Torch is a digital third-party logistics (3PL) platform specializing in short-haul freight for distances of 50-550 miles, utilizing purpose-built technology to enhance capacity and visibility in real-time. The company addresses the inefficiencies in short-haul logistics by providing a dedicated network of carriers, ensuring faster deliveries and reduced operating costs for shippers.
Funding
$4M 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.
MGFounders
Product
Problem
E-commerce growth has increased the demand for faster deliveries and inventory positioned closer to consumers, making short-haul freight (50-550 miles) a critical component of the supply chain. Traditional logistics providers often lack the specialized focus and technology needed to efficiently manage the unique challenges of short-haul routes, leading to inefficiencies and increased operating costs.
Solution
Torch provides a digital third-party logistics (3PL) platform dedicated to optimizing short-haul freight, offering a purpose-built technology solution to enhance capacity and real-time visibility. By focusing exclusively on the 50-550 mile range, Torch has created a dedicated network of reliable short-haul and drayage carriers. The platform's technology is designed to address the specific challenges of short-haul logistics, enabling faster deliveries and reduced operating costs for shippers. Torch's approach injects technology into high-cost centers, reducing operating costs and providing instant access to capacity.
Target Audience
Torch primarily serves shippers across various industries, including food & beverage, CPG, and retail, who require efficient and reliable short-haul freight solutions.
Features
- Dedicated network of short-haul and drayage carriers
- Purpose-built technology tailored for short-haul logistics
- Real-time visibility and capacity management
- Instant rate and availability for drayage services
- Digital-first tools and services for efficient short-haul management
- Data aggregation for actionable insights