Freight Technologies Inc. (NASDAQ: FRGT) CEO Underscores Commitment to Continued Growth in Letter to Shareholders

November 16, 2023 09:35:00
  • Fr8Tech CEO recently wrote a letter to shareholders summarizing the company’s financial milestones and operational successes
  • CEO Javier Selgas discussed the company’s robust revenue growth in Q2 2023 as well as the 93% year-over-year increase in its gross margins during the first half of the year
  • The company’s commitment to innovation has led to the launch of an LTL offering and the establishment of an AI department
  • Fr8Tech has successfully expanded into new markets, completed a number of strategic integrations with third-party solutions, and grown its customer base

Freight Technologies (NASDAQ: FRGT) (“Fr8Tech”), a technology company whose lead product is Fr8App, an industry-leading freight-matching platform powered by artificial intelligence (“AI”) and machine learning, is making substantial strides in the realization of its objectives. In a letter to shareholders, CEO Javier Selgas summarized the company’s recent financial milestones and operational successes that underscore its commitment to achieving continued growth (

This growth is reflected in Fr8Tech’s financial results for the second quarter of 2023, which ended June 30, 2023. The company, Selgas wrote, “achieved robust revenue growth, marking a substantial 29% increase compared to the preceding quarter.” Selgas observed the growth attests to Fr8Tech’s…

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NOTE TO INVESTORS: The latest news and updates relating to FRGT are available in the company’s newsroom at

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