uShip raises $25 million to fund logistics automation plan

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uShip, the online shipping marketplace and freight automation software provider, has closed a $25 million Series D round led by DB Schenker, one of the world’s largest logistics companies and an existing uShip partner.

DB Schenker’s funding comes on the heels of unprecedented investment in logistics and supply chain technology.

Since 2015, top pure-play logistics corporations have made 26 investments and/or acquisitions – totalling 13 each year – while logistics tech startups were on pace to raise $5 billion through over 300 deals in 2016, according to CB Insights.  Continue reading uShip raises $25 million to fund logistics automation plan