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Don\u2019t you love it when there\u2019s a fragmented market with many different actors and outdated tech products? French startup FretLink<\/a> is using all the tips in the startup handbook and applying them to a neglected industry \u2014 the trucking industry.<\/p>\n FretLink a software-as-a-service marketplace connecting companies that need to send big piles of stuff with thousands of transportation companies. And the startup just raised $6.4 million (\u20ac6 million) from Daphni<\/a>, Elaia Partners<\/a> and Breega Capital<\/a>.<\/p>\n If you\u2019re like me, you don\u2019t know much about the transportation industry. Sure, you know the names of a few big logistics companies that bring you your Amazon packages. But it\u2019s a bit more mysterious if you think about the pallets that move from one warehouse to another.<\/p>\n And it turns out that it\u2019s a mess. Warehouses use warehouse management systems<\/a> and transportation companies use\u2026 transportation management systems<\/a>. But many of those tools are outdated, complicated to use and expensive. And then you have to manually scan marketplaces like uShip<\/a> to fill up the rest of your truck.<\/p>\n FretLink has already selected 2,500 transportation companies in Europe for its online platform. The startup then needs to fill up all those 60,000 trucks as much as possible. It means that FretLink can connect you directly with multiple clients and optimize your route.<\/p>\n FretLink can even find you new clients on the way back so that you don\u2019t drive back with an empty trailer. It\u2019s an easy sell for transportation companies. FretLink wants you to transport more stuff with the same number of trucks.<\/p>\n As for clients, transportation companies have been screened and you get updates about your shipment in real time. You don\u2019t have to work with logistics intermediaries so you also end up paying less. FretLink takes a cut on each transaction.<\/p>\n By centralizing everything on one platform and adding more transparency, FretLink optimizes and standardizes the process for everyone. This way, everything becomes more predictable.<\/p>\n","protected":false},"excerpt":{"rendered":"![\"\"](\"https:\/\/tctechcrunch2011.files.wordpress.com\/2016\/07\/16c679_0031.jpg?w=680\")
Don’t you love it when there’s a fragmented market with many different actors and outdated tech products? French startup FretLink is using all the tips in the startup handbook and applying them to a neglected industry — the trucking industry. FretLink a software-as-a-service marketplace connecting companies that need to send big piles of stuff with thousands of… Read More<\/a><\/p>\n\n<\/img><\/a>
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