USMCA | Jotup

Freight Technologies, Inc. Preliminary Results for Q4 2023 Show Strong Revenue Growth

Retrieved on:

Monday, March 25, 2024

B2B, YTD, Growth, USMCA, AI, CFO, Video game

Fr8Tech marks its third consecutive quarter of notable revenue growth in Q4 2023 achieving approximately $5 million in quarterly revenue, reflecting 7.5% growth compared to the previous quarter and more than 16% growth compared to the fourth quarter of 2022.

Key Points:

Fr8Tech marks its third consecutive quarter of notable revenue growth in Q4 2023 achieving approximately $5 million in quarterly revenue, reflecting 7.5% growth compared to the previous quarter and more than 16% growth compared to the fourth quarter of 2022.
The YTD gross margin percentage rose to 9.3%, showcasing a more than 50-basis point improvement over the prior year-to-date results in 2022.
Don Quinby, CFO of Fr8Tech, said: "The company continued to demonstrate strong execution in its core offerings for cross-border shipping and dedicated fleet services with the third straight quarter of revenue growth.
The market has recovered from its lows in late 2022 and early 2023, and we are back on a growth trajectory.

Fr8App’s Innovative Platform Transforms Cross-Border Shipping for Riisa

Retrieved on:

Wednesday, March 20, 2024

B2B, USMCA, Warehouse

During this time, Fr8App has facilitated Riisa’s cross-border exportations, enabling them to move their products with ease and efficiency.

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During this time, Fr8App has facilitated Riisa’s cross-border exportations, enabling them to move their products with ease and efficiency.
Alejandro Ayala from Riisa said: "Through Fr8App we have been able to streamline our logistics operations, save time and money, and ensure that our products arrive on time and in perfect condition.
Javier Selgas, CEO of Fr8Tech said: “Our Fr8App platform is the perfect tool for companies looking to optimize their cross-border logistics operations and reduce logistics costs.
Fr8Tech is committed to continuing to provide the best possible logistics solutions to Riisa and all of its clients.”
Fr8App continues to redefine the logistics landscape, empowering businesses like Riisa with cutting-edge solutions that enhance operational efficiency and elevate the overall shipping experience.

Fr8App Awarded Key Routes with Envases Universales

Retrieved on:

Monday, February 26, 2024

Transport, B2B, USMCA

Fr8App was awarded key routes through Envases’ annual 2024 RFQ, underscoring Fr8App’s commitment to delivering exceptional transportation services and its capability to meet the evolving needs of its clients.

Key Points:

Fr8App was awarded key routes through Envases’ annual 2024 RFQ, underscoring Fr8App’s commitment to delivering exceptional transportation services and its capability to meet the evolving needs of its clients.
Over the duration of the commitment, Fr8App, through its advanced technology and experienced team, will be responsible for transporting more than 1,600 loads, ensuring the timely and secure delivery of Envases Universales’ goods.
“This collaboration not only speaks to our capabilities but also to the trust Envases Universales has in our ability to deliver exceptional service.
If Envases Universales experiences lower than expected customer demand or production output, the amount of the awarded routes may be adjusted accordingly.

Fr8Tech Regains Compliance with Nasdaq’s Minimum Bid Price Listing Rule

Retrieved on:

Wednesday, February 21, 2024

B2B, USMCA, Cryptocurrency

HOUSTON, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (Nasdaq: FRGT) (“Fr8Tech’’), a technology company whose custom-developed, industry-leading Fr8App freight-matching platform offers a real-time portal for B2B cross-border and domestic shipping within the USMCA region, previously announced that it received written notification on August 21, 2023, from The Nasdaq Stock Market LLC that it did not comply with the minimum bid price requirement for continued listing on the Nasdaq Capital Market pursuant to the Nasdaq Listing Rule 5550(a)(2) because the closing bid price for the Company's ordinary shares had fallen below $1.00 per share for 30 consecutive business days.

Key Points:

HOUSTON, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (Nasdaq: FRGT) (“Fr8Tech’’), a technology company whose custom-developed, industry-leading Fr8App freight-matching platform offers a real-time portal for B2B cross-border and domestic shipping within the USMCA region, previously announced that it received written notification on August 21, 2023, from The Nasdaq Stock Market LLC that it did not comply with the minimum bid price requirement for continued listing on the Nasdaq Capital Market pursuant to the Nasdaq Listing Rule 5550(a)(2) because the closing bid price for the Company's ordinary shares had fallen below $1.00 per share for 30 consecutive business days.
On February 20, 2024, the Company received notification from The Nasdaq Stock Market LLC that its staff had determined that for the last 10 consecutive business days, from February 5 through February 16, 2024, the closing bid price of the Company’s ordinary shares had been at $1.00 per share or greater.
Accordingly, the Company has regained compliance with Listing Rule 5550(a)(2), and this matter is now closed.

ITRI Partners with Mexico's Sonora to Foster Science Park Development

Retrieved on:

Friday, February 23, 2024

ICT, Senior, Artificial intelligence, Science, Pleasure, ITRI, USMCA, United, Senior counsel, Semiconductor, Partnership

HSINCHU, Feb. 23, 2024 /PRNewswire/ -- ITRI has signed a consulting service agreement with the state of Sonora in Mexico for science park planning and counseling, deepening Mexico-Taiwan cooperation in the fields of technology and industry.

Key Points:

HSINCHU, Feb. 23, 2024 /PRNewswire/ -- ITRI has signed a consulting service agreement with the state of Sonora in Mexico for science park planning and counseling, deepening Mexico-Taiwan cooperation in the fields of technology and industry.
The effort includes regional coopetition analysis, strategy consulting, business development, capability enabling, and implementation support, aiming to create a competitive and sustainable science park in Sonora.
Sonora, aligning its vision with "Plan Sonora," the state's sustainability development strategy, has noted the surge in international companies relocating their supply chains to Mexico.
In response, the state has launched the development of the Sonora Science and Technology Park to meet the growing demands of emerging industries such as ICT and electric vehicles.

Fr8App Showcased at Geotab Connect 2024

Retrieved on:

Thursday, February 15, 2024

Resorts World, Transport, B2B, Geotab, Artificial intelligence, USMCA

HOUSTON, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (Nasdaq: FRGT) (“Fr8Tech''), a technology company whose custom-developed Fr8App, an industry-leading freight-matching platform powered by artificial intelligence (“AI”) and machine-learning and offering a real-time portal for B2B cross-border shipping and domestic shipping within the USMCA region, received a special invitation to participate in the prestigious Geotab Connect 2024 event.

Key Points:

HOUSTON, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (Nasdaq: FRGT) (“Fr8Tech''), a technology company whose custom-developed Fr8App, an industry-leading freight-matching platform powered by artificial intelligence (“AI”) and machine-learning and offering a real-time portal for B2B cross-border shipping and domestic shipping within the USMCA region, received a special invitation to participate in the prestigious Geotab Connect 2024 event.
Geotab, a global leader in connected transportation solutions, is hosting its 7th annual event from February 14 to 16, 2024, taking place at Resorts World in Las Vegas.
Geotab Connect 2024 promises to deliver unparalleled insights into the ever-evolving landscape of connected vehicles, data intelligence, artificial intelligence, and sustainability.
For more information about Geotab Connect 2024, please visit www.geotab.com/connect/

Freight Technologies, Inc. Announces Key Leadership Changes

Retrieved on:

Wednesday, January 24, 2024

Jowzar-e Javid, USMCA, AI, Strategic planning, B2B, IPO, Financial management, Growth, Management

This move reflects Fr8Tech's commitment to promoting internal talent and recognizing the valuable contributions of its executives.

Key Points:

This move reflects Fr8Tech's commitment to promoting internal talent and recognizing the valuable contributions of its executives.
Fr8Tech expresses its gratitude for Mr. Freudenthaler's exceptional leadership, dedication and strategic financial insights.
His proven track record in navigating dynamic business environments aligns seamlessly with Fr8Tech 's commitment to sustained growth and innovation.
He most recently played key roles in FP&A and investor relations in the 2023 IPO of Nextracker, a leading company in the solar tracker industry.

Irwin P. Altschuler Rejoins Greenberg Traurig's International Trade Practice in Washington, D.C.

Retrieved on:

Thursday, January 18, 2024

International trade, LLP, Policy, Culture, Commerce, USMCA, Guillermo, Altschuler, Drug

WASHINGTON, Jan. 18, 2024 /PRNewswire-PRWeb/ -- Irwin P. Altschuler returned to global law firm Greenberg Traurig, LLP as a shareholder in its International Trade Practice based in the Washington, D.C., office.

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Irwin P. Altschuler returned to global law firm Greenberg Traurig, LLP as a shareholder in its International Trade Practice based in the Washington, D.C., office.
WASHINGTON, Jan. 18, 2024 /PRNewswire-PRWeb/ -- Irwin P. Altschuler returned to global law firm Greenberg Traurig, LLP as a shareholder in its International Trade Practice based in the Washington, D.C., office .
Prior to joining DEACERO as senior advisor for international affairs, Altschuler had been with Greenberg Traurig for 16 years and served as chair of the International Trade Practice, with a significant portion of that time focused on the trade and policy issues related to the United States and Mexico.
Altschuler arrives at the firm just one week after Guillermo Sánchez Chao joined Greenberg Traurig's Mexico City office as an international trade shareholder.

J.B. Hunt Adds Former Kansas City Southern President and CEO Patrick Ottensmeyer to Board of Directors

Retrieved on:

Tuesday, January 16, 2024

Ottensmeyer brings more than 17 years of rail industry experience to the company’s board.

Key Points:

Ottensmeyer brings more than 17 years of rail industry experience to the company’s board.
He served as president and CEO of Kansas City Southern (KCS), a Class I railroad, from 2015 to 2023, until the completion of the merger creating Canadian Pacific Kansas City (CPKC) in 2023.
Ottensmeyer served as the U.S. Chairman of the U.S. Chamber of Commerce’s U.S.-Mexico Economic Council (USMXECO) from 2019 to 2023.
Ottensmeyer is the third new board member since 2021 for J.B. Hunt and will serve on the board’s Compensation Committee and Nominating and Governance Committee.

CES 2024: ZKW and LG present vehicle lighting systems of the future

Retrieved on:

Wednesday, January 10, 2024

CO2, Rehau, Headlamp, Lighting, Internet, Research, HD, OTT, OSRAM, LG, Electronics, Bumper, USMCA, Chevrolet Silverado, Netflix, GM, Communication, Volvo, Consumer Electronics Show, Safety, Animation, Polymer, CES, Light, Concept car, Television

In the CES Public Area, the LG Concept Car offers visitors an insight into the future of automotive entertainment.

Key Points:

In the CES Public Area, the LG Concept Car offers visitors an insight into the future of automotive entertainment.
ZKW will use demonstrators to show how modern lighting, electronics and sensor systems can be integrated into vehicle fronts.
At CES, the lighting systems specialist will be demonstrating how sustainable lighting can be achieved through optimized materials and processes.
As part of the "SusMat4CarLight" project, ZKW is working with partners to research recyclable materials for future lighting systems, including polymers based on renewable raw materials.