The 10 Most Disruptive & Innovative Freight-Tech Companies
Technology is transforming every industry. In the Logistics industry, technology is in its initial disruption stages, albeit growing exponentially. Below we’ll show you what we consider to be the top technology companies in the industry today. The list includes software companies, logistics companies leveraging better technology, marketplaces connecting different end-points through technology, and other groundbreaking companies:
Born in 2012 in Oslo, this Startup promotes transparent ocean freight pricing through its crowdsourced price comparison service that offers benchmarking and market intelligence. The company has the world’s most extensive database for ocean freight rates and is relied upon by multiple companies like Nestle, Continental, Lenovo, Unilever and more.
With $20.5M in funding, it has become a key player in the ocean freight pricing market, with over two million contracted freight rates and more than one hundred sixty thousand global routes.
Inspired by the massive success of Salesforce, Lanetix, a San Francisco-based platform, delivers Customer Relationship Management (CRM) and workflow management software for the transportation and logistics industry. From forecasting TEUs to accelerating tender processes, the platform provides a medium for traditional freight forwarders to digitize their services.
Lanetix has raised $9.2 Million and has essential clients such as DHL and Carter Logistics proving their importance in the industry.
Turvo is a real-time platform which purpose is to connects anyone from anywhere to move things. Turvo creates a smarter way for shippers, brokers, and carriers to seamlessly work together to get things done faster.
Turvo allows shippers, brokers, and carriers alike to work together in real time using a modern and sleek software. Its platform enables tracking, billing, and payments.
With an impressive $91.6 Million dollar fund, Turvo is making the globe smaller for small and medium brokers that are looking to connect to similar companies in order to widen their portfolio and grow exponentially their clients.
Instead of adding people and processes, Haven simplifies logistics operations with technology. By automating global logistics for average traders and saving them 50.000 human hours to date, the company helps traditional shippers save on human processes like phone calls and emails, close deals at greater transparency, and provide smoother collaboration.
With $14Million in funding, Haven is disrupting the industry by using data analytics and automatization tools to help shippers and end-users to perfect their own logistic experience.
By using data analytics and predictive intelligence, ClearMetal provides much-needed guidance in container shipping. ClearMetal offers solutions that can predict equipment, trades, vessel among other tools for the shipper. ClearMetal aims to optimize the shipper’s productivity.
With $12 Million in funding, ClearMetal CEO Adam Compain claims that they are looking to provide a simple and easy option for average users in a complex arena like Logistics, making the global trade, more attainable.
Founded in 2015, Convoy is a network of truck drivers connected through a mobile app, which allows drivers find loads they prefer, save time and money, drive fewer miles empty, resulting every truck driver affiliated to Convoy have a much more efficient work. Shippers use Convoy’s data insights and its leading industry services to enhance their supply chain operations at a lower cost.
Convoy have recollected $265.5 Million dollars to date and is quickly becoming a must work tool for truck drivers in America, resulting in a key player not only in truck transportation but in general cargo transportation.
FourKites is a predictive supply chain platform, providing real-time visibility for their clients, including Fortune 500 companies and third-party logistics companies. Their algorithms allow them to predict shipment arrival times, therefore, helping their customers lower costs improve performance, and increase customer satisfaction.
With $51.5 Million in funding and operating multi-modal solutions, the platform is optimizing both big and small freight forwarders and becoming an essential company in the logistics industry.
Founded in 2012, Freightos is an online freight marketplace, that offers Accelerate, a SaaS solution for instant freight quoting, optimizing the internal operation of freight forwarders, reducing both time and money.
Freightos has raised $92.7 Million in funding through multiple investors including GE Ventures and is currently one of the key players leading the technology shift in the Logistics Industry.
Project44 is an advanced visibility platform for shippers and third-party logistics firms. The company connects, automates and provides visibility of important transportation processes, allowing companies to shorten response times and make decisions based on quality data.
With $90.5 Million in funding, the company is providing their clients (including FedEx, SAP, and more) the possibility of increasing operational efficiencies, reduce costs, and in conclusion, improve shipping performance.
Anyone who understands logistics saw this coming. Flexport is the modern Freight Forwarder. With multiple mentions including “#8 on Inc. 5000”, “Inc’s Best Companies to work of 2018”, “#13 on LinkedIn’s top startup of 2018”, “Business Insider top 51 enterprise startups to bet your career on 2018”, Flexport is the biggest and most important company when it comes to innovation in Logistics.
The company relies on multi-purpose cloud software and a data analytics platform, to serve more than 10.000 clients globally. Their offering includes multi-modal logistics services, warehousing, customs and compliance, financing and insurance, among others.
Having raised $304Million with a valuation over $800Million, experts predict that Flexport will become the biggest freight forwarder in some years, making it the biggest disrupter of the Logistics Industry.
The other 3:
This Colombian based company is making its way through truck transportation, by helping to optimize road cargo in South America. Having Raised $2.2 Million since their inception in 2017, this is a must-see company in South America. The technology company is an expert when it comes to handling road transportation, reducing costs by 20%-40% for their clients.
While most companies focus on the container market, Shipamax attacks the multi-billion-dollar non-containerized part of the industry. Founded only two years ago and with a $2.5 Million in funding; Shipamax provides a workflow management tool to shipbrokers and operators.
With an initial version released and with a 20-client list, Shipamax will make noise soon, by attacking a less-popular part of the logistics industry, bulk shipping.
Logixboard (LXB) offers a SaaS solution focused on improving the customer experience interaction between the freight forwarder and its client. Logixboard aims to reshape the customer experience for the logistics industry by offering an integrated cloud-based platform where the lifecycle of a typical global trade operation can be carried. The data-driven platform includes online quoting, shipment tracking, business analytics, milestone tracking, among others.
Founded in 2016, with initial funding of $1M, this startup’s digital transformation solution leads to increased sales, larger bottom line, cost reduction, and scalability; making the ride to the digital innovation era for traditional logistics companies, a more smoothly one.
Suffice to say; numerous other companies are trying to change the course of the logistics industry. Some of them, deserving of a place on our list. The question remains, however — when all is said and done, which companies will come out ahead?
What are your thoughts on our list? We would love to hear about other companies that people consider worthy of being on our top 10. Please let us know!