Freight Technologies (NASDAQ: FRGT) Stock Skyrockets on AI Upgrades and Key Deals – Is the Rally Just Beginning?

Freight Technologies (NASDAQ: FRGT) Stock Skyrockets on AI Upgrades and Key Deals – Is the Rally Just Beginning?

  • Current Price & Move: FRGT shares closed around $1.23 on Oct. 27 and opened Oct. 28 near $1.93, a jump of ~57% [1] [2]. This follows a smaller 5.1% gain on Oct. 27. Year-to-date the stock is still down sharply (roughly –84% over the past 12 months [3]), having traded as high as $13.96 in the last year and briefly hitting a 52-week low of $1.15 on Aug. 21, 2025 [4] [5].
  • Recent Developments: In the past few weeks Freight Technologies announced major product upgrades. On Oct. 27 it expanded Fleet Rocket’s GPS network to 54 providers [6], and on Oct. 17 it rolled out an AI-powered invoice validation module in its Fr8App/TMS platforms [7]. Earlier this year the company announced cross-border integration with Amazon Mexico’s tracking system and signed a multi-year Fleet Rocket contract with Mexican carrier Salzillo [8] [9]. These moves reinforce Fr8Tech’s technology edge in cross-border trucking and logistics.
  • CEO Commentary: CEO Javier Selgas has emphasized these tech initiatives. For example, he said the expanded GPS network is “part of our ongoing strategy to make Fleet Rocket not just more powerful, but powerfully connected” [10]. On the AI invoice launch he noted it was “a significant step forward in operational efficiency,” removing tedious manual billing tasks and delivering “faster settlements, improved accuracy, and enhanced fiscal transparency” for carriers and shippers [11]. Selgas also stressed that expanding partnerships (like with Amazon and Salzillo) fit Fr8Tech’s vision of being a North American logistics leader [12] [13].
  • Expert/Sector Insight: The broader trucking/logistics sector has been weak, but showing signs of a turnaround. Marcin Frąckiewicz of TechStock² notes the industry “has been in a slump since 2022,” with peers Schneider and Knight-Swift off 15–18% in the last year [14]. However, he observes recent earnings surprises – e.g. J.B. Hunt (JBHT) Q3 profit – have sparked rallies (JBHT jumped 22% in mid-Oct.) [15] [16]. Analysts say new regulations and infrastructure demand may help freight volumes recover by 2026 [17]. In this context, one industry expert (on an Indian freight firm) notes that technology and automation are critical: long-term growth “hinges on margin expansion via technology/automation to achieve double-digit returns” [18]. This underlines why Fr8Tech’s AI and connectivity focus could pay off.
  • Technical Outlook & Forecasts: FRGT remains a highly volatile micro-cap with no major Wall Street coverage. TipRanks reports that an AI-driven model rates FRGT “Neutral” (41/100) with a $1.00 12-month target, citing “significant financial instability, with declining revenues and high leverage” [19]. CoinCodex’s technical forecast similarly expects FRGT to hover near $1.23–$1.27 through 2025 (implying roughly flat-to-down performance) [20]. Short-term indicators are mixed: some algorithmic screens now flip bullish (reflecting today’s jump), but TradingView data still show neutral-to-sell signals in weekly analysis (FRGT is technically in oversold territory after its slide) [21] [22]. In sum, there’s no clear consensus – models suggest limited upside beyond current levels, but the stock’s massive rally has broken past resistance for now.
  • Broader Context: Freight Tech operates at the intersection of logistics and tech. Larger peers in logistics (like JB Hunt, Schneider, XPO) are dealing with a slow freight market, while pure-play tech/logistics companies (e.g. SaaS fleet software or digital brokers) race to deploy AI and IoT. Fr8Tech’s blend of freight brokerage and SaaS (with products like Fr8App and Fleet Rocket) is fairly unique among smallcaps. For comparison, ride-hailing giant Uber (which also has a freight arm) has been pursuing electrification and drone delivery [23] [24], and IoT fleet platform Samsara (NYSE: IOT) is developing AI-driven tools (Samsara stock is essentially flat for 2025). Meanwhile, legacy carriers have struggled: Ts2 notes JB Hunt’s turn-around highlighted pent-up demand (“hunger…for good news in trucking”) [25]. In this mixed environment, Freight Technologies’ recent product wins and partnerships stand out – but investors still need to watch financial fundamentals closely as noted by analysts.

Sources: Official press releases from Freight Technologies and partners [26] [27] [28] [29] [30]; market data and stock analysis [31] [32] [33] [34]; industry news and expert commentary [35] [36] [37] [38] [39].

Here's why freight business could benefit from A.I.

References

1. stockanalysis.com, 2. www.investing.com, 3. www.tradingview.com, 4. stockanalysis.com, 5. www.tradingview.com, 6. fr8technologies.com, 7. fr8technologies.com, 8. www.globenewswire.com, 9. www.globenewswire.com, 10. fr8technologies.com, 11. fr8technologies.com, 12. www.globenewswire.com, 13. www.globenewswire.com, 14. ts2.tech, 15. ts2.tech, 16. ts2.tech, 17. ts2.tech, 18. ts2.tech, 19. www.tipranks.com, 20. coincodex.com, 21. coincodex.com, 22. www.tradingview.com, 23. ts2.tech, 24. ts2.tech, 25. ts2.tech, 26. fr8technologies.com, 27. fr8technologies.com, 28. fr8technologies.com, 29. www.globenewswire.com, 30. www.globenewswire.com, 31. stockanalysis.com, 32. www.investing.com, 33. www.tradingview.com, 34. stockanalysis.com, 35. ts2.tech, 36. ts2.tech, 37. www.tipranks.com, 38. ts2.tech, 39. coincodex.com

A technology and finance expert writing for TS2.tech. He analyzes developments in satellites, telecommunications, and artificial intelligence, with a focus on their impact on global markets. Author of industry reports and market commentary, often cited in tech and business media. Passionate about innovation and the digital economy.

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