HOUSTON, Dec. 14, 2023 (GLOBE NEWSWIRE) — Freight Technologies, Inc. (Nasdaq: FRGT), also known as Fr8Tech, has once again been chosen by Amazon Mexico to handle its logistical needs during the high-demand season. This marks the second consecutive year that Fr8Tech’s Fr8App platform has been selected by Amazon Mexico.
Fr8App has proven its capabilities by successfully moving over 670 cargo loads between Amazon’s distribution centers. This has played a crucial role in ensuring a smooth flow of goods across the country for Amazon.
Javier Selgas, CEO of Fr8Tech, expressed excitement about this opportunity and highlighted the company’s commitment to meeting customer needs and continuous platform improvements. He emphasized that Amazon’s decision to choose Fr8App during their high-demand season validates their capabilities and establishes them as the go-to logistics solution for B2B cross-border and domestic shipping within the USMCA region. Selgas also expressed confidence in their ability to meet Amazon’s stringent standards throughout the year as the company continues to expand.
Freight Technologies (Fr8Tech) is a technology company focused on optimizing and automating the supply chain process. Its subsidiary, Freight App, Inc. (Fr8App), operates a B2B cross-border shipping marketplace powered by AI and machine learning in the USMCA region. Fr8App aims to make shipping transparent and efficient by providing carriers with growth opportunities and offering shippers flexibility, visibility, and simplicity in international over-the-road (OTR) shipping. The company utilizes innovative technologies such as live pricing and real-time tracking to improve matching and operation efficiency.
Please visit fr8technologies.com for more information about Freight Technologies Inc.
Note: This press release contains forward-looking statements, and readers are advised not to rely solely on these statements as predictions of future events. Actual results may differ from expectations due to various factors, including those outside the control of Freight Technologies and Fr8App. These factors include the impact of the COVID-19 pandemic, the ability to maintain listing on Nasdaq, competition, and the ability to recognize the anticipated benefits of the merger. Freight Technologies and Fr8App caution readers not to place undue reliance on forward-looking statements, as they speak only as of the date made. Updates or revisions to these statements may be made in the future to reflect any changes in expectations or circumstances.
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