Freight Technologies, Inc. announced a significant collaboration with Envases Universales. Fr8App was awarded key routes through Envases' annual 2024 RFQ, underscoring Fr8App's commitment to delivering exceptional transportation services and its capability to meet the evolving needs of its clients. Over the next twelve months, the awards are estimated to be valued at more than $5 million and encompass 24 dedicated lanes, mostly from Mexico to the United States, showcasing Fr8App's extensive network and ability to manage cross-border logistics efficiently.

Over the duration of the commitment, Fr8App, through its advanced technology and experienced team, will be responsible for transporting more than 1,600 loads, ensuring the timely and secure delivery of Envases Universales' goods. It is important to note that the value of the awarded routes may be subject to change based on the production levels or needs of Envases Universales. If Envases Universales experiences lower than expected customer demand or production output, the amount of the awarded routes may be adjusted accordingly.

The company consider this a low-probability outcome given Envases Universales' market leadership in its industry.