Overland Park, KS: May 5th, 2011- MyFreightWorld Inc. (PINK SHEETS:MYFT) today announced that it has closed on an agreement with Anaheim, California-based Freight Management Inc. (FMI) (http://www.freightmgmt.com/cms/), a worldwide provider of freight services,which will result in MYFT's managed revenues increasing to $268 million. The agreement involves the transfer of MYFT’s retail contract management business to a subsidiary operation that will be managed by FMI.