This is the goal of MVMNT, a Chicago-based FreightTech startup. MVMNT fall through and CEO Michael Colin drew from his logistics background and mania for fintech to create a freight management solution that addressed the many inefficiencies and pain points that hinder this industry. “ When booking a load, you ’ ve got your TMS open on one window, you ’ ve got your electronic mail open on another window, and then you ’ ve got a Chrome browser open with like 15 tabs, ” Colin said. In this emerging era of streamline freight engineering, using three monitors at once just isn ’ t the answer. “ It ’ s a exile management system, right ? You ’ re supposed to be able to manage all of your cargo in it, ” Colin explained. “ You shouldn ’ t have to use external, individual subscription-based software solutions built 15 years ago to do your speculate. ” From carrier procurement to price, load dispatching to making payments, MVMNT is the all-in-one freight management chopine that encapsulates what a thulium should be. “ We don ’ triiodothyronine charge for connections made on our platform, ” he said. “ We ’ rhenium not in the business of making decisions for our customers ; we ’ ra equitable in the business of helping facilitate those decisions and making them quicker and more effective. ”
MVMNT ’ s free-to-use model takes capital constraints out of the equality when it comes to choosing cargo management software. “ If you ’ re a small brokerage, not only do you have to think about making money but you besides have to think about cash stream, ” Colin said. “ Transportation ’ s an diligence where cash flow is fabulously significant. ” Colin stressed that cash flow goes beyond the books — it can better position companies to make a direct shock in the commercialize. “ Cash flow is not precisely an accounting function — by being able to pay your carriers cursorily, you drive stronger retention, get better rates and are more competitive in the market, ” said Colin. “ Our QuickPay-embedded finance solution brings the benefits of paying carriers immediately to small and medium-sized businesses that otherwise wouldn ’ t be able to. ” He described MVMNT as unlike other free-to-use products, many of which sacrifice quality for approachability. “ We in truth want to make certain that this international relations and security network ’ metric ton true for our platform, ” Colin said. “ The ability to build something very impregnable that solves end users ’ problems while besides being free — I think that ’ s a actually herculean combination. ” Colin founded MVMNT in reply to the challenges he faced at a big freight brokerage in Chicago. As then-director of commercial enterprise operations, he was frustrated with a number of engineering constraints that made things inefficient.
What MVMNT has created is a reverse-engineered TMS, dubbed TMS 2.0, one that Colin said he ’ d love to have used when he was in the trenches. The platform ’ south familiarity and chasteness among industry leaders has promptly led to its widespread adoption. In just two years, over 30,000 carriers have joined the platform. “ We ’ ve redefined what your thulium should be able to do and found a room to give it aside for absolve to everyone in the marketplace, ” Colin said. “ And unlike many startups trying to enter the space, we are building MVMNT from the inside out as diligence operators that believe in a potent command of operations via technology. ” Click for more FreightWaves message by Jack Glenn .