FreightWaves Announces FreightTech 25 2023 Winners

CHATTANOOGA, Tenn. – FreightWaves announced the winners of its fifth annual FreightTech 25 Awards on the third and final day of the F3: Future of Freight Festival.

In the 2023 list, the main prizes and the new names were mixed. Issues 1-7 have been recognized for the fifth consecutive year, meaning they have made their way into the FreightTech 25 every year since 2018, when the series was founded. Another 10 have now qualified for the first time.

FreightWaves Founder and CEO Craig Fuller presented the awards Thursday morning along with the company’s Chief Meteorologist, Kaylee Nix. To begin, Fuller looked back at the early days of the FreightTech line.

“You think when we started doing this in 2018, companies like FourKites and project44 were a lot smaller, and we’ve seen them really climb to the top of the leaderboard over the past two years,” Fuller said.

In fact, global viewability provider project44 ranked #1 this year and has never dropped below #2. Last year, the company knocked out Amazon Freight from #1 after landing at #2 in 2019. and 21 Amazon Freight ranked sixth this year.

Companies recognized in the FreightTech 25 are recognized as the most innovative and disruptive in freight technology. They are selected each year from the FreightTech 100 by a select group of CEOs, industry leaders and investors actively investing in freight transportation (Click here to view the list of voters).

The methodology used to determine the FreightTech 25 is a simple scoring system based on each voter’s ranking of the most innovative and/or disruptive companies in the industry. A company receives 25 points for each first place finisher, 24 for second place finisher, and so on up to the 25th company that gets a point. Rankings are created by listing each company’s total score from highest to lowest.

The mathematical formula is the same used for the USA Today Sports Football Coaches Poll, The Associated Press Pro32 rankings and the AP Top 25 rankings for men’s and women’s college basketball.


A data visualization by Flourish


3 things you should know about number 1, project 44

McCandless (LinkedIn)

1. Jett McCandless, founder and CEO of project44, said he was “smiling from ear to ear” after hearing the results. McCandless said it is a test of his team’s ability to effectively allocate capital to build connective tissue for the supply chain. “We’re only 1% off our target,” he said.

2. In the first three years of FreightTech 25, the company was second only to Amazon/Amazon Freight. Project44 ousted Amazon Freight for the first time in the FreightTech 25 2022 and was #1 again this year. “There are a lot of great companies to compete with on this list,” McCandless said. “We will simply continue to create added value for our customers. I think the judges will respond to that.”

3. Project44 has been the #1 visibility company for five years.


2023 Freight Tech 25

This is the list of the FreightTech 25 companies of 2023, ranked by voting results. (Company descriptions come from Crunchbase, among others.)

1. Project44

Provider of an advanced supply chain visibility platform for carriers and external logistics companies.

2. Platform Science

An enterprise-class IoT fleet management platform for the new era of connected trucking, freight transportation and the digital supply chain.

3. Flexport

A full-service global transportation and logistics platform that uses modern software to improve the user experience in global trade.

4th convoy

The most powerful digital freight transport network in the country.

5. Four dragons

A supply chain visibility platform built for transportation yards, warehouses and stores.

6. Amazon Freight

Combine advanced technology with a network of 30,000+ Amazon trailers and carriers to move full truck loads.

7. JB hunt

A logistics management services company and integrated transport solutions for large companies.

8. Emerge

Web-based truckload management system that connects shippers and their partners in executing truckload transactions.

9. Kodiak Robotics

It develops autonomous technology for long-distance transport.

10. MyCarrier TMS

SaaS transportation management platform that allows SMBs to manage their transportation needs directly with their carriers.

11. Blue Over There

The leading provider of cloud-based retail forecasting applications.

12. Samsara

Cloud pioneer for connected operations.

13. Arrival Logistics

A logistics company with technology for truck loading.

14. Ryder system

A supply chain solutions company, specialized transportation and commercial fleet management.

15. About Freight

Logistics and supply chain management company that offers a mobile app that helps truckers connect with trucking companies.

16. TriumphPay

A payment processing platform for the transportation and supply chain industry.

17. Because

Technology developer for autonomous light and medium trucks for B2B short-haul logistics.

18. Live

It develops a hardware and software platform for tracking shipping conditions.

19. Locus Robotics

Warehouse robotics company that builds autonomous mobile robots to support e-commerce.

20. FedEx

It offers a wide portfolio of transportation, e-commerce and business services to customers and businesses around the world.

21. Lean solutions

A nearshore service provider focused on expanding and improving business.

22. Denim

A financial platform that offers intelligent financial products, trading tools and automation to save time.

23. Echo Global Logistics

A technology-enabled BPO service provider that meets its clients’ transportation and logistics needs.

24. Truckstop.com

A family of brands offering end-to-end solutions across different links in the supply chain.

25. Herd Freight

It uses algorithmic pooling technology to allow shippers with less than one truckload to share trailer space across a full truckload.

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