Summary by Moomoo AI
Freight Technologies, Inc., also known as Fr8Tech, announced the launch of Waavely, a new digital ocean freight platform, on July 8, 2024. Waavely is designed to transform the ocean freight booking and management process, offering instant quotes, booking, real-time tracking, and full transparency for container shipments between North America and global ports. The platform, which is already operational and handling shipments, integrates with Fr8Tech's existing Fr8App, allowing customers to manage both over-the-road and ocean freight within a single system. This launch aims to optimize maritime logistics operations, reduce costs, and improve efficiency for businesses. Fr8Tech, headquartered in Houston, Texas, is a technology company focused on automating the supply chain process with AI and machine learning. The company's platforms are scalable, aiming to meet the growing demand and adapt to the logistics industry's evolving needs.