Freight Technologies shares surge 11.09% premarket after announcing multi-year AI partnership with Fetch Compute to enhance logistics automation.

Freight Technologies surged 11.09% in premarket trading following the announcement of a multi-year agreement with Fetch Compute to access its ASI-1 large language model platform and developer tools. This partnership aims to accelerate Fr8Tech’s development of logistics-specialized AI systems, including autonomous task agents and real-time voice-enabled tools, to enhance automation in cross-border and domestic freight operations. The integration of Fetch AI’s technology is expected to improve multi-agent collaboration for procurement, scheduling, and communication, positioning Fr8Tech to strengthen its AI-driven logistics solutions. The news directly aligns with the company’s strategic focus on AI innovation, making it the primary catalyst for the sharp premarket increase.