Virtual freight-forwarder gets financing

Palo Alto, CA-based Technology Crossover Ventures (TCV), a venture capital firm, has invested $15 million in virtual freight-forwarder Integres, which offers one-stop door-to-door shipment of expedited heavy freight. Integres has developed a global network of transportation service providers that is enhanced by strategic partnerships, with American Airlines, United Airlines, US Airways, Roadway Corporation,

Sean Kilcarr

Jan. 14, 2002

Integres has developed a global network of transportation service providers that is enhanced by strategic partnerships, with American Airlines, United Airlines, US Airways, Roadway Corporation, and UTi Worldwide. The network provides Integres with highly competitive rates, preferred access to capacity, established distribution channels and, in many cases, revenue commitments.

TCV said that the $50-billion expedited domestic and international heavy-freight market remains "fragmented," which provides firms like Integras with an opportunity to build market share and profitability.

About the Author

Sean Kilcarr

Editor in Chief

Sean Kilcarr is a former longtime FleetOwner senior editor who wrote for the publication from 2000 to 2018. He served as editor-in-chief from 2017 to 2018.