Freight Technologies, Inc. Expands Relationship with Leading Glass Container Manufacturer to Enter Canadian Roads

Recurring business validates the effectiveness of Fr8App and creates new Canadian business

Freight Technologies, Inc. (NASDAQ:FRGT)

HOUSTON, UNITED STATES, Oct. 26, 2022 /EINPresswire.com/ — Freight Technologies, Inc. (Nasdaq: FRGT) (“Fr8Tech”), a technology company offering its custom-developed AI-powered Fr8App platform and machine learning and offers a real-time portal for B2B cross-border shipping and domestic shipping in the United States-Mexico-Canada (“NAFTA”) region, announces expansion of business relationship with U.S. company Fortune 500 glass container manufacturer based in Ohio.

Javier Selgas, CEO of Fr8Tech, said: “Since early 2021, the Fr8App platform has supported the logistics efforts of one of the world’s leading manufacturers of glass containers and packaging products. To date, our relationship has involved using Fr8App’s platform serving logistics needs in the US/Mexico corridor, primarily southbound exports to Mexico. After working with the Fr8App platform and the Fr8Tech team, the relationship will be extended to include additional requirements across the Canada-US border, northward into Canada. By supporting the logistics needs of a portion of our clients’ operations, southbound operations across the US-Mexico border, we are able to provide “proof of concept” and execute our strategy to deepen relationships. with customers, to provide additional services on the Fr8App platform and to increase our missions and the scope of our services. After favorable experiences with our Fr8App platform, our customers are expanding the scope of their operations on our platform, which helps to improve the efficiency and transparency of their operations and at the same time increases the overall use of our platform and revenue. of our business. We are proud to continue to support this market leader in their industry and are excited to expand the scope of services we provide to this particular client in the NAFTA region. We believe that recurring business validates our product offerings and paves the way for future and sustainable growth. »

About Freight Technologies Inc.
Freight Technologies (Nasdaq: FRGT) (“Fr8Tech”) is a technology company that develops 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 NAFTA region powered by AI and machine learning. Focused on shipping transparency and efficiency, Fr8App offers carriers increased growth opportunities and shippers flexibility, visibility and simplicity for the once complex process of international road shipping (OTR). Fr8App uses its proprietary technology platform to connect carriers and shippers and dramatically improve matching and operational efficiency through innovative technologies such as live pricing and real-time tracking, digital freight marketplace , Broker, Transport 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 contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results of Freight Technologies and Fr8App may differ from their expectations, estimates and projections. and, therefore, readers should not rely on these forward-looking statements as predictions of future events. Words such as “expect”, “estimate”, “project”, “budget”, “expect”, “anticipate”, “intend”, “plan”, “may”, “shall” , “could”, “should”, “believes”, “predicts”, “potential”, “continues” and similar expressions (or negative versions of such words or expressions) are intended to identify such forward-looking statements. These forward-looking statements include, but are not limited to, Freight Technologies’ and Fr8App’s expectations regarding future performance and the anticipated financial impacts of the acquisition.

These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those discussed in the forward-looking statements. Most of these factors are beyond the control of Freight Technologies and Fr8App and are difficult to predict. Factors that could cause such differences include, but are not limited to: (1) the impact of the COVID-19 pandemic on Fr8App’s business; (2) failure to obtain or maintain the listing of Freight Technologies common stock on Nasdaq; (3) the ability to recognize the anticipated benefits of the merger, which may be affected by, among other things, competition and Fr8App’s ability to grow and manage growth profitably and retain its key employees; (4) merger-related costs; (5) changes in applicable laws or regulations; (6) the possibility that Freight Technologies or Fr8App may be affected by other economic, commercial and/or competitive factors; (7) risks related to the uncertainty of projected financial information regarding Fr8App; (8) risks related to the organic and inorganic growth of Fr8App’s business and the timing of expected commercial milestones; and (9) other identified risks and uncertainties, including those under “Risk Factors,” to be filed in Freight Technologies’ other filings with the SEC. Freight Technologies cautions that the above 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 differ materially from those indicated or anticipated by such forward-looking statements. Freight Technologies and Fr8App caution readers not to place undue reliance on forward-looking statements, which speak only as of the date made. Freight Technologies and Fr8App do not undertake or accept any obligation or commitment to issue updates or revisions to any forward-looking statements to reflect any change in their expectations or any change in events, conditions or circumstances about which such statement is based.

Fr8Tech contact details:
[email protected]

Business communication
IBN (InvestorBrandNetwork)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
[email protected]

Business communication
Freight Technologies, Inc.
+1 310-299-1717
[email protected]
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