Warp Logistics: Mastering Middle Mile Freight
Daniel Sokolovsky and Troy Lester on why the middle mile has the most potential.
Middle-mile shipping consists of transporting goods from a port, warehouse, or distribution center into a fulfillment center.
Warp created the tools to bring it all together.
Keeping freight moving throughout its journey is critical to reducing a shipper’s freight cost per mile. Using the right LTL (less than truckload) carrier for middle-mile shipping—that stage of the journey where goods travel between two facilities for temporary storage before final delivery—can reduce the amount of time shipments are en route.
In recent years, the middle mile has been lucrative for shippers and freight companies, which have been the beneficiaries of exponential e-commerce growth. According to the US Census Bureau, during Q2 2016, e-commerce was responsible for 7.5% of all retail sales, not seasonally adjusted, bringing in more than $91 billion. Fast forward to Q2 2021, that number is 12.5%, representing just over $211.7 billion. With numbers like this, shippers and transportation providers cannot afford to miss out on this lucrative opportunity.
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Optimizing every shipment every time.
Warp is building a fully connected end to end, middle mile logistics platform. The company provides LTL (less than truckload) consolidation and optimization, crossdock hardware and software, and carrier tools and micro services to shippers, via the crossdock operators.
FOUNDERS:
→ Daniel Sokolovsky
→ Troy Lester
LAST FUNDING STAGE:
Seed
VECTOR:
Machine to Machine Learning
$6M
Funding to Date
Daniel Sokolovsky and Troy Lester
Founder
Now shippers, regular e-commerce businesses, even non-e-commerce businesses, they’re thinking about things like speedy delivery, traceability, reliability of your service offering, transparent pricing, flat rate pricing, easy to interpret invoicing — all of those different things that we can offer as a new age tech/logistics company.-Daniel
Daniel Sokolovsky and Troy Lester have done this before.