Flock Freight

Flock Freight

Technology platform for terminal-free freight shipping

About

Flock Freight operates in the freight shipping industry with a focus on improving the shipping process through its patented platform called FlockDirect®. This platform eliminates the need for terminals, which are typically used as transfer points in shipping, leading to faster delivery times and reduced damage to goods. By combining multiple shipments into a shared truckload, Flock Freight enhances efficiency for shippers and increases profitability for carriers. This model is especially advantageous for businesses with weight constraints, as demonstrated by clients like Waiākea Water, who have seen delivery costs drop by up to 50%. Flock Freight charges clients for its shipping services, leveraging the cost savings from its terminal-free approach to offer competitive pricing while ensuring profitability. The company's goal is to streamline freight shipping, making it more efficient and cost-effective for a wide range of businesses.

Company Stage

Series D

Employees

201-500

Industries

Data & Analytics, Automotive & Transportation

Total Funding

$388.1M

Headquarters

Encinitas, California

Founded

2015


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Simplify's Take

What believers are saying

  • Increased demand for sustainable logistics boosts Flock Freight's eco-friendly approach.
  • AI-driven logistics enhance Flock Freight's algorithmic pooling capabilities.
  • E-commerce growth increases demand for Flock Freight's efficient freight solutions.

What critics are saying

  • Departure of key executive Orlando Baeza may indicate internal instability.
  • Over-reliance on third-party platforms could affect service delivery.
  • Intensifying competition in logistics may impact Flock Freight's market share.

What makes Flock Freight unique

  • Flock Freight uses algorithmic pooling to eliminate inefficiency in freight shipping.
  • Their FlockDirect platform offers terminal-free shipping, reducing damage and speeding delivery.
  • The company provides cost savings up to 20% compared to traditional truckload shipping.

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Growth & Insights
Headcount

6 month growth

-2%

1 year growth

0%

2 year growth

-2%

Benefits

Unlimited PTO

Ownership: stock options

401k

Insurance: health, dental, vision

Commuter Benefits

Paid Parental leave

Office amenities: cold brew and kombucha on tap, intramural sports, surf club, and free lunch

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