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Amazon Selects Fr8App Technology for Logistics Solutions During High Demand Season
HOUSTON, Dec. 14, 2023 (GLOBE NEWSWIRE) — Freight Technologies, Inc. (Nasdaq: FRGT), (“Fr8Tech”), a technology driven logistics company powered by its proprietary AI and machine learning Fr8App platform that uniquely provides a real-time portal for B2B cross-border shipping and domestic shipping within the USMCA region, today announces Amazon Mexico’s renewed selection of Fr8App for its logistical solutions.
Amazon Mexico has once again selected Fr8App to address the logistical complexities of the high-demand season for the second year in a row. To date, Fr8App has effectively moved a significant number of more than 670 product loads between Amazon’s fulfillment centers, demonstrating its critical role in maintaining a nationwide product line for Amazon.
Javier Selgas, CEO of Fr8Tech, said: “Our commitment to meeting visitors’ desires and the continuous improvement of our platform has led to this exciting opportunity. Amazon’s decision to opt for Fr8App during its peak demand season validates our capabilities and positions us as the go-to logistics solution for domestic and cross-border B2B shipments in the USMCA region. We are thrilled to be running for a leading leader like Amazon and are confident in our ability to meet their strict criteria next year. they keep growing. “
About Cargo Technologies Inc.
Freight Technologies (Fr8Tech, Nasdaq: FRGT) is a generation company that provides answers to optimize and automate the origin chain procedure. Its wholly-owned subsidiary, Freight App, Inc. (Fr8App), is a B2B cross-border shipping marketplace in the USMC region, powered through artificial intelligence and device learning. With a focus on transparency and power in shipping, Fr8App offers shippers greater opportunities for expansion and shippers flexibility, visibility, and simplicity for the once-complex procedure of overseas ocean trucking (OTR). Its proprietary generation platform to connect carriers and carriers, and in particular, operational and matchmaking power through cutting-edge technologies such as live pricing and real-time tracking, virtual freight marketplace, broker, shipment management, fleet management, and committed capacity responses. The company is headquartered in Houston, Texas. For more information, visit fr8technologies. com
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. The actual effects of Freight Technologies and Fr8App would possibly differ from their expectations, estimates, and projections. and, therefore, does not rely on such forward-looking statements as predictions of long-term events. Words such as “expect,” “estimate,” “project,” “budget,” “anticipate,” “anticipate,” “intend,” “plan,” “potentially,” “may,” “could,” “believe,” “predict,” “potential,” “continue” and similar expressions (or the negative versions of those words or expressions) are intended to identify those forward-looking statements. These forward-looking statements include, but are not limited to, Freight Technologies and Fr8App’s expectations related to the long-term functionality and expected monetary effects of their acquisition of Fr8App.
These forward-looking views involve vital dangers and uncertainties that may also cause actual effects to differ materially from those discussed in the forward-looking views. Most of those points are outside the control of Freight Technologies and Fr8App and are difficult to predict. Factors that may also cause such differences include, but are not limited to: (1) the effect of the COVID-19 pandemic on Fr8App’s business; (2) failing to download or maintain Freight Technologies’ common inventory directory on Nasdaq; (3) the ability to recognize the expected benefits of the merger, which would likely be affected by, among other things, competition, Fr8App’s ability to grow and manage its expansion profitably and retain its key employees; (4) costs similar to those of a merger; (5) adjustments in applicable legislation or regulations; (6) the option that Freight Technologies or Fr8App could possibly be adversely affected through other economic, commercial and/or competitive aspects; (7) dangers similar to the uncertainty of projected monetary data related to Fr8App; (8) similar dangers to the biological and non-biological expansion of Fr8App’s business and the timing of expected commercial milestones; and (9) other known dangers and uncertainties, including those under “Risk Factors,” which will be disclosed by Freight Technologies in other filings with the SEC. Freight Technologies cautions that the above list of points is not exclusive. If one or more such hazards or uncertainties materialize, or if underlying assumptions prove incorrect, actual effects may also differ materially from those indicated or expected by such projections. Freight Technologies and Fr8App caution readers not to place undue reliance on forward-looking announcements, which speak only as of the date on which they are made. Freight Technologies and Fr8App neither take nor accept any legal responsibility nor undertake to publicly release any update or revision to any forward-looking announcement to reflect any revision in its expectations or any revision in events, situations or cases on which it is based. Training