Freight Technologies Renews Multi-Year Logistics Services Agreement with Kimberly-Clark de México
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Freight Technologies, Inc. (Nasdaq: FRGT, “Fr8Tech” or the “Company”), a logistics management innovation company, offering a diverse portfolio of technology-driven solutions that address distinct challenges within the supply chain ecosystem, announced today the renewal of its logistics services contract with Kimberly-Clark de México, S.A.B. de C.V. The renewed agreement extends the relationship for an additional two years and encompasses the transportation of products and goods throughout Mexico.
This renewal marks the continuation of a successful collaboration that began in 2022. Since inception, the relationship between Fr8Tech and Kimberly-Clark de México has grown steadily, with significant year-over-year increases in over-the-road (OTR) load capacity and expanded service. Currently, the Company is managing three key services for Kimberly-Clark: dedicated capacity under Fr8Fleet, as well as OTR spot for domestic shipments in Mexico and OTR spot for US-MX cross border shipments, both under Fr8App. Under the extended agreement, Freight Technologies will continue to provide these logistics services to help ensure the seamless distribution of Kimberly-Clark’s goods and products.
Luisa Lopez, COO of Fr8Tech, commented: “We’re pleased to extend our services with Kimberly-Clark de México for another two years. This renewal demonstrates the confidence our client has in the quality of Fr8Tech’s logistics solutions and highlights the benefits of utilizing Fr8Fleet and Fr8App in making supply chains more efficient. We are excited to continue working together as we build on the progress made over the last two years.”
Javier Selgas, CEO of Freight Technologies, added, “Our long-term relationship with Kimberly-Clark de México demonstrates the value and reliability of our logistics solutions. This renewal is a direct result of the investments and enhancements we have made in our technology and service offerings. We remain confident that it will continue to deliver long-term value to both our customers and the Company. As we continue to enhance and scale our product, we expect to further solidify our position as a key logistics provider in the Mexican region.”