Freight Technologies Integrates Fr8App with Tecnomotum’s Platform to Enhance Fleet Connectivity and Efficiency
August 06 2024 - 9:00AM
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 provides a real-time portal for B2B
cross-border shipping and domestic shipping within the USMCA
region, announces its integration with Tecnomotum, one of the
largest data transmission companies for haulage in Mexico.
Tecnomotum provides customers with technology and information to
increase security, reduce accident risks and optimize its
comprehensive ecosystem for fleet connectivity and logistics
transactions. This integration aims to maximize savings, enhance
user experience, provide real-time data and streamline logistics
operations.
Fr8App continues to be at the forefront of leveraging technology
to simplify logistics and supply chain management. By focusing on
user experience and real-time data, Fr8App has eliminated pain
points for businesses as they manage their logistics operations and
optimize their supply chains.
Understanding the necessity for comprehensive and reliable fleet
connectivity, Fr8App integrated with Tecnomotum to provide
additional value and enhanced capabilities to its users. Through
this integration, users will have access to several
functionalities, including current position, position history,
messages, operational status and more.
This integration builds on the expansion earlier this year of
Fr8Radar, an essential module that integrates the Fr8App platform
with GPS providers across Mexico and the United States. In general,
the logistics ecosystem remains largely fragmented with each GPS
provider offering its own interface. Fr8Radar unifies these
disparate systems into a single, streamlined control center,
providing users with a comprehensive and centralized view of their
fleet operations.
Javier Selgas, CEO of Fr8Tech, said: "We are proud to offer our
customers an even better and more seamless experience. Fr8App's
commitment to collaborating with key players in the logistics
industry is unparalleled. With each new integration, Fr8App
solidifies its position as the most connected and integrable
platform for cross-border shipping in the USMCA region. By
continuing to partner with industry leaders, Fr8App is leading the
way in simplifying logistics processes and enhancing visibility for
customers. Our dedication to integration underscores our commitment
to delivering the best possible service to customers and is a
testament to our continued success in the logistics industry.”
About Fr8AppFr8App is a freight forwarding
matching platform that uses innovative technology to connect
shippers and carriers with available loads and trucks. With a focus
on user experience and real-time data, Fr8App is making it easier
than ever for businesses to manage their logistics operations and
streamline their supply chain. For more information, please visit
Fr8App
About Freight Technologies Inc.Freight
Technologies 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 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, brokerage, transportation
management, fleet management, and committed capacity solutions. The
company is headquartered in Houston, Texas. For more information,
please visit fr8technologies.com or connect with the company on
LinkedIn or X (Twitter).
Forward-Looking StatementsThis 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, readers 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 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, if it should
recur; (2) the inability to obtain or maintain the listing of
Freight Technologies’ ordinary shares on Nasdaq; (3) changes in
applicable laws or regulations; (4) the possibility that Freight
Technologies or Fr8App may be adversely affected by other economic,
business and/or competitive factors; (5) risks relating to the
uncertainty of the projected financial information with respect to
Fr8App; (6) risks related to the organic and inorganic growth of
Fr8App’s business and the timing of expected business milestones;
and (7) 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:
Jason FinkelsteinIgnition Investor
Relationsinvestors@fr8technologies.com
Freight Technologies (NASDAQ:FRGT)
Historical Stock Chart
From Sep 2024 to Oct 2024
Freight Technologies (NASDAQ:FRGT)
Historical Stock Chart
From Oct 2023 to Oct 2024