Flock Freight utilizes patented technology to optimize freight shipping by matching compatible shipments and schedules, enabling shared truckload services that maximize trailer utilization. This approach reduces shipping costs and carbon emissions by up to 40% while ensuring on-time delivery and minimizing risks of damage and theft.
Funding
$399.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
SVFounders
Product
Problem
Traditional freight shipping often requires shippers to pay for unused truck space, leading to increased costs and wasted resources. This inefficiency also contributes to higher carbon emissions due to underutilized trucks on the road.
Solution
Flock Freight offers a shared truckload service that optimizes freight shipping by matching compatible shipments and schedules, allowing multiple shippers to share the same truck. This approach, called FlockDirect, ensures shippers only pay for the space they need, eliminating the need to fill an entire truck. By pooling freight and maximizing trailer utilization, Flock Freight reduces shipping costs, minimizes the risk of damage and theft through terminal-free shipping, and cuts carbon emissions by up to 40%. Real-time per-pallet pricing and tracking visibility, similar to full truckloads, are provided through the platform.
Target Audience
The primary target audience includes shippers looking to reduce freight costs, improve shipping efficiency, and minimize their environmental impact, as well as carriers seeking to maximize revenue.
Features
- Patented technology for matching compatible shipments and optimizing truck utilization
- Shared truckload (FlockDirect) service, allowing shippers to pay only for the space used
- Real-time per-pallet pricing for up to 44 linear feet
- Terminal-free shipping, reducing the risk of damage, delays, and theft
- Up to 40% reduction in Scope 3 CO2e emissions through maximized trailer utilization
- Real-time tracking visibility with frequent updates, similar to full truckload shipments
- Customer support available 7 days a week