Our first business was one of the first SaaS companies in the logistics space. The company we started, now called One Network Enterprises
, continues to leverage the value of a network that is inherent in logistics to drive growth and recurring revenue. Orders, shipments, inventory and capacity are shared by trading partners. The more scale and visibility you build across a network, the more efficient the network runs. This concept was the basis of our original business plan.
With network key to value creation, we're now seeing the intersection of the 3PL/forwarder/broker/trucker and software company. A couple of examples include Flexport
. These companies are basically building freight forwarding and trucking services businesses that are powered by proprietary software. As a result, they are receiving software valuations on traditional logistics services revenue. What was once a freight forwarder's book of business is now a sexy high GMV
This opportunity is all over the place. If you have a successful business in the freight brokerage, forwarding, factoring, or other logistics services business — let's chat.