Truck Parking Club hits major milestone with 1,000 property locations across 46 states, providing 24,000 parking spaces for truckers nationwide. CEO Evan Shelley shares the company's journey and ambitious plans for expansion.
Shipwell, a Transportation Management System (TMS) platform founded by Greg Price and Jason Traff in 2016, just announced the sale of its brokerage division to CloudTrucks.
Why this Matters
Shipwell has been juggling two major roles with its operation as a TMS and running a freight brokerage, which might sound like playing on two different teams in the same game – complicated, right? This sale means Shipwell can now go full throttle on enhancing its SaaS platform, focusing on innovation and tech advancements without the conflict of interest. It's a smart move, clearing the deck so they can zero in on what they do best.
Now, we have CloudTrucks coming in to grab the brokerage baton from Shipwell.
About CloudTrucks:
CloudTrucks CEO and Co-Founder, Tobenna Arodiogbu. Image Source: CloudTrucks
What: An owner-operator business management platform: Real-time load boards, instant payments, fleet load booking and management, streamlined workflows, and more. They also act as a virtual carrier service.
Funding: Founded in 2019, the company has raised over $100 million in investments ($20.5M Series A and $115M Series B) and was valued at $850 million in 2021.
Scale: The company has facilitated over $100 million in payments to U.S. truck drivers.
For CloudTrucks, this is an opportunity to beef up its brokerage arm, setting the stage for further growth and expansion.
Hi! I'm Adriana and I've been working for FreightCaviar as Head Writer for a little over a year now. Some of my favorite topics to cover are FreightTech, Green Freight, and nearshoring/reshoring.
Thilo Huellmann and his team traveled 2,500+ miles, visiting key freight markets like Grand Rapids, Cincinnati, and Houston to discuss AI and automation with freight brokers. Here’s what they learned.
Special damages, also known as consequential damages, are extra costs not automatically covered by the carrier. They arise from the consequences of damaged or delayed freight. Here's what brokers and shippers need to know.
Keep up with the freight broker world in 5 minutes.
Join over 12K+ subscribers to get the latest freight news and entertainment directly in your inbox for free. Subscribe & be sure to check your inbox to confirm (and your spam folder just in case).
