sennder, European leader in the digitalization of road freight transport, has announced its merger with French freight tech company Everoad. The strategic alliance is the foundation to build Europe’s largest digital road freight forwarding platform to facilitate the relationship between shippers and carriers.
Their proprietary technology connects large enterprise companies with small trucking firms and will ultimately improve the image of freight logistics by reducing its environmental impact and set the agenda for a sustainable industry.
Since its foundation in 2015, sennder has strived to revolutionize the world of freight transport in Europe. By joining the ranks with its French counterpart, Everoad, they will further expand their geographic growth journey with local presences across all major logistics and transport hubs. With offices across six countries, Europe’s two largest digital freight forwarders, lead the way in digital logistics and transportation completing over 35,000 loads per month.
sennder and newly formed “Everoad by sennder” now have a 350 people strong team and an extensive network of 10,000 carrier partners and large enterprise customers. Since founding, Berlin-based sennder and “Everoad by sennder” have raised over EUR 120m from leading investors including Accel and Lakestar to consolidate the trucking market.
Contributing to an impactful ecosystem
With the road freight market valued at nearly EUR 400bn in Europe, sennder and “Everoad by sennder” aim to achieve revenues of EUR 1 billion by 2024. To reach this ambitious target, the two freight logistics specialists will pool their technology and know-how to optimize all the stages of the supply chain. Their digital solution, which is aimed at both carriers and shippers, reduces inefficiencies in the shipping process and allows both reduced costs for shippers and increased revenue for carriers.
Trucks represent 6% of the European Union’s total CO2 emissions. Digital freight forwarders will, therefore, have a strategic role in reducing carbon emissions in the sector, starting with the reduction of ‘empty miles’ (20% of the kilometers travelled). To meet this challenge, sennder and “Everoad by sennder” will harness technologies – algorithms based on machine learning – to optimize capacity allocation and continue to offer greener services, as well as carbon offsetting with strategic partners to carriers and shippers.