Truckstop, a Boise, Idaho-based provider of transportation technology and freight matching solutions, acquired FreightFriend, a Chicago, IL-based provider of a cloud-based capacity and freight management solution that leverages AI to manage relationships, find capacity and match freight with efficiency.
The amount of the deal was not disclosed.
The acquisition of the FreightFriend platform extends the company’s leadership in matching high-quality freight with high-quality carriers.
Led by Noam Frankel, founder and chief executive officer, FreightFriend is a cloud-based truckload procurement solution that leverages AI to find capacity and match freight. The software solutions include a carrier relationship management (CRM) platform, freight matching and a relationship-based marketplace, and predictive new carrier discovery.
Led by Kendra Tucker, chief executive officer, Truckstop is a partner for carriers, brokers, and shippers, empowering the freight community through a platform of innovative solutions for the entire freight lifecycle to increase efficiency, automate processes, and accelerate growth. The company provides the customer service as well as scale of quality loads and trucks to give customers of all sizes, whether on the road or in the office, the transparency and freedom to build lasting relationships and grow their businesses.
FinSMEs
18/07/2023