NEW YORK, Jan. 27, 2021 (GLOBE NEWSWIRE) -- Hudson Capital Inc. (NASDAQ: HUSN) (Hudson Capital) announced that FreightHub, Inc., 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, announced preliminary full year 2020 revenue of $9.2 million, an increase of 120% over 2019.
Javier Selgas, CEO of Fr8Hub, said, “Our momentum is building, as demonstrated by our fourth quarter of 2020 revenue, which drove our preliminary full year 2020 revenues above $9.2 million, up more than 120% compared to 2019. Our preliminary 2020 full year revenue exceeded our expectations and reflects the positive effect of our innovative product platform, Fr8Hub 2.0, in tandem with our industry leading salesforce. We are well positioned to continue our growth in 2021, as we capitalize on the expanding cross border truckload freight activity between Mexico and the U.S. and Mexico to Canada as well as domestic U.S. and Mexico truckload freight.”
About FreightHub, Inc.
FreightHub, Inc. (Fr8Hub) makes shipping simple, transparent, and efficient. A transportation logistics platform company, Fr8Hub focuses on truckload freight for domestic and cross-border markets in Mexico, the US and Canada. As an innovative digital freight marketplace, broker, transportation management system (TMS) and public API, Fr8Hub uses its proprietary technology platform to connect carriers and shippers that significantly improves matching and operation efficiency via innovative technologies such as live pricing and real-time tracking.
About Hudson Capital Inc.
Incorporated in 2014, Hudson Capital Inc. (formerly known as China Internet Nationwide Financial Services Inc. (NASDAQ: HUSN)) commenced its business by providing financial advisory services to small and medium size companies. The traditional business segments include commercial payment advisory, intermediary bank loan advisory and international corporate financing advisory services which help clients to meet their commercial payment and investment needs. For more information, about Hudson Capital, please see the documents filed by Hudson Capital with the SEC at www.sec.gov.
