Since launching in 2017, less-than-truckload booking platform MyCarrier has focused on automating the inefficiencies of the industry to benefit both its elite carriers and shippers.
On Tuesday, the company announced its next operational win — dynamic, on-demand insurance in partnership with insurtech provider Loadsure.
“We wanted to find a best-in-class provider that can supply that service and risk mitigation for our shippers. Even for our small to mid-market shipper, a single loss can be...
One of the freight industry’s most unique startups just got a major cash injection.
Less-than-truckload booking platform MyCarrier on Tuesday announced that it had raised $22 million in a Series B funding round led by NewRoad Capital Partners.
The Scottsdale, Arizona-based company plans to use the money to expand its services beyond LTL and full-truckload shipments, targeting the multimodal space.
“From the beginning, our vision and approach were based on strong partnering, working hand in hand...
https://www.freightwaves.com/news/freight-shipping-platform-mycarrier-raises-22m-in-series-b
La plataforma de reservas de cargas menores a camiones MyCarrier, con sede en Scottsdale, Arizona, está aumentando los ingresos y los recuentos de envíos rápidamente después de un importante punto de inflexión en el plan de negocios de la firma.
Fundada en 2017 por los veteranos de GlobalTranz Michael Bookout y Chris Scheid, MyCarrier recaudó una serie A de 8 millones de dólares en marzo de 2021. La visión de la plataforma era conectar a los cargadores pequeños y medianos con los...
The shutdown earlier this month of regional LTL carrier Central Freight Lines Inc. (CFL) is a reminder that even in the midst of perhaps the strongest financial and operating cycle in the industry’s history, the complex model can still humble the best of carriers and ruin the worst.
The loss of Waco, Texas-based CFL is unlikely to tighten LTL capacity any more than it currently is. CFL controlled just 0.6% share of the $42 billion-dollar-a-year industry, according to ShipMatrix, a consultancy....
https://www.freightwaves.com/news/central-freight-lines-cautionary-tale
Less-than-truckload shipping management platform MyCarrier announced Tuesday the efficiencies its electronic bill of lading (eBOL) capabilities have brought to the industry.
The Scottsdale, Arizona-based technology company said its offering is the first multi-carrier eBOL solution and has proved to “ease freight strains and drive unprecedented operational improvements, while reducing carbon emissions and paper waste.”
The company has processed more than 700,000 shipments with eBOLs through the...
https://www.freightwaves.com/news/mycarriers-ebol-solution-touted-for-reducing-waste-in-ltl-industry
For small to medium-size shippers, finding competitive less-than-truckload pricing tends to be more difficult than it is for their larger counterparts.
Without dedicated volume, it can be impossible to establish direct tariffs, or rate bases, directly with LTL providers. Unable to reach out directly, these shippers reach out to multiple freight brokers and resellers in hopes of obtaining best pricing through bidding wars, executed with very little technology integration, on-time performance or...
This fireside chat recap is from FreightWaves’ North American Logistics Tech Summit on Wednesday.
FIRESIDE CHAT TOPIC: The importance of access to technology and transportation management systems for shippers of all sizes
DETAILS: A discussion on small and midsized shippers making the move to a cloud-based TMS
INTERVIEWER AND SPEAKER: Andrew Cox, senior retail analyst at FreightWaves, and Chris Scheid, co-founder, president and COO at MyCarrier, a software-as-a-service provider with a...
Carrier-distributed platform analyzes SMB shipper behavior
MyCarrier, a software company with a less-than-truckload transportation management system for small and midsize shippers, announced Tuesday morning that it had raised an $8 million Series A venture capital round led by Greycroft and Lerer Hippeau.
MyCarrier was founded in 2017 by Michael Bookout and Chris Scheid, both transportation industry veterans who worked together at GlobalTranz. The company launched its minimum viable product in...
https://s29755.pcdn.co/news/ltl-platform-mycarrier-raises-8-million-series-a
