Yes they both do. But so does e+i. Like in weight or freight. Unfortunately, the English language can also pronounce e+i like a long i as in height but that is the convention used in dictionaries for pronunciation.
freight |freɪt|
noun
1 goods transported by truck, train, ship, or aircraft.
• the transport of goods by truck, train, ship, or aircraft.
• a charge for such transport.
2 (in full freight train) a train of freight cars : sugar and molasses moving by freight.
3 a load or burden.
There is no "i" sound in freight. You might be thinking of fright
fright |frʌɪt|
noun
1 a sudden intense feeling of fear : I jumped up in fright.
• an experience that causes one to feel sudden intense fear : she's had a nasty fright | I got the fright of my life seeing that woman in the hotel.
2 a person or thing looking grotesque or ridiculous.