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NetworkNewsBreaks – Freight Technologies Inc. (N

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Posted On: 01/05/2023 3:33:17 PM
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Posted By: NetworkNewsWire
NetworkNewsBreaks – Freight Technologies Inc. (NASDAQ: FRGT) Secures Stream of Steady Business on Fr8App Platform

Freight Technologies (NASDAQ: FRGT) (“Fr8Tech”), a company specializing in creating and providing supply chain optimization and automation solutions, and Freight App Inc. (“Fr8App”), its wholly owned subsidiary, have always sought to create offerings that contribute to their clients’ success by improving efficiency and profitability. “Designed to help solve shippers’ needs to secure freight capacity over time rather than on a trip-by-trip basis and guarantee carriers a steady stream of revenue, Fr8PrivateFleet matches carriers with the capacity for predetermined amount of load over a stated period with shippers… The advantages of Fr8PrivateFleet persuaded new and existing Fr8App customers to integrate it into their operations, among them the product’s first client, Kimberly Clark de Mexico, SAB de C.V. (‘KCM’), and one of Mexico’s largest food producers. Over the months since Fr8Tech announced KCM as Fr8PrivateFleet’s first client, the relationship has expanded significantly… In a development that further expands this relationship, Fr8Tech recently announced it had secured a two-year commitment from KCM to expand its fleet product,” a recent article reads. “It is very rewarding to receive this commitment, which we will begin to fulfill as soon as we secure the capacity required to do so,” Luisa Lopez, COO of Fr8App, is quoted as saying. “An attractive feature of a longer-term contract is that it secures a stream of steady business on our Fr8App platform over the term of the contract.”

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