In The News

If you’re a journalist looking for newsworthy stories and companies, our Media Kit will help you quickly learn more about the Freightera story, our people and company culture, milestones, public engagement, awards, and media coverage. Download the PDF version of our 2023 Media Kit here. Email us at [email protected] for more information.

We suggest you also visit our Company page, Customer Reviews, Green Freight and Freightera Blog.

The Canadian trucking industry is grappling with challenging times, marked by inflation, rising costs, and a significant drop in consumer demand. Amid these turbulent conditions, Freightera has emerged as a beacon of hope for smaller enterprises struggling with high freight rates.

Over the past two years, the cost of new tractors has soared from $135,000 to $225,000, and trailers have doubled in price. Simultaneously, freight rates have plummeted, leaving many small trucking companies facing severe financial strain.

The industry has shed over 20,500 driver jobs in the first quarter of the year alone, heavily impacting small fleets that rely on the spot market for shipments. The recent bankruptcy of Yellow Corp. highlights the financial pressures within the industry, especially for less-than-truckload (LTL) services that face fierce competition.

Freightera’s innovative digital platform offers a solution by allowing small businesses to find competitive freight rates efficiently. This has been particularly beneficial for mom-and-pop shops struggling to secure affordable shipping options amidst volatile market conditions.

Read more about it at theglobeandmail.com

Digital freight marketplaces have revolutionized the logistics industry, offering streamlined processes and innovative solutions to connect shippers with carriers. In a comprehensive overview by Archana Krishnasamy on LinkedIn, various platforms are highlighted for their unique contributions to the sector.

Freightera stands out for its focus on sustainable and eco-friendly shipping options, providing shippers with a digital marketplace that emphasizes efficiency and environmental responsibility. This platform, among others like Uber Freight, Convoy, and Loadsmart, demonstrates the diverse capabilities and advantages of digital freight solutions in today’s logistics landscape.

Freightera’s commitment to sustainability positions it as a key player in the industry, offering competitive rates and robust service to its users.

To read the full article, visit https://www.linkedin.com/pulse/digital-freight-marketplaces-logistics-archana-krishnasamy-ezhpc/.

Freightera’s innovative approach to digitizing freight has positioned it as a standout solution in a struggling logistics industry. Amid a broader “global freight recession,” the company posted an impressive 140% year-over-year profit growth in Q3 2023. This achievement contrasts sharply with industry giants like C.H. Robinson, which saw a 62% decline in earnings, and the bankruptcies of Yellow Freight and Convoy.

Freightera’s success is driven by its “win-win model,” where trucking companies set their own rates, allowing small to mid-sized businesses to find the best price and lowest emission options. This approach not only offers competitive pricing but also emphasizes sustainability, with over 130 firms reducing their net CO2e emissions by 50% or more by using Freightera.

Based in Vancouver, Freightera serves over 22,500 businesses across North America, and this story highlights how our digital freight marketplace can provide resilience and growth opportunities even in tough economic times.

For more details, read the full articles here and here.

Freightera CEO Eric Beckwitt will be presenting at GIC Trade Show and Conference on October 25th.

The event will take place at the Toronto Congress Centre and focus on innovations by and for grocery retailers, manufacturers, distributors, and more. Please visit Freightera booth #628 on October 25 or 26. Say hello and ask Freightera team for GIC conference special offers at the booth.

Eric Beckwitt will be presenting at the Interac Insights & Innovations Stage on October 25th at 3 pm EST.

He will be talking about freight marketplaces and other innovative shipping solutions that are both sustainable and affordable.

“Whether they’re based in Vancouver or tiny Tara, Ont., have five employees or 7,500, one thing unites them: They’ve all managed to grow through some of the most tumultuous years on record.”

Numerous companies are popping up in numerous fields every day, but it isn’t easy to stay in the game year after year, let alone grow. That’s why we’re super happy and proud to be featured on this year’s list, once again. Our revenue growth over the past three years was 237%.

To see the full list of all the interesting companies that have grown significantly over the last three years, check out Glove and Mail’s full list here.

VANCOUVER, British Columbia, June 1, 2022 (Newswire.com) – Freightera, the innovative award-winning freight marketplace serving businesses with instant freight quotes in the USA and Canada, just announced the release of a significantly upgraded quoting engine. This makes the largest freight rate inventory in North America more accessible for businesses struggling with lack of transport availability and high prices. All-inclusive fixed-cost online freight quotes at Freightera now load faster and more reliably, allowing users to interact with them right away.

Freightera’s Quote Machine™ was slowing down, processing over 20 billion rates connecting thousands of cities and towns in the USA, Canada, and cross-border. “Freightera’s engineers had to rethink the loading strategy and rose to the challenge of rebuilding the rocket mid-flight with no downtime or disruption to the users,” says Eric Beckwitt, Freightera CEO. “Not much has changed with the look users know, but the speed and interactivity make a better experience. We’re receiving good feedback from customers and are excited to invite new companies to Freightera.

Freightera CEO wins award for elegant marketplace solution for businesses, reducing shipping cost and CO2 emissions from freight transportation

Freightera welcomes Mark Schmitke, former senior operations executive at Canada’s 25th largest transportation company, as COO to scale the platform to $100M+ revenue and $1B+ valuation

VANCOUVER, British Columbia, February 7, 2022 (Newswire.com) – Freightera, the innovative online freight marketplace, has appointed Mark Schmitke as Chief Operating Officer. Mark spent the last five years with Siemens Transportation Group, serving most recently as Director of Revenue and Yield. Mark comes from an extensive background in technology and transportation. Reporting to Eric Beckwitt, CEO, Mark will be responsible for leading operations and implementing the long-term strategic vision at Freightera.

Mark is a specialist in pricing, taking an executive role at Siemens Transportation Group during challenging times, consistently achieving double-digit annual revenue growth, and 100% growth year after year for strategic market segments.

“We are excited to welcome Mark Schmitke on board,” noted Freightera CEO Eric Beckwitt. “His deep operational experience running one of Canada’s largest carriers, combined with our technology, team, and rapidly growing base of thousands of business shippers, will help us build out and scale a more efficient solution and offer a better experience for both carriers and customers. Mark is the key we need to scale Freightera to $100M+ revenue and $1B+ valuation.”

Freightera and Supply Chain Canada launch The Nearshoring Directory, a potential sourcing solution that could revolutionize the way supply chain works

See below the official press release from Supply Chain Canada.

COVID-related supply chain pressures, ship and container shortages, combined with global transportation congestion, all have shaken international commerce. And now, particularly in Western Canada, natural disasters have increased the chaos. These challenges are forcing Canadian companies to fundamentally rethink how they do business. Near shoring, reshoring and technology adoption are paving the way toward building resiliency and growing the economy.

Building resiliency in supply chains is about to get a little easier for Supply Chain Canada members

Freightera and Supply Chain Canada in the West have come together to provide a potential sourcing solution that could revolutionize the way supply chain professionals run their operations. The Nearshoring Directory – the first of its kind in Canada – will use artificial intelligence to mine shipping data to facilitate increased trade amongst North American buyers.

All Supply Chain Canada members and select partners are being granted early access to phase I of this unique portal of regularly updated products and materials, bought and sold by a large database of North American companies. Subscribers will confidently understand what is being sold, when it’s being sold, and to whom. From medical supplies to beer tanks to isopropyl, users will have the power of knowing where to source high quality local products at competitive prices.

The partnership between the two organizations is founded on the desire to fortify supply chains across the country and will build additional features using machine learning, user feedback and local talent to build competitiveness, optimize operations, and to reduce environmental impact.

Freightera is sponsoring the presentation of keynote speaker Sohaib Shahid, Ph.D., Director of Economic Innovation at the Conference Board of Canada at the Supply Chain Canada, Alberta Institute’s Annual General Meeting.

Sohaib will be sharing his market intelligence on how the pandemic has exposed the vulnerabilities of relying too much on efficient rather than resilient supply chains. It has forced some businesses to expedite their plans to change their business models and move supply chains closer to home.

The Annual General Meeting will be held simultaneously in person and virtually on Thursday, November 18th, 2021, at Chateau Louis in Edmonton AB, from 10:00 a.m. – 1:00 p.m.

Techcouver, a portal that covers and analyzes emerging technology news in Vancouver and throughout British Columbia, published an article about Freightera’s working solution for reducing the carbon footprint created by the freight industry.

”Freightera achieves this by automatically redirecting freight to existing, lower emission carriers.

Using data from the US EPA SmartWay program, Freightera calculates the net emissions reduction for multiple greenhouse gases and air pollutants and compares these with fleet averages.

Without regulation and allowing shippers to simply chose the lowest emission or lowest cost option, Freightera is achieving 20%+ plus CO2e reduction right now for 670 firms, and 50%+ reductions for 130 firms.

Freightera’s solution allows firms to achieve immediate CO2e emissions reductions in line with 2030 nationally determined targets even before widespread deployment of new lower emission vehicles.”

VANCOUVER, British Columbia, September 24, 2021 (Newswire.com) – Freightera, a leader in green freight, with an innovative CO2 emission reduction program for shippers, placed 102 on the 2021 Report on Business ranking of Canada’s Top Growing Companies by the Globe and Mail. Freightera earned its spot with three-year growth of 557%. Earlier this year, several former Amazon executives joined Freightera’s leadership team.

“Freightera is honored to join the ranks of Canada’s Top Growing Companies for a second year, and we are particularly excited that several BC firms on the previous year’s list have now become unicorns,” said Freightera CEO Eric Beckwitt.

The Freightera marketplace provides business shippers instant all-inclusive freight quotes from the best performing and lowest emission freight carriers. Over 16,500 businesses use Freightera to ship between thousands of communities in Canada and the USA. With hundreds of excellent reviews from delighted customers, Freightera helps businesses significantly lower their cost of shipping and reduce their carbon footprint.

Launched in 2019, Canada’s Top Growing Companies ranking celebrates entrepreneurial achievement in Canada by identifying and amplifying the success of growth-minded, independent businesses in Canada.

“Any business leader seeking inspiration should look no further than the 448 businesses on this year’s Report on Business ranking of Canada’s Top Growing Companies,” says Phillip Crawley, Publisher and CEO of The Globe and Mail. “Their growth helps to make Canada a better place, and we are proud to bring their stories to our readers.”