About Freight Rite
Freight Rite is a company based in Toledo (United States) founded in 2005 was acquired by USPack Logistics in August 2020.. Freight Rite operates in a competitive market with competitors including Landstar, XPO Logistics, PS Logistics, DACHSER and Worldwide Express, among others.
- Headquarter Toledo, United States
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
USPack Logistics
(Aug 24, 2020)
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Funding Insights of Freight Rite
| 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 Freight Rite
Freight Rite has secured backing from 1 investor. Prominent investors backing the company include USPack 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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Bonded courier and messenger service
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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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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Freight Rite
| 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 - Freight Rite
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Freight Rite Comparisons
Competitors of Freight Rite
Freight Rite 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 Landstar, XPO Logistics, PS Logistics, DACHSER and Worldwide Express, 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 |
Third-party logistics services including freight and warehousing are provided.
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| domain | founded_year | HQ Location |
Global freight transportation services and solutions are provided worldwide.
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| domain | founded_year | HQ Location |
Provider of truck transport services
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| domain | founded_year | HQ Location |
Road transportation services are provided by DACHSER across multiple regions.
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| domain | founded_year | HQ Location |
Road freight services including parcels, LTL, and FTL are provided.
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| domain | founded_year | HQ Location |
Offers warehousing and logistics services
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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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| domain | founded_year | HQ Location |
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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Frequently Asked Questions about Freight Rite
When was Freight Rite founded?
Freight Rite was founded in 2005.
Where is Freight Rite located?
Freight Rite is headquartered in Toledo, United States. It is registered at Toledo, Ohio, United States.
Who is the current CEO of Freight Rite?
Brian Beerbower is the current CEO of Freight Rite.
What does Freight Rite do?
Freight Rite was established in 2005 in Toledo, United States, within the logistics and transportation sector. Services encompassing logistics management, warehousing solutions, freight transportation, and home delivery are handled. Operations are centered in the United States, supporting various supply chain needs for clients. The company is led by CEO Brian Beerbower, with a focus on reliable fulfillment processes.
Who are the top competitors of Freight Rite?
Freight Rite's top competitors include Landstar, Worldwide Express and XPO Logistics.
Who are Freight Rite's investors?
Freight Rite has 1 investor. Key investors include USPack Logistics.