Freight Technologies, Inc. Integrated with newtrul, Significantly Expanding Network Scope and Reach
09 6월 2022 - 8:05PM
Freight Technologies, Inc. (Nasdaq: FRGT, Fr8Tech), a technology
company developing solutions to optimize and automate the supply
chain process, providing a platform for B2B cross-border shipping
in the NAFTA region, completed its integration with newtrul, a
centralized portal that connects shippers, brokers and over 100,000
carriers in the United States.
Ed Stockman, CEO of newtrul, said, “The Fr8App real time,
cloud-based broker portal powered by AI combines everything in one
control center, optimizing logistics, making fleets more efficient
and reducing transportation costs. We are pleased to partner with
Fr8App to provide our customers with more options to secure loads
and improve their businesses.”
Javier Selgas, CEO of Fr8Tech, said, “As a market leader,
newtrul has accumulated a high-level customer base. With over
100,000 registered carriers of all sizes, newtrul makes load
booking transactions for thousands of trucks easy, and our
integration with newtrul increases the scope and reach of the
market we serve. By reaching another tier of carriers in the US, we
believe this relationship will drive growth in 2022 and
beyond.”
About newtrul newtrul provides customers a
first-generation metasearch engine and portal for carriers to
easily search, find, and book loads. Carriers can use newtrul to
access our customer’s real, bookable shipments, and instantly book
freight or begin digital negotiations. We integrate directly to our
customer’s TMS systems so that every load posting in our portal is
updated, accurate and ready to book. And registration to newtrul
for carriers is always FREE!
About Freight Technologies Inc. Freight
Technologies (Fr8Tech, Nasdaq: FRGT) 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 NAFTA 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
over-the-road (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, broker, transportation
management, fleet management, and committed capacity solutions. The
company is headquartered in Houston, Texas. For more information,
please visit fr8technologies.com
Forward Looking Statements This 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, you 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 include, without limitation, Freight
Technologies’ and Fr8App’s expectations with respect to future
performance and anticipated financial impacts of the
acquisition.
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 COVID-19 pandemic on Fr8App’s business; (2) the inability
to obtain or maintain the listing of Freight Technologies’ ordinary
shares on Nasdaq; (3) the ability to recognize the anticipated
benefits of the merger, which may be affected by, among other
things, competition, the ability of Fr8App to grow and manage
growth profitably, and retain its key employees; (4) costs related
to the merger; (5) changes in applicable laws or regulations; (6)
the possibility that Freight Technologies or Fr8App may be
adversely affected by other economic, business, and/or competitive
factors; (7) risks relating to the uncertainty of the projected
financial information with respect to Fr8App; (8) risks related to
the organic and inorganic growth of Fr8App’s business and the
timing of expected business milestones; and (9) other risks and
uncertainties identified, including those under “Risk Factors”, to
be filed by 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:Kirsten Chapman, LHA Investor
Relations, fr8tech@lhai.com, 415.433.3777
newtrul Contact: Sara Ballen, Sales Manager,
Demand, newtrul inc., sales@newtrul.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/02cf3347-0d08-48c1-8149-26675d44c3c0
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