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Hudson Capital Inc. announced that Freight App, Inc. (Fr8App), a North American transportation logistics technology platform company focused on US-Mexico cross-border shipping with which Hudson Capital is in a merger agreement, released its preliminary revenue for the fourth quarter and full-year ended December 31, 2021.

Preliminary Revenue

• Fourth quarter of 2021 preliminary revenues were approximately $5.2 million, up 39% compared to $3.8 million in the fourth quarter of 2020.
• Full year 2021 preliminary revenues increased to approximately $21.5 million, up 133% compared to $9.2 million in 2020.

Javier Selgas, CEO of Fr8App, said, “We are excited to end 2021 on a strong note as we more than doubled our revenues over 2020. While macroeconomic factors throughout the year created challenges for shippers and carriers, Fr8App technology helped our customers manage their fleets, commercial truck driver shortages, and logistical supply chain constraints that were particularly acute at the end of last calendar year. By increasing our customers, shippers and carriers counts, productivity, and efficiency, we and the use of our technology contribute to our customers’ success. As we look to 2022 and beyond, we are optimistic and plan to develop additional technologies, launch new products, attract more customers, and grow revenue.”

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