What a nice trading day to experience when Hudson (HUSN) is soaring 65% while being one of the cheap stocks of Nasdaq. Thanks to its wholly-owned subsidiary, Fr8App for announcing new shipping tech Fr8PrivateFleet. It has managed to win new customers and secure existing ones, and the largest Mexican food producer as well.
The North American trading routes are actually in need of optimized shipping technology to improve cross-border goods transportation mostly between Mexico, the USA, and Canada. Soon we will witness the Hudson enjoy hiking revenues from Fr8App. But right now we can’t be sure for its one success to push the stock upwards.
HUSN shares may surge slowly as the earnings are expected to be disclosed every quarter when Fr8App is mostly anticipated to bring a new level of profits.