We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • ::COVID-19 COVERAGE::
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2022
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2022
    • Upload Your Video
Home » Dray Alliance raises $10.2 million in funding round
newsworthy

Dray Alliance raises $10.2 million in funding round

Dray alliance
February 26, 2020
DC Velocity Staff
No Comments

Drayage startup Dray Alliance has raised $10.2 million in Series A funding led by Matrix Partners, the company said today. Ex-Uber syndicate Moving Capital also participated in the round, along with previous investors Craft Ventures, Act One Ventures, and Wonder Ventures. 

Dray Alliance is a digital drayage marketplace that connects shippers and truckers for short-range delivery of shipping containers between ports and logistics centers. The company will use the latest funding to increase automation in its products and to expand hiring in sales, engineering, and operations, company leaders said.

"The rise of e-commerce—accelerated by Amazon Prime—is forcing the logistics industry to a reckoning," Jake Jolis, a partner with Matrix Partners, said in a statement announcing the investment. "In an age of hyper-competition and ever-rising expectations on delivery time and reliability, every inch of the logistics supply chain matters. We have seen the rise of digitally enabled ocean freight forwarding and long-haul trucking, yet port logistics—a $50 billion market—has been stubbornly stuck. Drayage has remained the last bastion of extremely manual, paper-based, and inefficient processes in logistics. Dray is perfectly positioned to take advantage of this seismic opportunity."

Dray's technology solutions include a web application for shippers and a mobile app for drivers that automate and simplify drayage transactions. The company works with more than 50 enterprise customers, including containership liners Maersk, CMA-CGM, and APL, along with major importers, freight-forwarders, and third-party logistics providers (3PLs), according to the company.

Dray Alliance also announced the hiring of Sammi Liu as COO and Lauren Roberts as vice president of sales. Liu has worked in operations and logistics for Uber and was general manager of Los Angeles-based logistics service Shyp, and is now one of the first female COOs to lead the trucking industry, the company said. Roberts was previously with industrial Internet-of-Things (IoT) firm Samsara, and has also held senior sales positions at technology firms Indeni and Cisco. 

Transportation Supply Chain Services Maritime & Ocean Transportation 3PL Customs Processing Global Logistics
KEYWORDS Dray Alliance
  • Related Articles

    Port of Savannah adds ship-to-shore cranes

    Dray Alliance to Transform Container Shipping at US Ports with $40 million Series B Funding

    Nuvocargo raises $5.3 million in funding round

Recent Articles by DC Velocity Staff

Airfreight operators host “open house” for college students

Convenience stores hop on “curbside pickup” bandwagon

Cargo volume down in Oakland

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Now's the time to be a logistics professional

  • Autonomous trucking firms launch partnerships with freight transportation providers

  • Demand for piece-picking robots gains steam

  • Report: Delivery expectations intensify

  • Empty shipping containers stack up at U.S. port depots

Now Playing on DCV-TV

74ffefae b5bd 4fd7 8d16 f1dae951010c

Cubework alleviates logistics challenges w/ flexible warehouse options

DCV-TV 4: Viewer Contributed
Cubework is the industry leader in on-demand warehouse, industrial and coworking spaces, and with industrial warehouse demand at all-time highs, is the go-to solution for e-commerce and 3PL firms seeking affordable, quick and convenient logistics space. Cubework offers flexible leases ranging from month-to-month...

FEATURED WHITE PAPERS

  • Guide to Proven Warehouse Solutions

  • Five common misconceptions about running a private fleet

  • Optimize AS/RS With Advanced Warehouse Execution Software

  • The Value of Genuine Parts and Service

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2022. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing