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 …
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