Hudson Capital Inc. Shares Up After Subsidiary Freight App, Inc. Launched New Technology Solution
Mar 21, 2022 By MarketDepth
Hudson Capital Inc. (NASDAQ: HUSN) shares spiked more than 50% after the Company announced that its recently launched technology solution, Fr8PrivateFleet, has already secured new and existing Fr8App customers, including one of Mexico’s largest food producers.
Connects Carriers to Shippers
Hudson Capital Inc., through its subsidiary, Freight App, Inc., operates a transportation logistics technology platform in North American. 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.
“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.”Javier Selgas, CEO of Fr8App