NEW PLYMOUTH, Idaho, Jan. 24, 2019 /PRNewswire/ -- Truckstop.com, the industry leader in freight matching and load board solutions, closed 2018 with record company growth, marked by strategic acquisitions and partnerships, and unprecedented user activity. With empty miles accounting for nearly a third of all trips made by commercial trucks globally, Truckstop.com is helping carriers and brokers put more money in their pockets by giving them the tools they need to increase asset utilization and productivity.
"The transportation industry is undergoing a digital transformation with far-reaching impact on carriers and brokers alike," said Paris Cole, CEO, Truckstop.com. "At Truckstop.com, our priority has always been to find a better way to bring our customers additional success. We have been very busy building our team and expanding our partnerships to ensure that every customer receives the service and quality they expect and the technology they need to make their businesses more profitable."
The company completed two strategic acquisitions in 2018 to address the universal industry pain points of partner vetting and cash flow. The acquisition of SaferWatch gives brokers reliable carrier qualification and monitoring capabilities. The acquisition of D&S Factors (recipient of the FactoringClub 2019 Best Factoring Company Award) allows the company to extend accounts receivable and financing services to freight brokers and motor carriers.
In addition to acquisitions, the company announced a strategic partnership with Chainalytics and more than 60 new Truckstop.com partner integrations. The Chainalytics partnership combines market intelligence products with Truckstop.com's rates data to provide increased visibility into contract and spot rates in North America. The database and modeling aggregate more than $80B of combined freight rate intelligence—making it North America's largest rate database.
2018 also marked a record year for company growth. Named a "Top 50 Company for Women to Work for in Transportation" by the Woman in Trucking Association (WIT), Truckstop.com hired nearly 200 employees and added key executives including, technology industry veteran and lead developer of the team that designed XBOX Live, Jeff Allen as Chief Technology Officer (CTO), and Victoria Roberts as Chief People and Culture Officer.
"Truckstop.com has been an industry leader for almost a quarter century and I'm excited about where we're headed as a company," said Allen. "As the industry adopts new technologies and freight and transportation evolves, we have a unique opportunity to push transportation experiences forward through innovative products that make our customer's lives easier."
Compiling data from the company's annual customer demographics survey, Truckstop.com found that the majority of carriers list "rate" as the primary reason they choose to haul a particular load—more than deadhead miles, origin, and destination combined. In 2018, more than 60 percent of Truckstop.com load postings were not same day, giving carriers more freedom and flexibility to identify better loads and rates.
For additional information about Truckstop.com products and services, please visit: https://truckstop.com/products/.
About Truckstop.com
Truckstop.com is the world's most trusted load board and freight marketplace for carriers to find loads at the best rates and brokers to increase capacity. With Truckstop.com, brokers can post loads and carriers can search for available loads in real-time. For more than 20 years, Truckstop.com has helped carriers and brokers successfully run their businesses and find a better way to move freight. More information can be found at www.truckstop.com.
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SOURCE Truckstop.com
