Freight App, Inc. Projects for 2022 Revenue to Grow Over 86% vs. 2021
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Hudson Capital Inc. (NASDAQ: HUSN)(Hudson Capital) announced that Freight App, Inc. (Fr8App), a North American transportationlogistics technology platform company focused on US-Mexico cross-border shipping with whichHudson Capital has entered into a merger agreement, projects 2022 revenue to be no less than $40million, compared to preliminary 2021 revenue of approximately $21.5 million.
“Fr8App continues to gain momentum as 2022 revenue is projected to grow at least 86% and morethan four times, compared to 2021 and 2020, respectively,” commented Javier Selgas, CEO ofFr8App. “More importantly, we continue to invest in our technology and are capturing early returnsfrom our new product offerings. For example, last week, we launched Fr8PrivateFleet, which alreadyhas begun to receive acceptance by a number of our carrier customers and participating shippers,including a large, publicly-listed, branded consumer product manufacturer in Mexico. Complementingour other product offerings and leveraging on our core platform, we expect Fr8PrivateFleet to yield asteady, repetitive revenue stream.
“In 2022, we expect to unveil more easy-to-use technology solutions with benefits attractive to newand existing customers. We believe 2022 is poised to be a breakout year, and we are excited aboutour future prospects to continue to drive shareholder value.”
About Freight App, Inc.Freight App, Inc. (Fr8App), formerly known as FreightHub, Inc., makes shipping simple, transparent,and efficient. A transportation logistics technology platform company, Fr8App focuses on truckloadfreight for domestic and cross-border markets in Mexico, the US and Canada. As an innovativedigital freight marketplace, broker, transportation management system (TMS) and public API,Fr8App uses its proprietary technology platform to connect carriers and shippers that significantlyimproves matching and operation efficiency via innovative technologies such as live pricing and real-time tracking.
About Hudson Capital Inc.Incorporated in 2014, Hudson Capital Inc. (formerly known as China Internet Nationwide FinancialServices Inc. (NASDAQ: HUSN)) commenced its business by providing financial advisory services tosmall and medium size companies. The traditional business segments include commercial paymentadvisory, intermediary bank loan advisory and international corporate financing advisory serviceswhich help clients to meet their commercial payment and investment needs. For more information,about Hudson Capital, please see the documents filed by Hudson Capital with the SEC atwww.sec.gov.