Freight Technologies (NASDAQ: FRGT) (“Fr8Tech”), a technology company offering its custom-developed Fr8App platform, which 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 (“NAFTA”) region, today announced the expansion of its commercial relationship with a leading glass container manufacturing company based in Ohio. “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. Our relationship to date involved the use of Fr8App’s platform addressing logistics needs in the U.S./Mexico corridor, primarily southbound exports into Mexico,” said Javier Selgas, CEO of Fr8Tech. “After working with the Fr8App platform and the Fr8Tech team, the relationship will be extended to include additional needs across the U.S./Canada border, northbound into Canada. By addressing the logistics needs in one part of our customer’s operations, the southbound operations across the U.S./Mexico border, we are able to provide ‘proof of concept’ and execute on our strategy to deepen customer relationships, deliver additional services on the Fr8App platform and increase our assignments and the breadth of services. After favorable experiences with our Fr8App platform, our customers expand the scope of their operations on our platform, which helps improve the efficiency and transparency of their operations and at the same time increases the overall use of our platform and our company’s revenues.”
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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 NAFTA 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, visit the company’s website at Fr8Technologies.com.
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