** Shares of supply chain manager Freight Technologies FRGT.O rise 5.5% to $1.25

** FRGT to lay off about 20% if its employees to reduce operating costs, co says

** As of Dec. 31, 2023, FRGT had 78 full-time employees, according to SEC filling

** Co says it is also launching its transportation management system $(TMS.AU)$ software in February to help companies manage and optimize their logistics operations

** Says TMS software will help companies track and manage shipments, carriers, routes and documents in real-time

** FRGT fell 98% in 2024

(Reporting by Kamal Choudhury in Bengaluru)

((Kamal.Choudhury@thomsonreuters.com;))