[Tech] Seattle Startup Launches Partial Truckload Service

Browse By

CIG News – Seattle Startup Launches Partial Truckload Service. News provided by Benzinga Tech, The tech sector is the category of the markets relating to the research & development and/or distribution of technological based services as well as goods.

FreightWeb announced the launch of its partial truckload transportation service on Tuesday, backed by $3 million in seed funding from Madrona Venture Group and 8VC.

The startup, headquartered in Seattle, is taking a multi-pronged approach to solving a perennial problem in the trucking industry: the fact that shippers are typically forced to pay for a whole truck, even when their freight may occupy only a fraction of the trailer.

Unlike with less-than-truckload (LTL) and truckload (TL) shipments, there hasn't historically been a way to get automated price quotes for partial truckload shipments, defined as loads of between six and 20 pallets, said co-founder and CEO Will Payson.

Full truckload freight service is optimized for 26- to 30-pallet loads that use all the space in a truck. Meanwhile, LTL carriers, moving between one and five pallets, are an unpredictable and often more expensive solution for larger shipments.

As a result, shippers that need to ship only half a truckload of freight often have to pay for the whole truck or spend hours tracking down a quote.

FreightWeb streamlines that process with instant quotes and booking, saving shippers around 25% on trucking costs, according to Payson.

“We are focused on doing the one thing that historically shippers have found …

Full story available on Benzinga.com

Source Benzinga

Disclaimer: All posts made on this website are provided for information purposes only. None of the information here is intended as investment advice, as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any security, Company, or fund. Before making an investment decision, you should seek the advice of a qualified and registered securities professional. The author is not paid to share this information. Cannabis Investment Group is not paid to share this information and has no business relationship other than shareholder with any company whose stock is mentioned in this article.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.