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PARIS: April 29, 2019. Fretlink, the French proprietary digital platform that connects shippers with European trucking companies, has attracted a further investment of €25 million in a bid to raise its sales to €200 million by the end of 2020.

Fretlink employeesAdding to its initial Series A investor group are the Edenred Group, a worldwide provider of payment solutions for businesses and TIP, a major European supplier of semi-trailer rental, maintenance and repair solutions .

"The needs of supply chains have changed. So has technology. In the coming years, the automation and centralization of road freight operations will deeply change uses and, more broadly, the way the industry is organized and how its stakeholders collaborate,” explained Fretlink co-founder and CEO Paul Guillemin. "In addition, the current context is one of inadequate transportation capacity, which means the market is driven by supply, rather than demand.”

Founded three years ago, the company says it plans to hire 100 additional staff this year and open three new offices in Germany, Belgium and Poland.

With 80 employees (pictured), Fretlink reported turnover of €15 million in 2018 from matching 5,000 customers with the capacity of 200,000 trucks. Shippers include P&G, Candia (Groupe Sodiaal), AB InBev, Colas, Nestlé, Ferrero, Mars, Unilever, Casino and CHEP.

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