freight marketplace

Cash burn saddles digital market Freightos as shipping market sinks

Annual losses at newly listed international freight booking and payment platform Freightos increased again in 2022 as the decade-old enterprise tries to monetize its matchmaking technology for streamlining air and ocean transactions.

The company also lowered its 2023 projected revenue growth rate to 15% to 21% (about $22.5 million) from 87% last summer in the face of significant deterioration in air and ocean volumes and rates, which will translate to fewer bookings by logistics providers.

Freight...

https://www.freightwaves.com/news/cash-burn-saddles-booking-platform-freightos-as-shipping-market-descends

Leveraging technology to build reliability and same-day delivery at scale

Changes in consumer demand paired with global supply chain disruptions present a unique challenge for businesses. Consumers expect increasingly faster delivery and companies of all sizes must compete for their attention.

Businesses often struggle to create ultra-reliable final-mile solutions without stringing together regional partners or managing a fleet of their own — both costly in time and overhead.

Amazon’s recent growth of its same-day delivery services and Walmart’s expansion of its online...

https://www.freightwaves.com/news/leveraging-technology-to-build-reliability-and-same-day-delivery-at-scale

Bridgestone to launch last-mile marketplace with AWS

Bridgestone facility

One of the transportation industry’s longest-running powerhouses is going digital.

Bridgestone Corp. (OCTUS: BRDCY), known as the world’s largest producer of tires, has announced it will be using Amazon Web Services to build a marketplace for last-mile services and fleet solutions.

The company said it will be working with AWS’ ProServe and AWS Marketplace teams, using machine learning, business intelligence services and Internet of Things technology to create a one-stop shop for fleet managers in...

https://www.freightwaves.com/news/bridgestone-to-launch-last-mile-marketplace-with-aws

EXO Freight raises $15M to meet growing open deck demand

Royal Oak, Michigan-based EXO Freight announced Thursday it raised $15 million in a series A fundraising round led by Left Lane Capital with participation from Detroit Venture Partners to continue building onto its digital freight marketplace tailored to the open deck trucking market.

The company has raised a total of $16.5 million since 2021 with previous investors including 1984 Ventures, 12BF Global Investments, Lancaster Investments and Y Combinator.

Related: Startup EXO Freight tackles lack...

https://www.freightwaves.com/news/exo-freight-raises-15m-to-meet-growing-open-deck-demand

Onward Delivery raises $4.7M to bring efficiencies to box truck market

Freight marketplace Onward Delivery announced earlier this month that it has closed on an oversubscribed $4.7 million seed round led by Range Ventures and Matchstick Ventures as the company works to automate final-mile delivery for bulky retail items by leveraging its box truck network. 

Springtime Ventures also participated in the round, as did a number of industry angel investors, including Andrew Leto, founder and CEO of Emerge; Jett McCandless, founder and CEO of project44; Sean Henry,...

https://www.freightwaves.com/news/onward-delivery-raises-4-7m-to-bring-efficiencies-to-box-truck-market

J.B. Hunt 360 integrates with KeepTruckin freight marketplace

J.B. Hunt Transportation Services Inc. (NASDAQ:JBHT), an asset-based supply chain leader, on Thursday announced a freight marketplace integration with KeepTruckin, a fleet management solution. Freight available within J.B. Hunt 360, the company’s technology solution, will be accessible within KeepTruckin’s Smart Load Board, generating new capacity for J.B. Hunt customers.

“The KeepTruckin Smart Load Board is the first and only ELD-based freight marketplace that automatically matches loads based...

https://www.freightwaves.com/news/j-b-hunt-360-integrates-with-keeptruckin-freight-marketplace

KeepTruckin introduces Smart Load Board to match carriers to right loads fast

KeepTruckin introduces Smart Load Board to match carriers to right loads fast (Photo: Jim Allen/FreightWaves)

In a major integration, fleet management company KeepTruckin has announced its partnership with six of the largest brokers in the U.S., consisting of both premier digital brokers like Uber Freight and Convoy, along with incumbent legacy brokers like Edge Logistics and EPES Logistics. 

KeepTruckin has also introduced its Smart Load Board — an intelligent freight-matching solution designed to help carriers have more visibility into loads on the platform and choosing the right ones fast. 

“All...

https://s29755.pcdn.co/news/keeptruckin-introduces-smart-load-board-to-match-carriers-to-right-loads-fast