New York Stock Exchange TV recently spotlighted the technology-enabled logistics brokerage firm BATCH Freight as part of its Taking Stock series. BATCH is an online freight marketplace that connects shippers with carriers to move cargo. Its proprietary platform offers shippers the tools to book, manage, and track shipments in real time.
Meanwhile, carriers can schedule loads and get paid through the BATCH portal. Key features include visibility tracking, logistics optimization with artificial intelligence and machine learning, automated storage fee transactions, carbon monitoring, quoting, and more.
Taking Stock host Trinity Chavez sat down with BATCH CEO, Andrew Sobko, to discuss the firm’s past, present, and future plans in more detail.
Introducing BATCH
Backed by Sequoia and Brookfield, BATCH is focused on first-mile logistics in all major ports. CEO Sobko formed BATCH by a tri-party merger.
BATCH’s thesis is to build the most prominent tech-enabled digital wholesaler in the freight industry. It’s doing so by continuing to BATCH shipments designed for sale to small and medium-sized trucking companies. Most of BATCH’s current clients on the shipper side are NYSE-listed Fortune 500 companies.
BATCH’s Past 12 Months
BATCH CEO Andrew Sobko revealed to New York Stock Exchange TV’s Trinity Chavez how the firm had enjoyed a successful last 12 months despite the logistics industry suffering a significant overall downturn during the same period. Brookfield sponsored BATCH’s most recent transaction, while the firm has also been closely involved with Mucker Capital, Sequoia Capital, and Shea Ventures.
Sobko and his team recently saw the technology-enabled logistics brokerage complete two transformational acquisitions. These were acquisitions of Florida-based HTS and NEXT located in Long Beach, CA. According to the firm’s CEO, NEXT was one of the biggest existing technology platforms in his company’s space.
BATCH’s strategy now is to remain opportunistic and smart, he told Taking Stock’s Trinity Chavez. They’re doing so in no small part by combining ongoing mergers and acquisitions and investing heavily in AI and other technology.
Future of BATCH Freight
BATCH Freight has already invested over $200 million in its proprietary software. CEO Andrew Sobko and his team will continue to invest similarly heavily in technology, primarily focusing on artificial intelligence. The brokerage firm first invested in AI in 2018, making it among the first businesses in the logistics transportation world to do so.
BATCH is currently meeting with numerous significant investors and plans to meet with many more in 2024 and 2025. Under CEO Sobko, the organization aims to complete two more acquisitions before the end of this year.
Sobko and his team have also recently launched a roadshow focused on achieving more of the same success heading into 2025 and beyond. Head to BATCHFreight.com for further information. Meanwhile, tune into New York Stock Exchange TV exclusively at TV.NYSE.com for more from Trinity Chavez and Taking Stock.
