Loadsmart

Carrier platform accelerates path to digitization

Carrier platforms took off this year, as technologists took advantage of opportunities to help small to midsize trucking companies accelerate their path to digitization. 

Among this group of startups is CloudTrucks, a virtual back-office platform that in December closed a Series A funding round of $20.5 million. Smart Hop, a digital platform helping small trucking companies grow their businesses, closed a $4.5 million seed round earlier this year. 

Another new entrant, digital trucking platform Lo...

https://www.freightwaves.com/news/carrier-platform-accelerates-path-to-digitization

SmartHop snags another logistics partner

SmartHop, an early-stage startup offering a dispatch solution for small carriers, on Tuesday announced its partnership with Redwood Logistics, a third-party logistics company.

The companies will integrate Redwood’s API with SmartHop’s solution to streamline and increase opportunities for drivers and shippers.

“Nearly 90% of the trucking industry is powered by small carriers, yet the support available to these drivers is limited,” said Guillermo Garcia, CEO and co-founder of SmartHop, in a...

https://s29755.pcdn.co/news/smarthop-snags-another-brokerage-partner

Loadsmart, SmartHop partner to make digital freight networks more inclusive

A partnership between SmartHop, an early-stage startup offering a dispatch solution for small carriers, and Loadsmart, a more established digital freight brokerage and technology company, aims to offer more opportunities for drivers as well as shippers in a tight freight market.

The news, announced on Tuesday, marks a milestone for SmartHop, which was founded in 2017 and this summer raised a $4.5 million seed funding round.

New York City-based Loadsmart closed a $90 million Series C round in...

https://s29755.pcdn.co/news/loadsmart-partners-with-smarthop

Analysis: What Greenbriar and BlackRock’s digital freight brokerage deals mean

Goodbye 2020, hello 2018?

Recent forays by Greenbriar and BlackRock into cash-burning digital freight brokerages reveal a shifting landscape for capital across asset classes that holds profound implications for venture capital-backed freight tech startups.

An enormous mountain of dry powder needs to be put to work by private equity investors who are increasingly turning to venture capital-style investments in startups. That capital will fuel growth at the next round of digital freight brokerages...

https://s29755.pcdn.co/news/analysis-what-greenbriar-and-blackrocks-digital-freight-brokerage-deals-mean

The Daily Dash: Spot rates may be on the climb again

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, spot rates could be heading higher yet again as truckload tenders and tender rejections both rose this week. Plus, truckload carriers wonder if we are in peak season or a new normal; and a Texas group tackles tort reform.

Finding a higher spot?

Dallas and Los Angeles continue to drive the nation’s spot market, and carriers remain in charge when it comes to rates.

Andrew Cox has details on how this...

https://www.freightwaves.com/news/trucking-freight-rates-could-be-on-the-rise-again

The Daily Dash: Strong freight demand to continue flowing into 2021

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, J.B. Hunt is not expecting a slowdown in freight through at least the first quarter of 2021. Plus, Nikola Corp. and General Motors continue talking about a battery agreement, but a deal remains out of reach for now. And some roads are just made for truckers.

No slowdown ahead

In a presentation at Baird’s 2020 Global Industrial Conference on Tuesday, executives from J.B. Hunt Transport Services (NASDAQ...

https://www.freightwaves.com/news/the-daily-dash-strong-freight-demand-to-continue-flowing-into-2021

Loadsmart picks up rail, less than truckload

Loadsmart has added less-than-truckload (LTL) and rail services as the digital freight brokerage continues to expand its multimodal offerings.

The expansion, announced Tuesday, allows customers to book shipments across all major transportation modes, building on existing capabilities for truckload, port drayage and transload.   

“Loadsmart is now a one-stop-shop logistics solution for domestic freight,” said Felipe Capella, Loadsmart co-founder and president, in a statement. “We want shippers to...

https://s29755.pcdn.co/news/loadsmart-picks-up-rail-less-than-truckload

Commentary: How COVID took logistics tech from 2020 to 2050

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.

As recently as February, many companies considered work-from-home arrangements for their employees unrealistic and unlikely to happen. They recognized that they lacked the necessary IT infrastructure and other systems but had little reason to pursue making remote work possible. When our society shut down earlier this year, not only were a lot of companies faced...

https://www.freightwaves.com/news/commentary-how-covid-took-logistics-tech-from-2020-to-2050

Loadsmart and Maersk invest on major US port

Loadsmart’s press release:

Loadsmart, a digital freight technology company, announced they have raised $19 million to embark on a major initiative to improve the flow of freight through American ports. Ports America, the largest terminal operator and stevedore in the U.S., joins the world’s largest container ship and supply vessel operator’s investment arm Maersk Growth as an investor. This latest round follows Loadsmart’s series A round in late 2018, bringing total funding to date to $53.3...

https://container-news.com/loadsmart-maersk-invest-us-port/

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