HUSN - Hudson Capital up 28% as FreightHub posts stellar Q3 results

Hudson Capital (HUSN) jump 28% in premarket trading after transportation logistics technology platform company FreightHub posted a 138% surge in Q3 revenue, helped by its new product offerings during the period.Hudson Capital to acquire FreightHub, said it expects fourth quarter to be "robust", and sees full year revenue to more than double compared to the prior year."Fr8Hub’s new product offerings, together with a more highly trained and focused salesforce, were the reasons for the revenue increase by 138% for the third quarter and 84% for the nine months ended September 30, 2020, as compared to the prior year periods," Javier Selgas, CEO of Fr8Hub said.Hudson Capital shares have lost about 35% of their value this year.Press Release

For further details see:

Hudson Capital up 28% as FreightHub posts stellar Q3 results