Freight Technologies Launches AI Tendering Bot to Revolutionize and Streamline Load Tendering Process

Freight Technologies, Inc. (Nasdaq: FRGT) (“Fr8Tech” or the “Company”), a logistics management innovation company, offering a diverse portfolio of technology-driven solutions, today announced the launch of its advanced AI Tendering Bot, an innovative solution designed to automate and streamline the load tendering process for shippers and freight brokers. This upgrade underscores Fr8Tech’s strategic pivot to a Software-as-a-Service (SaaS) model, immediately enhancing service levels and automation for its enterprise clients. The launch also reinforces the Company’s commitment to operational improvements and efficiencies through new technology to reduce operating costs for both Fr8Tech and its enterprise clients.

Transforming Load Tendering with Artificial Intelligence

Traditionally, load tendering has relied on integrated Transport Management Systems (TMS) solutions or outdated manual processes, such as assigning loads via text messages or emails. The AI Tendering Bot changes that by leveraging advanced artificial intelligence:

Identify Key Information: Seamlessly read and interpret emails, text messages, screenshots of Excel spreadsheets, and other documents containing load information

Real-Time Integration: Immediately post structured load data into the Fr8app marketplace, where carriers can instantly view and bid on available loads

Reduce Manual Intervention: Automate the transcription and organization of load requests, significantly reducing the time and labor required by employees

Proven Results and Seamless Integration

After successfully pilot testing with several clients, the AI Tendering Bot has proven its accuracy and reliability. It is now fully integrated also with Fleet Rocket, Fr8Tech’s cutting-edge Transport Management Systems (TMS) solution for brokers, further enhancing the platform’s value proposition. This solution not only accelerates the tendering process but also delivers substantial cost savings and operational efficiencies through:

Enhanced Efficiency: Accelerates response times by eliminating delays associated with manual data entry

Cost Reduction: Minimizes human intervention, resulting in lower operating costs

Improved Accuracy: Utilizes AI algorithms to accurately capture and structure vital load information

Real-Time Visibility: Ensures load tenders are available instantly on the Fr8app marketplace, empowering carriers to bid promptly

Our new AI Tendering Bot represents a significant milestone in Fr8Tech’s digital transformation journey,” said Javier Selgas, CEO of Fr8Tech. “By automating the load tendering process, we are not only driving down operational costs but also delivering faster, more reliable service to our customers. This innovation aligns perfectly with our 2025 targets: to automate our operations, enhance service levels for key enterprise clients, and expand the innovative capabilities of our SaaS TMS solution, Fleet Rocket. Developed in collaboration with Trebu.ai, a Y Combinator-backed startup specializing in AI automation, this bot leverages cutting-edge technology to streamline freight management like never before.”