Why Freight Technologies Shares Are On The Move Thursday

Freight Technologies Inc FRGT shares are trading higher Thursday after the company announced it now supports cross-border logistics requirements for a global electronic equipment company.

The undisclosed company operates 18 different factories and distribution centers across the U.S. and Mexico.

"We are pleased to be selected by the largest industrial electric manufacturer in the Americas for intelligence and logistics management. Our Fr8App platform represents a choice for businesses that require cost-effectiveness, efficiency and reducing administrative burden," said Javier Selgas, CEO of Freight Technologies. 

Freight Technologies is a tech company developing solutions to optimize and automate the supply chain process.

See Also: Industrial Electric Motor Manufacturer Picks Freight Technologies For Cross-Border Logistics Needs

FRGT Price Action: Freight Technologies has a 52-week high of $7.76 and a 52-week low of 18 cents.

The stock was up 35% at 31 cents at time of publication, according to Benzinga Pro.

Photo: Kosta from Pixabay.

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