"We're growing our customers' wallets month over month over month. Some have compliance concerns or public emissions-reduction goals to meet. Some have an existing culture and reputation for sustainability that Flock Freight can help them further. Shippers, the companies that hire Flock Freight to orchestrate the movement of their goods, are increasingly concerned with emissions for varying reasons, Zaslansky said. Sustainability has been part of the company's mission since the beginning, Zaslansky said.īundling freight to ensure trucks don't haul empty space is the main part of that mission, but the offsets can give Flock Freight's customers a somewhat more tangible - and perhaps more marketable - option for communicating with customers and end-consumers. The company's goal is to offset 20,000 metric tons of carbon emissions in 2021.įlock Freight, which achieved B Corp certification in June, says its STL shipments are already up to 40% more emissions-efficient than traditional LTL loads.
#Flock freight series
The startup did not disclose the estimated price of the offsets for 2021, but it has raised a total of $184 million in funding, including a $113.5 million Series C round led by Softbank in December. They account for more than half of the freight that transacts through Flock Freight, according to a spokesperson. It's for these shipments that Flock Freight will be purchasing offsets for through.
#Flock freight full
Facilitating "shared" truckloads (STL), where shippers can put their freight together to hire full truckload service straight from origin to destination, offers shippers a better option, according to CEO and founder Oren Zaslansky. LTL shipments often take convoluted paths, with several stops along the way adding time and increasing the odds of cargo damage. The offsets will fund electric charging stations at truck stops to reduce engine idling.įlock Freight, a startup using technology to consolidate truck freight, is following up its $113.5 million Series C round in December with a move to make its hallmark "shared" truckload shipments carbon neutral - at no cost to customers.įounded in 2015, Flock Freight bundles shipments that don't fill a full truck, known as less-than-truckload (LTL), to fill a trailer.The startup raised $113.5 million from Softbank and others in December.Flock Freight will purchase carbon offsets for "shared-truckload" shipments in 2021.Ideally, we’d also like to keep finding locations that are near the train since we’ve found many of our employees are gravitating towards commuting to work via the train,” Lerner said.Account icon An icon in the shape of a person's head and shoulders. “We’re always looking at what’s available in North County, keeping in mind we want to be good neighbors. With new hiring expected, Flock Freight is also keeping its eye on other opportunities to expand its footprint in North County. With its new round of funding, the company says it will continue looking to expand by hiring 300 new employees, including some in Encinitas, which almost doubles its current number of employees across the country.įlock Freight occupies the former Nixon building on South Coast Highway in Encinitas but will expand into part of the former Whole Foods space nearby on Coast Highway in early December. That’s what we’re doing to keep the supply chain moving.” So what might take six to eight days to get delivered with an LTL (less-than-truckload) carrier, we can probably do it in four or five. “By doing that we’ve eliminated all of the additional opportunities for damage or lost freight and we’ve greatly impacted and improved speed of delivery.
“Then we just drive where we need to go in reverse order from pickup,” Lerner said. Using its algorithm, Flock Freight can pool similar freight shipments for delivery in a more efficient manner while filling a truck with freight. “In the world of supply chain, especially considering all of the challenges we’re facing now, that can complicate supply chain because materials go lost and missing, things get damaged in transit and it is not the most direct route,” Lerner said.
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