Freight Technologies rolls out AI automation for invoice processing

HOUSTON - Freight Technologies, Inc. (Nasdaq:FRGT), a $12.6 million market cap freight technology solutions provider, announced Friday the launch of a new AI-powered automation module for its Fr8app and Fleet Rocket Transport Management System platforms aimed at streamlining freight billing processes. According to InvestingPro data, the company faces operational challenges with negative gross margins of around -28%.

The new feature, called Carrier Auto Invoicing, uses large language model technology to extract and validate data from XML and PDF documents, enabling automated invoice verification while ensuring compliance with Mexico’s electronic invoicing regulations.

According to the company, the system allows carriers and back-office teams to upload documentation for invoicing, after which the platform performs automatic validation and can update shipment statuses within system workflows. The technology generates validation records and provides real-time alerts for issue resolution.

"This launch marks a significant step forward in operational efficiency and compliance for our customers in Mexico and across North America," said Javier Selgas, CEO of Freight Technologies, in a press release statement.

The company indicated the new feature addresses manual tasks in traditional freight billing processes, with the goal of enabling faster settlements, improved accuracy, and enhanced fiscal transparency.

Freight Technologies offers various supply chain technology solutions including the Fr8App platform for cross-border shipping in the USMCA region, Fr8Now for less-than-truckload shipping, Fr8Fleet for enterprise clients in Mexico, Waavely for ocean freight management, and Fleet Rocket, a transportation management system.

The new automation feature specifically focuses on compliance with Mexico’s Comprobantes Fiscal Digital por Internet (CFDI) electronic invoicing regulations under the Servicio de Administración Tributaria.

In other recent news, Freight Technologies, Inc. has enhanced its logistics capabilities for Amazon Mexico by integrating its Fr8App platform with Amazon’s internal tracking system. This development provides Amazon Mexico with improved real-time visibility, allowing for precise unit location tracking, automated monitoring, and streamlined alerts. Additionally, Freight Technologies has raised $500,000 through a private sale of preferred shares to an accredited investor, netting approximately $485,000 after fees. This funding was acquired under exemptions from registration as per the Securities Act of 1933.

Moreover, Freight Technologies secured a significant two-year contract with Fletes y Distribuciones Conver S.A.P.I. de C.V. (Salzillo) to provide its Fleet Rocket Transportation Management System. This agreement will support Salzillo’s operations across Mexico, the United States, and Canada by enhancing process efficiency and shipment visibility. These recent developments highlight Freight Technologies’ ongoing efforts to expand its logistics solutions and strengthen partnerships in the industry.

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