On May 23, 2018, we published revised versions of our Privacy Policy and User Agreements. Please read these updated terms and take some time to understand them. Your use of our services is subject to these revised terms.
Yes, I Agree.

Freight Technologies Inc. (NASDAQ: FRGT) Grows its Product Offering; Looks to Reinforce Business Relationships in Mexico with Scheduled CFDI 4.0 Launch

  • Freight Technologies Inc., often abbreviated as Fr8Tech, has seen the introduction of a unique solutions suite designed to optimize and automate the supply chain process and provide a platform for B2B cross-border shipping in the NAFTA region 
  • Hudson Capital Inc. acquired 100% of Freight App, Inc. as a wholly owned subsidiary on February 14, 2022, and Fr8App (a “DBA” for Freight App, Inc.) is not only a DBA name, it is their core marketplace (a service or platform under the Freight Technologies umbrella) (https://ibn.fm/mZnwe)
  • Fr8App, the company’s flagship product and platform for cross-border shipping, offers a cloud-based marketplace that simplifies the once-complex process of organizing and optimizing international over-the-road (“OTR”) shipping
  • Fr8Tech just announced that its wholly owned Mexican subsidiary is on schedule to automate the alignment of its Fr8App platform with Mexico’s CFDI 4.0, a new standard for digital tax receipts that will become mandatory in January 2023
  • Through innovation, Fr8Tech is lowering the barrier of entry into tech solutions in the cross-border shipping space, allowing shippers to enjoy flexibility, visibility, and simplicity, and carriers to achieve increased growth opportunities

The Fr8App platform for cross-border shipping, allows Freight Technologies (NASDAQ: FRGT) (Fr8Tech) to offer a cloud-based marketplace that simplifies the once-complex process of international over-the-road (“OTR”) cross-border shipping, promising shippers quick and safe cross-border shipments while streamlining daily carrier operations (https://ibn.fm/Scn3d). The platform functions just as well for domestic, intra-country operations in each of the countries of the United States of America, Mexico or Canada.  

Because of this and the other offerings in the Fr8Tech solutions suite, including but not limited to Fr8Radar, Fr8TMS, and Fr8FMS, the company has come to be known for developing solutions to optimize and automate the supply chain process, offering a powerful platform for business-to-business (“B2B”) cross-border shipping in the North American Free Trade Agreement (“NAFTA”) region. 

Fr8Tech is constantly exploring new ways to create more value for its clients and streamline the region’s cross-border shipping process. To that effect, the company’s wholly-owned subsidiary, Freight App de Mexico, SA de CV, just announced that it is on schedule to automate Fr8App’s alignment with CFDI 4.0, a legal requirement for companies that are registered in Mexico’s Tax Administration Service (“SAT”) (https://ibn.fm/BdECJ) and that carry freight across the Mexican border and, in some instances, within Mexico itself.

“We are on schedule to be prepared to support our clients with the new tax requirements by July 2022 and we will help our clients comply with this essential fiscal reporting requirement, which will allow us to reinforce our business relationships in Mexico,” noted Javier Selgas, the Chief Executive Officer (“CEO”) of Freight Technologies.

CFDI is the Digital Tax Receipt’s new version, used by taxpayers to issue electronic invoices. It replaces the previous version (“CFDI 3.3”) and features fields to identify the operations where there is an export of goods. It also helps to identify if operations covered by the receipt are subject to indirect taxes and also incorporates new sections to report information regarding operations to the general public.

Initially, the CFDI 4.0 standard was set to be mandatory as of July 2022. However, tax authorities granted an extension to January 2023. Regardless, Fr8Tech believes that the period is still too short for smaller carriers to develop their own solutions and deploy them before the deadline. As such, the company believes its offering is a more viable solution and cost-effective approach to meet the required standards. Furthermore, non-compliance, once the deadline passes, could result in fines or halting deliveries with non-compliant paperwork, which makes Fr8Tech’s solution even more appealing to businesses in the region.

“We believe that smaller carriers can’t afford to develop these solutions in a timely way on their own, so our ability to provide them with an automated tool increases our value proposition for them,” noted Mr. Selgas.

Through innovation, the company is lowering the barrier of entry into these tech solutions, making them accessible to more businesses across the region. In addition, it offers carriers increased growth opportunities and shippers flexibility, visibility, and simplicity, helping to grow the industry and the businesses therein.

Fr8Tech believes that offering its solutions will increase the value-added nature of its services, strengthen its business relationships across the NAFTA region and increase its technology’s adoption in the market. Its management is also optimistic about the future, as it continues to innovate and introduce new product offerings.

“By addressing complex tax compliance issues with technology and automation, we increase the value-added nature of our services for anyone that requires CFDI compliance,” noted Mr. Selgas.

For more information, visit the company’s website at www.Fr8Technologies.com

NOTE TO INVESTORS: The latest news and updates relating to FRGT are available in the company’s newsroom at https://ibn.fm/FRGT

About QualityStocks

QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.

QualityStocks (QS)
Scottsdale, Arizona
www.qualitystocks.com
480.374.1336 Office
Editor@QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php

Archives

Select A Month
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • November 2010
  • October 2010
  • September 2010
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • September 2009
  • August 2009
  • July 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • February 2009
  • January 2009
  • December 2008
  • November 2008
  • October 2008
  • September 2008
  • August 2008
  • July 2008
  • June 2008
  • May 2008
  • April 2008
  • March 2008
  • February 2008
  • January 2008
  • December 2007
  • November 2007
  • October 2007
  • September 2007
  • August 2007
  • July 2007
  • June 2007
  • May 2007
  • April 2007
  • March 2007
  • February 2007
  • January 2007
  • December 2006
  • November 2006
  • October 2006
  • September 2006
  • August 2006
  • July 2006
  • June 2006
  • May 2006
  • April 2006
  • March 2006
  • January 2006
  • December 2005
  • October 2005
  • September 2005
  • Market Basics

    New to the micro-cap markets?Get answers to your questions about investing in Small-Cap / Micro-Cap Stocks and learn how to protect yourself.

    The Basics

    Newsletter Publishers

    Have an up and coming newsletter and want to be included in our coverage list? Looking to get more coverage and grow subscriptions? Register for coverage.

    Register

    Public Companies

    Are you a Small-Cap / Micro-Cap company looking for coverage? We'd love to hear from you. Fill out our quick contact form or send us a text.

    Get Covered