Freight Technologies shares rise 10.48% premarket after ÖBB Rail Cargo Group demo train expansion and DAC technology testing in Austria.

Freight Technologies surged 10.48% in premarket trading following news of the ÖBB Rail Cargo Group's DAC demo train initiative in Austria. The project, which tests digital automatic couplings (DACs) and diverse freight wagon configurations, highlights advancements in rail freight efficiency and interoperability. The train’s expansion from eight to 24 wagons, along with its focus on data collection for European research and hybrid coupling systems, signals growing demand for modern freight technologies. The inclusion of 44 DACs from multiple manufacturers and the use of Siemens Mobility retrofitted locomotors underscore the project’s innovation and scalability. This development aligns with Freight Technologies’ core focus on rail freight solutions, positioning the company to benefit from global adoption of digital coupling systems and operational efficiency improvements. The Austrian trials, alongside cross-border testing in Germany, Italy, Sweden, and Switzerland, further validate the project’s strategic relevance to the sector.