FRGT - Fr8App Awarded Key Routes from Envases Universales Collaboration

2024-02-26 06:59:28 ET

DENVER, Colo., Feb 26, 2024 ( 247marketnews.com )- Freight Technologies, Inc. (NASDAQ: FRGT ) stated, this morning, that it is collaborating with Envases Universales, one of the largest packaging companies worldwide. Fr8App was awarded key routes through Envases’ annual 2024 RFQ. The collaboration is estimated to be valued at more than $5 million, over the next twelve months and encompass 24 dedicated lanes, mostly from Mexico to the United States.

Freight Tech is trading at $2.67, up $0.59 (+28.37%), on 764K shares traded.

Its 52-week range is $1.86 to $34.10. It hit its 52-week low in early February, but today’s move has it within striking distance of a new one moth high.

“We are thrilled to have been chosen by Envases Universales to help manage their transportation needs over the coming year,” said Fr8App’s CEO, Javier Selgas. “This collaboration not only speaks to our capabilities but also to the trust Envases Universales has in our ability to deliver exceptional service. It also highlights the importance of tactical collaboration between the companies in driving profitable growth and achieving excellence in dependable and efficient logistics execution.”

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