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Shipwell

Shipwell

Transportation management system for logistics efficiency

About

Shipwell provides a Transportation Management System (TMS) that enhances supply chain visibility and efficiency for businesses in logistics. Its cloud-native platform allows clients to plan shipments, source transportation, track performance, and manage financial settlements, integrating with various carrier networks and e-commerce platforms. Unlike many competitors, Shipwell emphasizes real-time visibility, enabling clients to track shipments and communicate with carriers directly. The company operates on a software-as-a-service (SaaS) model, offering scalable logistics solutions through subscriptions. Shipwell's goal is to help businesses streamline their supply chains, reduce costs, and improve operational efficiency.

Company Stage

Series C

Employees

51-200

Industries

Data & Analytics, Automotive & Transportation, Enterprise Software

Total Funding

$53.9M

Headquarters

N/A

Founded

2016


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Simplify's Take

What believers are saying

  • Shipwell's continuous innovation, such as the launch of RFP Automation, enhances the efficiency and effectiveness of freight procurement for shippers.
  • The company's strategic partnerships, like the one with Marex Services, expand its Managed Transportation Services offerings, providing more comprehensive solutions to clients.
  • Shipwell's impressive financial performance, including a 3.5x increase in revenue year-over-year, indicates strong growth and stability.

What critics are saying

  • The sale of its truckload brokerage unit to CloudTrucks may lead to a loss of direct control over certain logistics operations, potentially impacting service quality.
  • The competitive landscape in the TMS sector is intense, with numerous players vying for market share, which could pressure Shipwell to continuously innovate and adapt.

What makes Shipwell unique

  • Shipwell's cloud-native TMS platform offers real-time visibility and seamless integration with various carrier networks and financial systems, setting it apart from traditional logistics solutions.
  • The company's focus on load optimization and support for 3PL and 4PL services provides clients with strategic supply chain management capabilities that are not commonly found in other TMS providers.
  • Recognition in Gartner’s Magic Quadrant for TMS underscores Shipwell's credibility and leadership in the transportation management space.

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Growth & Insights
Headcount

6 month growth

-2%

1 year growth

-38%

2 year growth

-40%

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