Fr8App New Product Line, Fr8PrivateFleet, Gaining Traction
21 Marzo 2022 - 6:05AM
Hudson Capital Inc. (NASDAQ: HUSN) (Hudson) and its wholly owned
subsidiary Freight App, Inc. (Fr8App), announced its recently
launched technology solution, Fr8PrivateFleet, has already secured
new and existing Fr8App customers, including one of Mexico’s
largest food producers.
Javier Selgas, CEO of Fr8App, said, “Fr8PrivateFleet has gained
traction with both new and existing Fr8App clients, including one
of Mexico’s largest food producers, in a short amount of time. Our
technology contributes to our customers’ success by improving their
efficiency and profitability through matching shippers’
requirements with carrier capacity over time versus on a
trip-by-trip basis. Shippers want these benefits and are engaging
quickly, once again validating our platform. An added benefit from
this product is that our carrier customers use our app on a daily
basis, thus increasing the stickiness of our app over time and
helping us set the standard within this important segment of the
freight market. We are excited to see these opportunities start to
unfold and provide an additional revenue stream to the
company.”
About Freight App, Inc.
Freight App, Inc. (Fr8App), a North American transportation
logistics technology company with a specialty in US-Mexico-Canada
cross-border shipping, is a wholly owned subsidiary of Hudson
Capital, Inc. (NASDAQ: HUSN). Powered by AI and big data
analytics, the Fr8App platform connects carriers and shippers,
improving matching, increasing operational efficiency, and reducing
logistics costs. Fr8App automates the process, making
transportation simple with innovative technologies, including live
pricing and real-time tracking, digital freight marketplace,
broker, transportation management, fleet management, and committed
capacity solutions. Headquartered in Houston, Texas, Hudson Capital
Inc. is doing business as Freight App, Inc. for more info please
visit www.fr8.app.
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. Hudson Capital’s
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, Hudson Capital’s 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 Hudson Capital’s 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
maintain the listing of Hudson Capital’s ordinary shares on Nasdaq;
(3) the risk that the acquisition disrupts current plans and
operations as a result of the announcement and consummation of the
merger; (4) 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; (5) costs related to the
merger; (6) changes in applicable laws or regulations; (7) the
possibility that Hudson Capital or Fr8App may be adversely affected
by other economic, business, and/or competitive factors; (8) risks
relating to the uncertainty of the projected financial information
with respect to Fr8App; (9) risks related to the organic and
inorganic growth of Fr8App’s business and the timing of expected
business milestones; and (10) other risks and uncertainties
identified, including those under “Risk Factors”, to be filed by in
Hudson Capital’s other filings with the SEC. Hudson Capital
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. Hudson Capital and Fr8App caution
readers not to place undue reliance upon any forward-looking
statements, which speak only as of the date made. Hudson Capital
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.
Investor Relations Contacts:
Dusty Buell and Kirsten Chapman, LHA Investor Relations,
fr8app@lhai.com, 415.433.3777
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