Hudson Capital Inc. (HUSN) stock prices were down by 2.14% as of the market closing on June 2nd, 2021, bringing the price per share down to USD$3.20 at the end of the trading day. Subsequent pre-market fluctuations have seen the stock drop by 6.88%, down to USD$3.16.
Merger Agreement with RC Control
The company announced a definitive Merger Agreement with RC Control to facilitate the alleviating of one of the biggest challenges presented by US-Mexico cross-border freight, namely, seamless visibility. The Fr8Hub Mobile App facilitates the provision of 24/7 visibility to users, while RC Control’s integration complements HUSN’s mobile app to help assure customers of their access to seamless tracking on either side of the US-Mexico border.
Facilitating Cross Border Tracking
The company’s carriers in both the US and in Mexico now have various options for tracking, which facilitates visibility and time management. This was hitherto an unmet area of need for years faced by carriers, with HUSN swooping in to rectify that situation. Fr8Hub facilitates the provision of solutions through collaborations, of which the one with RC Control is an example of. It helps address carrier access to the mobile app, whether it is because of low battery or connectivity issues.
Management’s continued focus on growth, training, and technology development resulted in revenues for the first quarter of the fiscal year 2021 exhibiting a 216% year-over-year increase from the numbers reported for the prior-year quarter. Concurrently, the company expanded quarterly gross margins, as per their most recently disclosed financial reports for the first quarter of the fiscal year 2021.
Scope of HUSN
As the world hurtles towards universal immunizations, and the pandemic’s effects begin to abate, the university has welcomed the first of its university graduates into key roles within the company. HUSN forecasts company services facing increased demand as a result of supply chains continuing operations under pressure. Also facilitating increased demand is the higher need for companies to rely on technological solutions to address their logistical challenges.
Future Outlook for HUSN
Armed with a new collaborative partnership with RC Control, HUSN is poised to capitalize on the continued trajectory of growth it has shown in its stellar start to the fiscal year 2021. Current and potential investors are hopeful for the management to continue to leverage the resources at their disposal to facilitate significant and sustained increases in shareholder value.