Freight Technologies (FRGT) said Monday it renewed a logistics services contract with Kimberly-Clark's (KMB) Mexico unit to extend the deal for an additional two years.
Financial terms of the contract extension were not disclosed.
Freight Technologies said the collaboration with Kimberly-Clark de Mexico started in 2022 and covers dedicated capacity, over-the-road spot for domestic shipments in Mexico and over-the-road spot for US-Mexico cross-border shipments.
Shares of Freight Technologies were down 18% in recent trading.
Price: 1.35, Change: -0.31, Percent Change: -18.55
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.