Deutsche Bahn’s freight wing DB Schenker took a minority stake of $ 25 million in uShip, after signing a five-year deal with the US online freight market last year.
DB Schenker uses the software from the uShip platform to run its own “Drive4Schenker” (D4S) online service, which matches drivers and freight. The service launched in Germany earlier this month and is being rolled out across Europe. It handles 5,000 loads per day with 30,000 DB Schenker hauliers.
Earlier this month, ‘Drive4Schenker’ was launched in Germany and will continue to roll out across Europe, optimizing the handling of 5,000 loads per day with 30,000 DB Schenker transport providers.
“Expanding our successful partnership will speed up and streamline transport management and help us, as the European land transport market leader, manage even larger freight volumes,” said Jochen Thewes, CEO of Schenker.
“We also intend to rapidly develop and exploit new growth opportunities outside of our traditional business models. This is our biggest stake in a digital company to date and it shows how serious we are about innovation at DB Schenker. We are investing to shape the future of digital logistics.
New CEO at uShip
Earlier this month, uShip appointed Mike Williams as CEO and board member. Williams is a veteran of enterprise software and left Accruent, the facilities management software provider, where he was general manager of corporate real estate services.
“What the uShip team has built to date around key products and landmark partnerships has placed it on the verge of explosive growth, particularly in its enterprise and SME segments,” said Williams, who takes his duties on February 13.
“There is a tremendous opportunity to generate more value for our current customers and market partners as the logistics industry navigates a new wave of transformation, driven in part by the experience and technology of the online marketplace. uShip. “
The company is based in Austin, Texas, with a European headquarters in Amsterdam.