SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 10-K

(Mark One)
[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
    ACT OF 1934

                   For the fiscal year ended December 31, 2008

                                       OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
    ACT OF 1934

            For the transition period from __________ to ___________

                        Commission File Number 000-53127

                            FREIGHT MANAGEMENT CORP.
             (Exact name of registrant as specified in its charter)

           NEVADA                                                 75-3254381
(State or other jurisdiction of                               (I.R.S. Employer
 incorporation or organization)                              Identification No.)

                Suite 200, 8275 Eastern Ave Las Vegas, NV, 89123
               Address of principal executive offices) (Zip Code)

       Registrant's telephone number, including area code: (702) 938-0496

         Securities registered under Section 12(b) of the Exchange Act:

Title of each class                    Name of each exchange on which registered
- -------------------                    -----------------------------------------
      None                                                None

         Securities registered under Section 12(g) of the Exchange Act:

                         Common Stock, $0.001 Par Value
                                (Title of class)

Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Exchange  Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports),  and (2) has been
subject to such filing requirements for the past 90 days. Yes [X] No [ ]

Check if there is no disclosure of delinquent  filers in response to Item 405 of
Regulation  S-B is not  contained  in  this  form,  and no  disclosure  will  be
contained,  to the  best of  registrant's  knowledge,  in  definitive  proxy  or
information  statements  incorporated by reference in Part III of this Form 10-K
or any amendment to this Form 10-K. [X]

Indicate by check mark whether the registrant is a large  accelerated  filer, an
accelerated filer, a non-accelerated  filer, or a smaller reporting company. See
the definitions of "large accelerated  filer,"  "accelerated filer" and "smaller
reporting company" in Rule 12b-2 of the Exchange Act:

Large accelerated filer  [ ]                      Accelerated filer [ ]
Non-accelerated filer [ ]                         Smaller reporting company [X]

Indicate by check mark whether the  registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act). Yes [X] No [ ]

Aggregate  market  value of the  voting  common  equity  held by  non-affiliates
computed  by  reference  to the price at which the common  equity was sold as of
February 12, 2009: $53,000.00

Number of common voting shares outstanding as of February 12, 2009: 5,060,000

                                TABLE OF CONTENTS

                                                                            Page
                                                                            ----
PART I
Item 1.  Description of Business and Risk Factors                             3
Item 2.  Properties                                                          13
Item 3.  Legal Proceedings                                                   13
Item 4.  Submission of Matters to a Vote of Security Holders                 13

PART II
Item 5.  Market For Registrant's Common Equity and Related Stockholder
         Matters                                                             13
Item 7.  Plan of Operation                                                   15
Item 8.  Financial Statements and Supplementary Data                         17
Item 9.  Changes in and Disagreements With Accountants on Accounting
         and Financial Disclosure                                            17
Item 9B. Other Information                                                   19

PART III
Item 10. Directors, Executive Officers, Promoters and Control Persons        19
Item 11. Executive Compensation                                              21
Item 12. Security Ownership of Certain Beneficial Owners and Management      22
Item 13. Certain Relationships, Related Transactions and Director
         Independence                                                        23
Item 14. Principal Accountant Fees and Services                              24
Item 15. Exhibits and 8-K Filings                                            24

                                       2

                                     PART I

ITEM 1. DESCRIPTION OF BUSINESS.

Freight Management Corp. was incorporated on September 17, 2007, in the State of
Nevada.  Our  principal  executive  offices are located  Suite 200, 8275 Eastern
Avenue,  Las Vegas, NV, 89123. Our telephone number is (702) 938-0496.  We are a
development  stage company with no revenue and limited  operations to date.  Our
common stock is quoted on the OTC Bulletin Board under the symbol "FGGT".

Since  incorporation,  we have  not made any  significant  purchases  or sale of
assets,   nor  have  we  been   involved  in  any   mergers,   acquisitions   or
consolidations. Freight Management has never declared bankruptcy, has never been
in receivership, and has never been involved in any legal action or proceedings.

Subsequent to our incorporation, we focused our operations on the development of
an internet  based,  intelligent  online  system for  business  owners,  freight
forwarders,  junior  employees  in the  shipping/freight  industry  and business
people in the export/import  industry who require  assistance with their freight
and shipping related queries. Any business owner who trades internationally,  or
between  countries,  will  readily  recognize  the  challenges  they  face  when
negotiating  with shipping lines to transport their cargos between two different
countries, the lack of information from various shipping lines and alternatives,
and complicated  terminology.  Additionally,  shippers/manufacturers  new to the
business,  those with new  products,  or those  selling  into new markets do not
completely understand the shipping/freight process and face difficulties finding
the best and most  trusted  shipping  mode to move  their  goods.  The  learning
process creates  frustration and consumes  valuable time as they try to obtain a
clear  picture  of all  shipping  logistics.  Junior  shipping/freight  industry
employees are typically overwhelmed with the vast terminology during their first
few  months on the job,  and lack a reliable  unified  source  that can  provide
trusted  answers to address their  queries.  Employees  also face the problem of
understanding the complicated  documentation and physical  processes involved in
the global shipping industry (eg: shipping  declarations,  custom procedures and
clearance, stevedoring, loading, and transportation).

We have  named the  system  "FRINFO,  or  Freight  Information".  The system was
planned to utilize a  comprehensive  database to provide  prospective  customers
with  customized,  specific  professional  advice and solutions to their related
shipping   queries  and  issues.   When  completed  and  tested,   FRINFO  would
successfully  enable the  generation of online real time solutions and advice to
questions  submitted  by the  customers,  and  guide  them to the  most  optimum
logistics  solutions,  which would potentially include lower freight rates, best
trade routes and the most ideal transportation  means/mode.  When completed,  it
will also include tabular  sections for frequently  asked questions  (FAQ's) and
their related  answers,  as well as industry related terms,  abbreviations,  and
widely used terminology.  On completion,  we are planning that the software will
ultimately be made  available  online to potential  customers on our website at:
www.freightmanagementcorp.com

FRINFO is being developed to use Artificial Intelligence (AI). The customer will
be prompted to enter  his/her  question  using an online form.  FRINFO will then
recognize and detect  certain  keywords in the customers  input and searches its
smart knowledge center for relevant  answers related to the keywords  generated.
After creating a list of results,  FRINFO will combine keywords using a state of
the art matrix engineering system to eliminate non-related results. It will then
provide a solution that is most related to the customer's original query.

When developed, FRINFO will consist of the following major components:

     *    THE SMART  KNOWLEDGE  CENTER - this  databank  will act as the core of
          FRINFO and will contain all of our shipping  related  data,  articles,
          link and  information  related to the  shipping/freight  sector.  This
          databank will be updated on regular basis.
     *    THE  KEYWORD  RECOGNITION  SOFTWARE - this  module will be based on AI
          architecture.  FRINFO will  recognize  the MAJOR  keywords in the user
          inputs  and  search  the smart  knowledge  center  for the  recognized
          keywords.  The software will split the user input into  keywords,  and
          will recognize the major keywords and eliminate  un-related  text from
          the user input.
     *    THE MATRIX  ENGINEERING  SYSTEM - this will be the  engineering  logic
          that  FRINFO  utilizes  to  combine  keywords  and  to  eliminate  any
          un-desired  results  from the search  results,  listing  only the most
          accurate and related answers to the users.

                                       3

We currently have no revenues or customers for our services.  We plan on earning
revenues  through  customer  subscriptions  to our  service  and we will  target
freight forwarders,  exporters and importers operating in the USA and the Middle
East, which will serve as our initial target market. Customers will subscribe to
our online service by paying a monthly, quarterly,  semi-annual, or annual fees.
During  their  subscription  periods,  customers  can post  unlimited  number of
questions  and  achieve  specific  responses.  We have not yet fixed our pricing
structure  and will need to  determine  our charges  initially  as the  software
develops,  and revise them regularly to attract a wider base of customers in our
targeted markets.

At this  stage in our  development,  there can be no  assurance  that we will be
successful in generating  revenues from our subscription  based online system or
that  prospective  customers  seeking shipping advise will be receptive to using
our service.

As of the date hereof,  we have not been  successful  in raising the  additional
funding  necessary  to  continue  with  our  business  plan  for  our  business.
Historically,  we have been able to raise a limited  amount of  capital  through
private placements of our equity stock, but we are uncertain about our continued
ability to raise funds  privately.  The recent  credit  crisis has only made our
situation more difficult,  because investors who were historically  receptive to
startup situations have become nonexistent in this environment.  Without further
loans from our  directors,  we only have  sufficient  funds to continue with our
business in a  maintenance  mode for the next 1-2 months,  and  anticipate  that
final  commercial  version of FRINFO will not be ready for commercial use for at
least 3-6 months from the date hereof. We still need to complete  development of
a second tier  intelligence  discipline  for FRINFO to ensure that client driven
queries  are  answered  correctly.  We also  need to design  and build  database
enhancement tools, and software for predictive modeling and statistical analysis
of queries prior to actual release.

As a result of this difficult envioronment and our lack of cash to continue, our
directors have been analyzing the various alternatives  available to our company
to ensure our  survival  and to preserve  our  shareholder's  investment  in our
common shares. This analysis has included sourcing additional forms of financing
to continue  our  business  as is, or mergers  and/or  acquisitions  which would
likely  involve a change of business.  Our  preference  is to raise  additional,
suitable  financing  to  continue  with  business,  but  at  this  stage  in our
operations,  we believe either course is acceptable,  as our operations have not
been  profitable and our future  prospects for our business are not good without
further significant financing.

POTENTIAL MERGERS AND ACQUISITIONS

Concurrent with efforts to find suitable financing for our business, we are also
focusing on analyzing  potential  business  opportunities  with more established
business  entities  for  merger or  acquisition  with our  company.  In  certain
instances,  a target  business may wish to become a subsidiary of our company or
may wish to contribute  assets to our company  rather than merge.  We anticipate
that any new acquisition or business  opportunities  by our company will require
additional financing.  There can be no assurance,  however, that we will be able
to acquire the financing necessary to enable us to pursue our plan of operation.
If our company requires  additional  financing and we are unable to acquire such
funds, our business may fail.

In   implementing  a  structure  for  a  particular   business   acquisition  or
opportunity, we may become a party to a merger,  consolidation,  reorganization,
joint venture, or licensing agreement with another corporation or entity. We may
also acquire stock or assets of an existing business. Upon the consummation of a
transaction,  it is  likely  that our  present  management  will no longer be in
control of our company and our existing  business  will close down. In addition,
it is likely that our officers and  directors  will, as part of the terms of the
acquisition transaction,  resign and be replaced by one or more new officers and
directors.

We  anticipate  that  the  selection  of a  business  opportunity  in  which  to
participate  will be  complex  and  without  certainty  of  success.  Management
believes  that  there are  numerous  firms in  various  industries  seeking  the
perceived  benefits  of  being  a  publicly  registered  corporation.   Business
opportunities  may be  available  in many  different  industries  and at various
stages  of  development,  all  of  which  will  make  the  task  of  comparative
investigation and analysis of such business  opportunities  extremely  difficult
and complex.

We may seek a business  opportunity  with entities who have  recently  commenced
operations,  or entities who wish to utilize the public  marketplace in order to
raise additional capital in order to expand business development activities,  to
develop a new  product  or  service,  or for other  corporate  purposes.  We may

                                       4

acquire assets and establish wholly-owned  subsidiaries in various businesses or
acquire existing businesses as subsidiaries.

Mr.  Abotaleb  is  undertaking  the  search  for and  analysis  of new  business
opportunities.  He  is  not a  professional  business  analyst.  In  seeking  or
analyzing  prospective  business  opportunities,  Mr.  Abotaleb  may utilize the
services of outside  consultants or advisors.  At this stage,  we can provide no
assurance that we will be able to locate compatible business opportunities, what
additional  financing we will require to complete a  combination  or merger with
another business  opportunity,  or whether the opportunity's  operations will be
profitable.  Further,  we believe  that our company  may have more  difficulties
raising capital for our existing  business than for a new business  opportunity.
We have held preliminary  negotiations  with prospective  business  entities but
have not entered into any formal written  agreements for a business  combination
or opportunity.  If any such agreement is reached, we intend to disclose such an
agreement  by  filing a  current  report  on Form 8-K  with the  Securities  and
Exchange Commission.

If we are  unable to  secure  adequate  capital  to  continue  our  business  or
alternatively, complete a merger or acquisition, our shareholders will lose some
or all of their investment and our business will likely fail.

FACILITIES

We rent executive office  facilities  located at Suite 200, 8275 Eastern Avenue,
Las Vegas,  NV,  89123.  This is a shared office  facility,  which offers office
space and  secretarial  and  administrative  services for $150  monthly.  We may
cancel upon 30 days  written  notice.  This  location  will serve as our primary
executive  offices for the foreseeable  future.  Mr. Abotaleb and Mr. Lewis also
work from their  residence in Egypt and Canada  respectively at no charge to our
company.

RISK FACTORS

You  should  carefully  consider  the  following  risk  factors  and  all  other
information  contained herein as well as the information included in this Annual
Report in evaluating  our business and  prospects.  The risks and  uncertainties
described  below are not the only  ones we face.  Additional  unknown  risks and
uncertainties,  or that we currently believe are immaterial, may also impair our
business  operations.  If any of the  following  risks  occur,  our business and
financial  results  could be harmed.  You should refer to the other  information
contained in this Annual  Report,  including  our financial  statements  and the
related notes.

Much of the information included in this Annual Report includes or is based upon
estimates,    projections   or   other   "forward-looking    statements".   Such
forward-looking  statements  include any projections or estimates made by us and
our  management  in  connection  with  our  business  operations.   While  these
forward-looking  statements,  and any assumptions upon which they are based, are
made in good faith and reflect our current  judgment  regarding the direction of
our business, actual results will almost always vary, sometimes materially, from
any  estimates,   predictions,   projections,   assumptions,   or  other  future
performance   suggested   herein.   We   undertake  no   obligation   to  update
forward-looking  statements to reflect events or  circumstances  occurring after
the date of such statements.

Such  estimates,  projections  or  other  "forward-looking  statements"  involve
various risks and  uncertainties  as outlined  below. We caution readers of this
quarterly report that important  factors in some cases have affected and, in the
future,  could  materially  affect  actual  results and cause actual  results to
differ materially from the results expressed in any such estimates,  projections
or other  "forward-looking  statements".  In evaluating us, our business and any
investment  in our business,  readers  should  carefully  consider the following
factors.

RISKS ASSOCIATED WITH OUR EXISTING BUSINESS

WE HAVE NO OPERATING HISTORY AND HAVE MAINTAINED  LOSSES SINCE INCEPTION,  WHICH
WE EXPECT TO CONTINUE INTO THE FUTURE.

We were incorporated on September 17, 2007, and have very limited operations. We
have not realized any revenues to date. We have no operating history at all upon
which an evaluation of our future  success or failure can be made.  Our net loss
from inception to December 31, 2008 is $(58,716).  We expect to incur  operating
losses in future periods.  This will happen because there are substantial  costs
and expenses associated with the marketing and distribution of our services.  We
may fail to generate  revenues in the future. If we cannot attract a significant

                                       5

number of customers, we will not be able to generate any significant revenues or
income. Failure to generate revenues will cause us to go out of business because
we will not have the money to pay our ongoing expenses.

In particular, additional capital will also be required in the event that:

     -    we incur delays and additional  expenses related to the development of
          a commercial market for our services;
     -    we are unable to create a substantial market for our services; or
     -    we incur any significant unanticipated expenses.

The occurrence of any of the  aforementioned  events could adversely  affect our
ability to meet our business plans and achieve a profitable level of operations.

IF WE ARE  UNABLE  TO  OBTAIN  THE  NECESSARY  REVENUES  AND  FINANCING  FOR OUR
OPERATIONS WE WILL NOT HAVE THE MONEY TO PAY OUR ONGOING  EXPENSES AND WE MAY GO
OUT OF BUSINESS.

At December 31, 2008 we had a small working  capital  deficiency and at present,
we are entirely dependent on loans from our Director and President. Our existing
cash  balances  are only  sufficient  for the next 30-60 days.  How long Freight
Management will be able to satisfy its cash requirements  depends on how quickly
our company can identify  suitable  financing,  or generate revenue and how much
revenue can be  generated.  If we are unable to obtain  financing  and  generate
sufficient revenue from our business,  we may be forced to delay, scale back, or
eliminate our sales  activities.  If we are unable to obtain  financing to cover
shortfalls resulting from reduced revenues or a lack of revenues,  we may not be
able to continue to operate our business and our business would fail.

Our ability to successfully  produce and sell our services to generate operating
revenues  also depends on our ability to obtain the necessary  financing.  Given
that we have no operating  history,  no revenues and only losses to date, we may
not be able to achieve this goal,  and if this occurs we will not be able to pay
our operating and marketing costs and we may go out of business.  We may need to
issue additional  equity  securities in the future to raise the necessary funds.
We do not currently have any  arrangements  for additional  financing and we can
provide no  assurance  to  investors  we will be able to find such  financing if
further funding is required.  Obtaining additional financing would be subject to
a number of factors,  including  investor  acceptance  of our  services  and our
business model. The issuance of additional  equity securities by us would result
in a significant  dilution in the equity interests of our current  stockholders.
The resale of shares by our existing  shareholders  pursuant to this  prospectus
may result in significant downward pressure on the price of our common stock and
cause  negative  impact on our  ability to sell  additional  equity  securities.
Obtaining loans will increase our liabilities and future cash  commitments,  and
there can be no assurance that we will even have  sufficient  funds to repay our
future  indebtedness  or that we will not default on our future debts if we were
able to even obtain loans.

There  can be no  assurance  that  capital  will  continue  to be  available  if
necessary to meet future funding needs or, if the capital is available,  that it
will be on terms  acceptable to us. If we are unable to obtain  financing in the
amounts and on terms deemed  acceptable to us, we may be forced to scale back or
cease  operations,  which  might  result  in the  loss  of  some  or all of your
investment in our common stock.

OUR BUSINESS  MODEL MAY NOT BE  SUFFICIENT TO ENSURE OUR SUCCESS IN OUR INTENDED
MARKET

Our  survival  is  currently  dependent  upon the success of our efforts to gain
market acceptance in our targeted industry.  Should our services be too narrowly
focused or should the target market not be as responsive  as we  anticipate,  we
may not have in place alternate products or services that we can offer to ensure
our survival.

IF WE ARE UNABLE TO COMPLETE THE  PRODUCTION OF OUR FRINFO,  WE WILL NOT BE ABLE
TO GENERATE REVENUES AND YOU WILL LOSE YOUR INVESTMENT.

We have not  completed  development  of  FRINFO.  The  success  of our  proposed
business will depend on its  completion and the acceptance of our product by end
use  customers in our target  market.  Achieving  such  acceptance  will require

                                       6

significant   marketing  investment  and  perceived  value  in  our  product  by
consumers. Our online service, once developed and tested, may not be accepted by
our  customers  at  sufficient  levels to support our  operations  and build our
business.  If it is not accepted at sufficient  levels, our business will likely
fail.

WE  CURRENTLY  HAVE  NO  PROTECTION  BY ANY  TRADEMARKS,  PATENTS  AND/OR  OTHER
INTELLECTUAL   PROPERTY   REGISTRATIONS.   IF  WE  ARE  UNABLE  TO  PROTECT  OUR
INTELLECTUAL PROPERTY RIGHTS, OUR PROPOSED BUSINESS WILL FAIL.

We have not applied for any  trademark,  patent or other  intellectual  property
registration  with any  governmental  agency  for our  name or for our  proposed
services.  At present we are  planning to enter into  non-disclosure  agreements
with any future  contactors or employees to protect our technology.  Despite any
precautions  taken to protect our product and brand name,  unauthorized  parties
may attempt to copy or obtain and use our online  service and related  software.
If they are successful they could develop similar  programs,  which could create
more competition for us and even cause our proposed business operations to fail.

WE DEPEND TO A SIGNIFICANT  EXTENT ON CERTAIN KEY PERSONNEL,  THE LOSS OF ANY OF
WHOM MAY MATERIALLY AND ADVERSELY AFFECT OUR COMPANY.

Currently,  we have  only two  employees  and they  are  also our  officers  and
directors.  We depend  entirely  on Mr.  Abotaleb  and Mr.  Lewis for all of our
operations. The loss of either person will have a substantial negative effect on
our company  and may cause our  business to fail.  Neither of our  officers  and
directors has been compensated for their services since our  incorporation,  and
it is highly unlikely that they will receive any  compensation  unless and until
we  generate  substantial  revenues.  There is intense  competition  for skilled
personnel  and there can be no  assurance  that we will be able to  attract  and
retain qualified  personnel on acceptable terms. The loss of either Mr. Abotaleb
or Mr. Lewis's  services could prevent us from completing the development of our
product and  developing  revenues.  In the event of the loss of services of such
personnel, no assurance can be given that we will be able to obtain the services
of adequate replacement personnel.

We do not have any  employment  agreements or maintain key person life insurance
policies on our officers  and  directors.  We do not  anticipate  entering  into
employment   agreements  with  them  or  acquiring  key  man  insurance  in  the
foreseeable future.

WE HAVE LIMITED BUSINESS, SALES AND MARKETING EXPERIENCE IN OUR INDUSTRY.

We have not completed  the  development  of our online  services and have yet to
enter  into any  subscriptions  with  customers.  While Mr.  Abotaleb  possesses
significant  experience in the shipping planning and logistics industry,  he can
only devote  limited time to our  operations  and Mr.  Lewis has no  experience.
Subsequent to completing development,  we will need to test it commercially.  In
order to do so, we must  develop and  implement  a  marketing  campaign to drive
Internet traffic to our site. While we have plans for marketing and sales, there
can be no assurance  that such efforts will be  successful.  Our future  success
will  depend,  among other  factors,  upon whether our services can be sold at a
profitable price and the extent to which customers acquire,  adopt, and continue
to use it. There can be no assurance that our product will gain wide  acceptance
in its  targeted  markets  or that we will  be able to  effectively  market  our
product.

WE MAY NOT BE ABLE TO COMPETE EFFECTIVELY AGAINST OUR COMPETITORS.

The shipping and  transportation  services  industry is highly  competitive.  We
believe  competition is based primarily on cost to ship,  integration of various
modes of transport over various terrain, customer service and marketing support.
Our direct and indirect  competition  is made up of many  publicly and privately
owned  companies,  many of which are  fragmented  in terms of both  geographical
market coverage and service  categories.  Many companies within the industry are
privately-held.  Therefore,  we are  unable  to  assess  the  size of all of our
competitors,  but we would  presently be  classified as one of the smallest with
only a concept  and no  revenues  at  present.  We  believe  end  manufacturers,
distributors  and  retailers  either rely on in house  expertise or are aligning
themselves with shipping service  companies that are financially  stable,  offer
expertise  in a broad  array of markets  with all modes of  transport  and offer
superior customer service.

                                       7

Our  competition  includes many  logistics  and  forwarding  freight  forwarding
companies that offer freight planning, sourcing,  transportation timing and mode
management  and  cost  management.  These  companies  vary in size  from  single
proprietors to large  integrated,  multinational  firms. Many of these companies
also offer  customs  brokerage  services to assist  their  customers  with cross
border  clearance   export/import  issues  between  sovereign  countries.   They
generally have the ability to provide seamless,  cost effective and trouble free
transportation services for their customers.

Large  integrated  shipping  lines,   airlines  and  land  based  transportation
companies also offer services similar to what we are planning, either on a value
added basis  similar to logistics and  forwarders,  or free of charge for larger
customers. These companies have significantly broader expertise and larger sales
volumes than us, have greater  financial and other resources  available to them,
and possess extensive marketing capabilities.  Many of these companies also have
well known and established  reputations  with  manufacturers,  distributors  and
export/import  businesses  for  providing  quality  service on a cost  effective
basis.  They have many brokers  representing  their  businesses  and large sales
forces throughout the world.

We also face competition  from companies  offering various forms of shipping and
freight related information answers by email or online.  These include:  Freight
Gate    (www.freightgate.com),    Dynamar   (www.dynamar.com),    Lloyd's   List
(www.lloydslist.com),    and   Shipping    Freight    (www.shippingfreight.com).
WWW.OCEANWIDE.COM  also offers on-demand  applications for  international  trade
management  to  streamline  the  import  and  export  processes  for  insurance,
compliance and logistics between business partners.

There can be no assurance that we will be able to  effectively  compete with our
competitors or that their present and future  offerings would render our product
obsolete or noncompetitive. This intense competition may have a material adverse
effect on our results of operations and financial  condition and prevent us from
achieving profitable sales levels of our product.

OUR OFFICERS AND  DIRECTORS ARE ENGAGED IN OTHER  ACTIVITIES  AND MAY NOT DEVOTE
SUFFICIENT  TIME TO OUR  AFFAIRS,  WHICH  MAY  AFFECT  OUR  ABILITY  TO  CONDUCT
OPERATIONS AND GENERATE REVENUES.

The persons serving as our officers and directors have existing responsibilities
and have additional responsibilities to provide management and services to other
entities.  Mr.  Abotaleb,  our President and  director,  is also the  Commercial
Manager for Medlevant Shipping Co. in Alexandria,  Egypt. We expect Mr. Abotaleb
to spend  approximately  25-30 hours a week on the business of our company.  Mr.
Lewis,  our  Secretary  Treasurer  and a director is currently  retired,  but we
expect Mr. Lewis to spend  approximately 25 hours or more a week on the business
of our  company.  As a  result,  demands  for the  time and  attention  from our
directors  and officers  from our company and other  entities may conflict  from
time to time.  Because  we rely  primarily  on our  directors  and  officers  to
maintain  our  business  contacts  and to promote  our  product,  their  limited
devotion of time and  attention to our  business  may hurt the  operation of our
business.

OUR INDEPENDENT  AUDITORS' REPORT STATES THAT THERE IS A SUBSTANTIAL  DOUBT THAT
WE WILL BE ABLE TO CONTINUE AS A GOING CONCERN.

Our independent auditors, Moore and Associates,  Chartered, state in their audit
report, dated February 11, 2009 and included with this prospectus, that since we
are a development stage company,  have no established  source of revenue and are
dependent on our ability to raise capital from  shareholders or other sources to
sustain  operations,  there  is a  substantial  doubt  that  we  will be able to
continue as a going concern.

This qualification clearly highlights that we will, in all likelihood,  continue
to incur expenses without significant revenues into the foreseeable future until
our product gains significant  popularity.  Our only source of funds to date has
been the sale of our common stock. Because we cannot assure anyone at this stage
that we will be able to generate  enough interest in our product or that we will
be able to generate any significant  revenues or income,  the  identification of
new sources equity  financing is  significantly  more  difficult,  and if we are
successful in closing on any new financing,  existing  investors will experience
substantially  more  dilution.  The  ability to obtain  debt  financing  is also
severely  impacted,  and  likely  not even  feasible,  given that we do not have
revenues or profits to pay interest or repay principal.

As a result,  if we are unable to obtain  additional  financing at this stage in
our  operations,  our  business  will  fail and you may lose some or all of your
investment in our common stock.

                                       8

INVESTORS WILL HAVE LITTLE VOICE REGARDING THE MANAGEMENT OF FREIGHT  MANAGEMENT
DUE TO THE LARGE OWNERSHIP POSITION HELD BY OUR EXISTING  MANAGEMENT AND THUS IT
WOULD BE  DIFFICULT  FOR NEW  INVESTORS  TO MAKE  CHANGES IN OUR  OPERATIONS  OR
MANAGEMENT,  AND THEREFORE,  SHAREHOLDERS  WOULD BE SUBJECT TO DECISIONS MADE BY
MANAGEMENT AND THE MAJORITY SHAREHOLDERS, INCLUDING THE ELECTION OF DIRECTORS.

Officers and directors  directly own 4,000,000  shares of the total of 5,060,000
issued and outstanding shares of Freight  Management's common stock and are in a
position to continue to control Freight  Management.  Of these 4,000,000 shares,
Mr. Abotaleb, our President,  owns 2,000,000 shares and Mr. Lewis, our Secretary
Treasurer and CFO owns  2,000,000  shares.  Collectively  they own 79.05% of our
total  outstanding  common  shares.  Such  control may be risky to the  investor
because our  company's  operations  are dependent on a very few people who could
lack  ability,  or interest  in  pursuing  our  operations.  In such event,  our
business may fail and you may lose your entire investment.  Moreover,  investors
will not be able to  effect  a  change  in the  company's  board  of  directors,
business or management.

FUTURE  REGULATION OF THE INTERNET COULD RESTRICT OUR BUSINESS,  PREVENT US FROM
OFFERING SERVICE OR INCREASE OUR COST OF DOING BUSINESS.

At present there are few laws,  regulations or rulings that specifically address
access to or commerce on the Internet.  We are unable to predict the impact,  if
any, that future  legislation,  legal  decisions or  regulations  concerning the
Internet  may  have  on  our  business,  financial  condition,  and  results  of
operations.  Regulation may be targeted towards,  among other things,  assessing
access or settlement charges, imposing taxes related to internet communications,
restricting  content,  imposing  tariffs  or  regulations  based  on  encryption
concerns or the  characteristics  and quality of products and  services,  any of
which could  restrict our business or increase our cost of doing  business.  The
increasing  growth and popularity of the Internet and related services  heighten
the risk that governments or other legislative  bodies will seek to regulate the
service,  which could have a material adverse effect on our business,  financial
condition and operating results.

RISKS ASSOCIATED WITH MERGING WITH OR ACQUIRING A NEW BUSINESS OPPORTUNITY

WE WILL  REQUIRE  ADDITIONAL  FINANCING.  INADEQUATE  FINANCING  MAY  IMPAIR OUR
ABILITY TO COMPETE IN THE MARKETPLACE WHICH MAY RESULT IN THE DISSOLUTION OF OUR
COMPANY.

We require  additional  financing to complete a suitable  merger or  combination
with a  business  opportunity.  Further,  we  anticipate  that we will  not have
sufficient capital to fund our ongoing operations for the next twelve months. We
may  be  required  to  raise  additional  financing  for a  particular  business
combination  or business  opportunity.  We would  likely  secure any  additional
financing necessary through a private placement of our common shares.

There  can be no  assurance  that,  if  required,  any  such  financing  will be
available upon terms and  conditions  acceptable to us, if at all. Our inability
to obtain additional financing in a sufficient amount when needed and upon terms
and conditions  acceptable to us could have a materially adverse effect upon our
company.  There  can be no  assurance  that  such  funds  will be  available  or
available on terms satisfactory to us. If additional funds are raised by issuing
equity securities, further dilution to existing or future shareholders is likely
to result.  If adequate funds are not available on acceptable terms when needed,
we may be required to delay,  scale back or  eliminate  the  development  of any
business  opportunity that we acquire.  Inadequate funding could also impair our
ability to compete in the  marketplace,  which may result in the  dissolution of
our company.

WE HAVE A LIMITED  OPERATING  HISTORY AND IF WE ARE NOT SUCCESSFUL IN CONTINUING
TO GROW OUR  BUSINESS,  THEN WE MAY HAVE TO SCALE BACK OR EVEN CEASE OUR ONGOING
BUSINESS OPERATIONS.

We have a  limited  operating  history  on  which to base an  evaluation  of our
business and prospects.  Our prospects must be considered in light of the risks,
uncertainties,  expenses and  difficulties  frequently  encountered by companies
seeking to acquire or establish a new business opportunity.  Some of these risks
and  uncertainties  relate to our ability to  identify,  secure and  complete an
acquisition of a suitable business opportunity.

We cannot be sure  that we will be  successful  in  addressing  these  risks and
uncertainties and our failure to do so could have a materially adverse effect on
our financial condition.  In addition,  our operating results are dependent to a

                                       9

large degree upon factors  outside of our control.  There are no assurances that
we will be  successful  in  addressing  these  risks,  and  failure to do so may
adversely affect our business.

It is unlikely that we will generate any or significant revenues while we seek a
suitable business opportunity. Our short and long-term prospects depend upon our
ability to select and secure a suitable business opportunity. In order for us to
make a profit, we will need to successfully  acquire a new business  opportunity
in order to  generate  revenues  in an  amount  sufficient  to cover any and all
future costs and expenses in connection with any such business opportunity. Even
if we become  profitable,  we may not  sustain  or  increase  our  profits  on a
quarterly or annual basis in the future.

SCARCITY OF AND COMPETITION FOR BUSINESS  OPPORTUNITIES AND COMBINATIONS,  PLACE
OUR COMPANY AT A  COMPETITIVE  DISADVANTAGE  IN  IDENTIFYING  POSSIBLE  BUSINESS
OPPORTUNITIES AND SUCCESSFULLY COMPLETING A BUSINESS COMBINATION.

We are, and will continue to be, an insignificant  participant  amongst numerous
other companies seeking a suitable business opportunity or business combination.
A large number of established  and  well-financed  entities,  including  venture
capital firms, are actively seeking suitable business  opportunities or business
combinations,  which may also be desirable  target  candidates for us. Virtually
all such entities have  significantly  greater  financial  resources,  technical
expertise and managerial  capabilities  than we do. We are,  consequently,  at a
competitive  disadvantage in identifying  possible  business  opportunities  and
successfully  completing  a  business  combination.  We will also  compete  with
numerous other small public companies seeking suitable business opportunities or
business combinations.

THE SUCCESS OF A POTENTIAL  MERGER OR COMBINATION  WILL DEPEND TO A GREAT EXTENT
ON THE OPERATIONS, FINANCIAL CONDITION AND MANAGEMENT OF ANY IDENTIFIED BUSINESS
OPPORTUNITY.

The success of a potential  merger or combination  will depend to a great extent
on the operations, financial condition and management of any identified business
opportunity.  While  management  intends to seek business  opportunities  and/or
business  combinations with entities which have established operating histories,
there is no assurance that we will  successfully  locate business  opportunities
meeting such criteria.  In the event that we complete a business  combination or
otherwise acquire a business  opportunity,  the success of our operations may be
dependent  upon  management  of the  successor  firm or  venture  partner  firm,
together with a number of other factors beyond our control.

We have no arrangement,  agreement, or understanding with respect to acquiring a
business  opportunity  or  engaging in a business  combination  with any private
entity.  Accordingly,  we may enter into a business  combination with a business
opportunity  having no  significant  operating  history,  losses,  limited or no
potential for earnings,  limited  assets,  negative net worth or other  negative
characteristics.

Although we have entered into preliminary negotiations with prospective business
entities,  we have not entered into any formal written agreements for a business
combination or opportunity.  There can be no assurance that we will successfully
identify and evaluate  suitable  business  opportunities  or conclude a business
combination.  There  is no  assurance  that we will  be  able to  negotiate  the
acquisition  of a  business  opportunity  or a  business  combination  on  terms
favorable to us. We have not established a specific length of operating  history
or a specified level of earnings,  assets,  net worth or other criteria which we
will require a target business  opportunity to have achieved,  and without which
we would not  consider a  business  combination  in any form with such  business
opportunity.  Accordingly,  we may  enter  into a  business  combination  with a
business opportunity having no significant operating history, losses, limited or
no potential for earnings,  limited assets, negative net worth or other negative
characteristics.

PROBABLE   CHANGE  IN  CONTROL  AND  MANAGEMENT  MAY  REDUCE  OR  ELIMINATE  THE
PARTICIPATION OF OUR PRESENT OFFICERS AND DIRECTORS IN THE FUTURE AFFAIRS OF OUR
COMPANY.

A business  combination or acquisition of a business  opportunity  involving the
issuance  of our  common  shares  may  result  in new or  incoming  shareholders
obtaining a controlling  interest in our company.  Any such business combination
or acquisition of a business  opportunity may require  management of our company
to sell or transfer all or a portion of the common  shares in the capital of our
company  that  they hold or resign as  members  of our Board of  Directors.  The
resulting  change in our control  could  result in removal of one or more of our
present officers and directors, and a corresponding reduction in, or elimination
of, their participation in the future affairs of our company.

                                       10

REQUIREMENT   OF  AUDITED   FINANCIAL   STATEMENTS  MAY  DISQUALIFY  A  BUSINESS
OPPORTUNITY.

Management  believes that any potential  business  opportunity or target company
must provide audited  financial  statements for review and for the protection of
all parties to the business  acquisition or combination.  One or more attractive
business  opportunities  may forego a business  combination  with us rather than
incur the expenses associated with preparing audited financial statements.

A FAILURE TO MANAGE GROWTH EFFECTIVELY COULD HAVE A MATERIALLY ADVERSE EFFECT ON
OUR BUSINESS.

Our ability to achieve any growth upon the  acquisition  of a suitable  business
opportunity or business  combination  will be dependent upon a number of factors
including,  but not  limited  to,  our  ability  to hire,  train and  assimilate
management and other employees and the adequacy of our financial  resources.  In
addition,  there can be no assurance that we will be able to manage successfully
any business opportunity or business combination.  Failure to manage anticipated
growth effectively and efficiently could have a materially adverse effect on our
business.

RISKS ASSOCIATED WITH OUR COMMON STOCK

DIFFICULTY FOR FREIGHT  MANAGEMENT  STOCKHOLDERS  TO RESELL THEIR STOCK DUE TO A
LIMITED PUBLIC TRADING MARKET

There is a very limited public  trading  market for our common stock,  and it is
unlikely that an active public trading market can be established or sustained in
the foreseeable future. Until there is an established trading market, holders of
our common stock may find it difficult to sell their stock or to obtain accurate
quotations  for the price of the common stock.  If a market for our common stock
does develop, our stock price may be volatile.

BROKER-DEALERS  MAY BE  DISCOURAGED  FROM EFFECTING  TRANSACTIONS  IN OUR SHARES
BECAUSE  THEY ARE  CONSIDERED  PENNY  STOCKS AND ARE  SUBJECT TO THE PENNY STOCK
RULES.

Rules 15g-1 through 15g-9 promulgated under the Securities  Exchange Act of 1934
impose sales practice and disclosure  requirements on FINRA  broker-dealers  who
make a market in "penny stocks". A penny stock generally includes any non-Nasdaq
equity security that has a market price of less than $5.00 per share.  Purchases
and sales of our shares will be generally  facilitated  by FINRA  broker-dealers
who act as market  makers for our shares.  The  additional  sales  practice  and
disclosure    requirements    imposed   upon   broker-dealers   may   discourage
broker-dealers from effecting  transactions in our shares,  which could severely
limit the  market  liquidity  of the shares and impede the sale of our shares in
the secondary market.

Under the penny stock regulations, a broker-dealer selling penny stock to anyone
other than an  established  customer or  "accredited  investor"  (generally,  an
individual with net worth in excess of $1,000,000 or an annual income  exceeding
$200,000,  or  $300,000  together  with his or her  spouse)  must make a special
suitability  determination  for the purchaser  and must receive the  purchaser's
written consent to the transaction  prior to sale,  unless the  broker-dealer or
the transaction is otherwise exempt.

In addition,  the penny stock regulations  require the broker-dealer to deliver,
prior to any transaction involving a penny stock, a disclosure schedule prepared
by the Commission  relating to the penny stock market,  unless the broker-dealer
or the  transaction is otherwise  exempt.  A  broker-dealer  is also required to
disclose   commissions   payable  to  the   broker-dealer   and  the  registered
representative   and  current   quotations  for  the  securities.   Finally,   a
broker-dealer  is required to send monthly  statements  disclosing  recent price
information  with  respect to the penny stock held in a  customer's  account and
information with respect to the limited market in penny stocks.

WE ARE SUBJECT TO THE PERIODIC REPORTING REQUIREMENTS OF THE SECURITIES EXCHANGE
ACT OF 1934,  WHICH REQUIRES US TO INCUR AUDIT FEES AND LEGAL FEES IN CONNECTION
WITH THE PREPARATION OF SUCH REPORTS.  THESE ADDITIONAL COSTS NEGATIVELY  AFFECT
OUR ABILITY TO EARN A PROFIT.

In order to comply with these requirements,  our independent registered auditors
have to review  our  financial  statements  on a  quarterly  basis and audit our
financial  statements  on an annual  basis.  Moreover,  our legal counsel has to
review and assist in the  preparation  of such reports.  The incurrence of these

                                       11

costs is an expense  to our  operations  and they have a negative  effect on our
ability to meet our overhead requirements and earn a profit.

INVESTORS THAT NEED TO RELY ON DIVIDEND INCOME OR LIQUIDITY  SHOULD NOT PURCHASE
SHARES OF OUR COMMON STOCK.

We have not  declared  or paid any  dividends  on our  common  stock  since  our
inception,  and  we  do  not  anticipate  paying  any  such  dividends  for  the
foreseeable  future.  Investors that need to rely on dividend  income should not
invest in our common  stock,  as any income would only come from any rise in the
market  price  of our  common  stock,  which  is  uncertain  and  unpredictable.
Investors  that require  liquidity  should also not invest in our common  stock.
There is no established trading market and should one develop, it will likely be
volatile and subject to minimal trading volumes.

BECAUSE WE CAN ISSUE ADDITIONAL SHARES OF COMMON STOCK, PURCHASERS OF OUR COMMON
STOCK MAY INCUR IMMEDIATE DILUTION AND MAY EXPERIENCE FURTHER DILUTION.

We are authorized to issue up to 75,000,000  shares of common stock. At present,
there are 5,060,000 common shares issued and outstanding. Our Board of Directors
has the authority to cause us to issue additional shares of common stock without
consent  of  any  of  our  stockholders.   Consequently,  the  stockholders  may
experience more dilution in their ownership of Freight Management in the future.

SINCE OUR OFFICERS AND DIRECTORS OWN A SIGNIFICANT  PERCENTAGE OF OUR ISSUED AND
OUTSTANDING  COMMON  STOCK,  ANY  FUTURE  SALES OF THEIR  SHARES MAY RESULT IN A
DECREASE  IN THE PRICE OF OUR  COMMON  STOCK AND THE VALUE OF OUR  STOCKHOLDER'S
INVESTMENT

Our officer and director owns 4,000,000  shares of the total of 5,060,000 issued
and outstanding  shares of our common stock. This represents 79.05% of our total
outstanding  common shares.  These shares are currently  restricted from trading
and under Rule 144, and are only available for resale to the public if:

     *    We are no longer a shell company as defined under section 12b-2 of the
          Exchange  Act. A "shell  company"  is defined as a company  with no or
          nominal operations, and with no or nominal assets or assets consisting
          solely of cash and cash equivalents.
     *    We have  filed  all  Exchange  Act  reports  required  for the past 12
          months; and
     *    If  applicable,  at least one year has  elapsed  from the time that we
          file current Form 10  information on Form 8-K changing our status from
          a shell company to an entity that is not a shell company.

At present we are considered to be a shell company under the Exchange Act. If we
meet the  requirements  at any date subsequent to the date hereof in the future,
our  officers  and  directors  would be  entitled to sell within any three month
period a number of shares  that does not exceed the greater of: 1% of the number
of shares of our  common  stock  then  outstanding  which,  in this  case,  will
currently equate to approximately  50,600 shares;  or the average weekly trading
volume of  Freight  Management  common  stock  during the four  calendar  weeks,
preceding  the filing of a notice on Form 144 with respect to the sale for sales
exceeding 5,000 shares or an aggregate sale price in excess of $50,000. If fewer
shares at lesser value are sold, no Form 144 is required.

The  possibility of future sales of  significant  amounts of shares held by them
could decrease the market price of our common stock if the marketplace  does not
orderly adjust to the increase in shares in the market.  In such case, the value
of your investment in us will decrease.

OTHER RISKS

ALL OF OUR  ASSETS  AND OUR  OFFICERS  AND  DIRECTORS  ARE  LOCATED IN EGYPT AND
CANADA.  THIS MAY CAUSE  ANY  ATTEMPTS  TO  ENFORCE  LIABILITIES  UNDER THE U.S.
SECURITIES AND BANKRUPTCY LAWS TO BE VERY DIFFICULT.

Currently, all of our assets and our officers and directors are located in Egypt
and Canada. Our planned for operations will also be conducted these countries as
well as any additional assets that we acquire hereafter. Therefore, any investor
that attempts to enforce  against the company or against any of our officers and
directors  liabilities that accrue under U.S. securities laws or bankruptcy laws
will face the difficulty of complying with local laws in Egypt and Canada,  with
regards to enforcement of foreign judgments. This could make it impracticable or
uneconomic to enforce such liabilities.

                                       12

ITEM 2. DESCRIPTION OF PROPERTY.

We do not own  any  property,  real  or  otherwise.  We  rent  executive  office
facilities located at Suite 200, 8275 Eastern Avenue, Las Vegas, NV, 89123. This
is a shared  office  facility,  which offers  office space and  secretarial  and
administrative  services  for $150  monthly.  We may cancel upon 30 days written
notice.  This  location  will serve as our  primary  executive  offices  for the
foreseeable  future.  Mr. Abotaleb and Mr. Lewis also work from their residences
in Egypt and Canada respectively at no charge to our company.

We believe our current  premises are adequate for our current  operations and we
do  not  anticipate  that  we  will  require  any  additional  premises  in  the
foreseeable future, unless we merge with or acquire a new business operation.

We do not have any investments or interests in any real estate. Our company does
not invest in real estate  mortgages,  nor does it invest in  securities  of, or
interests in, persons primarily engaged in real estate activities.

ITEM 3. LEGAL PROCEEDINGS.

We  are  not a  party  to  any  legal  proceedings,  nor  are  we  aware  of any
contemplated or pending legal proceedings against us.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

None.

                                     PART II

ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS.

In the United States,  our common shares are traded on the National  Association
of Securities Dealers Inc. OTC Bulletin Board under the symbol "FGGT".

Of the  5,060,000  shares of common stock  outstanding  as of February 12, 2009,
4,000,000 shares were owned by our officers,  directors and affiliates,  and may
only be resold in compliance with Rule 144 of the Securities Act of 1933 and are
also subject to the volume and trading limitations of Rule 144 of the Act.

We have no outstanding options or warrants, or other securities convertible into
common stock.

At February 12, 2009 there were 41 holders of record.

Routh Stock Transfer, Suite 200, 6860 N. Dallas Parkway, Plano, Texas, USA 75024
is the registrar and transfer agent for our common shares. Their phone number is
(972) 381-2782 and their fax number is (972) 381-2783.

RULES GOVERNING  LOW-PRICE STOCKS THAT MAY AFFECT OUR  SHAREHOLDERS'  ABILITY TO
RESELL SHARES OF OUR COMMON STOCK

Quotations on the OTCBB reflect  inter-dealer  prices,  without retail  mark-up,
markdown or commission and may not reflect actual transactions. Our common stock
is subject  to certain  rules  adopted  by the SEC that  regulate  broker-dealer
practices  in  connection  with  transactions  in "penny  stocks".  Penny stocks
generally are securities with a price of less than $5.00,  other than securities
registered  on  certain  national  exchanges  or  quoted on the  Nasdaq  system,
provided  that  the  exchange  or  system  provides  current  price  and  volume
information with respect to transaction in such securities. The additional sales
practice  and  disclosure  requirements  imposed  upon  broker-dealers  are  may
discourage  broker-dealers from effecting transactions in our shares which could
severely  limit the  market  liquidity  of the shares and impede the sale of our
shares in the secondary market.

                                       13

The penny stock rules require broker-dealers,  prior to a transaction in a penny
stock  not  otherwise  exempt  from the  rules,  to make a  special  suitability
determination  for the purchaser to receive the  purchaser's  written consent to
the transaction prior to sale, to deliver standardized risk disclosure documents
prepared by the SEC that provides  information about penny stocks and the nature
and  level of risks in the  penny  stock  market.  The  broker-dealer  must also
provide the customer with current bid and offer  quotations for the penny stock.
In addition,  the penny stock regulations  require the broker-dealer to deliver,
prior to any transaction involving a penny stock, a disclosure schedule prepared
by the SEC relating to the penny stock market,  unless the  broker-dealer or the
transaction is otherwise  exempt.  A broker-dealer  is also required to disclose
commissions  payable to the broker-dealer and the registered  representative and
current  quotations for the securities.  Finally, a broker-dealer is required to
send monthly statements  disclosing recent price information with respect to the
penny stock held in a  customer's  account and  information  with respect to the
limited market in penny stocks.

DIVIDENDS

We have not declared any cash  dividends,  nor do we intend to do so. We are not
subject to any legal  restrictions  respecting the payment of dividends,  except
that they may not be paid to render us insolvent.  Dividend policy will be based
on our cash  resources and needs and it is  anticipated  that all available cash
will be needed for our operations in the foreseeable future.

RECENT SALES OF UNREGISTERED SECURITIES

We have sold  securities  within the past three years  without  registering  the
securities under the Securities Act of 1933 on two separate occasions.

On  September  17,  2007 Mr.  Ibrahim  Abotaleb,  our  President  and  Director,
purchased  2,000,000  shares  of our  common  stock for  $0.002  per share or an
aggregate of $4,000.  On September  17, 2007 Mr.  Gerald  Lewis,  our  Secretary
Treasurer  and  Director,  purchased  2,000,000  shares of our common  stock for
$0.002 per share or an aggregate of $4,000.  No  underwriters  were used, and no
commissions or other  remuneration  was paid except to Freight  Management.  The
securities  were  sold  in an  offshore  transaction  relying  on  Rule  903  of
Regulation S of the Securities  Act of 1933. Mr.  Abotaleb and Mr. Lewis are not
U.S.  persons as that term is  defined  in  Regulation  S. No  directed  selling
efforts were made in the United States by Freight  Management,  any distributor,
any of their respective  affiliates or any person acting on behalf of any of the
foregoing.  We are  subject  to  Category  3 of  Rule  903 of  Regulation  S and
accordingly we implemented the offering  restrictions  required by Category 3 of
Rule 903 of  Regulation S by including a legend on all  offering  materials  and
documents  which  stated  that the  shares  have not been  registered  under the
Securities Act of 1933 and may not be offered or sold in the United States or to
US persons unless the shares are registered under the Securities Act of 1933, or
an exemption from the registration requirements of the Securities Act of 1933 is
available.  The offering materials and documents also contained a statement that
hedging  transactions  involving  the  shares  may not be  conducted  unless  in
compliance with the Securities Act of 1933. The shares continue to be subject to
Rule 144 of the Securities Act of 1933.

On December 31, 2007 we accepted  subscription  agreements  that sold  1,060,000
common shares to the following 39  subscribers at an offering price of $0.05 per
share for gross offering proceeds of $53,000.  This was an offshore  transaction
pursuant to  Regulation S of the  Securities  Act.  The  offering  price for the
offshore  transactions  was  established  on an  arbitrary  basis.  All  of  the
following persons are not U.S. persons,  as the term is defined under Regulation
S and the sales of our common stock to the following person are made in offshore
transactions  as the term is  defined  under  Regulation  S. No  direct  selling
efforts were made in the United States by Freight  Management,  any distributor,
any of our respective  affiliates,  or any person acting on behalf of any of the
foregoing.  We are  subject  to  Category  3 of  Rule  903 of  Regulation  S and
accordingly we implemented the offering  restrictions  required by Category 3 of
Rule 903 of  Regulation S by including a legend on all  offering  materials  and
documents  which  stated  that the  shares  have not been  registered  under the
SECURITIES ACT OF 1933 and may not be offered or sold in the United States or to
U.S.  persons unless the shares are registered under the SECURITIES ACT OF 1933,
if an exemption from registration  requirements of the SECURITIES ACT OF 1933 is
available.  The offering materials and documents also contained a statement that
hedging  transactions  involving  the  shares  may not be  conducted  unless  in
compliance with the SECURITIES ACT OF 1933.  These 1,060,000  common shares were
subsequently  registered under our S-1A/2 Registration  Statement made effective
on March 6, 2008.

                                       14

No  underwriters  were used, and no commissions or other  remuneration  was paid
except to the company for any of the above noted.

SALE OF REGISTERED SECURITIES AND USE OF PROCEEDS

None.

DESCRIPTION OF SECURITIES

COMMON STOCK

We are authorized to issue 75,000,000 shares of common stock with a par value of
$0.001.  We are not authorized to issue shares of preferred  stock.  At February
12, 2009 there were 5,060,000 common shares outstanding.  There are no warrants,
options or convertible securities outstanding. Upon liquidation,  dissolution or
winding up of the corporation, the holders of common stock are entitled to share
ratably in all net assets  available  for  distribution  to  stockholders  after
payment to creditors.  The common stock is not convertible or redeemable and has
no  preemptive,  subscription  or conversion  rights.  There are no  conversion,
redemption,  sinking fund or similar provisions regarding the common stock. Each
outstanding  share of  common  stock  is  entitled  to one  vote on all  matters
submitted to a vote of stockholders. There are no cumulative voting rights.

Each  stockholder is entitled to receive the dividends as may be declared by our
board of directors  out of funds legally  available  for  dividends  and, in the
event of liquidation,  to share pro rata in any distribution of our assets after
payment of  liabilities.  Our board of directors  is not  obligated to declare a
dividend. Any future dividends will be subject to the discretion of our board of
directors  and will  depend  upon,  among other  things,  future  earnings,  the
operating  and  financial  condition of our company,  its capital  requirements,
general business  conditions and other pertinent factors.  It is not anticipated
that dividends will be paid in the foreseeable future.

There are no  provisions  in our  articles of  incorporation  or our bylaws that
would delay, defer or prevent a change in control of our company.

ITEM 7. MANAGEMENT'S PLAN OF OPERATION.

The following discussion of the plan of operation,  financial condition, results
of  operations,  cash flows and  changes in  financial  position  of our Company
should be read in  conjunction  with our most recent  financial  statements  and
notes appearing elsewhere in this Form 10-K.

Our immediate  priority is to either secure suitable  financing to continue with
our existing business or change our business and conclude a merger,  acquisition
or  combination  with a business  prospect.  This is  critical  to to ensure our
survival and to preserve our  shareholder's  investment in our common shares. At
this stage in our  operations,  we believe either course is  acceptable,  as our
operations  have not been  profitable and our company will fail without  further
significant  financing.  We currently  have a small working  capital  deficiency
including  what we owe to our director.  Our director has  indicated  that he is
willing  to lend our  company  minimum  funds to  enable  us meet our  statutory
corporate and reporting obligations for the next 12 months through unsecured, no
interest loans.

We believe we require a minimum of $70,000 in  additional  financing to continue
and commercially  develop our existing  business over the next 12 months,  which
would be expended as follows:

  General and administrative                                           $15,000
  Legal and accounting                                                  20,000
  Additional website development                                         8,000
  Website integration of software                                        3,000
  Marketing programs, shipping forums and search optimization           20,000
                                                                       -------
                                                                       $66,000
                                                                       =======

                                       15

Concurrent with our search for additional  financing for our existing  business,
we are also actively seeking business  opportunities  with established  business
entities  for the  merger of a target  business  with our  company.  In  certain
instances,  a target  business may wish to become a subsidiary of our company or
may wish to contribute  assets to our company  rather than merge.  We anticipate
that any new acquisition or business  opportunities  by our company will require
additional financing and that we will close our existing business.  There can be
no assurance,  however,  that we will be able to acquire the financing necessary
to  enable  us to  pursue  this new plan.  If our  company  requires  additional
financing and we are unable to acquire such funds, our business may fail.

We may seek a business  opportunity  with entities who have  recently  commenced
operations,  or entities who wish to utilize the public  marketplace in order to
raise additional capital in order to expand business development activities,  to
develop a new  product  or  service,  or for other  corporate  purposes.  We may
acquire assets and establish wholly-owned  subsidiaries in various businesses or
acquire existing businesses as subsidiaries.

At this stage, we cannot  quantify what additional  financing we will require to
complete a combination or merger with another business  opportunity,  or whether
the opportunity's operations will be profitable.

RESULTS OF OPERATIONS

Our  company  posted  losses of $57,140  for the year ended  December  31,  2008
compared to $1,576 from  inception  to December  31,  2007.  From  inception  to
December 31, 2008 we have incurred losses of $58,716.  The principal  components
of our losses for fiscal  2008  included  general  and  administrative  costs of
$25,558, FRINFO software and database development of $30,250 and amortization of
our website of $1,332. Our 2008 general & administrative  expense totals include
$16,100 for the preparation and filing of our registration statement.

LIQUIDITY AND CASH RESOURCES

At December 31, 2008 we had working capital of $3,047, not including $3,320 owed
to our director,  who has indicated that the amount is repayable within the next
12 months  provided we have  sufficient  resources  to do so.  This  compares to
$56,355 at December 31, 2007. At December 31, 2008 we had $2,905 in cash.

Because no  remaining  cash and not  generated  any revenue from our business we
need to raise additional funds for the future development of our business and to
respond   to   unanticipated   requirements   or   expenses,   or  to  fund  the
identification,  evaluation and  combination or merger with a suitable  business
opportunity.

Other than  limited  loans from our  director  to  continue  with our  statutory
requirements  for the next 12 months,  we do not currently have any arrangements
for  financing  and we can provide no  assurance to investors we will be able to
find such financing. There can be no assurance that additional financing will be
available to us, or on terms that are  acceptable.  Consequently,  we may not be
able to proceed with our  intended  business  plans and our  business  will then
likely fail.

PRODUCT RESEARCH AND DEVELOPMENT

Unless we acquire a new business,  we do not anticipate  that we will expend any
significant  monies on research and  development  over the twelve  months ending
December 31, 2009.

PURCHASE OF SIGNIFICANT EQUIPMENT

Unless we acquire a new business,  we do not intend to purchase any  significant
equipment over the twelve months ending December 31, 2009.

EMPLOYEES

Currently  our only  employees  are our  directors  and officers and will likely
remain so until December 31, 2009 unless we acquire a new business.

GOING CONCERN

We have  historically  incurred losses.  Because of these historical  losses, we
will require additional working capital to develop our business  operations.  We
do not anticipate  that we will derive any revenues from  operations  unless and
until we obtain additional financing to continue with our business or we acquire
a new business opportunity. There can be no assurance that we can do so or that,
even if we are successful in doing so, we will be able to operate profitably.

                                       16

Due to the uncertainty of our ability to meet our current operating expenses and
the  capital  expenses  noted  above,  in their  report on the annual  financial
statements  for the year ended  December  31,  2008,  our  independent  auditors
included  an  explanatory  paragraph  regarding  concerns  about our  ability to
continue as a going concern.  Our financial  statements  contain additional note
disclosures  describing the  circumstances  that lead to this  disclosure by our
independent auditors.

There are no  assurances  that we will be able to either (1)  achieve a level of
revenues  adequate  to generate  sufficient  cash flow from  operations;  or (2)
obtain additional financing through private placements,  public offerings and/or
bank financings necessary to support our working capital requirements.  As noted
herein, we are pursuing various financing alternatives to meet our immediate and
long-term  financial  requirements.  There can be no assurance  that  additional
financing  will be available to us when needed or, if available,  that it can be
obtained  on  commercially  reasonable  terms.  If we are not able to obtain the
additional  financing  on a timely  basis,  we will be  unable  to  conduct  our
operations as planned,  and we will not be able to meet our other obligations as
they become due. In such event,  we will be forced to scale down or perhaps even
cease our operations.

We intend to raise  additional  working  capital  as and when we need it through
private placements, public offerings and/or bank financing. We have historically
raised  working  capital  through the sale of equity  securities and small loans
from  our  Director,  but  there  can be no  assurance  that  we will be able to
continue to do so.

OFF-BALANCE SHEET ARRANGEMENTS

There are no off-balance sheet  arrangements that have, or are reasonably likely
to have,  a current  or future  effect on our  financial  condition,  changes in
financial  condition,  revenues or expenses,  results of operations,  liquidity,
capital expenditures or capital resources that is material to investors.

QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK

We  believe  our  market  risk  exposures  arise  primarily  from  exposures  to
fluctuations  in interest rates and exchange  rates.  We presently only transact
business in US Dollars.  We believe that the exchange rate risk  surrounding the
future  transactions of the Company will not materially or adversely  affect our
future earnings, unless we aquire or merge with a business that is significantly
dependent on foreign exchange transactions,  floating interest rate debt or some
other factor. We do not use derivative financial  instruments to manage risks or
for speculative or trading purposes.

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.

The  financial  statements  required by this Item begin on Page F-1 of this Form
10-K, and include:

     *    the report of independent accountants

     *    balance sheet as of December 31, 2008

     *    statements of operations, cash flows and stockholders' equity from the
          incorporation date to December 31, 2008

     *    notes to the financial statements

ITEM 9.  CHANGES  IN  AND  DISAGREEMENTS  WITH  ACCOUNTANTS  ON  ACCOUNTING  AND
         FINANCIAL DISCLOSURE.

None.

ITEM 9A. CONTROLS AND PROCEDURES

Our management is responsible for establishing and maintaining adequate internal
control over financial  reporting.  Internal control over financial reporting is
defined in Rule 13a-15(f) or 15d-15(f) promulgated under the Securities Exchange
Act of 1934 as a process designed by, or under the supervision of, the company's
principal  executive  and  principal  financial  officers  and  effected  by the
company's  board of  directors,  management  and  other  personnel,  to  provide
reasonable  assurance  regarding the reliability of financial  reporting and the
preparation  of financial  statements for external  purposes in accordance  with

                                       17

accounting  principles  generally  accepted in the United  States of America and
includes those policies and procedures that:

     *    Pertain  to the  maintenance  of  records  that in  reasonable  detail
          accurately and fairly reflect the transactions and dispositions of the
          assets of the company;
     *    Provide  reasonable   assurance  that  transactions  are  recorded  as
          necessary to permit preparation of financial  statements in accordance
          with accounting  principles generally accepted in the United States of
          America and that  receipts and  expenditures  of the company are being
          made  only  in  accordance  with   authorizations  of  management  and
          directors of the company; and
     *    Provide reasonable  assurance regarding prevention or timely detection
          of  unauthorized  acquisition,  use or  disposition  of the  company's
          assets that could have a material effect on the financial statements.

Because of its inherent  limitations,  internal control over financial reporting
may not  prevent  or detect  misstatements.  Projections  of any  evaluation  of
effectiveness to future periods are subject to the risk that controls may become
inadequate  because of changes in  conditions,  or that the degree of compliance
with the policies or procedures may  deteriorate.  All internal control systems,
no matter how well designed,  have inherent limitations.  Therefore,  even those
systems  determined to be effective can provide only  reasonable  assurance with
respect to financial  statement  preparation  and  presentation.  Because of the
inherent  limitations  of  internal  control,  there  is a  risk  that  material
misstatements  may not be  prevented  or detected on a timely  basis by internal
control over financial reporting.  However, these inherent limitations are known
features of the financial reporting process. Therefore, it is possible to design
into the process safeguards to reduce, though not eliminate, this risk.

As of December 31, 2008 management  assessed the  effectiveness  of our internal
control over financial  reporting  based on the criteria for effective  internal
control over financial  reporting  established  in Internal  Control--Integrated
Framework  issued by the Committee of Sponsoring  Organizations  of the Treadway
Commission  ("COSO") and SEC guidance on conducting such  assessments.  Based on
that evaluation,  they concluded that, during the period covered by this report,
such  internal  controls  and  procedures  were  not  effective  to  detect  the
inappropriate  application of US GAAP rules as more fully described below.  This
was due to deficiencies  that existed in the design or operation of our internal
controls over financial  reporting that adversely affected our internal controls
and that may be considered to be material weaknesses.

The matters  involving  internal  controls and  procedures  that our  management
considered to be material  weaknesses  under the standards of the Public Company
Accounting  Oversight Board was the lack of a functioning audit committee due to
a lack of a majority of independent  members and a lack of a majority of outside
directors on our board of directors,  resulting in ineffective  oversight in the
establishment and monitoring of required internal controls and procedures.  This
material  weaknesses was identified by our Chief Executive Officer in connection
with the review of our financial statements as of December 31, 2008.

Management  believes that the lack of a functioning audit committee and the lack
of a  majority  of  outside  directors  on our  board of  directors  results  in
ineffective  oversight in the  establishment and monitoring of required internal
controls and  procedures,  which could result in a material  misstatement in our
financial statements in future periods.

This annual report does not include an attestation  report of the  Corporation's
registered  public  accounting  firm regarding  internal  control over financial
reporting.   Management's   report  was  not  subject  to   attestation  by  the
Corporation's  registered  public accounting firm pursuant to temporary rules of
the SEC that permit the Corporation to provide only the  management's  report in
this annual report.

MANAGEMENT'S REMEDIATION INITIATIVES

In  an  effort  to  remediate  the  identified  material  weaknesses  and  other
deficiencies  and enhance our  internal  controls,  we have  initiated a plan to
appoint one or more outside  directors  to our board of  directors  who shall be
appointed to an audit committee resulting in a fully functioning audit committee
who will undertake the oversight in the establishment and monitoring of required
internal  controls and procedures such as reviewing and approving  estimates and
assumptions made by management.

                                       18

Management  believes that the appointment of one or more outside directors,  who
shall be appointed to a fully functioning audit committee,  will remedy the lack
of a functioning  audit committee and a lack of a majority of outside  directors
on  our  Board.  While  we  are  actively  seeking  outside  members,  including
candidates with accounting  experience,  we cannot provide any assurance that we
will be successful.  Given the size of our company, lack of revenues and current
lack of financing to continue with our business, it is unlikely that anyone will
agree to join our Board until general  economic  conditions and our own business
prospects improve significantly.

CHANGES IN INTERNAL CONTROLS OVER FINANCIAL REPORTING

There was no change in our  internal  controls  over  financial  reporting  that
occurred  during  the  period  covered  by this  report,  which  has  materially
affected,  or is reasonably likely to materially  affect,  our internal controls
over financial reporting.

ITEM 9B. OTHER INFORMATION.

None

                                    PART III

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS.

All  directors of our company  hold office until the next annual  meeting of the
stockholders  or until their  successors  have been elected and  qualified.  The
officers of our company are  appointed by our board of directors and hold office
until their  death,  resignation  or removal  from  office.  Our  directors  and
executive  officers,  their ages,  positions  held, and duration as such, are as
follows:

Date First Elected Name Position Held with the Company Age or Appointed ---- ------------------------------ --- ------------ Ibrahim Abotaleb President, CEO and Director 34 September 17, 2007 Gerald Lewis Secretary Treasurer, CFO and Director 60 September 17, 2007
BUSINESS EXPERIENCE The following is a brief account of the education and business experience of each director and executive officer during at least the past five years, indicating each person's business experience, principal occupation during the period, and the name and principal business of the organization by which he was employed. MR. IBRAHIM ABOTALEB, PRESIDENT, CEO, MEMBER OF THE BOARD OF DIRECTORS Mr. Ibrahim Abotaleb has been serving as our President and a member of our Board of Directors since September 17, 2007. The term of his office is for one year and is renewable on an annual basis. From September 2006 until the date hereof, Mr. Abotaleb is employed as the Commercial and Marketing Manager for Medlevant Shipping Co. in Alexandria. Medlevant is the exclusive representative for Hapag-Lloyd AG in Egypt. Hapag-Lloyd is ranked as one of the 5 largest shipping lines in the world and specializes in containerized transport. He is responsible for new business development, customer relations and the annual sales budget, marketing plan and sales team performance for the sales & marketing department. He supervises 7 sales persons in Alexandria office, 3 sales persons in the Cairo office and 5 marketing officers. From January 2006 to August 2006 he was employed as the Sales & Marketing Manager for the Arabian Gulf Marine Trading Co., which was the representative for Hatsu Marine Limited. Hatsu is a member of the Evergreen Group, which is the fourth largest container line in the world. He was responsible for business development, the sales and marketing budget and department personnel. He also acted as the division liaison with overseas offices for the coordination of shipping logistics. From July 2001 to December 2005 he was employed with the Arabian Gulf Marine Co. where he first served as the Marketing and Business Deputy manager and was promoted to Business Export Manager in January 2003. He 19 was responsible for the export sales team, business development and overall the marketing plan for the department. He also was responsible for maintaining shipping route and links logistics for the company. From October 1998 to June 2001 he was employed with Finmar Shipping Co., an agency representative of the Yang Ming Line. He started as a Sales Executive and was promoted to Sales Supervisor in January 2000. He was responsible for direct sales activities, business development and pricing and route coordination. From July 1997 to September 1998 he was employed with Naggar Shipping Co. as a Customer Service and Indoor Sales Representative, where he booked and documented various shipments. Mr. Abotaleb is also highly experienced with computer based shipping logistics programs, possesses extensive knowledge of middle eastern shipping alternatives and routes, USA/Canada business routes and Far East trade routes as well and competitor strengths and weaknesses in the markets in which he operates. He received a Master's degree in Shipping and International Transport from the Arab Academy of Science and Technology, in Alexandria, Egypt in 2004. He also received a Batchelor degree in Accounting from the University of Alexandria, Egypt in 1997. He is currently devoting approximately 25 hours a week of his time to our company, and is planning to devote 30 hours per week if necessary during the next 12 months of operation. He is not an officer or director of any reporting company that files annual, quarterly, or periodic reports with the United States Securities and Exchange Commission. MR. GERALD LEWIS, SECRETARY TREASURER, CFO, MEMBER OF THE BOARD OF DIRECTORS Mr. Lewis has been serving as our Secretary, CFO and a member of our Board of Directors since September 17, 2007. The term of his office is for one year and is renewable on an annual basis. Prior to his retirement in 2005, Mr. Lewis was self employed in the apartment rental business, which he started in 1979. He owned various buildings, and up to 135 rental suites, in Edmonton, Alberta Canada, which he managed and operated himself. He received a degree in mechanical engineering from the University of Alberta in 1972 and his P.Eng (professional engineering certification) in 1975. Mr. Lewis is currently devoting approximately 25 hours a week of his time to Freight Management, and is planning to continue to do so during the next 12 months of operation. He is not an officer or director of any reporting company that files annual, quarterly, or periodic reports with the United States Securities and Exchange Commission. COMMITTEES OF THE BOARD We do not have an audit or compensation committee at this time. AUDIT COMMITTEE FINANCIAL EXPERT We currenly do not have an audit committee financial expert, or an independent audit committee expert on our Board of Directors. FAMILY RELATIONSHIPS There are no family relationships. INVOLVEMENT IN CERTAIN LEGAL PROCEEDINGS Our directors, executive officers and control persons have not been involved in any of the following events during the past five years: 1. any bankruptcy petition filed by or against any business of which such person was a general partner or executive officer either at the time of the bankruptcy or within two years prior to that time; 2. any conviction in a criminal proceeding or being subject to a pending criminal proceeding (excluding traffic violations and other minor offenses); 20 3. being subject to any order, judgment, or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining, barring, suspending or otherwise limiting his involvement in any type of business, securities or banking activities; or 4. being found by a court of competent jurisdiction (in a civil action), the Commission or the Commodity Futures Trading Commission to have violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended, or vacated. CONFLICT OF INTEREST None of our officers or directors are subject to a conflict of interest. SECTION 16(A) BENEFICIAL OWNERSHIP REPORTING Section 16(a) of the Securities Exchange Act of 1934, as amended, requires our executive officers and directors and persons who own more than 10% of a registered class of our equity securities to file with the Securities and Exchange Commission initial statements of beneficial ownership, reports of changes in ownership and annual reports concerning their ownership of our common stock and other equity securities, on Forms 3, 4 and 5 respectively. Executive officers, directors and greater than 10% shareholders are required by the Securities and Exchange Commission regulations to furnish us with copies of all Section 16(a) reports they file. To the best of our knowledge, our executive officers and directors filed their Form 3 and Form 4 reports on a timely basis. ITEM 11. EXECUTIVE COMPENSATION. The following table sets forth information with respect to compensation paid by us to our officers from our date of incorporation on September 17, 2007 to December 31, 2008. SUMMARY COMPENSATION TABLE
Change in Pension Value & Non-Equity Nonqualified Incentive Deferred All Name and Plan Compen- Other Principal Stock Option Compen- sation Compen- Position Year Salary($) Bonus($) Awards($) Awards($) sation($) Earnings($) sation($) Totals($) - ------------ ---- --------- -------- --------- --------- --------- ----------- --------- --------- Ibrahim Abotaleb 2008 0 0 0 0 0 0 0 0 President & CEO 2007 0 0 0 0 0 0 0 0 Gerald Lewis 2008 0 0 0 0 0 0 0 0 Secretary, Treasurer, CFO 2007 0 0 0 0 0 0 0 0
Since our date of incorporation to the date hereof, our executive officers have not received and are not accruing any compensation. The officers anticipate that they will not receive, accrue, earn, be paid or awarded any compensation during the first year of operations. We have not entered into any employment agreement or consulting agreement with our directors and executive officers. The following table sets forth information with respect to compensation paid by us to our directors from our date of incorporation on September 17, 2007 to December 31, 2008. 21 DIRECTOR COMPENSATION TABLE
Change in Pension Fees Value and Earned Non-Equity Nonqualified All or Incentive Deferred Other Paid in Stock Option Plan Compensation Compen- Name Cash($) Awards($) Awards($) Compensation($) Earnings($) sation($) Total($) ---- ------- --------- --------- --------------- ----------- --------- -------- Ibrahim Abotaleb 0 0 0 0 0 0 0 Gerald Lewis 0 0 0 0 0 0 0
All compensation received by the officers and directors has been disclosed. OPTION/SAR GRANTS There are no stock option, retirement, pension, or profit sharing plans for the benefit of our officers and directors. LONG-TERM INCENTIVE PLAN AWARDS We do not have any long-term incentive plans. DIRECTORS COMPENSATION We have no formal plan for compensating our directors for their services in their capacity as directors. Directors are entitled to reimbursement for reasonable travel and other out-of-pocket expenses incurred in connection with attendance at meetings of our board of directors. The board of directors may award special remuneration to any director undertaking any special services on behalf of our company other than services ordinarily required of a director. Since inception to the date hereof, no director received and/or accrued any compensation for his or her services as a director, including committee participation and/or special assignments. The Executive Officers have not received any compensation since the date of incorporation of our Company, and we did not accrue any compensation. There are no securities authorized for issuance under any equity compensation plan, or any options, warrants, or rights to purchase our common stock. ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT. The following table sets forth certain information, as of February 12, 2009 with respect to any person (including any "group", as that term is used in Section 13(d)(3) of the Securities Exchange Act of 1934, as amended (the "Exchange Act")) who is known to the Company to be the beneficial owner of more than five percent of any class of the Company's voting securities, and as to those shares of the Company's equity securities beneficially owned by each its director, the executive officers of the company and all of its directors and executive officers of the Company and all of its directors and executive officers as a group. Unless otherwise specified in the table below, such information, other than information with respect to the directors and officers of the Company, is based on a review of statements filed, with the Securities and Exchange commission (the "Commission") pursuant to Sections 13 (d), 13 (f), and 13 (g) of the Exchange Act with respect to the Company's Common Stock. As of February 12, 2009, there were 5,060,000 shares of Common Stock outstanding. 22 The number of shares of Common Stock beneficially owned by each person is determined under the rules of the Commission and the information is not necessarily indicative of beneficial ownership for any other purpose. Under such rules, beneficial ownership includes any shares as to which such person has sole or shared voting power or investment power and also any shares which the individual has the right to acquire within 60 days after the date hereof, through the exercise of any stock option, warrant or other right. Unless otherwise indicated, each person has sole investment and voting power (or shares such power with his or her spouse) with respect to the shares set forth in the following table. The inclusion herein of any shares deemed beneficially owned does not constitute an admission of beneficial ownership of those shares. The table also shows the number of shares beneficially owned as of February 12, 2009 by each of the individual directors and executive officers and by all directors and executive officers as a group. Amount and Nature of Percent Title of Name and Address Beneficial of Class of Beneficial Owner Ownership (1) Class (2) ----- ------------------- ------------- --------- Common Ibrahim Abotaleb 2,000,000 39.53% 24 El Gammal St, Cleopatra Hammat Alexandria, 21311, Egypt Common Gerald Lewis 2,000,000 39.53% 104, 10115 - 108 Ave. Edmonton, Alberta, Canada T5H 1A7 Common Directors and officers as 4,000,000 79.06% a group of two (1) - ---------- 1. Represents beneficial ownership 2. Based on the total of 5,060,000 outstanding common shares as of the date hereof Percent of Ownership is calculated in accordance with the Securities and Exchange Commission's Rule 13(d) - 13(d)(1) ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS. Other than the stock transactions disclosed below, we have not entered into any transactions in which any of our directors, executive officers, or affiliates of our Company, including any member of an immediate family, had or is to have a direct or indirect material interest. On September 17, 2007 Mr. Ibrahim Abotaleb and Mr. Gerald Lewis each purchased 2,000,000 shares of our common stock for $0.002 per share, or $4,000.00 each, for an aggregate of $8,000.00. The shares continue to be subject to Rule 144 of the Securities Act of 1933. 23 ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES. AUDIT FEES. The aggregate fees billed by our auditors, for professional services rendered for the audit of our annual financial statements for the year ended December 31, 2008 and 2007, and for the reviews of the financial statements included in our Quarterly Reports on Form 10-Q during that fiscal year were $6,050 and $1,000 respectively. AUDIT RELATED FEES. We incurred nil fees to auditors for audit related fees during the fiscal year ended December 31, 2008 and 2007. TAX FEES. We incurred nil fees to auditors for tax compliance, tax advice or tax compliance services during the fiscal year ended December 31, 2008 and 2007. ALL OTHER FEES. We did not incur any other fees billed by auditors for services rendered to our Company, other than the services covered in "Audit Fees" for the fiscal year ended December 31, 2008 and 2007. The Board of Directors has considered whether the provision of non-audit services is compatible with maintaining the principal accountant's independence. ITEM 15. EXHIBITS. EXHIBIT INDEX 3.1 Articles of Incorporation* 3.2 By-laws* 31.1 Section 302 Certification - Chief Executive Officer 31.2 Section 302 Certification - Chief Financial Officer 32.1 Certification Pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 - Chief Executive Officer. 32.2 Certification Pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 - Chief Financial Officer. - ---------- * Incorporated by reference to our SB2 Registration Statement filed on January 29, 2008, SEC File Number 333-148920. 24 SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, on this 12th day of February 2009. FREIGHT MANAGEMENT CORP. Date: February 12, 2009 By: /s/ Ibrahim Abotaleb ------------------------------------ Name: Ibrahim Abotaleb Title: President, CEO, and Director (Principal Executive Officer) Date: February 12, 2009 By: /s/ Gerald Lewis ------------------------------------ Name: Gerald Lewis Title: Secretary Treasurer and Director (Principal Accounting and Financial Officer) 25 MOORE & ASSOCIATES, CHARTERED ACCOUNTANTS AND ADVISORS PCAOB REGISTERED REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Directors Freight Management Corporation (A Development Stage Company) We have audited the accompanying balance sheets of Freight Management Corporation (A Development Stage Company) as of December 31, 2008, and the related statements of operations, stockholders' equity (deficit) and cash flows for the year ended December 31, 2008 and the period from inception on September 17, 2007 through December 31, 2008. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conduct our audits in accordance with standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Freight Management Corporation (A Development Stage Company) as of December 31, 2008, and the related statements of operations, stockholders' equity and cash flows for the year ended December 31, 2008 and the period from inception on September 17, 2007 through December 31, 2008, in conformity with accounting principles generally accepted in the United States of America. The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 3 to the financial statements, the Company has an accumulated deficit of $58,716, which raises substantial doubt about its ability to continue as a going concern. Management's plans concerning these matters are also described in Note 3. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. /s/ Moore & Associates, Chartered - ------------------------------------------- Moore & Associates, Chartered Las Vegas, Nevada February 11, 2009 6490 West Desert Inn Rd, Las Vegas, NV 89146 (702) 253-7499 Fax (702) 253-7501 F-1 FREIGHT MANAGEMENT CORP. (A Development Stage Company) BALANCE SHEETS
December 31, December 31, 2008 2007 -------- -------- ASSETS Current assets Cash and bank accounts $ 2,905 $ 60,208 Deposit 150 150 -------- -------- Total current assets 3,055 60,358 Website, net of accumulated amortization (Note 7) 2,557 3,889 -------- -------- Total assets $ 5,612 $ 64,247 ======== ======== LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable and accrued liabilities $ 8 $ 4,003 Due to director (Note 5) 3,320 820 -------- -------- Total current liabilities 3,328 4,823 -------- -------- Stockholders' equity (Note 4,5) Authorized: 75,000,000 common shares Par value $0.001 Issued and outstanding: 5,060,000 common shares 5,060 5,060 Additional paid-in capital 55,940 55,940 Deficit accumulated during the development stage (58,716) (1,576) -------- -------- Total stockholders' equity 2,284 59,424 -------- -------- Total liabilities and stockholders' equity $ 5,612 $ 64,247 ======== ========
The accompanying notes are an integral part of these financial statements. F-2 FREIGHT MANAGEMENT CORP. (A Development Stage Company) STATEMENTS OF OPERATIONS
Date of Date of Incorporation on Incorporation on Year Ended September 17, 2007 to September 17, 2007 to December 31, December 31, December 31, 2008 2007 2008 ---------- ---------- ---------- REVENUE $ -- $ -- $ -- ---------- ---------- ---------- OPERATING EXPENSES Amortization 1,332 111 1,443 Database development costs 30,250 -- 30,250 General & administrative 25,558 645 26,203 Organization -- 820 820 ---------- ---------- ---------- Loss before income taxes (57,140) (1,576) (58,716) Provision for income taxes -- -- -- ---------- ---------- ---------- Net loss $ (57,140) $ (1,576) $ (58,716) ========== ========== ========== Basic and diluted loss per Common share $ (0.01) $ -- ========== ========== Weighted average number of common shares outstanding (Note 4) 5,060,000 4,010,095 ========== ==========
The accompanying notes are an integral part of these financial statements. F-3 FREIGHT MANAGEMENT CORP. (A Development Stage Company) STATEMENTS OF STOCKHOLDERS' EQUITY
Deficit Accumulated Common Stock Additional During the Total ------------------ Paid in Development Stockholders' Shares Amount Capital Stage Equity ------ ------ ------- ----- ------ Inception, September 17, 2007 -- $ -- $ -- $ -- $ -- Initial capitalization, sale of common stock to Directors on September 17, 2007 4,000,000 4,000 4,000 8,000 Private placement closed December 31, 2007 1,060,000 1,060 51,940 53,000 Net loss for the period -- -- -- (1,576) (1,576) --------- ------- ------- -------- -------- Balance December 31, 2007 5,060,000 5,060 55,940 (1,576) 59,424 Net loss for the year -- -- -- (57,140) (57,140) --------- ------- ------- -------- -------- Balance December 31, 2008 5,060,000 $ 5,060 $55,940 $(58,716) $ 2,284 ========= ======= ======= ======== ========
The accompanying notes are an integral part of these financial statements. F-4 FREIGHT MANAGEMENT CORP. (A Development Stage Company) STATEMENTS OF CASH FLOWS
Date of Date of Incorporation on Incorporation on Year Ended September 17, 2007 to September 17, 2007 to December 31, December 31, December 31, 2008 2007 2008 -------- -------- -------- OPERATING ACTIVITIES Net loss for the period $(57,140) $ (1,576) $(58,716) Adjustments To Reconcile Net Loss To Net Cash Used In Operating Activities Amortization expense 1,332 111 1,443 Changes in operating assets and liabilities: Deposit -- (150) (150) Accounts payable and accrued liabilities (3,995) 4,003 8 Due to director 2,500 820 3,320 -------- -------- -------- Net cash (used in) provided by operating activities (57,303) 3,208 (54,095) -------- -------- -------- INVESTING ACTIVITIES Website -- (4,000) (4,000) -------- -------- -------- Net cash used in investing activities -- (4,000) (4,000) -------- -------- -------- FINANCING ACTIVITIES Proceeds from issuance of common stock -- 61,000 61,000 -------- -------- -------- Net cash provided by financing activities -- 61,000 61,000 -------- -------- -------- (Decrease) Increase in cash during the period (57,303) 60,208 2,905 Cash, beginning of the period 60,208 -- -- -------- -------- -------- Cash, end of the period $ 2,905 $ 60,208 $ 2,905 ======== ======== ======== Supplemental disclosure with respect to cash flows: Cash paid for income taxes $ -- $ -- $ -- Cash paid for interest $ -- $ -- $ --
The accompanying notes are an integral part of these financial statements. F-5 FREIGHT MANAGEMENT CORP. (A Development Stage Company) NOTES TO FINANCIAL STATEMENTS December 31, 2008 NOTE 1. GENERAL ORGANIZATION AND BUSINESS The Company was originally incorporated under the laws of the state of Nevada on September 17, 2007. The Company has limited operations and in accordance with SFAS #7, is considered a development stage company, and has had no revenues from operations to date. Initial operations have included organization, capital formation, target market identification, new product development and marketing plans. Management is planning to complete development and then market an integrated website for planning and analyzing shipping logistics to prospective clients. See Note 5. NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING PRACTICES The relevant accounting policies and procedures are listed below. The company has adopted a December 31 year end. ACCOUNTING BASIS The basis is generally accepted accounting principles. EARNINGS PER SHARE In February 1997, the FASB issued SFAS No. 128, "Earnings Per Share", which specifies the computation, presentation and disclosure requirements for earnings (loss) per share for entities with publicly held common stock. SFAS No. 128 supersedes the provisions of APB No. 15, and requires the presentation of basic earnings (loss) per share and diluted earnings (loss) per share. The Company has adopted the provisions of SFAS No. 128 effective its inception. The basic earnings (loss) per share is calculated by dividing the Company's net income available to common shareholders by the weighted average number of common shares during the year. The diluted earnings (loss) per share is calculated by dividing the Company's net income (loss) available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted as of the first of the year for any potentially dilutive debt or equity. The Company has not issued any options or warrants or similar securities since inception. F-6 FREIGHT MANAGEMENT CORP. (A Development Stage Company) NOTES TO FINANCIAL STATEMENTS December 31, 2008 NOTE 2. (continued) DIVIDENDS The Company has not yet adopted any policy regarding payment of dividends. No dividends have been paid during the periods shown. CASH AND BANK ACCOUNTS The Company's bank account is not FDIC insured. FOREIGN CURRENCY TRANSLATION The Company has adopted the US dollar as its functional and reporting currency because all of its transactions are denominated in US currency CASH EQUIVALENTS The Company considers all highly liquid investments with maturity of three months or less when purchased to be cash equivalents. INCOME TAXES Income taxes are provided in accordance with Statement of Financial accounting Standards No. 109 (SFAS 109), Accounting for Income Taxes. A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and net operating loss carryforwards. Deferred tax expense (benefit) results from the net change during the year of deferred tax assets and liabilities. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion of all of the deferred tax assets will be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. USE OF ESTIMATES The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of F-7 FREIGHT MANAGEMENT CORP. (A Development Stage Company) NOTES TO FINANCIAL STATEMENTS December 31, 2008 NOTE 2. (continued) the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. WEBSITE COSTS Website costs consist of software development costs, which represent capitalized costs of design, configuration, coding, installation and testing of the Company's website up to its initial implementation. Upon implementation in December 2007, the asset is being amortized to expense over its estimated useful life of three years using the straight-line method. Ongoing website post-implementation costs of operation, including training and application maintenance, will be charged to expense as incurred. See Note 7. NOTE 3. GOING CONCERN The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates, among other things, the realization of assets and satisfaction of liabilities in the normal course of business. The Company has net losses for the period from inception to December 31, 2008 of $58,716. The Company intends to fund operations through sales and equity financing arrangements, which may be insufficient to fund its capital expenditures, working capital and other cash requirements through the next fiscal year ending December 31, 2009. The ability of the Company to emerge from the development stage is dependent upon the Company's successful efforts to raise sufficient capital and then attaining profitable operations. In response to these problems, management has planned the following actions: * The Company has cleared a Registration Statement with the SEC and obtained a trading symbol to trade its common shares on the OTCBB. * Management intends to raise additional funds through public or private placement offerings. * Management is currently completing development of its proposed internet/web based product to generate sales. There can be no assurances, however, that management's expectations of future sales will be realized. F-8 FREIGHT MANAGEMENT CORP. (A Development Stage Company) NOTES TO FINANCIAL STATEMENTS December 31, 2008 NOTE 3. (continued) These factors, among others, raise substantial doubt about the Company's ability to continue as a going concern. These financial statements do not include any adjustments that might result from the outcome of this uncertainty. NOTE 4. STOCKHOLDERS' EQUITY AUTHORIZED The Company is authorized to issue 75,000,000 shares of $0.001 par value common stock. All common stock shares have equal voting rights, are non-assessable and have one vote per share. Voting rights are not cumulative and, therefore, the holders of more than 50% of the common stock could, if they choose to do so, elect all of the directors of the Company. ISSUED AND OUTSTANDING On September 17, 2007 (inception), the Company issued 4,000,000 shares of its common stock to its Directors for cash of $8,000. See Note 5. On December 31, 2007, the Company closed a private placement for 1,060,000 common shares at a price of $0.05 per share, or an aggregate of $53,000. The Company accepted subscriptions from 39 offshore non-affiliated investors. NOTE 5. RELATED PARTY TRANSACTIONS The Company's neither owns nor leases any real or personal property. The Company's Directors provides office space free of charge. The officers and directors of the Company are involved in other business activities and may, in the future, become involved in other business opportunities. If a specific business opportunity becomes available, such persons may face a conflict in selecting between the Company and their other business interests. The Company has not formulated a policy for the resolution of such conflicts. The amount due to a director of $3,320 has no repayment terms, is unsecured without interest and is for reimbursement of company incorporation and general operating expenses. The company plans to pay the amount within the next 12 months, if it has sufficient cash to do so. On September 17, 2007 (inception), the Company issued 4,000,000 shares of its common stock to its Directors for cash of $8,000. See Note 4. F-9 FREIGHT MANAGEMENT CORP. (A Development Stage Company) NOTES TO FINANCIAL STATEMENTS December 31, 2008 NOTE 6. INCOME TAXES Net deferred tax assets are $nil. Realization of deferred tax assets is dependent upon sufficient future taxable income during the period that deductible temporary differences and carry-forwards are expected to be available to reduce taxable income. As the achievement of required future taxable income is uncertain, the Company recorded a 100% valuation allowance. Management believes it is likely that any deferred tax assets will not be realized. As of December 31, 2008, the Company has a net operating loss carry forward of approximately $58,716, of which $1,576 will expire by December 31, 2027 and the balance of $57,140 by December 31, 2028. The Company has not filed its federal tax returns since inception. NOTE 7. WEBSITE Accumulated Net book Cost amortization value ---- ------------ ----- Website costs $4,000 $1,443 $2,557 Website costs are amortized on a straight line basis over 3 years, its estimated useful life. NOTE 8. OPERATING LEASES AND OTHER COMMITMENTS: The Company currently has no operating lease commitments or any other commitments. NOTE 9. RECENT ACCOUNTING PRONOUNCEMENTS In June 2008, the FASB issued FASB Staff Position EITF 03-6-1, Determining Whether Instruments Granted in Share-Based Payment Transactions Are Participating Securities, ("FSP EITF 03-6-1"). FSP EITF 03-6-1 addresses whether instruments granted in share-based payment transactions are participating securities prior to vesting, and therefore need to be included in the computation of earnings per share under the two-class method as described in FASB Statement of Financial Accounting Standards No. 128, "Earnings per Share." FSP EITF 03-6-1 is effective for financial statements issued for fiscal years beginning on or after December 15, 2008 and earlier adoption is prohibited. We are not required to adopt FSP EITF 03-6-1; neither do we believe that FSP EITF 03-6-1 would have material effect on our financial position and results of operations if adopted. F-10 FREIGHT MANAGEMENT CORP. (A Development Stage Company) NOTES TO FINANCIAL STATEMENTS December 31, 2008 NOTE 9. (continued) In May 2008, the Financial Accounting Standards Board ("FASB") issued SFAS No. 163, "Accounting for Financial Guarantee Insurance Contracts-and interpretation of FASB Statement No. 60". SFAS No. 163 clarifies how Statement 60 applies to financial guarantee insurance contracts, including the recognition and measurement of premium revenue and claims liabilities. This statement also requires expanded disclosures about financial guarantee insurance contracts. SFAS No. 163 is effective for fiscal years beginning on or after December 15, 2008, and interim periods within those years. SFAS No. 163 currently has no effect on the Company's financial position, statements of operations, or cash flows. In May 2008, the Financial Accounting Standards Board ("FASB") issued SFAS No. 162, "The Hierarchy of Generally Accepted Accounting Principles". SFAS No. 162 sets forth the level of authority to a given accounting pronouncement or document by category. Where there might be conflicting guidance between two categories, the more authoritative category will prevail. SFAS No. 162 will become effective 60 days after the SEC approves the PCAOB's amendments to AU Section 411 of the AICPA Professional Standards. SFAS No. 162 currently has no effect on the Company's financial position, statements of operations, or cash flows. In March 2008, the Financial Accounting Standards Board, or FASB, issued SFAS No. 161, Disclosures about Derivative Instruments and Hedging Activities--an amendment of FASB Statement No. 133. This standard requires companies to provide enhanced disclosures about (a) how and why an entity uses derivative instruments, (b) how derivative instruments and related hedged items are accounted for under Statement 133 and its related interpretations, and (c) how derivative instruments and related hedged items affect an entity's financial position, financial performance, and cash flows. This Statement is effective for financial statements issued for fiscal years and interim periods beginning after November 15, 2008, with early application encouraged. SFAS No. 161, currently has no effect on the Company's financial position, statements of operations, or cash flows. In December 2007, the SEC issued Staff Accounting Bulletin (SAB) No. 110 regarding the use of a "simplified" method, as discussed in SAB No. 107 (SAB 107), in developing an estimate of expected term of "plain vanilla" share options in accordance with SFAS No. 123 (R), Share-Based Payment. In particular, F-11 FREIGHT MANAGEMENT CORP. (A Development Stage Company) NOTES TO FINANCIAL STATEMENTS December 31, 2008 NOTE 9. (continued) the staff indicated in SAB 107 that it will accept a company's election to use the simplified method, regardless of whether the company has sufficient information to make more refined estimates of expected term. At the time SAB 107 was issued, the Staff believed that more detailed external information about employee exercise behavior (e.g., employee exercise patterns by industry and/or other categories of companies) would, over time, become readily available to companies. Therefore, the staff stated in SAB 107 that it would not expect a company to use the simplified method for share option grants after December 31, 2007. The Staff understands that such detailed information about employee exercise behavior may not be widely available by December 31, 2007. Accordingly, the Staff will continue to accept, under certain circumstances, the use of the simplified method beyond December 31, 2007. This does not currently have an impact on the Company's financial position, results of operations or cash flows. In December 2007, the FASB issued SFAS No. 160, Noncontrolling Interests in Consolidated Financial Statements--an amendment of ARB No. 51. This statement amends ARB 51 to establish accounting and reporting standards for the noncontrolling interest in a subsidiary and for the deconsolidation of a subsidiary. It clarifies that a noncontrolling interest in a subsidiary is an ownership interest in the consolidated entity that should be reported as equity in the consolidated financial statements. Before this statement was issued, limited guidance existed for reporting noncontrolling interests. As a result, considerable diversity in practice existed. So-called minority interests were reported in the consolidated statement of financial position as liabilities or in the mezzanine section between liabilities and equity. This statement improves comparability by eliminating that diversity. This statement is effective for fiscal years, and interim periods within those fiscal years, beginning on or after December 15, 2008. SFAS No. 160 currently has no effect on the Company's financial position, statements of operations, or cash flows. In December 2007, the FASB, issued FAS No. 141 (revised 2007), Business Combinations'. This Statement replaces FASB Statement No. 141, Business Combinations, but retains the fundamental requirements in Statement 141. This Statement establishes principles and requirements for how the acquirer: (a) recognizes and measures in its financial statements the identifiable assets acquired, the liabilities assumed, and any noncontrolling interest in the acquiree; (b) recognizes and measures the goodwill acquired in the business combination or a gain from a bargain purchase; and (c) determines what information to disclose to enable users of the financial statements to evaluate the nature and financial effects of the business combination. This statement F-12 FREIGHT MANAGEMENT CORP. (A Development Stage Company) NOTES TO FINANCIAL STATEMENTS December 31, 2008 NOTE 9. (continued) applies prospectively to business combinations for which the acquisition date is on or after the beginning of the first annual reporting period beginning on or after December 15, 2008. An entity may not apply it before that date. The effective date of this statement is the same as that of the related FASB Statement No. 160, Noncontrolling Interests in Consolidated Financial Statements. SFAS No. 141 currently has no effect on the Company's financial position, statements of operations, or cash flows. F-13
                                                                    EXHIBIT 31.1

                  CERTIFICATION PURSUANT TO 18 U.S.C. SS. 1350,
      AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Ibrahim Abotaleb certify that:

1.   I have  reviewed  this  annual  report on Form 10 K of  Freight  Management
     Corp.;

2.   Based on my knowledge, this report does not contain any untrue statement of
     a material  fact or omit to state a  material  fact  necessary  to make the
     statements made, in light of the circumstances  under which such statements
     were made,  not  misleading  with  respect  to the  period  covered by this
     report;

3.   Based on my  knowledge,  the  financial  statements,  and  other  financial
     information  included  in  this  report,  fairly  present  in all  material
     respects the financial  condition,  results of operations and cash flows of
     the small  business  issuer as of, and for,  the periods  presented in this
     report;

4.   I am responsible for establishing and maintaining  disclosure  controls and
     procedures  (as defined in Exchange Act Rules  13a-15(e) and 15d-15(e)) for
     the small business issuer and have:

     (a)  Designed  such  disclosure  controls  and  procedures,  or caused such
          disclosure   controls  and   procedures  to  be  designed   under  our
          supervision, to ensure that material information relating to the small
          business  issuer,  including its  consolidated  subsidiaries,  is made
          known to us by others within those entities,  particularly  during the
          period in which this report is being prepared;
     (b)  Evaluated the effectiveness of the small business issuer's  disclosure
          controls and procedures  and presented in this report our  conclusions
          about the effectiveness of the disclosure controls and procedures,  as
          of the  end of the  period  covered  by  this  report  based  on  such
          evaluation; and
     (c)  Disclosed  in this  report any change in the small  business  issuer's
          internal  control over financial  reporting  that occurred  during the
          small business issuer's most recent fiscal quarter (the small business
          issuer's  fourth fiscal  quarter in the case of an annual report) that
          has materially affected, or is reasonably likely to materially affect,
          the small business issuer's internal control over financial reporting;
          and

5.   I have disclosed,  based on our most recent  evaluation of internal control
     over financial  reporting,  to the small business issuer's auditors and the
     small  business  issuer's  board of directors  (or persons  performing  the
     equivalent functions):

     (a)  All significant  deficiencies and material weaknesses in the design or
          operation  of internal  control  over  financial  reporting  which are
          reasonably  likely to  adversely  affect the small  business  issuer's
          ability   to  record,   process,   summarize   and  report   financial
          information; and
     (b)  Any fraud, whether or not material,  that involves management or other
          employees who have a significant  role in the small business  issuer's
          internal control over financial reporting.

Date:  February 12, 2009


By: /s/ Ibrahim Abotaleb
   ----------------------------------
   Ibrahim Abotaleb
   President, CEO and Director
   (Principal Executive Officer)
                                                                    EXHIBIT 31.2

                  CERTIFICATION PURSUANT TO 18 U.S.C. SS. 1350,
      AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Gerald Lewis certify that:

1.   I have  reviewed  this  annual  report on Form 10 K of  Freight  Management
     Corp.;

2.   Based on my knowledge, this report does not contain any untrue statement of
     a material  fact or omit to state a  material  fact  necessary  to make the
     statements made, in light of the circumstances  under which such statements
     were made,  not  misleading  with  respect  to the  period  covered by this
     report;

3.   Based on my  knowledge,  the  financial  statements,  and  other  financial
     information  included  in  this  report,  fairly  present  in all  material
     respects the financial  condition,  results of operations and cash flows of
     the small  business  issuer as of, and for,  the periods  presented in this
     report;

4.   I am responsible for establishing and maintaining  disclosure  controls and
     procedures  (as defined in Exchange Act Rules  13a-15(e) and 15d-15(e)) for
     the small business issuer and have:

     (a)  Designed  such  disclosure  controls  and  procedures,  or caused such
          disclosure   controls  and   procedures  to  be  designed   under  our
          supervision, to ensure that material information relating to the small
          business  issuer,  including its  consolidated  subsidiaries,  is made
          known to us by others within those entities,  particularly  during the
          period in which this report is being prepared;
     (b)  Evaluated the effectiveness of the small business issuer's  disclosure
          controls and procedures  and presented in this report our  conclusions
          about the effectiveness of the disclosure controls and procedures,  as
          of the  end of the  period  covered  by  this  report  based  on  such
          evaluation; and
     (c)  Disclosed  in this  report any change in the small  business  issuer's
          internal  control over financial  reporting  that occurred  during the
          small business issuer's most recent fiscal quarter (the small business
          issuer's  fourth fiscal  quarter in the case of an annual report) that
          has materially affected, or is reasonably likely to materially affect,
          the small business issuer's internal control over financial reporting;
          and

5.   I have disclosed,  based on our most recent  evaluation of internal control
     over financial  reporting,  to the small business issuer's auditors and the
     small  business  issuer's  board of directors  (or persons  performing  the
     equivalent functions):

     (a)  All significant  deficiencies and material weaknesses in the design or
          operation  of internal  control  over  financial  reporting  which are
          reasonably  likely to  adversely  affect the small  business  issuer's
          ability   to  record,   process,   summarize   and  report   financial
          information; and
     (b)  Any fraud, whether or not material,  that involves management or other
          employees who have a significant  role in the small business  issuer's
          internal control over financial reporting.

Date: February 12, 2009


By: /s/ Gerald Lewis
   --------------------------------------------
   Gerald Lewis
   Secretary Treasurer and Director
   (Principal Accounting and Financial Officer)
                                                                    EXHIBIT 32.1

                            CERTIFICATION PURSUANT TO
                                 18 U.S.C. 1350,
                             AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Annual Report of FREIGHT MANAGEMENT CORP. (the "Company")
on Form  10-K  for the  period  ended  December  31,  2008,  as  filed  with the
Securities and Exchange Commission on the date hereof (the "Report"), I, Ibrahim
Abotaleb, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C.
1350,  as adopted  pursuant  to Section 906 of the  Sarbanes-Oxley  Act of 2002,
that:

The Report fully complies with the requirements of Section 13(a) or 15(d) of the
Securities Exchange Act of 1934; and

The  information  contained  in the  Report  fairly  presents,  in all  material
respects, the financial condition and results of operations of the Company.


                                       /s/ Ibrahim Abotaleb
                                       ---------------------------------------
Date: February 12, 2009                Ibrahim Abotaleb
                                       President, CEO and Director
                                       (Principal Executive Officer)
                                                                    EXHIBIT 32.2

                            CERTIFICATION PURSUANT TO
                                 18 U.S.C. 1350,
                             AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Annual Report of FREIGHT MANAGEMENT CORP. (the "Company")
on Form  10-K  for the  period  ended  December  31,  2008,  as  filed  with the
Securities and Exchange Commission on the date hereof (the "Report"),  I, Gerald
Lewis,  Chief Financial Officer of the Company,  certify,  pursuant to 18 U.S.C.
1350,  as adopted  pursuant  to Section 906 of the  Sarbanes-Oxley  Act of 2002,
that:

The Report fully complies with the requirements of Section 13(a) or 15(d) of the
Securities Exchange Act of 1934; and

The  information  contained  in the  Report  fairly  presents,  in all  material
respects, the financial condition and results of operations of the Company.


                                    /s/ Gerald Lewis
                                    --------------------------------------------
Date: February 12, 2009             Gerald Lewis
                                    Secretary Treasurer and Director
                                    (Principal Financial and Accounting Officer)