Nathan Myer stands in front of a company banner. (Bulky) The world’s largest chemical shipper and one of the largest bulk carriers in North America are investing $1 million in what they say is the first digital freight-matching network for shipping liquid bulk commodities by truck. BASF Corp. and Trimac Transportation, in a joint announcement, […]
Electronic log provider KeepTruckin announced April 23 it has received $149 million in Series D investment funding, with the company valued at $1 billion. The latest round of funding brings KeepTruckin’s total investment capital to $228 million. The company says it will use the new round of cash to fund new hires, invest in hardware,
KeepTruckin Inc., whose technology helps carriers manage fleets and track driver behavior, said it has raised $149 million to build out an online freight-matching platform and other new products in an increasingly active market for digital freight services. The Series D funding round gave the six-year-old San Francisco-based startup a valuation of $1.2 billion, up
Trent Broberg. ( Photo: Truckstop.com ) At the Transportation Intermediaries Association conference last week, freight marketplace Truckstop.com announced that it was promoting general manager and vice president of customer success Trent Broberg to chief operating officer (COO). Broberg spoke to FreightWaves about his new role and the direction Truckstop.com was moving in the future, especially
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
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,