Why Is Freight Technologies Stock Rocketing On Friday?

Logistics technology platform Freight Technologies Inc. FRGT stock surged on Friday after the company launched an AI Lab.

The AI Lab is a specialized center focused on developing artificial intelligence technologies tailored for logistics.

The project seeks to transform the freight logistics industry, with a particular focus on cross-border trade between the United States and Mexico.

The newly launched lab stems from a wider partnership with the University of Monterrey in Mexico, established through a memorandum of understanding.

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“Freight Technologies’ AI Lab marks a new era in logistics, where AI is not just a tool but a foundational pillar of innovation. With a commitment to research, collaboration, and technological advancement, the company is poised to transform the logistics landscape, making cross-border freight more efficient, intelligent, and future-ready.” Freight CEO Javier Selgas.

The collaboration is designed to advance intelligent freight solutions by utilizing machine learning and cognitive artificial intelligence technologies.

The AI Lab will operate as a development hub focused on research, blending academic expertise with live logistics data.

Drawing from an extensive database of both domestic and cross-border freight movements, the lab aims to design AI tools that go beyond basic predictions.

These technologies will be built to grasp the challenges of logistics and deliver tailored, outcome-oriented solutions.

The long-term vision includes scaling the partnership model to other universities and institutions globally.

According to the company, future plans involve forming a networked team of AI specialists focused on deploying advanced cognitive architectures to improve decision-making, enhance automation, and deliver measurable value to customers in energy, defense, and supply chain logistics.

Price Action: FRGT shares traded higher by 19.30% at $1.12 at last check on Friday.

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