BlackRock bets on Loadsmart with $90M investment

DFM Commentary:

Blackrock and other investors continue to aggressively fund dynamic/digital freight brokerage expansion. Digitization, dynamic matching, and the benefits of advanced analytics are providing real customer and efficiency benefits to shippers, brokers, and carriers. DFM Data Corp looks forward to enhancing those benefits with innovative freight companies through duplicate load and transport capacity (phantom) data cleansing supported by a member-run governance structure.

Link to Source: https://www.freightwaves.com/news/blackrock-bets-on-loadsmart-with-90m-series-c

Quotes from Article:

“Like Loadsmart, many digital freight startups are seeing record growth, as shippers look to such companies to help them moderate spiralling transportation costs and record high tender rejection rates.”
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“…today’s shippers, facing an extraordinarily tight market environment, recognize that technology integration is not just nice to have — but essential.”

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