Freight Technologies (NASDAQ: FRGT), has announced key changes to its executive team and board of directors. Freight Technologies is a technology company whose custom-developed Fr8App, an industry-leading, freight-matching platform powered by AI and machine-learning and offers a real-time portal for business-to-business (“B2B”) cross-border shipping and domestic shipping within the USMCA region. The company appointed Don Quinby as its new chief financial officer while announcing that Paul Freudenthaler, the company’s former CFO, was named a member of FRGT’s board of directors; the changes were effective Jan. 19, 2024. According to the announcement, the changes support Fr8Tech’s commitment to promoting internal talent and recognizing the valuable contributions of its executives. The company acknowledged Freudenthaler’s exceptional leadership, dedication and strategic financial insights and noted that he will bring invaluable perspective to his new board responsibilities.
The announcement also recognized the experience and expertise that Quinby has acquired during his career, particularly in financial management, strategic planning and corporate finance. The company noted that “his proven track record in navigating dynamic business environments aligns seamlessly with Fr8Tech ‘s commitment to sustained growth and innovation.” Quinby has most recently served in key roles in financial planning and analysis (“FP&A”) and investor relations in the 2023 IPO of Nextracker, a leading company in the solar tracker industry. “Don brings an excellent set of skills and insight relevant to the stage of growth of our company,” said Freight Technologies CEO Javier Selgas in the press release. “I am very pleased with the new perspective we will get with Don and his incorporation into the executive team, from disciplined planning to sophisticated investor relations management.”
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About Freight Technologies Inc.
Freight Technologies is a technology company developing solutions to optimize and automate the supply chain process. Its wholly owned subsidiary, Freight App Inc. (“Fr8App”), is a business-to-business, cross-border shipping marketplace in the United States-Mexico-Canada Agreement (“USMCA”) region powered by artificial intelligence (“AI”) and machine learning. Focused on making shipping transparent and efficient, Fr8App provides carriers with increased growth opportunities and shippers with flexibility, visibility and simplicity for the once-complex process of international over-the-road (“OTR”) shipping. Fr8App uses its proprietary technology platform to connect carriers and shippers and significantly improve matching and operation efficiency via innovative technologies such as live pricing and real-time tracking, digital freight marketplace, broker, transportation management, fleet management and committed capacity solutions. The company is headquartered in Houston, Texas. For more information about the company, please visit www.FR8Technologies.com.
NOTE TO INVESTORS: The latest news and updates relating to FRGT are available in the company’s newsroom at https://ibn.fm/FRGT
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