Onward operates a digital freight marketplace that utilizes real-time data to match retailers with box truck carriers, optimizing delivery routes and reducing empty truck space. This approach addresses inefficiencies in final mile logistics, resulting in lower shipping costs, faster deliveries, and a significant reduction in environmental impact.
Funding
$7.2M 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.
Founders
Product
Problem
The final mile logistics industry faces inefficiencies due to empty truck space and suboptimal delivery routes, leading to increased shipping costs, slower delivery times, and a larger environmental footprint. Retailers and carriers struggle to efficiently connect and utilize available capacity in box trucks.
Solution
Onward provides a digital freight marketplace that leverages real-time data to connect retailers with box truck carriers, optimizing delivery routes and minimizing unused truck space. By matching orders with carriers traveling in the same direction, Onward enables shippers to secure better rates, carriers to increase revenue, and customers to receive orders faster. The platform offers technology to track order status at every step, ensuring transparency and accountability throughout the delivery process. This data-driven approach improves efficiency in final mile logistics, reduces environmental impact, and fosters a win-win scenario for all stakeholders.
Target Audience
Onward primarily serves retailers and brokers seeking efficient and cost-effective solutions for big and bulky final mile deliveries, as well as box truck carriers looking to maximize their truck utilization and revenue.
Features
- Real-time matching of retailers with box truck carriers based on available capacity and delivery routes
- Order tracking technology providing visibility into the status of deliveries
- Data-driven optimization of delivery routes to minimize empty truck space
- Carrier performance tracking and KPI monitoring
- Digital platform for managing orders, shipments, and payments