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In June 2015, Trucker Path raised $20 million in a Series A round from Chicago-based Wicklow Capital. [14] [15] The round involved a follow-on partner, Chinese social media giant Renren. [16] In July 2015, Trucker Path released Truckloads, a B2B marketplace specializing in connecting transportation brokers to carriers.
2003 Acquired Chicago-based customs broker and freight forwarder Osowski, launching Livingston into the U.S. air/sea customs and freight forwarding market. [ 14 ] 2005 Acquired Great Lakes Customs Brokerage, a U.S. northern border customs broker, and its software application business, SouthRanch.
BlueGrace Logistics is a third-party logistics provider (also known as 3PL) in the 2012 Inc. 5000.The company provides logistics technology, freight management, and customized transportation management to customers throughout the United States.
OpenRoad TMS automates the provision of truck location updates, which reduces the need for manual communication between drivers, brokers, and customers. [15] In 2023, GP Transco made their proprietary Transportation Management System, OpenRoad TMS, public. [16] [17]
[4] [2] [5] The company has contractual relationships with over 66,000 transportation companies, including motor carriers, railroads, air freight, and ocean carriers. [6] It also provides services including supply chain analysis, freight consolidation, core carrier program management, and information reporting. [7]
Co-brokering is a legal practice used to ensure there is an available truck to transport freight. A 4PL may use a 3PL broker to match loads with trucks, with a shippers knowledge. The primary broker will take a lesser amount of the fee and the secondary broker will book the load for transport receiving a larger share of the same fee. [7]
The DAT Network hosts more than 400 million freight loads and trucks per year. [6] The network consists of several load board subscription services for small to midsize carriers, freight brokers, and shippers. [1] [7] DAT provides a real-time truckload freight rate service. This is based on $150 billion of transactions annually, from actual ...
Existing freight brokers with a USDOT, MC, or FF number could continue to do business until April 14, 2017 before they must switch to the electronic online URS system. [citation needed] A recent trend is for freight brokers to specialize in offering automated platforms to shippers so that they can tender their own loads. [4]
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