FRGT - Freight Technologies Inc. Secures Major Win with Leading Global Pharmaceutical Giant | Benzinga
HOUSTON, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (NASDAQ:FRGT) ("Fr8Tech"), a technology company whose custom-developed Fr8App, an industry-leading freight-matching platform powered by AI and machine-learning and offers a real-time portal for B2B cross-border shipping and domestic shipping within the USMCA region, proudly announces a significant achievement with the recent success of securing an RFQ (Request for Quotation) from a leading global pharmaceutical giant.
The prestigious pharmaceutical conglomerate, renowned for its unwavering commitment to global health and life-changing innovations, has chosen Fr8App as its trusted partner for a crucial logistics operation. This RFQ win marks a monumental milestone for the organization and underscores its continued dedication to excellence and industry-leading logistics solutions.
Under the terms of the RFQ, Fr8App has been awarded 33 lanes to transport pharmaceutical goods from the United States to both Mexico and Canada. The project entails the movement of one to three loads daily per lane, ensuring the timely and secure delivery of vital pharmaceutical products to these international destinations. This immense responsibility is a testament to Fr8Tech's unwavering commitment to safety, reliability and precision in logistics operations.
The duration of the RFQ extends over seven months, during which Fr8App will provide uninterrupted, end-to-end logistics solutions, including secure transportation, tracking and reporting for each load. Fr8App's dedicated team of professionals will be overseeing this vital operation to guarantee the smooth and efficient delivery of these critical pharmaceutical products.
"We are incredibly proud and honored to have been chosen to undertake this vital logistics operation," said Javier Selgas, CEO of Fr8Tech. "This achievement represents a significant step in our mission to provide world-class logistics services, especially in the pharmaceutical industry, where precision and reliability are paramount. Our team is ready and excited ...