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FreightHub Reports Revenue Increased 138% and 84% for the Three- and Nine-Month Periods Ended September 30, 2020

| December 31, 2020

North American transportation logistics technology platform company focused on US-Mexico cross-border

Hudson Capital announced that FreightHub, Inc. (Fr8Hub), a North American transportation logistics technology platform company focused on US-Mexico cross-border shipping with which Hudson Capital has signed a definitive Merger Agreement, releases financial results for the three- month and nine-month periods ended September 30, 2020, in Hudson Capital’s amended Registration Statement on Form S-4 filed on December 31, 2020 with the SEC.

Javier Selgas, CEO of Fr8Hub, said, “Fr8Hub’s new product offerings, together with a more highly trained and focused salesforce, were the reasons for the revenue increase by 138% for the third quarter and 84% for the nine months ended September 30, 2020, as compared to the prior year periods. Our fourth quarter 2020, we believe, will be especially robust, with full year revenue expected to more than double 2019 revenue.”

Third quarter of 2020 revenues were $2.7 million, up 138% compared to $1.1 million in the prior year period. Revenues for the nine-month period ending September 30, 2020, were $5.4 million, up 84% compared to $2.9 million for the prior year period.

For more information about Fr8Hub’s financial results, investors are advised to review the three-month and nine-month financial results for the period ended September 30, 2020 included in Hudson Capital’s amended Registration Statement on Form S-4 filed on December 31, 2020, with the SEC.

Category: Featured, General Update, News

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