Freight Technologies (NASDAQ: FRGT) (“Fr8Tech”) is a technology company whose custom-developed Fr8App platform is powered by AI and machine-learning and offers a real-time portal for B2B cross-border shipping and domestic shipping within the United States-Mexico-Canada (“USMC”) region. The company today announced that it now supports cross-border logistics requirements for a global electric-electronic equipment company with eighteen different factories and distribution centers across the U.S. and Mexico. “It is important for us to understand and satisfy our clients’ goals, and we are very pleased to deliver a solution that truly meets our clients’ multinational needs,” said Fr8Tech CEO Javier Selgas. “We are pleased to be selected by the largest industrial electric manufacturer in the Americas for intelligence and logistics management. Our Fr8App platform represents a choice for businesses that require cost-effectiveness, efficiency and reducing administrative burden. We are confident that our Fr8App platform will provide solutions to a number of multinational clients and shippers for many years to come.”
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About Freight Technologies Inc.
Freight Technologies is a technology company developing solutions to optimize and automate the supply chain process. Its wholly owned subsidiary, Freight App Inc. (“Fr8App”), is a B2B cross-border shipping marketplace in the USMC region powered by AI and machine learning. Focused on making shipping transparent and efficient, Fr8App provides carriers with increased growth opportunities and shippers with flexibility, visibility and simplicity for the once-complex process of international over-the-road (“OTR”) shipping. Fr8App uses its proprietary technology platform to connect carriers and shippers and significantly improve matching and operation efficiency via innovative technologies such as live pricing and real-time tracking, digital freight marketplace, broker, transportation management, fleet management, and committed capacity solutions. The company is headquartered in Houston, Texas. For more information, please visit Fr8Technologies.com.
NOTE TO INVESTORS: The latest news and updates relating to FRGT are available in the company’s newsroom at https://ibn.fm/FRGT
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