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Sunday, July 3, 2022

Hudson Capital Inc. (HUSN) stock surged in the current market; here is why?

Hudson Capital Inc. (HUSN) stock surged in the current market after announcing an update on its recently launched Fr8App. HUSN values $3.04, gaining more than 48.29% from the previous closing price. HUSN stock closed at $2.05 at the end of the last trading session. HUSN stock volume traded in the last trading session was around 94.48K shares. The current market cap of the company is about $7.65 million.


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HUSN: Fr8App is getting attention

Hudson Capital Inc. (HUSN) stated that its recently launched technology solution, Fr8PrivateFleet, has already gained new and current Fr8App clients, including one of Mexico’s top food producers. Hudson Capital Inc. (HUSN) is a listed company headquartered in China. The new product line introduced by HUSN is getting attention in the market.

HUSN CEO’s Remarks

Fr8App CEO Javier Selgas claimed that Fr8PrivateFleet has immediately become popular with new and existing Fr8App clients, including one of Mexico’s largest food manufacturers. For our customers, we use cutting-edge technology that enables us to match shippers’ demands with carrier capacity over time rather than trip-by-trip. A growing number of freight forwarders have come to expect and appreciate these benefits. Every day, our carrier customers utilize our app, which increases its stability and aids us in setting a standard in this critical area of the freight industry. We are happy to see these ideas come to fruition and provide a new source of revenue.

HUSN Future Outlook

Huston Capital (HUSN) revealed that a North American transportation logistics technology platform firm focusing on US-Mexico cross-border shipping, Freight App, Inc. (Fr8App), expects 2022 sales to reach no less than $40 million, up from presumptive 2021 revenue of around $21.5 million. Revenue from Fr8App will climb at least 86 percent and more than four times in 2022 compared to the previous two years, respectively.

In 2022, the business plans to release new, simple-to-use technologies that appeal to both present and potential clients. They expect 2022 to be a watershed year for the company, and they are optimistic about what the year might bring in terms of increased value for shareholders.

Conclusion

The company is looking forward to significant growth in its recently launched project Fr8App. The company is excited about the inclusion of a new revenue stream. They are projecting revenue growth of 86% in fiscal 2022.

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