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Industries
Automotive & Transportation
Enterprise Software
Company Size
201-500
Company Stage
Series C
Total Funding
$124.3M
Headquarters
El Segundo, California
Founded
2015
NEXT Trucking provides a logistics solution that combines a freight marketplace with its own fleet of drivers and partnerships. The company offers services such as Drayage, OTR trucking, and transloading, catering to shippers, carriers, and dispatchers. By utilizing a tech-enabled platform, NEXT connects shippers with carriers efficiently, reducing costs and time in cargo movement. This approach allows NEXT to charge fees for matching services and transportation solutions. The company has moved billions in cargo, saving shippers on freight fees and increasing carrier revenues. NEXT Trucking's goal is to optimize the transportation of goods and enhance operational efficiency in the logistics industry.
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Total Funding
$124.3M
Above
Industry Average
Funded Over
4 Rounds
Industry standards
Long Beach, California-based NEXT Trucking recently announced product and program updates as part of its tech stack improvements following its merger with Chicago-based digital freight broker CDL-1000. These updates are targeted at improving the experience for both shippers and carriers by leveraging the combined companies’ resources and industry expertise.NEXT Trucking began as a FreightTech pioneer back in 2015 with a focus on connecting full truckload and less-than-truckload carriers with shippers through an online platform and mobile application. By 2019, the company has added drayage as part of its logistics offering and expanded its technology platform.In an interview with FreightWaves, Chris North, product marketing manager at NEXT, talked about the newest updates and his tenure with the company. With NEXT since 2016, North helped build the over-the-road business and technology before helping the company diversify into drayage.“We built our OTR brokerage and tech platform to a point where it was sustainable and doing well,” said North. “I’d been managing drayage and OTR shipments since joining NEXT, so expanding into drayage technology was a natural progression for us. Of course, drayage is a heck of a lot more complex than truckload, but here we are almost five years later with the most advanced drayage technology in the industry.”The path to drayage success involves integrations due to the extra complexities among multiple parties
The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.The reader should not assume that the information is accurate and complete.
Digital freight marketplace CDL 1000 has expanded its market share into Los Angeles with the acquisition of competitor Next Trucking.
THE WALL STREET JOURNAL reports: Digital freight broker CDL 1000 acquired competitor NEXT Trucking in an equity deal that extends consolidation in the struggling, technology-focused business of matching trucks and shipments.The agreement combines Chicago-based CDL 1000’s business, which manages loads on short-haul routes between seaports and warehouses, with similar services at Long Beach, Calif.-based NEXT Trucking focused on the nation’s busiest container port complex at Los Angeles and ...
NEXT Trucking, a freight technology platform and digital marketplace connecting shippers and carriers, today announced the appointment of its new Chief Executive Officer (CEO), Abhishek (Abs) Kapur.
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Industries
Automotive & Transportation
Enterprise Software
Company Size
201-500
Company Stage
Series C
Total Funding
$124.3M
Headquarters
El Segundo, California
Founded
2015
Find jobs on Simplify and start your career today
Discover companies similar to NEXT Trucking