In the United States, much of commerce relies on moving goods on trucks to market. The way it works is a manufacturer calls a shipping broker with instructions like 'I need to get a load of beer to Dallas by Friday.' They agree on a price and the broker finds a trucker to deliver the goods. The financials can get complicated, and much of the work is still done by fax, phone and in spreadsheets. Mvmnt is trying to bring some more sophisticated technology to bear on the process, while providing a full set of freight brokerage services. Today, the Chicago-based startup announced a $20 million Series A. 'We're what's called a Transportation Management System (TMS).You could just think about that as enterprise software for managing freight, and so when I say freight, we're talking about domestic truckloads,' CEO and founder Michael Colin explained. The freight broker's job is to negotiate a price with the shipper and then one with the trucker, both at a price point that allows them to...
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