Freight Technologies’ Waavely Platform Sees Early Adoption Following Successful Launch

Freight Technologies, Inc. (Nasdaq: FRGT, “Fr8Tech” 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, is pleased to announce that since its launch in July 2024, its digital ocean freight platform, Waavely, has already secured four active customers, demonstrating promising early demand, adoption and traction for this innovative solution.

Fr8Tech’s marketing strategy is currently focused on growing volume with existing clients and adding new customers to the platform. Simultaneously, both existing customers and prospects are providing the Company with invaluable feedback as we continue to actively evolve and expand Waavely’s service capabilities, and scale by bringing additional ocean carriers, logistics providers, and shippers into the offering to meet the specific growing demands of the industry.

“Waavely’s success in such a short period since its launch demonstrates the shipping industry’s need for greater control, agility, and transparency in ocean freight logistics and is a testament to the platform’s value in improving operational efficiency, reducing costs, and providing real-time visibility for maritime logistics,” said Javier Selgas, CEO of Freight Technologies. “We’re thrilled to see the growing number of customers benefiting from the platform and are committed to expanding Waavely’s capabilities to meet evolving shipping needs.”