Why Freight Technologies Shares Are Surging Today?
Portfolio Pulse from Shivani Kumaresan
Freight Technologies Inc (NASDAQ:FRGT) shares surged after announcing a contract with Kawasaki Motores de Mexico for cross-border logistics services. The contract involves Fr8App orchestrating logistics for Kawasaki's Jet Ski models, highlighting the platform's capabilities. The partnership may open doors to further opportunities with Kawasaki companies in North America.
January 16, 2024 | 4:13 pm
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POSITIVE IMPACT
Freight Technologies' stock price increased by 11.3% following the announcement of a logistics contract with Kawasaki Motores de Mexico for cross-border services.
The contract with Kawasaki Motores de Mexico is a significant business development for Freight Technologies, indicating potential growth and increased revenue from the new partnership. This positive news is likely to boost investor confidence and could lead to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100