PitchBook and FreightWaves have crunched the numbers and confirmed what most of us already know – the FreightTech sector, defined loosely as software companies that aid in the movement of freight, is on a tear. FreightTech growth has an analog in the broader transportation services category, with four of the five largest venture capital deals […]
2019
Image: Truckstop.com Commentary A recent article inLandline Magazine, authored by John Bendel suggested that ICONIQ might have plans to merge Truckstop.com with Convoy or Uber Freight, on the back of their recent majority investment. This is not the first time I heard speculation that someone in the freight brokerage business might merge with one of
A pairing between Trucker Tools, a Reston, Va.-based provider of trip planning, shipment visibility and freight matching solutions, and transportation management system (TMS) provider Ascend TMS was announced by the companies this week. Through this partnership, Ascend said it is integrating Trucker Tools’ Smart Capacity platform in order to enable brokers, 3PLs, and shippers with
( Photo: Shutterstock ) FreightWaves is covering the Transportation Intermediaries Association’s 2019 Capital Ideas conference in Orlando, Florida. On the afternoon of April 11, Drew McElroy, chief executive officer of New York City-based digital freight brokerage Transfix, sat down for an interview. Transfix’s business is going well. McElroy said the company is posting positive gross
Trucker Tools added new features in its Smart Capacity platform and Mobile Driver App that it says will improve predictive freight-matching, capacity visibility and load tracking capabilities. The Trucker Tools Mobile Driver App, launched in 2013, has surpassed 600,000 downloads. The number of small fleet operators with 10 trucks or less using the app has
By LM Staff A pairing between Trucker Tools, a Reston, Va.-based provider of trip planning, shipment visibility and freight matching solutions, and transportation management system (TMS) provider Ascend TMS was announced by the companies this week. Through this partnership, Ascend said it is integrating Trucker Tools’ Smart Capacity platform in order to enable brokers, 3PLs,
Photo: Shutterstock Berlin-based logistics start-up sennder has raised an undisclosed amount in its Series B financing, which saw the participation of U.S. venture capital firm Accel and previous investors Holtzbrinck, Project A and Swedish auto major Scania. sennder is one of the largest digital freight marketplaces in Europe, connecting large-scale shippers with carriers. In many
Truckstop.com, a leading freight marketplace and online load board, has received a majority investment from ICONIQ Capital. As part of the transaction, ICONIQ Capital has become Truckstop.com’s majority shareholder. Truckstop.com founder Scott Moscrip and the existing management team will maintain a significant ownership in the company. Founded in 1995, Truckstop.com built the internet’s first digital
McLeod Software announced a new TopMatch technology that combines multiple carrier search criteria into one comprehensive search to find the best match for every load. The technology is an important element of the company’s Digital Freight Matching strategy for brokers. A common practice to cover loads is to look at specific characteristics, such as carriers
Photo: McLeod Software Birmingham, Alabama-based McLeod Software has launched its new TopMatch technology, aimed at digitally pairing brokers and logistics providers with the best carriers to haul their freight. Customers who utilize McLeod’s TopMatch software will compete against freight-matching upstarts such as Uber Freight and Convoy, two companies that continue to grab market share from