Freight Technologies (Fr8Tech), known for its Fr8App freight-matching platform, has announced a major collaboration with global rigid consumer packaging company Envases Universales.
The partnership involves Fr8App being awarded key routes for 2024, highlighting the company’s commitment to providing top-tier transportation services.
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Over the next 12 months, Fr8App will be tasked with transporting more than 1,600 loads, ensuring the secure and prompt delivery of Envases’ packaging products.
The deal is estimated to be worth more than $5m, covering 24 dedicated lanes primarily from Mexico to the US.
Fr8App CEO Javier Selgas said: “We are thrilled to have been chosen by Envases Universales to help manage their transportation needs over the coming year.
“This collaboration not only speaks to our capabilities but also to the trust Envases Universales has in our ability to deliver exceptional service. It also highlights the importance of tactical collaboration between the companies in driving profitable growth and achieving excellence in dependable and efficient logistics execution.”
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By GlobalDataThe company noted that the value of the awarded routes may vary depending on Envases’ production levels and requirements.
Adjustments may be made if there is a decrease in customer demand or production output, although this is considered unlikely given Envases’ strong market position.
Envases is divided into three packaging divisions – PET, Aluminum Beverage, and Food & Industrial. The group has 84 manufacturing facilities around the world.
