uShip lands $25m investment from DB Schenker as trucking platform launches

© Taina Sohlmanm_DB Schenker truck 80728028

© Taina Sohlman

By Alex Lennane

16/02/2017

DB Schenker is investing in technology. While last year it announced a five-year agreement with online shipping marketplace uShip; this year it is putting its money where its mouth is by investing $25m into the company. uShip is also a freight automation software provider, which has raised $50m so far. Its Drive4Schenker platform launched this month in Germany and will roll out through Europe, “optimising management of 5,000 loads a day with 30,000 DB Schenker transport providers”.

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Topics

DB Schenker uShip DSV Kuehne + Nagel M&A radar

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