Hudson Capital Inc., through its subsidiaries, provides financial advisory services to small-to-medium sized enterprises in the People's Republic of China. The company offers commercial payment advisory services, international corporate financing advisory services, intermediary bank loan advisory services, supply chain financing services, and factoring services. It also provides financial leasing services and equipment purchase financing to commercial enterprises. The company was formerly known as China Internet Nationwide Financial Services Inc. and changed its name to Hudson Capital Inc. in April 2020. Hudson Capital Inc. was incorporated in 2015 and is based in New York, New York.
IPO Year: 2017
Exchange: NASDAQ
Website: hudsoncapitalusa.com
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HOUSTON, June 09, 2022 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (NASDAQ:FRGT, Fr8Tech))), a technology company developing solutions to optimize and automate the supply chain process, providing a platform for B2B cross-border shipping in the NAFTA region, completed its integration with newtrul, a centralized portal that connects shippers, brokers and over 100,000 carriers in the United States. Ed Stockman, CEO of newtrul, said, "The Fr8App real time, cloud-based broker portal powered by AI combines everything in one control center, optimizing logistics, making fleets more efficient and reducing transportation costs. We are pleased to partner with Fr8App to provide our customers w
HOUSTON, May 26, 2022 (GLOBE NEWSWIRE) -- Hudson Capital Inc. (NASDAQ:HUSN) will change its name to Freight Technologies, Inc. (Fr8Tech), its Nasdaq Capital Market exchange ticker symbol to FRGT, and its CUSIP to G51413105, effective May 27, 2022. The company will continue to do business under the wholly owned subsidiary's commercial name Freight App, Inc. (Fr8App). Javier Selgas, CEO of Fr8Tech, said, "As a hi-tech transportation logistics company 100% in North America, our new Freight Technologies moniker aptly creates a cohesive umbrella for all of our solutions. In 2022, we are gaining traction as evidenced by our record monthly sales in April, and our positive trend in loads carried
HOUSTON, May 24, 2022 (GLOBE NEWSWIRE) -- Hudson Capital, Inc. (NASDAQ:HUSN) and its wholly owned subsidiary Freight App. Inc. (Fr8App) reported preliminary revenue for the first quarter of 2022 for the period ended March 31, 2022. Fr8App reported preliminary revenue of $5.3 million for Q1 2022, up from $4.8 million for Q1 2021. With the Q1 year-over-year revenue growth, record monthly sales for April, and positive loads carried trend, management reiterated its 2022 revenue guidance of approximately $40 million. Javier Selgas, CEO of Hudson Capital and Fr8App, said, "We are proud to grow preliminary revenue 11% year-over-year during a period of macro-economic challenge. Our sales team ha
HOUSTON, April 29, 2022 (GLOBE NEWSWIRE) -- Hudson Capital, Inc. (NASDAQ:HUSN) reported full year 2021 financial results for the period ended December 31, 2021. Hudson Capital filed a Form 20-F with the SEC. Javier Selgas, CEO of Hudson Capital and Fr8App, said, "2022 has been a transformational year for us as a public company. In February, we acquired Freight App, Inc. (Fr8App), a well-run North American transportation logistics technology platform company with significant growth opportunities. Following that, at the end of March, we sold our non-core, non-performing assets thereby simplifying the business and bringing it renewed focus. The 20-F SEC filing reports Hudson Capital, Inc.'
HOUSTON, April 01, 2022 (GLOBE NEWSWIRE) -- Hudson Capital Inc. (NASDAQ:HUSN) announced that on March 30, 2022, it has sold its wholly-owned subsidiary, Hong Kong Internet Financial Services (HKIFS), to private investors. Javier Selgas, CEO of Hudson Capital and Freight App, Inc., said, "As we focus more on our core business as a transportation logistics technology platform company and on improving operations, we decided it would be prudent to divest from any non-core, non-performing businesses. With the sale of HJIFS, our operations are 100% based in North America, creating room for long-term growth in our target markets." TransactionThe sale of HKIFS was completed on March 30, 2022 and
HOUSTON, March 21, 2022 (GLOBE NEWSWIRE) -- Hudson Capital Inc. (NASDAQ:HUSN) (Hudson) and its wholly owned subsidiary Freight App, Inc. (Fr8App), announced its recently launched technology solution, Fr8PrivateFleet, has already secured new and existing Fr8App customers, including one of Mexico's largest food producers. Javier Selgas, CEO of Fr8App, said, "Fr8PrivateFleet has gained traction with both new and existing Fr8App clients, including one of Mexico's largest food producers, in a short amount of time. Our technology contributes to our customers' success by improving their efficiency and profitability through matching shippers' requirements with carrier capacity over time versus on
HOUSTON, Feb. 22, 2022 (GLOBE NEWSWIRE) -- Hudson Capital Inc. (NASDAQ:HUSN) (Hudson) and its wholly owned subsidiary Freight App, Inc. (Fr8App), as announced on February 15, 2022, will as a hold a webinar on Wednesday, February 23, 2022 at 12:00pm ET. Fr8App CEO Javier Selgas, CFO Paul Freudenthaler, and President Mike Flinker will discuss the transportation logistics market, especially the US-Mexico cross-border business, Fr8App's differentiation technology platform for carriers and shippers, and management's vision for 2022. Fr8App Investor Webinar Wednesday, February 23, 2022, at 9:00am PT/ 12:00pm ETTo access the webinar please register hereQuestions may be asked In advance, by emai
HOUSTON, Feb. 15, 2022 (GLOBE NEWSWIRE) -- Hudson Capital Inc. (NASDAQ:HUSN) (Hudson) acquired 100% of Freight App, Inc. (Fr8App) as a wholly owned subsidiary on Monday, February 14, 2022. As part of the transaction, Hudson appointed Fr8App's leadership to replace Hudson's retiring board, CEO Warren Wang, and CFO Man Yun and adopted Fr8App's U.S. Headquarters in Houston, Texas. Effective February 15, 2022, Hudson Capital, Inc. named Javier Selgas as CEO and Paul Freudenthaler as CFO. The newly appointed Board of Directors includes Selgas and independent directors Nicholas Adler, Marc Urbach, and William Samuels. Selgas stated, "This merger is a culmination of nearly two years of dedicat
NEW YORK, Feb. 09, 2022 (GLOBE NEWSWIRE) -- Hudson Capital Inc. (NASDAQ:HUSN) (Hudson Capital) announced that Freight App, Inc. (Fr8App), a North American transportation logistics technology platform company focused on US-Mexico cross-border shipping with which Hudson Capital has entered into a merger agreement, projects 2022 revenue to be no less than $40 million, compared to preliminary 2021 revenue of approximately $21.5 million. "Fr8App continues to gain momentum as 2022 revenue is projected to grow at least 86% and more than four times, compared to 2021 and 2020, respectively," commented Javier Selgas, CEO of Fr8App. "More importantly, we continue to invest in our technology and ar
NEW YORK, Feb. 07, 2022 (GLOBE NEWSWIRE) -- Hudson Capital Inc. (NASDAQ:HUSN) (Hudson Capital) announced that Freight App, Inc. (Fr8App), a North American transportation logistics technology platform company focused on US-Mexico cross-border shipping with which Hudson Capital has a merger agreement, launched a new technology solution for committed capacity planning called Fr8PrivateFleet and secured its first contract with Kimberly Clark de Mexico, S.A.B. de C.V., a Mexican stock exchange listed company with 2021 revenues of $46.9 billion pesos, or approximately USD$2.3 billion. Javier Selgas, CEO of Fr8App, said, "At Fr8App, we create technology solutions that contribute to our custome
Hudson Capital to Change Name to Freight Technologies, Inc. and Ticker to FRGT HOUSTON, May 26, 2022 (GLOBE NEWSWIRE) -- Hudson Capital Inc. (NASDAQ:HUSN) will change its name to Freight Technologies, Inc. (Fr8Tech), its Nasdaq Capital Market exchange ticker symbol to FRGT, and its CUSIP to G51413105, effective May 27, 2022. The company will continue to do business under the wholly owned subsidiary's commercial name Freight App, Inc. (Fr8App). Javier Selgas, CEO of Fr8Tech, said, "As a hi-tech transportation logistics company 100% in North America, our new Freight Technologies moniker aptly creates a cohesive umbrella for all of our solutions. In 2022, we are gaining traction as evidence
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Hudson Capital Inc. (NASDAQ:HUSN) announced that on March 30, 2022, it has sold its wholly-owned subsidiary, Hong Kong Internet Financial Services (HKIFS), to private investors. Javier Selgas, CEO of Hudson Capital and Freight App, Inc., said, "As we focus more on our core business as a transportation logistics technology platform company and on improving operations, we decided it would be prudent to divest from any non-core, non-performing businesses. With the sale of HJIFS, our operations are 100% based in North America, creating room for long-term growth in our target markets." Transaction The sale of HKIFS was completed on March 30, 2022 and included all of the prior operations, obl