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DrayNow
The industry's first on-demand marketplace connecting carriers with intermodal freight
About DrayNow
DrayNow operates as a pioneering real-time marketplace that connects intermodal freight with carriers, leveraging proprietary freight matching technology to streamline logistics. The platform primarily serves intermodal marketing companies (IMCs) and carriers, offering a seamless and efficient way to move freight. DrayNow's business model revolves around facilitating transactions between freight owners and carriers, earning revenue through transaction fees. The company enhances operational efficiency by allowing carriers to find and compare loads via the DrayNow App, ensuring they can choose the most suitable jobs and get paid promptly. This approach not only simplifies the freight matching process but also helps carriers haul close to home, reducing deadhead miles and increasing profitability. DrayNow operates in the logistics and transportation market, focusing on the intermodal segment, which involves the transportation of freight in an intermodal container using multiple modes of transportation, such as rail, ship, and truck. By addressing the complexities of intermodal logistics, DrayNow provides a valuable service that enhances the efficiency and capacity of freight movement.
Source: Dealroom company dataAt a glance
- Founded
- 2017
- Headquarters
- Philadelphia, United States
- Sector
- Transportation
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed1 investor entered at this stage
Genacast Ventures
Series A3 investors entered at this stage
Comcast Ventures
Osage Venture Partners
Norfolk Southern
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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