NEXT Trucking

NEXT Trucking

Tech-enabled freight marketplace with trucking services

Overview

NEXT Trucking runs an end-to-end logistics platform that combines a freight marketplace with its own fleet and partner networks to move cargo. The platform connects shippers with carriers for services like Drayage, OTR, and transloading, coordinating pickup, transport, and mode changes through technology. It stands out by blending a marketplace with an owned fleet and curated partnerships to provide integrated, end-to-end logistics and reduce time and costs for customers. Its goal is to simplify cargo movement and improve efficiency across the logistics network for a broad range of clients.

Significant Headcount Growth

About NEXT Trucking

Simplify's Rating
Why NEXT Trucking is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Automotive & Transportation

Industrial & Manufacturing

Enterprise Software

Company Size

51-200

Company Stage

Series C

Total Funding

$124.3M

Headquarters

El Segundo, California

Founded

2015

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Simplify's Take

What believers are saying

  • Venture-backed by Sequoia Capital and Brookfield Ventures fuels expansion.
  • Abhishek Kapur as CEO since January 2022 drives post-merger growth.
  • Bo Tao as CTO strengthens tech platform for OTR and drayage.

What critics are saying

  • CDL-1000 integration fails, eroding LA drayage share in 3-6 months.
  • 20% workforce layoffs from port tensions reverse growth momentum.
  • CargoNext undercuts with superior analytics, causing shipper churn.

What makes NEXT Trucking unique

  • NEXT Trucking pioneered drayage technology since 2019 merger with CDL-1000.
  • Advanced tools like Suggested Accessorials launched August 2021 automate logistics.
  • Customizable Reports tool from June 2021 enhances freight tracking precision.

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Funding

Total Funding

$124.3M

Above

Industry Average

Funded Over

5 Rounds

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Above Average

Industry standards

$50M
$50M
Medium
$62M
SeatGeek
$97M
NEXT Trucking
$100M
Oura

Growth & Insights and Company News

Headcount

6 month growth

5%

1 year growth

5%

2 year growth

5%
ExecutiveBiz
Apr 2nd, 2026
Nava appoints Kelly Feeney as VP of operations & automation.

Nava appoints Kelly Feeney as VP of operations & automation. Photo: Kelly Feeney/LinkedIn Nava announced Tuesday that it has appointed Kelly Feeney to the newly established executive role of vice president of operations and automation. What will Feeney do in her new role? Feeney is tasked with leading core operations to implement scalable processes that ensure consistent, long-term delivery. According to Sha Hwang, co-founder and chief operating officer of Nava, Feeney's experience in rapidly scaling environments will help the firm build operations that match the "ambition, pace and complexity" of its delivery. Who is Kelly Feeney? Feeney is an operations leader specializing in the integration of people, processes and systems. She brings extensive experience in cultivating leadership, optimizing organizational performance and guiding artificial intelligence integration, with a demonstrated track record of scaling high-growth companies. Following five years at an independent operations consultancy specializing in digital transformations and legacy modernizations, Feeney developed her proprietary "Business Rhythm" framework, a system that bridges the gap between corporate vision and daily execution. Prior to her consultancy, Feeney served as director of operations at Next Trucking and Newfront Insurance, and as head of special projects and operations at Convoy. She was also a key contributor during the formative years of Uber, Coinbase and Airbnb, guiding operations and logistics as the firms transitioned from startups to global enterprises. What is Nava? Nava is a digital services firm specializing in software development, DevSecOps and cloud modernization for government agencies. The company has spearheaded major public sector transformations, notably partnering with the Centers for Medicare and Medicaid Services to launch a self-service cloud environment. Recently, Nava expanded its capabilities by acquiring Beam, a cloud-based emergency aid platform, and launching Nava Strata, an open-source architecture for government digital services.

FreightWaves
May 13th, 2024
Next Trucking Releases Expert Tools To Tackle Supply Chain Complexity

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

Securities and Exchange Commission
Mar 5th, 2024
SEC FORM D/A

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.

FreightWaves
Feb 12th, 2024
CDL 1000 acquires Next Trucking

Digital freight marketplace CDL 1000 has expanded its market share into Los Angeles with the acquisition of competitor Next Trucking.

The Loadstar
Feb 12th, 2024
WSJ: Digital freight startup CDL 1000 acquires rival NEXT Trucking - The Loadstar

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 ...

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