Freight Technologies Inc. (NASDAQ: FRGT) Offers Versatile and Reliable Cross-Border Logistics in the USMCA Region Amid Railroad Disruptions

  • Temporary railroad shutdowns in December 2023 stranded nearly 10,000 rail cars on both sides of the U.S. and Mexico border with embargoed goods on over 60 trains
  • With disruptions to cross-border trade on the rise, companies are seeking more reliable ways to organize, facilitate, and monitor their cross-border shipments
  • Fr8Tech, a tech company on a mission to revolutionize cross-border shipping, has positioned itself as the go-to brand for such services through its Fr8App system
  • Fr8App seamlessly connects shippers with carriers and drivers, and offers comprehensive real-time tracking, fleet management, live pricing, and transportation management

The ongoing migrant crisis has exposed the downsides of reliance on America’s railroad network (https://ibn.fm/CwfUV). Two international railway crossing bridges in Texas were temporarily shut down in December 2023 following a reported surge in smuggling of migrants through Mexico by train.  The shutdown stranded nearly 10,000 rail cars on both sides of the border, with goods embargoed on over 60 trains every day of the closure (https://ibn.fm/BgyXU).

Situations like these have highlighted the value of a reliable and dependable way to organize, facilitate, and monitor cross-border shipments, especially within the USMCA (United States-Mexico-Canada Agreement) region. Freight Technologies (NASDAQ: FRGT) (“Fr8Tech”), a tech company that is transforming cross-border shipping by offering carriers and shippers unmatched flexibility, visibility, and simplicity, has been at the forefront of pushing for such services, mainly through its Fr8App system that has proven its reliability and versatility over time.

Most recently, Fr8App was selected by Envases Universales, one of the world’s largest packaging companies, to help manage transportation needs over the next 12 months. Fr8App will cover 24 dedicated routes, mainly from Mexico to the US, estimated to be worth more than $5 million (https://ibn.fm/Q5BKa). The company also marked its second year working with Amazon Mexico, a testament to its commitment to meeting customers’ needs and its continuous platform improvements.

“Our commitment to meeting customers’ needs and our continuous platform improvements have led to this exciting opportunity,” noted Javier Selgas, Fr8Tech’s CEO (https://ibn.fm/vJ0t2).

These achievements validate Fr8Tech’s offerings and their ability to offer a viable alternative to companies’ reliance on the railroad network. They also point to the power of technology and how it allows previously unattainable levels of flexibility, cost savings, and overall reliability for USMCA cross-border shipping. The Fr8App is supported by artificial intelligence (“AI”), machine learning, and cloud computing, providing an unrivaled freight-matching platform with a real-time portal for B2B cross-border and domestic shipping. With Fr8App, connecting shippers with carriers and drivers is efficient and seamless (https://ibn.fm/lq8oM).

Railway closures on US-Mexico border crossings might be inevitable in the current political environment.  However, the accompanying delays and financial impact to shippers need not be.  Fr8App understands the complexities of cross-border logistics and knows that disruptions, such as railway closures, might occur.  The company helps its customers navigate the process, providing business continuity and peace of mind.

As more challenges to cross-border trade emerge, Fr8Tech’s importance will become more pronounced.  The company has already positioned itself as the go-to brand for cross-border shipping solutions in the USMCA region and is poised to strengthen its market position in 2024.

For more information, visit the company’s website at www.Fr8Technologies.com, and its freight matching platform information site at www.Fr8.App.

NOTE TO INVESTORS: The latest news and updates relating to FRGT are available in the company’s newsroom at https://ibn.fm/FRGT

Corporate Communications
IBN (InvestorBrandNetwork)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
Editor@InvestorBrandNetwork.com

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