The Loadstar Podcast | September 2021 | Episode 5: Longer contracts, larger shippers, higher rates
In Episode 5 of The Loadstar Podcast, Mike King is joined by The Loadstar’s shipping ...
It will no doubt cause the odd whine in the industry, but ‘digital’ freight forwarder Forto has raised another $50m in funding, while Maersk has “significantly” expanded its investment, reports TechCrunch.
Forto, formerly FreightHub, was founded in 2016 as a “one-stop shop” that covers the entire process chain from quotes to booking, document management, track and trace and data analytics. It has raised $103m since it launched.
Forto said it would use the funding to add services and expand its European and Asian operations. It claimed volumes had increased 300%, year on year.