Supply Chain Council of European Union | Scceu.org
Freight

‘Digital’ forwarder Forto raises another $50m

dreamstime_s_55816195

© Flynt |

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.

Related posts

KUEHNE & NAGEL/ADR (OTCMKTS:KHNGY) Rating Increased to Hold at ValuEngine

scceu

ENORMOUS GROWTH IN SEA FREIGHT FORWARDING MARKET 2019 TO GARNER OVERWHELMING HIKE IN REVENUES AT 11.05% CAGR BY 2026 | LEADING KEY PLAYERS

scceu

Freight Futures weekly curve: 6/29

scceu

Leave a Comment