Freight Technologies’ Fr8App Platform, Joins AMACARGA, Strengthening Its Position as a Leader in the Logistics Industry
25 Luglio 2023 - 2:32PM
Freight Technologies, Inc. (Nasdaq: FRGT) (“Fr8Tech''), a
technology company whose custom-developed Fr8App, an
industry-leading freight-matching platform powered by AI and
machine-learning that offers a real-time portal for B2B
cross-border shipping and domestic shipping within the USMCA
region, announces it is joining the Mexican Association of Cargo
Agents (“AMACARGA”). This step is being taken to help further
expand Fr8App’s capabilities to include maritime services in
addition to its legacy freight offerings.
As part of its comprehensive freight-matching platform, Fr8App
is expanding its capabilities to cater to the growing demands of
its clients importing from Asia, particularly in the realm of
Less-Than-Truckload (LTL) shipping. The company is adapting its
innovative Fr8App platform to seamlessly integrate with marine
shipping operations, providing a streamlined and efficient solution
to meet the unique needs of LTL shipments.
AMACARGA, known for its authoritative voice among Mexican and
international chambers, associations and authorities, holds the
distinction of being the largest association of cargo agents in
Mexico. It is the sole Mexican association affiliated with FIATA,
ALACAT, and CEC of IATA. By joining AMACARGA, Freight Technologies
expects to gain exceptional expertise and adherence to industry
standards, further bolstering its reputation as a reliable and
trustworthy freight solution provider.
"We are excited to join AMACARGA, a prestigious institution in
the field of cargo agents," expressed Javier Selgas, CEO of
Fr8Tech. "This membership will help us expand the footprint of
offerings to our clients and validate our continuous efforts to
revolutionize the logistics industry and underscore our unwavering
commitment to delivering cutting-edge solutions to our clients. We
remain dedicated to pushing the boundaries of innovation and
providing exceptional service, consistently exceeding the
expectations of our valued customers."
About Freight Technologies Inc.
Freight Technologies (Nasdaq: FRGT) (“Fr8Tech") 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 USMCA
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 and the ability of
Fr8App to grow, 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 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 CommunicationsIBN
(InvestorBrandNetwork)Los Angeles,
Californiawww.InvestorBrandNetwork.com310.299.1717
OfficeEditor@InvestorBrandNetwork.com
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