Freight Technologies (NASDAQ: FRGT) (“Fr8Tech”), a tech company revolutionizing cross-border shipping by offering carriers increased growth opportunities and shippers with flexibility, visibility and simplicity, is closely monitoring speed limiter directives on commercial vehicles. “As a company heavily invested in the industry, such directives could impact its performance and service delivery,” a recent article reads. “The Federal Motor Carrier Safety Administration (‘FMCSA’) proposed a rule that would mandate speed limiters for most commercial vehicles. While the exact speed has not been confirmed, safety groups have proposed a 60 mph limit for heavy-duty trucks. This is not the first time such a proposal has been brought forth. Back in the Obama administration, a similar suggestion was made, ultimately facing opposition from the American Trucking Association (‘ATA’)… The FMCSA has yet to communicate its decision on the matter, pending its review of over 15,000 comments. The ruling is projected to come in late summer or early fall, but FRGT is keeping a close eye on the matter and monitoring its development.”
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About Freight Technologies Inc.
Freight Technologies (“Fr8Tech”) is 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 USMCA 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.
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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