CEO
Eliminating inefficiency in the freight industry through algorithmic pooling
Oren Zaslansky
San Diego
2015
Flock Freight operates in the $40b LTL freight industry. Traditionally, LTL shipments are picked up by a local truck and brought to a regional hub, unloaded, stored and reloaded onto a long-haul truck to another hub, where they’re unloaded, stored and reloaded onto a local truck for final delivery. It’s expensive and fraught with problems. Flock Freight uses optimization algorithms to pre-bundle loads going in the same general direction and skips the hub and spoke model altogether. The bundled loads can be sold at LTL prices but paid for at FTL (Full Truckload) rates. The idea is simple, but the execution is technically challenging and requires a large volume of shipments. The company now ships hundreds of millions of dollars in freight.
Oren Zaslansky
San Diego
2015
Flock Freight operates in the $40b LTL freight industry. Traditionally, LTL shipments are picked up by a local truck and brought to a regional hub, unloaded, stored and reloaded onto a long-haul truck to another hub, where they’re unloaded, stored and reloaded onto a local truck for final delivery. It’s expensive and fraught with problems. Flock Freight uses optimization algorithms to pre-bundle loads going in the same general direction and skips the hub and spoke model altogether. The bundled loads can be sold at LTL prices but paid for at FTL (Full Truckload) rates. The idea is simple, but the execution is technically challenging and requires a large volume of shipments. The company now ships hundreds of millions of dollars in freight.
