Freight Technologies Selected by Nestlé Mexico to Provide Domestic Logistics Services
Freight Technologies (FRGT) has been selected by Nestlé Mexico to provide domestic logistics services following an extensive evaluation process. Under a two-year agreement, Fr8App will support Nestlé's logistics operations in Mexico using its freight-matching technology to optimize over-the-road shipments across multiple Mexican lanes.
The selection was based on Fr8App's demonstrated ability to meet critical standards of quality, safety, and efficiency. The company will be responsible for supporting the seamless transportation of Nestlé's products throughout Mexico, marking a significant achievement in Fr8Tech's positioning as a key player in the logistics landscape.
Freight Technologies (FRGT) è stata selezionata da Nestlé Messico per fornire servizi di logistica domestica a seguito di un'ampia valutazione. In forza di un accordo di due anni, Fr8App supporterà le operazioni logistiche di Nestlé in Messico utilizzando la sua tecnologia di abbinamento dei carichi per ottimizzare le spedizioni su strada attraverso molteplici percorsi messicani.
La selezione si basa sulla capacità dimostrata di Fr8App di soddisfare standard critici di qualità, sicurezza ed efficienza. L'azienda sarà responsabile del trasporto senza soluzione di continuità dei prodotti Nestlé in tutto il Messico, segnando un importante traguardo nella posizione di Fr8Tech come attore chiave nel panorama della logistica.
Freight Technologies (FRGT) ha sido seleccionada por Nestlé México para proporcionar servicios de logística doméstica tras un extenso proceso de evaluación. Bajo un acuerdo de dos años, Fr8App apoyará las operaciones logísticas de Nestlé en México utilizando su tecnología de emparejamiento de carga para optimizar los envíos por carretera a través de múltiples rutas mexicanas.
La selección se basó en la capacidad demostrada de Fr8App para cumplir con estándares críticos de calidad, seguridad y eficiencia. La empresa será responsable de apoyar el transporte fluido de los productos de Nestlé en todo México, marcando un logro significativo en la posición de Fr8Tech como un actor clave en el ámbito logístico.
Freight Technologies (FRGT)는 네슬레 멕시코에 의해 국내 물류 서비스를 제공하기 위해 선정되었습니다. 2년간의 계약에 따라 Fr8App은 멕시코 전역의 다양한 노선에서 도로 화물 조정을 통해 네슬레의 물류 작업을 지원합니다.
선정은 Fr8App이 품질, 안전성 및 효율성의 중요한 기준을 충족할 수 있는 능력을 입증한 결과입니다. 이 회사는 멕시코 전역에서 네슬레 제품의 원활한 운송을 지원할 책임이 있으며, Fr8Tech가 물류 환경의 주요 플레이어로 자리매김하는 중요한 성과를 의미합니다.
Freight Technologies (FRGT) a été sélectionné par Nestlé Mexique pour fournir des services de logistique nationale suite à un processus d'évaluation approfondi. Dans le cadre d'un accord de deux ans, Fr8App soutiendra les opérations logistiques de Nestlé au Mexique en utilisant sa technologie d'appariement de fret pour optimiser les expéditions routières à travers plusieurs axes mexicains.
La sélection a été basée sur la capacité démontrée de Fr8App à répondre à des normes critiques de qualité, de sécurité et d'efficacité. L'entreprise sera responsable du transport fluide des produits de Nestlé à travers le Mexique, marquant une réalisation significative dans le positionnement de Fr8Tech en tant qu'acteur clé dans le domaine de la logistique.
Freight Technologies (FRGT) wurde von Nestlé Mexiko ausgewählt, um nach einem umfangreichen Evaluierungsprozess nationale Logistikdienstleistungen bereitzustellen. Im Rahmen eines zwei Jahre dauernden Vertrags wird Fr8App die Logistikoperationen von Nestlé in Mexiko unterstützen, indem es seine Frachtvermittlungs-Technologie nutzt, um Straßentransporte über mehrere mexikanische Routen zu optimieren.
Die Auswahl basierte auf der nachgewiesenen Fähigkeit von Fr8App, kritische Standards in Bezug auf Qualität, Sicherheit und Effizienz zu erfüllen. Das Unternehmen ist dafür verantwortlich, den nahtlosen Transport von Nestlés Produkten in ganz Mexiko zu unterstützen, was einen bedeutenden Erfolg für Fr8Tech in der Positionierung als wichtiger Akteur im Logistikbereich darstellt.
- Secured contract with Fortune 500 company Nestlé Mexico
- Two-year agreement duration provides stable revenue stream
- Strategic partnership enhances market position in Mexican logistics sector
- None.
Insights
HOUSTON, Dec. 09, 2024 (GLOBE NEWSWIRE) -- 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, today announced that global food and beverage leader, Nestlé Mexico, has selected Fr8App to support its domestic logistics operations.
Following an extensive service provider evaluation process, Nestlé Mexico chose Fr8App to support its complex logistics needs in Mexico due to the Company’s proven ability to meet the critical standards of quality, safety, and efficiency. This selection underscores Fr8App's capabilities and commitment to excellence in delivering world-class logistics solutions.
Javier Selgas, CEO of Fr8Tech, stated, "We are honored to have been selected by Nestlé Mexico for such an important role in servicing their vital logistics operations. This significant achievement is the result of our ongoing dedication to safety, reliability, and proficiency across our offerings, as well as our capacity to meet the rigorous quality standards and high levels of customer service expected from respected global leaders, such as Nestlé. Our team is excited to support the success of Nestlé's domestic logistics operations and is fully prepared to meet and exceed their expectations."
Nestlé, a Fortune 500 company and world-renowned food and beverage company known for its innovation and high standards, has entrusted Fr8App with the responsibility of supporting the seamless transportation of its products across Mexico. Under the initial two-year agreement, Fr8App will deploy its advanced, freight-matching technology to optimize over-the-road shipments across numerous Mexican lanes. By providing reliable, efficient and cost-effective service to these operations, Fr8Tech continues to position itself as a key player in the competitive logistics landscape.
About Freight Technologies Inc.
Freight Technologies (Nasdaq: FRGT) (“Fr8Tech") is a technology company offering a diverse portfolio of proprietary platform solutions powered by AI and machine learning to optimize and automate 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 seamless OTR B2B cross-border shipping across the USMCA region; Fr8Now, a specialized service for less-than-truckload (LTL) shipping; Fr8Fleet, a dedicated capacity service for enterprise clients in Mexico; and Waavely, a digital platform for efficient ocean freight booking and management of container shipments between North America and ports worldwide. Together, each product is interconnected within a unified platform to connect carriers and shippers and significantly improve matching and operation efficiency via innovative technologies such as live pricing and real-time tracking, digital freight marketplace, brokerage support, transportation management, fleet management, and committed capacity solutions. The company is headquartered in Houston, Texas. For more information, please visit fr8technologies.com.
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. Fr8Tech’s and Fr8App Inc.’s actual results may differ from their expectations, estimates and projections and, consequently, readers should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue” and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements.
These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from those discussed in the forward-looking statements. Most of these factors are outside Fr8Tech’s and Fr8App Inc.’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the inability to obtain or maintain the listing of Fr8Tech’s ordinary shares on Nasdaq; (2) changes in applicable laws or regulations; (3) the possibility that Fr8Tech or Fr8App Inc. may be adversely affected by other economic, business and/or competitive factors; (4) risks relating to the uncertainty of the projected financial information with respect to Fr8App Inc.; (5) risks related to the organic and inorganic growth of Fr8App Inc.’s business and the timing of expected business milestones; and (6) other risks and uncertainties identified, including those under “Risk Factors,” to be filed in Fr8Tech other filings with the Securities Exchange Commission.
Fr8Tech cautions that the foregoing list of factors is not exclusive. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Fr8Tech and Fr8App Inc. caution readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Fr8Tech and Fr8App Inc. do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in their expectations or any change in events, conditions or circumstances on which any such statement is based.
FAQ
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