|Description||Global online transport marketplace|
|Series B, 10/2006 |
|Partial Close, 2/2011 ||$2M|
|Series C, 12/2012 |
Kleiner Perkins Caufield & Byers
|Series C, 3/2013 |
Kleiner Perkins Caufield & Byers
|Private Equity, 6/2013 ||$18.3M|
uShip is the world’s largest and most trusted transportation marketplace, primarily serving the freight, household goods and vehicle shipping markets. Consumers and businesses can compare and book upfront quotes, name their own price or receive auction-style bids from over 325,000 customer-reviewed Transportation Service Providers, ranging from independent owner-operators to the largest freight carriers and brokers.
After reviewing published shipping rates and the uShip Shipping Price Estimator™ (based on proprietary freight data), customers can enjoy significant savings by naming their own price and posting their shipment on uShip. When carriers have empty space in their trucks or an empty backhaul, they use uShip to fill it at deeply discounted rates. Our advanced search tools and mobile apps allow truckers to find loads nearby and along their routes.
Our advanced search tools and mobile app allow truckers to find loads nearby and along their routes. Launched in 2004, Austin, Texas-based uShip operates globally with localized sites in 18 countries and regions on five continents, including North America, Europe, South America, India and Australia.
uShip is a privately-held company of 110 employees based in Austin, Texas, and Amsterdam, the Netherlands.
Through 2011, the uShip marketplace has helped transporters earn $300 million while attracting 2 million listings and 325,000 service providers who have placed 6 million bids. In 2011, $1.4B in goods were shipped through the uShip marketplace.
uShip for Shipping Customers:
uShip makes it easy to get in touch with thousands of shipping and moving companies making it simple and affordable to ship or move anything. Companies bid for business and drive down prices allowing customers to decide on carrier based on feedback and unbiased customer reviews.
Our customer-reviews system allows our users to make informed decisions when selecting a transporter. uShip customer satisfaction rates at 98% overall and people save an average of 50% over commercial rates.
uShip for Carriers:
uShip gives shipping and moving companies free and immediate access to transport jobs – carriers only pay a transaction fee on jobs they complete. With thousands of shipments listed and available on any given day, owner-operators and large freight carriers alike have an equal opportunity to bid on jobs that suit their needs and routes. Through uShip, service providers can fill excess capacity or find profitable backhauls that help maximize their business and time on the road. uShip also gives service providers free tools to help them establish and build their online business reputation through its feedback system and customer reviews.
uShip for Brokers: uShip’s PRO exchange platform allows frequent shippers and transportation brokers to leverage uShip’s leading exchange technology to build and manage their own freight exchange. PRO users invite their existing carriers to join their private networks, post freight out to their approved and monitored carrier network, assign loads directly to carriers and track status in real time from dispatch to delivery.
Fully integrated with uShip’s public network, PRO users can also post publicly to find new carriers when their own network is unable to cover a load. The PRO exchange platform is designed to complement your existing TMS and provides a single web and mobile interface for carriers to interact with all of their customers.
History of uShip:
In many ways, uShip.com was born in the back of a rented moving van. As CEO and Founder Matt Chasen was moving from Seattle to Texas, his mother had been struggling to move a dresser from Ohio to Texas. When Matt arrived to pick up the 9-foot van he ordered, it was sold out, leaving him with a 20-foot truck. As he drove the virtually empty truck to Texas, he wondered if there may be someone in a similar situation in Ohio with enough room to bring home his mother’s dresser. Matt continued to tinker with the idea over the coming year, and when he arrived at the University of Texas, he eventually joined with fellow business school students Jay Manickam and Mickey Millsap. The three further developed the business plan to take advantage of all these empty trucks to make shipping more affordable. In its first five years, more than 800,000 shipments were listed on uShip, and at any given time between $10-13 million in transport jobs are available on its marketplace.
How uShip WorksAdded: 11/2/12
uShip’s Parody of The Social Network movie trailerAdded: 11/2/12
A&E Promo Trailer of “Shipping Wars,” featuring uShipAdded: 11/2/12
How Ship Happens at uShip.comAdded: 11/2/12
CNBC Profile of uShipAdded: 11/29/12
|Launch Date||January 1, 2008|