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 LoadStop, offers an array of services, ranging from a carrier-focused TMS to real-time visibility tracking and an autonomous dispatcher, all aimed at enabling smarter planning of shipping and trucking routes.
“We offer a one-stop-shop logistics solution for trucking companies,” said Omer Cheema, LoadStop co-founder and chief operating officer, in an email to FreightWaves.
In a recent phone conversation, Cheema elaborated on the various functionalities his Irvine, California, startup provides.
The LoadStop TMS aims to fill a gap in the market, in which many offerings tend to be shipper-focused and/or too expensive for budget-minded smaller carriers.