Freightera Posts 140% YoY Growth
Freightera’a Unique Strategy Leads It to Growth and Profitability in 2023 Despite Freight Recession
We’re happy to say that the news of our success in the past year has been caught by news outlets such as Newswire and Techcouver.
“This year has been a difficult one for the freight industry, with North America’s largest brokerage C.H. Robinson experiencing a 62% decline in earnings per share, 94-year-old Yellow Freight ceasing operations, and Convoy shutting down despite raising over $1 billion in venture capital funding,” Techcouver writes.
As opposed to that, due to our win-win model, “Freightera’s core digital division recently posted a quarterly profit growth of 140% year-over-year—a marked contrast to some industry rivals.”
This is, in no small part, achieved by offering rates from multiple carriers, many of which offer rail or have more efficient fleets which results in lower fuel surcharges, which results in better prices for our clients.
“Business shippers use Freightera to check prices from hundreds of carriers at once. In more than 800 5-star reviews, shippers mention excellent service and prices much better than they can find elsewhere,” notes Freightera’s press release in Newswire.
To read the full articles, please visit Techcouver and Newswire for their extensive coverage of the story. Freightera’s accomplishments were also featured on Mediacoverage as part of the tech-driven logistics success story.