Freight Technologies (NASDAQ: FRGT) is now trading on the Nasdaq Market. Formerly known as Hudson Capital Inc. (NASDAQ: HUSN), the company changed its name and ticker effective May 27, 2022. According to the announcement, the company will continue to do business under its wholly owned subsidiary’s commercial name: Freight App Inc. (“Fr8App”). The Freight App platform combines technology and artificial intelligence to offer its cloud-based solutions suite that automates the over-the-road transportation process, ultimately decreasing the need for human touch points and reducing load booking time to minutes or even instantaneously. The suite includes Fr8app, a B2B marketplace powered by AI and machine learning that provides a real-time broker portal; Fr8Radar, which offers track-and-trace visibility in real time and all in one screen; Fr8TMS, a transportation management system; Fr8FMS, a fleet management system; Fr8Data, which offers real-time dashboards and reports to shippers and carriers; and Fr8Fleet, which offers private fleet management that enables large corporate shippers to purchase dedicated capacity. “As a hi-tech transportation logistics company 100% in North America, our new Freight Technologies moniker aptly creates a cohesive umbrella for all of our solutions,” said Fr8Tech CEO Javier Salgas in the press release. “In 2022, we are gaining traction as evidenced by our record monthly sales in April, and our positive trend in loads carried this year. We are executing our growth strategy and look forward to delivering in 2022 and beyond.”
To view the full press release, visit https://ibn.fm/NLKu3
About Freight Technologies Inc.
Freight Technologies is a North American transportation logistics technology platform company focused on U.S.-Mexico-Canada cross-border shipping. Its wholly owned subsidiary, Freight App Inc. (Fr8App), focuses on truckload freight, making shipping simple, transparent and efficient. 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. For more information, please visit www.FR8Technologies.com.
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