Loop provides a digital platform designed to streamline and automate freight forwarding operations for logistics providers. The system integrates various supply chain data points to offer real-time visibility and optimized workflow management. This results in reduced administrative overhead and improved efficiency across complex international shipping processes.
Funding
$650K 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.
SBFounders
Product
Problem
Small and mid-sized businesses often face challenges in the logistics industry due to inefficiencies such as empty returns, fragmented communication, and delayed payment processing. These issues lead to increased transportation costs and environmental impact.
Solution
Loop provides a technology-enabled marketplace that connects shippers with fleet owners to optimize truckload freight services. The platform streamlines communication and accounting in one place, offering real-time data analytics to facilitate faster payment processing and reduce empty returns. By providing a single application for scheduling and tracking shipments, Loop enables data-driven decision-making for shippers and helps truck vendors find loads closest to them while managing their drivers and trucks.
Target Audience
The primary customers are small and mid-sized businesses that require truckload shipping services and fleet owners looking to optimize their operations and reduce empty returns.
Features
- Web and mobile platform integration for streamlined transport communication and accounting
- Real-time data analytics for informed decision-making in supply chain management
- Compliance maintenance through documentation at every stage: order management, dispatch, loading, and unloading
- Shipment scheduling and tracking capabilities for shippers
- Load finding functionality for truck vendors to minimize empty returns
- Driver and truck management tools for fleet owners
- Fast freight payment processing