DrayNow Expands to New York and New Jersey
Intermodal industry-leading technology platform continues rapid growth with a move into one of the nation’s largest intermodal markets.
Philadelphia, PA. (Business Wire – December 10, 2018) – DrayNow, the first real-time Intermodal marketplace transforming the way freight connects with available Intermodal carriers, today announced its expansion into New Jersey and greater New York market. Coming quickly on the heels of the company’s expansion into Texas and Southern California in August, the company continues to transform the Intermodal landscape.
“Based on how quickly we’ve been able to service Dallas and Los Angeles, we’re confident we’ll see strong adoption of the DrayNow platform in the north Jersey area. We have strong commitments from our carrier partners, and we are ready for the first day of operations.” said Mike Albert, founder and CEO of DrayNow. “Our recent growth and expansion further validates the industry’s need for technology to drive transparency and efficiency for both carriers and brokers.”
With financial and strategic support from investors Comcast Ventures and Osage Venture Partners, DrayNow has been able to accelerate both geographic expansion and hiring. The company ramped up its hiring efforts substantially, focused on acquiring top talent ready to provide experienced, hands-on support to brokers and carriers.
The intermodal sector, much like the rest of the trucking industry, is facing a well-documented crunch on carrier availability, opening the door for DrayNow’s load-matching efficiency and incremental capacity. "We've heard from our growing base of customers that our tool enables them to quickly tap into our additional pool of carriers,” said Drew Holland, DrayNow’s Vice President of Strategy and Operations. “And our value proposition of adding convenience and transparency to instantly and easily access well-paying local freight has resonated with motor carriers, allowing us to scale quickly.”
DrayNow provides technology-driven solutions and operational acuity to the intermodal freight industry. Led by industry veterans, the company operates the first intermodal marketplace connecting brokers to available carriers. The DrayNow Marketplace is accessed by Third-Party Logistics (3PLs), Intermodal Marketing Companies (IMCs), and brokers through a desktop interface where users can view truck capacity in real-time, post loads, track load status and obtain electronic documents immediately. With DrayNow’s mobile application, truck drivers can get turnkey access to Intermodal freight, browse loads, compare rates and details, select loads, deliver loads and get paid faster.
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John Young, DrayNow