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uShip Sees 2016 Growth As Freight Automation Disrupts Logistics Landscape

Enterprise, SMBs, Consumers Seeking Faster, Easier, Cheaper Transport Find It With uShip

AUSTIN, Texas–(BUSINESS WIRE)–uShip, the online shipping marketplace and freight automation software provider, today announced several key milestones, as well as traction within its freight automation initiative serving enterprise customers, less-than-truckload (LTL) shipping customers and consumers within freight’s “forgotten” $26 billion larger-than-parcel (LTP) market.

“The $2.2 trillion freight world may be sliced and diced in infinite ways, but there’s a common thread of sentiment throughout: the need for faster, easier and cheaper transport, which have been core to uShip from the beginning,” said Matt Chasen, founder and CEO of uShip.

“Platform economics and the ‘Uberization’ of everything—including trucking—have added fuel to this movement, as have forward-thinking major logistics providers like DB Schenker, which has adopted uShip’s freight automation technology. It’s exciting to be at the epicenter of this seismic shift as old-school shipping methods like phone calls, faxes, spreadsheets and whiteboards become a thing of the past.”

Fueling Freight Automation Adoption

Large-scale enterprise relationships, exemplified through uShip’s partnership with DB Schenker, one of the world’s largest logistics companies, showcases how companies can use uShip PRO, the company’s enterprise platform, to achieve pricing and performance transparency, real-time bid/offer pricing, mobile tracking technology and supplemental capacity through uShip’s online provider network.

uShip continues to see major adoption within its LTL marketplace, where business shippers can access direct, instantly-bookable quotes from 30+ national and regional LTL carriers, representing a vast majority of capacity in the $35.1 billion LTL market, according to SJ Consulting Group, Inc.

The uShip marketplace continues to see growth within freight’s “forgotten” $26 billion larger-than-parcel consumer shipping segment—vehicles, furniture, households, boats, motorcycles, airplanes, pets, the odd and usual and more. This segment has largely been ignored by traditional carriers given the freight’s often unwieldy and unstackable nature. However, entrepreneurial providers, from single-truck owner-operators to mid-size fleets, have embraced this bid-based opportunity on uShip, giving consumers and businesses relief from high transport costs and logistical headaches.

uShip’s Sustained Growth and Momentum

Founded in 2003, well before “sharing economy” was all the rage, uShip has quietly and efficiently built what has become a benchmark for the spate of early-stage, venture-backed logistics startups today. To date, the uShip marketplace has facilitated over one million deliveries with service providers earning nearly $1 billion and driving one billion miles in the process. Other sustained momentum mile markers include:

  • $25 million raised (most recent: 2012, $18 million—Kleiner Perkins Caufield Byers)
  • Global footprint: localized in 19 markets; deliveries in/out/within 138 countries
  • 3.5 million registered shipping customers, including 400,000 business shippers
  • 800,000 registered transporters worldwide
  • Launched uShip PRO, the company’s enterprise technology backbone
  • Top Workplace of Greater Austin 2016 (four-time winner)
  • New Austin headquarters office opening early 2017 for 200+ employees

About uShip

uShip is an online shipping, transport and freight marketplace that enables individuals to enterprises, and any business with freight, to price-search, book and ship anything they want to move—locally or globally. From cars to cranes, freight to furniture, and beyond, uShip’s platform relies on over 800,000 feedback-rated transporters that compete for business. Headquartered in Austin, Texas, and Amsterdam, uShip operates globally in 19 countries. Find out more by visiting uship.com, following on Facebook at facebook.com/uship or Twitter at @uship.

Contacts
Treble
Gina Manassero, 512-960-8222
uship@treblepr.com