Freight Technologies Inc. (NASDAQ: FRGT) Pushing for Efficient Commerce Amid Developing Driverless Truck Legislation

• FRGT, through its growing suite of solutions, is proving to be a formidable B2B cross-border shipping player in the NAFTA region
• Its ambitious efforts have seen the company join AMACARGA while also integrating with Samsara and collaborating with Trucker Tools
• By doing so, FRGT is helping the freight transportation marketplace to move commerce efficiently

Freight Technologies (NASDAQ: FRGT), a tech company on a mission to revolutionize cross-border shipping by offering carriers increased growth opportunities and shippers with flexibility, visibility, and simplicity, remains committed to helping the freight transportation marketplace to move commerce efficiently. Its recent push for its load-matching solution Fr8App, coupled with notable moves such as its collaboration with Trucker Tools, an automated booking solutions platform, reflects this commitment while pointing to the company’s current direction and plans.

Just recently, a new bill, Assembly AB 316, was tabled in California, proposing that heavy-duty autonomous trucks ought to be manned until such a point where tests conclusively show that these trucks would not be a threat. There has been a push for crewless autonomous trucks, with those against it citing motivations such as an increase in profits, but all “At the risk of public safety and the livelihoods of our trained expert trucking workforce” (https://ibn.fm/DOzc1).

FRGT recognizes these developments, and while it acknowledges that the technology has great potential, notably since it leverages technology as its core product and service, it is still pushing for efficient and cost-effective commerce in the best way it knows how. Through its growing suite of solutions, which include the Fr8App, Fr8Radar, Fr8TMS, Fr8FMS, Fr8Data, and Fr8Fleet, the company is making its mark in the industry, proving to be a formidable B2B cross-border shipping player in the NAFTA region.

Its efforts have seen the company join AMACARGA in a move that will help further expand its capabilities to include maritime services and its legacy freight offerings. These efforts have also seen FRGT’s integration with Samsara, a Connected Operations(TM) Cloud pioneer, making it easy for organizations to access, analyze and act upon the real-time data from tracks, trailers, warehouses, and equipment.

“We remain dedicated to pushing the boundaries of innovation and providing exceptional service, consistently exceeding the expectations of our valued customers,” noted Javier Selgas, FRGT’s CEO (https://ibn.fm/Dv8Oo).

This level of dedication and commitment to providing value to its customers has seen the company grow, both in terms of customer numbers and the number of partners in the current calendar year. In addition, the company is on track to carving out a decent market share in the U.S.-Mexico cross-border freight and the U.S. domestic shipping markets, which currently stand at an estimated $385 billion and $732 billion, respectively.

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