Next Trucking - About the company
Next Trucking is an acquired company based in Los Angeles (United States), founded in 2015 by Lidia Yan. It operates as a Tech-powered logistics platform connecting shippers and carriers for efficient freight movement. Next Trucking has raised $118M in funding from Sequoia Capital and Brookfield Asset Management, with last known valuation of $*****. The company has 268 active competitors, including 47 funded and 25 that have exited. Its top competitors include companies like Convoy, Uber Freight and Truckstop.com.
Company Details
Tech-powered logistics platform connecting shippers and carriers for efficient freight movement. The company redefines the drayage industry with its technology-driven solutions, offering a platform that matches shippers with available carrier capacity. It aims to deliver on-time, reliable, and cost-efficient freight services through automated solutions and smart matching of supply and demand. The company is committed to creating economic opportunity through intelligent, frictionless, and sustainable supply chains. It offers services like drayage, transloading, and OTR, and is focused on sustainability by reducing carbon emissions. The platform provides shippers with flexible capacity, accessorial management, and automation, while helping carriers earn more and keep their wheels moving. The company employs state-of-the-art technology to digitize the end-to-end journey of the container and uses data to drive better decisions.
- Website
- nexttrucking.com
- Email ID
- *****@nexttrucking.com
- Phone Number
- +1 **********
- Registered Address
- El Segundo, California
Key Metrics
Founded Year
2015
Location
Los Angeles, United States
Stage
Acquired
Total Funding
$118M in 2 rounds
Latest Funding Round
Last Known Valuation
$***** as on Jul 16, 2019
Investors
Ranked
19th among 268 active competitors
Employee Count
195 as on Jul 31, 2026
Exit Details
Acquired by CDL 1000 (Feb 12, 2024)
Legal entities associated with Next Trucking
Next Trucking is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
NEXT TRUCKING, INC. CIN: 814645546 , United States, Active | Dec 07, 2016 | - | 24 (As on Dec 31, 2024) | - |
Next Trucking's acquisition details
Next Trucking got acquired by CDL 1000 on Feb 12, 2024.
Click here to take a look at Next Trucking's acquisition in detail
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Next Trucking's funding and investors
Next Trucking has raised a total funding of $118M over 2 rounds. Its first funding round was on Jan 30, 2018. Its latest funding round was a Series C round on Jan 23, 2019 for $*****. 3 investors participated in its latest round. Next Trucking has 9 institutional investors.
Here is the list of recent funding rounds of Next Trucking:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jan 23, 2019 | 4682182 | Series C | 7883599 | 1652956 | 3382732 | 2002470 |
Jan 30, 2018 | 8335715 | Series B | 9703918 | 5183816 | 1590192 |
View details of Next Trucking's funding rounds and investors
Next Trucking's founders and board of directors
Founder? Claim ProfileThe founders of Next Trucking is Lidia Yan.
Here are the details of Next Trucking's key team members:
- Lidia Yan: Co-Founder of Next Trucking.
View details of Next Trucking's Founder profiles and Board Members
Next Trucking's employee count trend
Next Trucking has 195 employees as of Jul 26. Here is Next Trucking's employee count trend over the years:
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Next Trucking's Competitors and alternates
Top competitors of Next Trucking include Convoy, Uber Freight and Truckstop.com. Here is the list of Top 10 competitors of Next Trucking, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Convoy 2015, Seattle (United States), Acquired | Digital freight network platform for the trucking industry | $828M | 74/100 | |
2nd | Uber Freight 2017, San Francisco (United States), Series B | Provider of end-to-end logistics and transportation management system solutions | $2.78B | 74/100 | |
3rd | Truckstop.com 1995, New Plymouth (United States), Acquired | Online load board integrated with freight management functionalities | - | 68/100 | |
4th | Trucker Path 2013, San Francisco (United States), Acquired | Freight marketplace and assistance app for truckers | $21.5M | 68/100 | |
5th | Loadsmart 2014, New York City (United States), Series D | Online marketplace for booking trucking services | $384M | 67/100 | |
6th | uShip 2003, Austin (United States), Series D | Online marketplace connecting customers with carriers for large item transport | $54.4M | 67/100 | |
7th | Echo Global Logistics 2005, Chicago (United States), Acquired | Supply chain management serivces for enterprises | $17.3M | 67/100 | |
8th | RunBuggy 2016, Ontario (United States), Series B | Marketplace for car shippers and haulers | $71M | 67/100 | |
9th | Transfix 2012, New York City (United States), Series F | Provider of freight technology solutions for brokers and third-party logistics | $125M | 65/100 | |
10th | TrueNorth 2019, San Francisco (United States), Series B | Resource platform for new carriers in the trucking industry | $62.2M | 64/100 | |
19th | Next Trucking 2015, Los Angeles (United States), Acquired | Tech-powered logistics platform connecting shippers and carriers for efficient freight movement | $118M | 55/100 |
Looking for more details on Next Trucking's competitors? Click here to see the top ones
Next Trucking's Investments and acquisitions
Next Trucking has made no investments or acquisitions yet.
Reports related to Next Trucking
Here is the latest report on Next Trucking's sector:
News related to Next Trucking
•
NEXT Trucking Releases Expert Tools to Tackle Supply Chain ComplexityBenzinga•May 13, 2024•Next Trucking
•
Digital Freight Startup CDL 1000 Acquires Rival NEXT TruckingThe Wall Street Journal•Feb 12, 2024•CDL 1000, Next Trucking
•
FLG Partners Grows 60% and Appoints New Administrative PartnerGlobeNewswire•Jan 10, 2022•FLG PartnersFLG Partners, Next Trucking
•
•
Trucking company owner indicted in PPP loan fraud, Ponzi schemeFreightWaves•Jun 25, 2020•Next Trucking
•
NEXT Trucking Mitigates COVID-19 Challenges Across Supply ChainFleet News Daily•Apr 30, 2020•Next Trucking
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NEXT Trucking Reduces Drayage Fees With Chassis Management SolutionBusiness Wire•Dec 10, 2019•Next Trucking
•
NEXT Trucking Expands Drayage Marketplace After Successful Beta ProgramBusiness Wire•Nov 13, 2019•Next Trucking
•
NEXT Trucking expands drayage partnership with Port of Long BeachSupply Chain Dive•Jun 27, 2019•Next Trucking, Port of Long Beach
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