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$Freight Technologies (FRGT.US)$ Globe Newswire 11-Sep-2024 9:15 AM
HOUSTON, Sept. 11, 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 its selection by Bayer CropScience LP ("Bayer"), a division of Bayer AG, as a key logistics provider for the 2025 season. Following a Request for Proposal process, Fr8App has been awarded six essential cross-border lanes to provide truckload services for Bayer's various business units in the United States.
This strategic win marks a significant step forward for Fr8Tech as it continues to advance its cross-border over-the-road (OTR) offering in the competitive logistics market. Bayer CropScience LP, a global leader in agricultural products, selected Fr8App to support its key goals of supplier consolidation, cost optimization, cross-divisional synergies, and enhanced carrier performance. Aligned with Bayer's mission, Fr8App's role will focus on facilitating seamless and secure transportation across the US-Mexico border, ensuring timely and reliable delivery of Bayer's agricultural products.
"This Bid Award from Bayer is an important milestone for Fr8App, reflecting the strength of our technology and the trust major global brands place in our ability to execute complex cross-border logistics," said Javier Selgas, CEO of Fr8Tech. "We are honored to be part of Bayer's strategy for optimizing supply chain efficiency, and we are committed to exceeding their expectations in the 2025 season and beyond."
HOUSTON, Sept. 11, 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 its selection by Bayer CropScience LP ("Bayer"), a division of Bayer AG, as a key logistics provider for the 2025 season. Following a Request for Proposal process, Fr8App has been awarded six essential cross-border lanes to provide truckload services for Bayer's various business units in the United States.
This strategic win marks a significant step forward for Fr8Tech as it continues to advance its cross-border over-the-road (OTR) offering in the competitive logistics market. Bayer CropScience LP, a global leader in agricultural products, selected Fr8App to support its key goals of supplier consolidation, cost optimization, cross-divisional synergies, and enhanced carrier performance. Aligned with Bayer's mission, Fr8App's role will focus on facilitating seamless and secure transportation across the US-Mexico border, ensuring timely and reliable delivery of Bayer's agricultural products.
"This Bid Award from Bayer is an important milestone for Fr8App, reflecting the strength of our technology and the trust major global brands place in our ability to execute complex cross-border logistics," said Javier Selgas, CEO of Fr8Tech. "We are honored to be part of Bayer's strategy for optimizing supply chain efficiency, and we are committed to exceeding their expectations in the 2025 season and beyond."
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Rockhoundj : Entering into this hidden valley dip
Trytosaveabit OP Rockhoundj : GL I like it! Just don’t like the Short attack! Plus I believe if it goes up there is a lot of bag holders that will take the opportunity to bail? JMO
Rockhoundj Trytosaveabit OP : Indeed, looking for a 25-30% scalp here
Trytosaveabit OP Rockhoundj : Very nice! Hope you get it!
Rockhoundj Trytosaveabit OP : Guess not, stop loss hit
Trytosaveabit OP Rockhoundj : Grrrr! That’s what I was afraid of!
Rockhoundj Trytosaveabit OP : I rentered
Could be a bad decision but I love those discounts
Trytosaveabit OP Rockhoundj : Yes dips can be very hard to pass up especially when you know it’s undervalued! Hehehe GL
Rockhoundj Trytosaveabit OP : Thanks
I’ll hold the next pump from this low
I’ve watched this get volatile before
Trytosaveabit OP Rockhoundj : Yes it has been very volatile in the past a couple times!
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