Andrew Leto

EFS keynote: Revamped Roadrunner worth $10M personal investment, Leto says

Even for a successful dice-roller like Andrew Leto, founder of freight brokers GlobalTranz and Emerge, it took guts to contribute $10 million of his personal capital to a $50 million private placement for downtrodden transport firm Roadrunner (NASDAQ:RRTS). 

Once a darling of growth-minded investors, Roadrunner spent the latter half of the past decade disgorging most of the 34 companies it had acquired during the prior 10 years. The chickens of Roadrunner’s failed growth strategy came home to...

https://s29755.pcdn.co/news/beep-beep-revamped-roadrunner-worth-10m-personal-investment-leto-says

Roadrunner $50M equity raise led by GlobalTranz, Emerge founder Leto

Roadrunner will use proceeds from equity raise to improve technology

Roadrunner (OTC: RRTS) announced Thursday it recently closed an equity private placement for $50 million. The round was led by a $10 million investment from Andrew Leto, who founded third-party transportation providers GlobalTranz and Emerge.

The proceeds are expected to be used for technology investments centered on “planning, pricing and efficiency.” The company will also use the funds to bolster its leadership roster and improve service.

“Roadrunner is really a technology moving trucks, not a...

https://s29755.pcdn.co/news/roadrunner-50m-equity-raise-led-by-globaltranz-emerge-founder-leto

Emerge’s Leto, marketing expert Pulizzi to keynote Sales & Marketing Summit

FreightWaves Sales & Marketing virtual summit

In a work world that quickly became remote in 2020, organizations faced pressure on a number of fronts – technology, communications and a rapid digitization of the supply chain to name just a few. For sales and marketing professionals used to face-to-face conversations, the challenges were especially acute.

As 2020 turned into 2021, many of the concerns that these professionals faced last year haven’t gone away entirely, and that is leading to a new way to do business. Customer acquisition,...

https://s29755.pcdn.co/news/emerges-leto-marketing-expert-pulizzi-to-keynote-sales-marketing-summit

Emerge’s volumes inch closer to levels originally projected

Digital freight marketplace Emerge is seeing volumes inch closer to levels originally projected for 2020. Despite the economic ups and downs that truckload freight has experienced throughout the COVID-19 pandemic, the freight-tech start-up is on track to match this year’s expected budget of $100 million, according to Emerge Co-Founder, Andrew Leto.

Leto and FreightWaves Director of Freight Intelligence Zach Strickland discussed how Emerge’s marketplace enables shippers to find trucks more...

https://s29755.pcdn.co/news/emerges-volumes-inch-closer-to-levels-originally-projected

How to leverage freight-tech as capacity tightens (with video)

Zach Strickland, director of freight market intelligence at FreightWaves, asked Emerge co-founder Andrew Leto the dominant question in most industry executives’ minds: is the market tightening and who holds the pricing power right now – shippers or carriers? 

Emerge, based in Scottsdale, Arizona, is a digital freight marketplace where shippers and carriers can access direct capacity. Over 500 shippers are active in this marketplace, ranging from retailers to manufacturers. While Leto said the...

https://www.freightwaves.com/news/how-to-leverage-freight-tech-as-capacity-tightens-with-video

Emerge founder ‘optimistic’ for freight recovery

The COVID-19 pandemic completely flipped the script on what was looking to be a solid year for freight markets. The economic standstill has suffocated many truckload sectors, but Emerge founder Andrew Leto believes that the worst may soon be behind us if the nation gets the go-ahead to jump back into rush-hour traffic.

On this episode of Freight.Tech Update presented by Emerge, FreightWaves market expert and analyst Zach Strickland discusses with Leto the benefits of opening the economy sooner...

https://www.freightwaves.com/news/emerge-founder-optimistic-for-freight-recovery

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