---
title: "Freight Technologies cuts workforce, scales back brokerage in AI-focused reorganization"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292772147.md"
description: "Freight Technologies is reorganizing to pivot from freight brokerage to an AI-focused software model. The restructuring involves workforce cuts, scaled-back brokerage operations, and a transition of certain capacity operations by Q2 2026. The company raised USD 1.2 million via Series C preferred shares for working capital and restructuring costs estimated at USD 0.4 million. Additionally, debt was consolidated under a new USD 2.5 million loan maturing in June 2027."
datetime: "2026-07-15T13:02:16.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292772147.md)
  - [en](https://longbridge.com/en/news/292772147.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292772147.md)
generator: "portal-rs"
---

# Freight Technologies cuts workforce, scales back brokerage in AI-focused reorganization

-   Freight Technologies completed a corporate reorganization to pivot from online freight brokerage to a software and AI logistics model. \* Restructuring includes additional workforce cuts concentrated in brokerage, scaled-back brokerage operations, and transition of certain Fr8Fleet dedicated capacity operations in Q2 2026. \* Restructuring expected to be substantially completed by end-Q3 2026; severance and related costs estimated at USD 0.4 million. \* Raised USD 1.2 million via sale of 1,200,000 Series C preferred shares; net proceeds about USD 1.15 million for restructuring and working capital. \* Debt structure consolidated under a USD 2.5 million loan at 10% interest, maturing June 17, 2027; prior credit facility repaid and terminated. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Freight Technologies Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-033294), on July 15, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**