Freight Technologies, Inc. Selected for Amazon Mexico Business
December 14 2023 - 5:30AM
Freight Technologies, Inc. (Nasdaq: FRGT), (“Fr8Tech”), a
technology driven logistics company powered by its proprietary AI
and machine learning Fr8App platform that uniquely provides a
real-time portal for B2B cross-border shipping and domestic
shipping within the USMCA region, today announces Amazon Mexico’s
renewed selection of Fr8App for its logistical solutions.
Amazon Mexico has once again chosen Fr8App to navigate the
logistic complexities of the high-demand season for the second
consecutive year. To date, Fr8App has successfully moved a
substantial quantity of more than 670 cargo loads between Amazon’s
distribution centers, demonstrating its pivotal role in maintaining
a seamless flow of goods across the country for Amazon.
Fr8Tech’s CEO Javier Selgas stated, “Our commitment to meeting
customer’s needs and our continuous platform improvements have led
to this exciting opportunity. Amazon's decision to choose Fr8App
during their high-demand season validates our capabilities and
positions us as the go-to logistics solution for B2B cross-border
and domestic shipping within the USMCA region. We're excited to
work for a prominent market leader like Amazon, and we're confident
in our ability to meet their stringent standards throughout the
year as they continue to expand.”
About Freight Technologies Inc.
Freight Technologies (Fr8Tech, Nasdaq: FRGT) 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
Forward-Looking Statements
This press release includes “forward-looking statements” within
the meaning of the “safe harbor” provisions of the United States
Private Securities Litigation Reform Act of 1995. Freight
Technologies' and Fr8App’s actual results may differ from their
expectations, estimates, and projections and, consequently, you
should not rely on these forward-looking statements as predictions
of future events. Words such as “expect,” “estimate,” “project,”
“budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,”
“will,” “could,” “should,” “believes,” “predicts,” “potential,”
“continue,” and similar expressions (or the negative versions of
such words or expressions) are intended to identify such
forward-looking statements. These forward-looking statements
include, without limitation, Freight Technologies’ and Fr8App’s
expectations with respect to future performance and anticipated
financial impacts of its acquisition of Fr8App.
These forward-looking statements involve significant risks and
uncertainties that could cause the actual results to differ
materially from those discussed in the forward-looking statements.
Most of these factors are outside Freight Technologies’ and
Fr8App’s control and are difficult to predict. Factors that may
cause such differences include, but are not limited to: (1) the
impact of the COVID-19 pandemic on Fr8App’s business; (2) the
inability to obtain or maintain the listing of Freight
Technologies’ ordinary shares on Nasdaq; (3) the ability to
recognize the anticipated benefits of the merger, which may be
affected by, among other things, competition, the ability of Fr8App
to grow and manage growth profitably, and retain its key employees;
(4) costs related to the merger; (5) changes in applicable laws or
regulations; (6) the possibility that Freight Technologies or
Fr8App may be adversely affected by other economic, business,
and/or competitive factors; (7) risks relating to the uncertainty
of the projected financial information with respect to Fr8App; (8)
risks related to the organic and inorganic growth of Fr8App’s
business and the timing of expected business milestones; and (9)
other risks and uncertainties identified, including those under
“Risk Factors”, to be filed by in Freight Technologies' other
filings with the SEC. Freight Technologies cautions that the
foregoing list of factors is not exclusive. Should one or more of
these risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary materially
from those indicated or anticipated by such forward-looking
statements. Freight Technologies and Fr8App caution readers not to
place undue reliance upon any forward-looking statements, which
speak only as of the date made. Freight Technologies and Fr8App do
not undertake or accept any obligation or undertaking to release
publicly any updates or revisions to any forward-looking statements
to reflect any change in their expectations or any change in
events, conditions, or circumstances on which any such statement is
based.
Fr8Tech Contact:
investors@fr8technologies.com
Corporate Communications
IBN (InvestorBrandNetwork)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
Editor@InvestorBrandNetwork.com
Freight Technologies (NASDAQ:FRGT)
Historical Stock Chart
From Jun 2024 to Jul 2024
Freight Technologies (NASDAQ:FRGT)
Historical Stock Chart
From Jul 2023 to Jul 2024