Freight Technologies, Inc. Picked for Amazon Mexico
HOUSTON, Dec. 14, 2023 (World NEWSWIRE) — Freight Systems, Inc. (Nasdaq: FRGT), (“Fr8Tech”), a technological know-how pushed logistics organization powered by its proprietary AI and device discovering Fr8Application platform that uniquely presents a true-time portal for B2B cross-border delivery and domestic shipping inside the USMCA region, right now announces Amazon Mexico’s renewed range of Fr8App for its logistical answers.
Amazon Mexico has the moment again chosen Fr8App to navigate the logistic complexities of the higher-need season for the next consecutive year. To date, Fr8Application has successfully moved a sizeable quantity of extra than 670 cargo hundreds amongst Amazon’s distribution facilities, demonstrating its pivotal job in retaining a seamless flow of items across the region for Amazon.
Fr8Tech’s CEO Javier Selgas stated, “Our dedication to assembly customer’s wants and our continuous system enhancements have led to this remarkable chance. Amazon’s decision to select Fr8App in the course of their significant-need year validates our capabilities and positions us as the go-to logistics alternative for B2B cross-border and domestic shipping and delivery within the USMCA area. We’re excited to operate for a popular market leader like Amazon, and we’re self-confident in our potential to satisfy their stringent criteria all through the year as they keep on to develop.”
About Freight Technologies Inc.
Freight Technologies (Fr8Tech, Nasdaq: FRGT) is a technological know-how corporation developing answers to enhance and automate the offer chain course of action. Its wholly owned subsidiary, Freight Application, Inc. (Fr8App), is a B2B cross-border delivery market in the USMC area powered by AI and equipment studying. Targeted on making shipping and delivery clear and efficient, Fr8Application delivers carriers with enhanced progress possibilities and shippers with overall flexibility, visibility and simplicity for the after sophisticated course of action of international in excess of-the-highway (OTR) shipping and delivery. Fr8Application utilizes its proprietary engineering platform to hook up carriers and shippers and appreciably strengthen matching and procedure performance by using innovative technologies this sort of as dwell pricing and actual-time tracking, digital freight market, broker, transportation management, fleet management, and fully commited capability solutions. The firm is headquartered in Houston, Texas. For additional data, remember to pay a visit to fr8systems.com
Forward-On the lookout Statements
This press release consists of “forward-on the lookout statements” in the which means of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Freight Technologies’ and Fr8App’s real results may possibly vary from their anticipations, estimates, and projections and, for that reason, you should really not rely on these forward-seeking statements as predictions of long run occasions. Words and phrases this kind of as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and identical expressions (or the damaging versions of these types of words and phrases or expressions) are supposed to recognize these ahead-looking statements. These ahead-looking statements include things like, without the need of limitation, Freight Technologies’ and Fr8App’s expectations with respect to potential overall performance and expected fiscal impacts of its acquisition of Fr8App.
These ahead-wanting statements contain considerable hazards and uncertainties that could lead to the real success to differ materially from people mentioned in the forward-hunting statements. Most of these factors are outdoors Freight Technologies’ and Fr8App’s manage and are challenging to forecast. Elements that may possibly bring about such dissimilarities involve, but are not limited to: (1) the impact of the COVID-19 pandemic on Fr8App’s enterprise (2) the lack of ability to acquire or maintain the listing of Freight Technologies’ normal shares on Nasdaq (3) the ability to identify the anticipated advantages of the merger, which might be affected by, amongst other issues, levels of competition, the capability of Fr8Application to increase and handle growth profitably, and retain its vital workforce (4) expenditures linked to the merger (5) adjustments in relevant laws or polices (6) the chance that Freight Systems or Fr8App may be adversely affected by other financial, business enterprise, and/or aggressive things (7) threats relating to the uncertainty of the projected economic data with respect to Fr8Application (8) dangers relevant to the organic and inorganic advancement of Fr8App’s business and the timing of expected small business milestones and (9) other threats and uncertainties discovered, which include those people below “Risk Factors”, to be submitted by in Freight Technologies’ other filings with the SEC. Freight Systems cautions that the foregoing checklist of elements is not distinctive. Need to one or a lot more of these hazards or uncertainties materialize, or should really underlying assumptions show incorrect, real benefits may well fluctuate materially from individuals indicated or anticipated by these kinds of forward-searching statements. Freight Technologies and Fr8Application caution audience not to spot undue reliance on any ahead-searching statements, which speak only as of the date designed. Freight Technologies and Fr8Application do not undertake or acknowledge any obligation or enterprise to launch publicly any updates or revisions to any forward-seeking statements to replicate any alter in their expectations or any alter in gatherings, ailments, or circumstances on which any these types of statement is primarily based.
