10-4 Systems announced plans for a strategic partnership with project44. By integrating project44’s network of Less-Than-Truckload (LTL) APIs into 10-4’s Freight Portal, 10-4 customers will now have access to synchronous and real-time LTL shipment data directly within their current user interface, according to the company.
10-4 Systems, the highest fidelity form of multi-modal shipment tracking in North America, today announced that it has integrated with McLeod Software, an industry leading provider of transportation management software. This integration provides Shippers and Carriers the ability to gain transparency into their networks through McLeod Software’s PowerBroker.
Boulder-based 10-4 Systems has raised $13.9 million in a Series A funding round, completing a spinoff from parent company GlobalTranz of Phoenix, Ariz.
The move — and the money — will allow the commercial freight supply chain technology company to focus on growing its sales and development teams and enhancing its product, said 10-4 CEO and President Travis Rhyan.
We are absolutely taking our core product wider and deeper, looking into more and expanding partnerships, Rhyan said. "With this money, we've got the ability to take it to the next level.”
Logistics software startup 10-4 Systems Inc. has landed $13.9 million in funding, and plans to use the cash to spin off from parent company GlobalTranz Enterprises Inc. and find its own path in the turbulent "Uber for trucking" sector, the company said Monday.
10-4 Systems (Boulder, CO), announces the closing of its Series A round of financing. The round was led by Andrew Leto, one of the founders of GlobalTranz. This investment and spinoff marks a new chapter for 10-4.
In an increasingly connected world, 3PLs are under significant pressure to respond to emerging trends. As their clients demand more real-time communication, greater visibility, and reduced costs, 3PLs have been driven to adopt various forms of technology to increase efficiency and maintain a competitive edge. Recent trends include IoT transportation ecosystems, LTL dimensioning pricing technology and the continued shift towards ecommerce. Let’s take a look at those three trends in more detail.
The Transportation Management System (TMS) market has grown at a steady and impressive rate over the last decade or so. There is one market segment that has historically been underserved: the SMB market. Until recently, a typical SMB simply didn’t have enough freight spend to justify implementing a TMS; they would typically outsource to a 3PL to manage their freight. However, as the barriers to entry in the TMS market have shrunk, mostly due to lower cost, less sophisticated on-premise applications and the rise of cloud / SaaS applications, more and more SMB’s are ready to take the plunge and purchase a TMS. Even with this market now looking for affordable TMS solutions, the market is still incredibly underserved.