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Shipwell's sale of its brokerage arm to CloudTrucks allows the company to refocus on the core of its SaaS platform.
Shipwell, a Transportation Management System (TMS) platform founded by Greg Price and Jason Traff in 2016, just announced the sale of its brokerage division to CloudTrucks.
Why this Matters
Shipwell has been juggling two major roles with its operation as a TMS and running a freight brokerage, which might sound like playing on two different teams in the same game – complicated, right? This sale means Shipwell can now go full throttle on enhancing its SaaS platform, focusing on innovation and tech advancements without the conflict of interest. It's a smart move, clearing the deck so they can zero in on what they do best.
Now, we have CloudTrucks coming in to grab the brokerage baton from Shipwell.
About CloudTrucks:
For CloudTrucks, this is an opportunity to beef up its brokerage arm, setting the stage for further growth and expansion.
Source: Shipwell
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