HOUSTON, Dec. 14, 2023 (Globe NEWSWIRE) — Freight Technologies, Inc. (Nasdaq: FRGT), (“Fr8Tech”), a technological innovation driven logistics business powered by its proprietary AI and device understanding Fr8App platform that uniquely supplies a authentic-time portal for B2B cross-border shipping and domestic delivery within the USMCA area, right now announces Amazon Mexico’s renewed selection of Fr8App for its logistical alternatives.
Amazon Mexico has after again decided on Fr8Application to navigate the logistic complexities of the large-demand from customers season for the second consecutive calendar year. To date, Fr8App has correctly moved a sizeable quantity of far more than 670 cargo masses concerning Amazon’s distribution centers, demonstrating its pivotal purpose in preserving a seamless flow of merchandise across the state for Amazon.
Fr8Tech’s CEO Javier Selgas said, “Our commitment to meeting customer’s demands and our constant system advancements have led to this exciting option. Amazon’s choice to opt for Fr8Application for the duration of their large-need season validates our capabilities and positions us as the go-to logistics option for B2B cross-border and domestic transport inside of the USMCA location. We’re enthusiastic to perform for a outstanding sector chief like Amazon, and we’re self-assured in our capability to meet their stringent specifications all over the calendar year as they continue to extend.”
About Freight Systems Inc.
Freight Technologies (Fr8Tech, Nasdaq: FRGT) is a technological innovation company establishing solutions to improve and automate the supply chain process. Its wholly owned subsidiary, Freight App, Inc. (Fr8App), is a B2B cross-border shipping and delivery market in the USMC location driven by AI and machine understanding. Centered on earning shipping and delivery clear and successful, Fr8Application presents carriers with amplified growth alternatives and shippers with flexibility, visibility and simplicity for the at the time elaborate approach of intercontinental over-the-street (OTR) delivery. Fr8App utilizes its proprietary technology platform to connect carriers and shippers and significantly improve matching and operation effectiveness by using modern systems this kind of as live pricing and serious-time tracking, electronic freight market, broker, transportation management, fleet management, and fully commited capability alternatives. The organization is headquartered in Houston, Texas. For extra data, you should take a look at fr8systems.com
Forward-Searching Statements
This push launch contains “forward-wanting statements” within the which means of the “safe harbor” provisions of the United States Personal Securities Litigation Reform Act of 1995. Freight Technologies’ and Fr8App’s precise results might differ from their anticipations, estimates, and projections and, as a result, you should not depend on these forward-looking statements as predictions of upcoming gatherings. Text these types of as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and related expressions (or the destructive variations of these kinds of words or expressions) are supposed to identify these forward-seeking statements. These ahead-seeking statements incorporate, devoid of limitation, Freight Technologies’ and Fr8App’s anticipations with regard to foreseeable future effectiveness and predicted monetary impacts of its acquisition of Fr8Application.
These ahead-looking statements involve considerable threats and uncertainties that could trigger the real results to differ materially from people discussed in the ahead-hunting statements. Most of these elements are exterior Freight Technologies’ and Fr8App’s handle and are tricky to predict. Variables that might trigger these types of distinctions incorporate, but are not confined to: (1) the impression of the COVID-19 pandemic on Fr8App’s company (2) the incapability to get or manage the listing of Freight Technologies’ common shares on Nasdaq (3) the ability to realize the anticipated advantages of the merger, which may perhaps be affected by, among the other factors, competition, the skill of Fr8App to improve and manage growth profitably, and retain its essential staff members (4) charges linked to the merger (5) modifications in applicable legislation or rules (6) the risk that Freight Systems or Fr8Application may possibly be adversely afflicted by other financial, enterprise, and/or competitive aspects (7) dangers relating to the uncertainty of the projected fiscal information and facts with regard to Fr8App (8) risks connected to the natural and inorganic advancement of Fr8App’s enterprise and the timing of envisioned enterprise milestones and (9) other hazards and uncertainties discovered, like people under “Risk Factors”, to be submitted by in Freight Technologies’ other filings with the SEC. Freight Systems cautions that the foregoing listing of variables is not unique. Ought to just one or more of these threats or uncertainties materialize, or should really fundamental assumptions show incorrect, genuine results might vary materially from individuals indicated or expected by these forward-seeking statements. Freight Systems and Fr8Application warning audience not to position undue reliance upon any forward-hunting statements, which converse only as of the date built. Freight Systems and Fr8App do not undertake or settle for any obligation or enterprise to release publicly any updates or revisions to any forward-looking statements to reflect any modify in their anticipations or any change in events, ailments, or conditions on which any such statement is dependent.
