its proprietary decision intelligence engine to deliver a comprehensive operating system to automate and optimize strategic and operational decisions for truckload operators. Optimal Dynamics is headquartered in New York City and is backed by marquee investors, including Bessemer Venture Partners, The Westly Group and Activate Capital. Learn more at
Yahoo
10-02-2025
- Business
- Yahoo
Freight Technologies reports headcount restructuring, 20% reduction in workforce
Freight Technologies (FRGT) announced significant updates in its strategic evolution as a technology-centric enterprise. Fr8Tech continues to advance its transformational focus on technological innovation to enhance and expand current operations with its valued customers, as it builds upon the commercialization of its Transportation Management System software, scheduled to formally launch later this month. Fr8Tech's TMS serves as an in-house digital command center for logistics teams, enabling them to oversee and optimize the movement of goods with enhanced precision. It allows companies to track shipments in real-time, select the most suitable carriers, administer delivery routes, communicate with drivers, manage documentation, and integrate with both inventory and billing systems. By automating these processes and delivering actionable insights, our TMS can significantly reduce costs and risks, improve decision-making and operational efficiency, and elevate overall supply chain management performance. As part of this transformation, the Company has conducted a comprehensive, organization-wide analysis to determine the appropriate team size and structure. Following this review, the Company has completed a headcount restructuring process aimed at streamlining operations and reducing costs. This includes a 20% reduction in workforce across the Company to create operational efficiencies and align resources to support our technology-driven objectives. Other recent developments further underscore Fr8Tech's dedication to this strategic direction. Earlier this year, the Company successfully completed a $3M private placement offering of convertible preferred stock, bolstering its financial position to support ongoing software development. Additionally, Fr8Tech has renewed a multi-year logistics services agreement with Kimberly-Clark de Mexico and other large enterprise customers, reflecting continued expansion and adoption of our innovative and cost-effective solutions. Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions. Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on FRGT: Freight Technologies Completes $3 Million Private Placement Freight renews multi-year logistics services agreement with Kimberly-Clark Freight Technologies Changes Auditing Firm to TAAD LLP Freight Technologies signs new logistics services contract with toy brand Freight Technologies selected by Nestle Mexico to provide logistics services Sign in to access your portfolio
Associated Press
07-02-2025
- Business
- Associated Press
Freight Technologies Advances Transformation to Accelerate Innovation, Reduce Costs, and Drive Growth
-Fr8Tech's Transportation Management System (TMS) to formally launch in February -Company announces workforce reduction to create operational efficiencies and align resources HOUSTON, Feb. 07, 2025 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (Nasdaq: FRGT) ('Fr8Tech'' or 'Freight Technologies'' or the 'Company'), a logistics management innovation company, offering a diverse portfolio of technology-driven solutions that address distinct challenges within the supply chain ecosystem, today announced significant updates in its strategic evolution as a technology-centric enterprise. Fr8Tech continues to advance its transformational focus on technological innovation to enhance and expand current operations with its valued customers, as it builds upon the commercialization of its Transportation Management System (TMS) software, scheduled to formally launch later this month. Fr8Tech's TMS serves as an in-house digital command center for logistics teams, enabling them to oversee and optimize the movement of goods with enhanced precision. It allows companies to track shipments in real-time, select the most suitable carriers, administer delivery routes, communicate with drivers, manage documentation, and integrate with both inventory and billing systems. By automating these processes and delivering actionable insights, our TMS can significantly reduce costs and risks, improve decision-making and operational efficiency, and elevate overall supply chain management performance. 'Our commitment to evolving into a leading technology company is evident with the launch of our game-changing TMS,' said Javier Selgas, CEO of Freight Technologies. 'By embracing automation and reducing manual processes, we are not only enhancing our service offerings but also paving the way toward sustainable profitability. This transformation allows us to better serve our customers and deliver increased value to our shareholders.' As part of this transformation, the Company has conducted a comprehensive, organization-wide analysis to determine the appropriate team size and structure. Following this review, the Company has completed a headcount restructuring process aimed at streamlining operations and reducing costs. This includes a 20% reduction in workforce across the Company to create operational efficiencies and align resources to support our technology-driven objectives. CFO Don Quinby noted, 'Workforce reductions are always difficult and never a decision we make lightly. We are making every effort to treat our departing colleagues with respect and gratitude for their contributions and support them in their transition. These measures are expected to strengthen Fr8Tech's financial results over 2025 and better position the Company to reach profitability on an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) basis by the end of the year.' Other recent developments further underscore Fr8Tech's dedication to this strategic direction. Earlier this year, the Company successfully completed a $3 million private placement offering of convertible preferred stock, bolstering its financial position to support ongoing software development. Additionally, Fr8Tech has renewed a multi-year logistics services agreement with Kimberly-Clark de México and other large enterprise customers, reflecting continued expansion and adoption of our innovative and cost-effective solutions. About Freight Technologies Inc. Freight Technologies (Nasdaq: FRGT) ('Fr8Tech') is a technology company offering a diverse portfolio of proprietary platform solutions powered by AI and machine learning to optimize and automate the supply chain process. Focused on addressing the distinct challenges within the supply chain ecosystem, the Company's portfolio of solutions includes the Fr8App platform for seamless OTR B2B cross-border shipping across the USMCA region; Fr8Now, a specialized service for less-than-truckload (LTL) shipping; Fr8Fleet, a dedicated capacity service for enterprise clients in Mexico; and Waavely, a digital platform for efficient ocean freight booking and management of container shipments between North America and ports worldwide. Together, each product is interconnected within a unified platform to connect carriers and shippers and significantly improve matching and operation efficiency via innovative technologies such as live pricing and real-time tracking, digital freight marketplace, brokerage support, transportation management, fleet management, and committed capacity solutions. The company is headquartered in Monterrey, Mexico. For more information, please visit Forward-Looking Statements This press release includes 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Fr8Tech's and Fr8App Inc.'s actual results may differ from their expectations, estimates and projections and, consequently, readers should not rely on these forward-looking statements as predictions of future events. Words such as 'expect,' 'estimate,' 'project,' 'budget,' 'forecast,' 'anticipate,' 'intend,' 'plan,' 'may,' 'will,' 'could,' 'should,' 'believes,' 'predicts,' 'potential,' 'continue' and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from those discussed in the forward-looking statements. Most of these factors are outside Fr8Tech's and Fr8App Inc.'s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the inability to obtain or maintain the listing of Fr8Tech's ordinary shares on Nasdaq; (2) changes in applicable laws or regulations; (3) the possibility that Fr8Tech or Fr8App Inc. may be adversely affected by other economic, business and/or competitive factors; (4) risks relating to the uncertainty of the projected financial information with respect to Fr8App Inc.; (5) risks related to the organic and inorganic growth of Fr8App Inc.'s business and the timing of expected business milestones; and (6) other risks and uncertainties identified, including those under 'Risk Factors,' to be filed in Fr8Tech other filings with the SEC. Fr8Tech cautions that the foregoing list of factors is not exclusive. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Fr8Tech and Fr8App Inc. caution readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Fr8Tech and Fr8App Inc. do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in their expectations or any change in events, conditions or circumstances on which any such statement is based.
