NetworkNewsBreaks – Freight Technologies Inc. (N
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Posted On: 03/22/2023 4:34:12 PM
NetworkNewsBreaks – Freight Technologies Inc. (NASDAQ: FRGT) Eyes Continued Growth in Cross-Border and Domestic FTL Offerings
Freight Technologies (NASDAQ: FRGT) (“Fr8Tech”), an over-the-road shipping technology innovator, is dedicated to keeping freight moving around the country and between the United States’ primary land-based trading partners in an efficiently designed and successful manner. The company does this using its flagship AI-powered Fr8App B2B marketplace as a powerful tool. “Fr8Tech recently announced its market guidance data, projecting revenues of between $36 million and $42 million for 2023, which will be an increase over 2022’s preliminary revenue figures of approximately $26 million to $27 million. The company’s projections for revenue growth are underscored by the comments President Biden made during the annual State of the Union address, restating the administration’s goal of promoting made-in-America projects despite continued strong impetus in the business sector for trading with foreign economies, particularly market-dominant imports ($537 billion in 2022) from China… Commercial truck transport is a key element of the land-based trade closest to home undergirding administration shipping policies both for domestic manufacture and partners in the United States-Mexico-Canada Agreement (‘USMCA’),” a recent article reads. “We look forward to continued growth in our cross-border and domestic FTL offerings over the course of the next 12 to 24 months and come into 2023 with a strong pipeline of existing customers and new prospects and growing lines of business,” Fr8Tech CEO Javier Selgas is quoted as saying.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Freight Technologies (NASDAQ: FRGT) (“Fr8Tech”), an over-the-road shipping technology innovator, is dedicated to keeping freight moving around the country and between the United States’ primary land-based trading partners in an efficiently designed and successful manner. The company does this using its flagship AI-powered Fr8App B2B marketplace as a powerful tool. “Fr8Tech recently announced its market guidance data, projecting revenues of between $36 million and $42 million for 2023, which will be an increase over 2022’s preliminary revenue figures of approximately $26 million to $27 million. The company’s projections for revenue growth are underscored by the comments President Biden made during the annual State of the Union address, restating the administration’s goal of promoting made-in-America projects despite continued strong impetus in the business sector for trading with foreign economies, particularly market-dominant imports ($537 billion in 2022) from China… Commercial truck transport is a key element of the land-based trade closest to home undergirding administration shipping policies both for domestic manufacture and partners in the United States-Mexico-Canada Agreement (‘USMCA’),” a recent article reads. “We look forward to continued growth in our cross-border and domestic FTL offerings over the course of the next 12 to 24 months and come into 2023 with a strong pipeline of existing customers and new prospects and growing lines of business,” Fr8Tech CEO Javier Selgas is quoted as saying.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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