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Fr8App Onboards Leading Trucking Company for Its Private Fleet Services, Expanding Transportation Capacity

Freight Technologies, Inc’s subsidiary, Fr8App, expands transportation capacity for its private fleet services by onboarding a leading trucking company in Mexico.

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, is proud to announce an alliance with MAJOBA Logistics, a leading transportation company in Mexico, to increase the volume of trucks available for Fr8Fleet dedicated services.

Majoba Logistics will be on-boarding its fleet of vehicles to the Fr8App platform, allowing Fr8App to offer a wider range of transportation options to its customers. This alliance will also allow Fr8App to provide more efficient and cost-effective transportation services to its clients.

“We are very happy to partner with Majoba Logistics,” said Javier Selgas, CEO of Fr8App. “Their commitment to providing high-quality and dedicated logistics services aligns perfectly with our mission to revolutionize the transportation industry. Together, we will be able to provide an even wider range of options and services to our customers.””We started offering our Fr8Fleet (private fleet) product last year and look forward to more than doubling its size this year. We are elated to have one of the leading innovative freight companies in Mexico, join our platform with the view to helping grow the traffic in our Fr8Fleet offering.” Selgas concluded.

Majoba Logistics CEO, Aarón Elizondo, said “We are excited to partner with Fr8App and offer their customers even additional options for their transportation needs. This partnership will allow us to expand our reach and through technology, provide even safer, more efficient and cost-effective logistics services.”

About MAJOBA

MAJOBA Logistics is a transportation company with headquarters in the city of León, Guanajuato, that is based on innovation in the freight trucking service. All of the company’s personnel have extensive experience in the environment, thus supporting quality in personalized service and effective processes, seeking evolution with ideas that revolutionize distribution and logistics for the complete satisfaction of our customers. For more information, visit http://www.majoba.mx/.

About Freight Technologies

Freight Technologies (Nasdaq: FRGT) (“Fr8Tech”) is a technology company offering a diverse portfolio of proprietary platform solutions that incorporate AI and machine learning tools to optimize and automate aspects of the supply chain process. Focused on addressing the distinct challenges within the supply chain ecosystem, the Company’s portfolio of solutions includes the Fr8App platform for over-the-road (OTR) B2B cross-border shipping across the USMCA region; Fleet Rocket, a nimble, scalable and cost-effective Transportation Management System (TMS) for brokers, shippers, and other logistics operators; Fr8Radar, a GPS integration and shipment visibility module within Fleet Rocket that enables real-time tracking of in-transit freight across the U.S.-Mexico corridor; Zayren, an AI-based, pricing-prediction tool and carrier-matching platform designed specifically for cross-border and domestic OTR freight shipments across Mexico and the United States; and DODA Smart, an AI-assisted customs compliance platform to monitor, verify and trace Digital Customs Documents (DODAs) for trade operators in Mexico. Each product is interconnected within a unified platform to connect carriers and shippers and significantly improve matching and operational efficiency via innovative technologies such as live pricing, real-time tracking, digitization of critical documentation, brokerage support, transportation management, fleet management, and committed capacity solutions.

Forward-looking statements

This press release includes forward-looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates and projections, and you should not rely on these statements as predictions of future events. These statements involve risks and uncertainties, most of which are outside the Company’s control and difficult to predict. Factors that may cause such differences are identified in the Company’s filings with the U.S. Securities and Exchange Commission. Freight Technologies cautions readers not to place undue reliance on any forward-looking statement, which speaks only as of the date made, and undertakes no obligation to update or revise any of them.

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