About NEXT Trucking
NEXT Trucking provides a logistics solution that combines a freight marketplace with its own fleet of drivers and partnerships. The company offers services such as Drayage, OTR trucking, and transloading, catering to shippers, carriers, and dispatchers. By utilizing a tech-enabled platform, NEXT connects shippers with carriers efficiently, reducing costs and time in cargo movement. This approach sets NEXT apart from competitors by focusing on operational efficiency and strategic partnerships. The goal of NEXT Trucking is to optimize the transportation of goods, enhancing the profitability and growth of its clients in the logistics industry.
El Segundo, CaliforniaHeadquarters
2015Year Founded
$120.9MTotal Funding
SERIES_CCompany Stage
Automotive & Transportation, Enterprise SoftwareIndustries
201-500Employees
Risks
Increased competition from digital freight brokers like Uber Freight pressures market share.
Acquisition by CDL 1000 may lead to integration challenges and service disruptions.
Complexity of drayage logistics could pose operational challenges and increase costs.
Differentiation
NEXT Trucking integrates a freight marketplace with its own fleet and partnerships.
The company offers a comprehensive suite of services including drayage, OTR, and transloading.
NEXT's tech-enabled platform efficiently connects shippers with carriers, reducing time and costs.
Upsides
Integration of AI enhances predictive analytics for supply chain optimization.
Electric and autonomous trucks offer potential cost savings and efficiency improvements.
Blockchain technology improves transparency and traceability in logistics.
Funding
Total raised$120.87 M
Latest valuation$485.00 M
StageSERIES_C
SERIES C
12/31/2018$97
$485.00 MSERIES B
12/31/2017$21
$105.00 MSERIES A
2/28/2017$5
$25.00 MSEED
1/31/2016$1
$5.50 M