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Hudson Capital Inc. (HUSN) announced a definitive merger agreement with Freight App, Inc. (Fr8App), a logistics technology platform focused on US-Mexico shipping. Fr8App has secured contracts with major companies utilizing the El Paso port, the second busiest US-Mexico land port, which holds 10% of the cross-border freight market. The merger aims to enhance Fr8App's efficiency in connecting carriers and shippers through its digital freight marketplace, potentially increasing revenue from truckload freight. Shareholders are advised to read the forthcoming SEC materials for critical information.
Hudson Capital (NASDAQ: HUSN) announced a merger agreement with FreightHub, Inc. (Fr8Hub), a North American logistics technology platform. Fr8Hub reported substantial revenue growth, with a 394% increase to $5.9 million in Q2 2021, and a 294% rise to approximately $10.7 million for the first half of 2021, compared to the same periods last year. This growth showcases Fr8Hub's ability to meet logistics challenges in a competitive market. Investors are encouraged to review the financial results filed with the SEC, highlighting the company's promising outlook in the cross-border shipping sector.
Hudson Capital (NASDAQ: HUSN) has appointed Luisa Irene Lopez as the new COO of FreightHub, effective August 2, 2021. Lopez brings over 25 years of experience in logistics and operations, previously directing business strategies at Landstar and managing transport units at Traxion. Her leadership is expected to enhance Fr8Hub's operational efficiency and revenue growth in North America, particularly in the US-Mexico cross-border logistics market. Hudson Capital is advancing with the merger process, filing relevant materials with the SEC.
Hudson Capital (NASDAQ: HUSN) has announced a definitive merger agreement with FreightHub, Inc. (Fr8Hub), a logistics tech platform focusing on cross-border shipping. This merger comes as Fr8Hub doubles its Canadian carrier network in response to rising demand from truckload freight customers. CEO Javier Selgas stated that the expansion aims to enhance their presence in the U.S.-Canada and U.S.-Mexico markets. This move is supported by Fr8Hub's innovative digital marketplace, which is expected to improve operational efficiency and customer service.
Hudson Capital Inc. (NASDAQ: HUSN) announced a merger with FreightHub, Inc. (Fr8Hub), a logistics technology platform focused on US-Mexico shipping. Fr8Hub has launched its Electronic Data Interchange (EDI) interface, enhancing customer interactions and improving operational efficiency. This development is expected to expand their customer base and competitive edge. Hudson Capital intends to file materials with the SEC regarding the merger, encouraging shareholders to review relevant documents for essential information on this transaction.
Hudson Capital Inc. (NASDAQ: HUSN) announced a definitive Merger Agreement with FreightHub, Inc. (Fr8Hub), a North American logistics platform. Fr8Hub has successfully completed its integration with Google Cloud, enhancing its data analytics, security, and operational efficiency. CEO Javier Selgas stated the integration will enable faster innovation and better service delivery, aiding customers in competing effectively amid supply chain pressures. Hudson Capital plans to file relevant materials with the SEC for the merger, emphasizing the importance of reviewing these documents for shareholders.
Hudson Capital (NASDAQ: HUSN) announced a merger agreement with FreightHub, Inc. (Fr8Hub), a logistics technology platform focused on US-Mexico shipping. The partnership with RC Control aims to enhance visibility in cross-border freight operations. Fr8Hub's mobile app will now integrate with RC Control’s technology, providing 24/7 tracking for users. This collaboration addresses significant needs within the logistics sector. Hudson Capital plans to file a registration statement with the SEC related to this merger and urges shareholders to review upcoming materials for important details.
Hudson Capital Inc. (NASDAQ: HUSN) announced a merger agreement with FreightHub, Inc. (Fr8Hub), a logistics technology platform focused on cross-border shipping. Fr8Hub reported a record Q1 2021 revenue of $4.8 million, up 216% YoY, driven by a growing customer base, including Fortune 500 clients. Fr8Hub's management emphasizes growth and technology development, expecting strong demand as supply chains recover from COVID-19. Details on Fr8Hub's financial results can be found in Hudson Capital’s amended Registration Statement on Form S-4 filed with the SEC.
Hudson Capital Inc. (NASDAQ: HUSN) announced on May 18, 2021, that it received notification from Nasdaq regarding non-compliance with Listing Rule 5550(b)(1) due to insufficient stockholders’ equity, reported at $631,145 against the $2.5 million requirement. The company has until June 28, 2021, to submit a compliance plan. Hudson Capital is in the process of merging with FreightHub, Inc. to meet the requirements for continued listing. The merger is seen as a potential pathway to regain compliance with Nasdaq's regulations.
Hudson Capital (NASDAQ: HUSN) announced a definitive merger agreement with FreightHub, Inc. (Fr8Hub), a logistics technology platform. Fr8Hub has significantly expanded its customer base, increasing from 130 to over 330 customers, including major food manufacturers and retailers. Since 2015, Fr8Hub has delivered over 15,000 loads, nearly half in the past six months. The carrier base grew from 1,700 to 1,963. Fr8Hub's CEO expressed optimism about growth, citing new technology enhancements aimed at attracting more users. Relevant materials concerning the merger will soon be filed with the SEC.
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