About Fastmore Logistics
Fastmore Logistics is a company based in Chicago (United States) founded in 2005 was acquired by Echo Global Logistics in November 2022.. Fastmore Logistics offers products and services including FastmoreFreight, Carrier Vetting, and Shipment Visibility. Fastmore Logistics operates in a competitive market with competitors including Flexport, sennder, Forto, Airspace and DB Schenker, among others.
- Headquarter Chicago, United States
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Sectors
Transportation, Automotive & Logistics
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Email
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Website
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Social
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Annual Revenue
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Employee Count
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Acquired by
Echo Global Logistics
(Nov 03, 2022)
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Products & Services of Fastmore Logistics
Fastmore Logistics offers a comprehensive portfolio of products and services, including FastmoreFreight, Carrier Vetting, and Shipment Visibility. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Self-service platform for quoting, booking, and tracking shipments
Technology for selecting and ranking carriers for freight needs
Aggregates sources for real-time shipment monitoring
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Funding Insights of Fastmore Logistics
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Fastmore Logistics
Fastmore Logistics has secured backing from 1 investor. Prominent investors backing the company include Echo Global Logistics. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Technology-enabled supply chain and transportation services are provided to enterprises.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Fastmore Logistics
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Fastmore Logistics
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Fastmore Logistics Comparisons
Competitors of Fastmore Logistics
Fastmore Logistics operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Flexport, sennder, Forto, Airspace and DB Schenker, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
End-to-end supply chain logistics platform and services are provided.
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| domain | founded_year | HQ Location |
Tech-enabled platform matches shippers and carriers for trucking loads.
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| domain | founded_year | HQ Location |
Tech-enabled freight forwarding services for multi-modal cargo transport are provided.
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| domain | founded_year | HQ Location |
Web-based cargo management solutions are offered for air logistics.
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| domain | founded_year | HQ Location |
Provider of integrated freight forwarding, logistics and supply chain management services
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| domain | founded_year | HQ Location |
Multi-modal freight forwarding services are provided via an AI-enabled platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Fastmore Logistics
Frequently Asked Questions about Fastmore Logistics
When was Fastmore Logistics founded?
Fastmore Logistics was founded in 2005.
Where is Fastmore Logistics located?
Fastmore Logistics is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Who is the current CEO of Fastmore Logistics?
Ray Sciuckas is the current CEO of Fastmore Logistics.
What does Fastmore Logistics do?
Fastmore Logistics was founded in 2005 and is headquartered in Chicago, United States. Operations are conducted in the freight transportation sector as an asset-light provider. Services encompass expedited freight, full truckload and less-than-truckload trucking, and intermodal forwarding for traditional and temperature-controlled cargo. These are facilitated through a network of partner carriers to support various shipping needs.
Who are the top competitors of Fastmore Logistics?
What products or services does Fastmore Logistics offer?
Fastmore Logistics offers FastmoreFreight, Carrier Vetting, and Shipment Visibility.
Who are Fastmore Logistics's investors?
Fastmore Logistics has 1 investor. Key investors include Echo Global Logistics.
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