- Cross-border shipping solutions developer Freight Technologies Inc. is a B2B marketplace builder focused on providing the commercial trucking industry with transparent and efficient automation to simplify necessary communications, coordination and paperwork
- Freight Technologies, also known as Fr8Tech, upgraded its brand and ticker symbol earlier this year following its reverse merger with Hudson Capital Inc.
- Amid the upgrade, the company is reporting new record quarterly revenue that grew by 60 percent over the previous quarter and 45 percent YOY
- The company expects improving market conditions as the nation continues to rebound from COVID’s economic effects to drive long-term growth
At the height of the COVID pandemic two years ago, a large number of people found themselves out of work — many because of economic factors that ravaged day-to-day business cultures and others because they apparently decided it was a good time to choose more satisfying work (https://ibn.fm/gXIpx).
The commercial trucking industry’s personnel shortages were a major factor in generating supply chain bottleneck frustrations that have further impacted the economy with retail product insecurity, but as vaccines have helped to drive a reopening of the labor market a newly diverse cadre of…
NOTE TO INVESTORS: The latest news and updates relating to FRGT are available in the company’s newsroom at https://ibn.fm/FRGT
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