WHY NEWTRUL IS A GO- TO DIGITAL FREIGHT MARKETPLACE IN THE MODERN ERA
H
ow often do you think about the real size of the freight market? The freight transportation industry statistics are astounding. As reported
by Rafael Granato of Supply Chain 24/7, “about 97% of carriers in the U.S. operate 20 or fewer trucks (while 90% of those operate with six or fewer trucks). The national economy depends on trucks to deliver nearly 70% of all freight transported in the U.S. annually, according to
TruckingInfo.net, accounting for $671 billion worth of manufactured and retail goods transported in the country by truck alone.”
With those vast quantities, brokers and shippers need a faster way to find capacity and available carriers. And carriers need a way to find loads for their capacity. That’s where a digital freight marketplace like newtrul is most important.
Transportation Leader newtrul Continues to Expand with Recent Seed Funding
As a digital freight aggregation platform, newtrul has attracted significant interest. The platform recently raised $2.25 million in a seed round led by Autotech Ventures. According to newtrul CEO and co-founder Ed Stockman, “Autotech Ventures is an extremely interesting investor for us. We chatted with a lot of different venture capital firms, and a lot of them brought capital to the table. But Autotech brought deep domain expertise.” Autotech Managing Director Daniel Hoffer adds, “Ed and his team are well positioned to meet their customers’ needs in making available the largest collection of bookable shipments. They have a deep understanding of the industry, and we are excited to support their efforts to transform it to create more value for all participants.”
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