Freight Technologies, Inc. announced the launch of its new brand Fr8Now, a digital freight-matching platform that offers less-than-truckload (LTL) services in Mexico. With Fr8Now, Freight Technologies is marking its entry into the highly fragmented and rapidly growing LTL market in Mexico, which is estimated to be growing significantly, and has few established players. The company believes that Fr8Now will revolutionize the LTL segment in Mexico by digitizing shipments and providing real-time shipping services to businesses across the region, using technology in a manner that other market participants are unable to offer.

The Fr8Now platform, similar to Fr8App, uses machine-learning algorithms to match shippers with the best carriers, making the entire shipping process faster, more efficient, and more cost-effective. Fr8Now already has its first loads in transit from one of Fr8Tech's existing customers, offering additional synergies as we offer clients a variety of products - from LTL to cross-border to managing enterprise fleets. Fr8Tech platform's innovative technology, whether through Fr8App, Fr8fleet or Fr8Now, offers exceptional service and provides businesses with a unique opportunity to streamline their logistics operations and boost their bottom line.

The successful rollout of Fr8App throughout North America has paved the way for the launch of Fr8Now, which is set to empower Mexican businesses with cutting-edge LTL freight-matching technology and provide an entry point into the US LTL market. Fr8Now's real-time portal offers businesses, small and large, complete control over their shipping process, allowing them to track their shipments and remain informed as to their status every step of the way. On March 7, 2023, Fr8Tech announced the company achieved $4.4 million in quarterly revenue for Fourth Quarter 2022 with YTD 2022 revenue at an impressive $25.9 million, up 20.6% from the prior year.

It also announced that the Fr8Now brand was expected to start operations “in the near future”. Fr8Tech management also announced that its 2023 revenue guidance is $36 million in annual revenue, representing a nearly 40% growth from Fr8App's 2022 full-year revenue. LTL is an acronym for Less Than Truckload, meaning shipments of cargo that do not occupy the full capacity of a truck, or FTL.

The LTL service works by consolidating multiple shipments from different clients into the same truck, which allows for reduced shipping costs for each shipper but higher margins for the consolidator of the shipments. Fr8Now was developed to be the go-to choice for businesses of all sizes looking for reliable and efficient LTL shipping services originating in Mexico. Our streamlined booking process, nationwide coverage, and network of reputable carriers ensure that your shipment arrives on time and in perfect condition, every time.

At Fr8Now, we understand the importance of your shipment and are committed to providing exceptional service. Our team of experienced logistics professionals is dedicated to handling every aspect of your shipment, so you can focus on growing your business. Don't settle for anything less than the best in LTL shipping.

Freight Technologies' Fr8Now is now available for businesses looking to ship LTL within Mexico.