Fleet Rocket expands GPS integration network to 73 providers

HOUSTON - Freight Technologies, Inc. (Nasdaq:FRGT) announced Tuesday it has added 19 new GPS providers to its Fleet Rocket transportation management system since October 2025, bringing the total number of integrated GPS networks to 73 across the U.S. and Mexico. The $34.6 million market cap company is making this expansion amid significant stock volatility, with shares down over 26% in the past week according to InvestingPro data.

The company’s Fr8Radar GPS integration module allows logistics teams to monitor vehicle locations from multiple carriers and GPS networks within a single interface, rather than using separate web portals for each provider. The system links geolocation data to corresponding shipment records, cargo details, and related documents.

"Fr8Radar supports a more efficient operating model for companies that work with multiple carriers and GPS providers," said Javier Selgas, CEO of Freight Technologies. "Instead of managing and tracking through dozens of separate portals, customers can monitor their shipments directly within Fleet Rocket alongside the rest of their operational and commercial data."

According to the company’s press release, the recent expansion represents the strongest period of GPS integration activity to date for the cloud-based transportation management system. The integration allows users to track, manage, document, and bill all within a single platform.

Freight Technologies describes its Fleet Rocket system as part of a portfolio of AI-enabled software solutions designed to address inefficiencies in the supply chain, with particular focus on cross-border freight across the U.S. and Mexico. Despite reporting $13.26 million in revenue for the last twelve months, the company faces challenges with negative gross profit margins. Analysts anticipate sales growth of 3.62% in the current fiscal year. InvestingPro analysis suggests the stock may be undervalued at current levels, with 14 additional ProTips available for subscribers seeking deeper insights into FRGT’s financial health and growth prospects.

In other recent news, Freight Technologies, Inc. announced a share purchase agreement to acquire JAK Solar Loans 1 Limited for $1.85 million. This acquisition includes a portfolio of 62 active U.S.-based residential solar loans with a weighted average maturity of 9.6 years. Additionally, Freight Technologies has entered into a strategic partnership with Solvento, integrating its Fleet Rocket Transportation Management System with Solvento’s financial management tools. This collaboration aims to streamline invoicing, collections, payments, and reporting functions for logistics operators. In another development, Freight Technologies has signed a multi-year agreement with Fetch Compute, Inc. to access their ASI-1 large language models platform. This agreement is intended to enhance AI-driven automation in cross-border and domestic freight operations. The company plans to use these models to create logistics-specialized AI systems. These recent developments highlight Freight Technologies’ efforts to expand its capabilities and services in the logistics and financial sectors.

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