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Flexport's software integrates and connects ERP data from various companies involved in a supply chain, which allows them to manage information about cargo and streamline freight processing. [5] As of 2017, it had raised $304M, including $110M in a Series C round .
The freight technology sector, also known as FreightTech, refers to software companies and technologies which assist in supply chain management and the movement of freight. [1] In the five years following 2014, investment in FreightTech companies grew from $118 million to $3 billion per year.
DAT Freight & Analytics, formerly known as Dial-a-Truck, is a US-based freight exchange service ("load board") and provider of transportation information serving North America. Freight exchange services are used to match material ("loads") that needs to be shipped with over-the-road carriers, which can be hired to move those loads.
By January, 2015, Descartes had posted 41 straight profitable quarters [17] and was supplying logistics software and services to more than 10,000 logistics-centric businesses, such as ground transportation companies, airlines, ocean carriers, freight forwarders, manufacturers, distributors, and retailers.
UPS' forwarding and logistics business provides services in more than 175 countries and territories worldwide and includes worldwide supply chain design, execution and management, freight forwarding and distribution, customs brokerage, mail and consulting services. Other business units within this segment include The UPS Store and UPS Capital. [81]
Matt Tillman, a serial tech entrepreneur, had the idea for a freight and logistics platform in 2014, when he tried to book space on a container vessel to ship a truck. He created a reverse auction over email , treating all freight forwarders the same, and realized that the process could be automated.
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