Disclosure certainty 3/5 debate potential 1/5

Flock Freight aims to automate 80% of supply transactions within 18 months

Oren Zaslansky · FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post · Nov 8, 2021 · at 13:57

Flock Freight CEO Oren Zaslansky details current supply-side carrier automation levels and internal targets.

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“It's only about 10% of the transactions on that end are really totally automated at this point. We want to take that number up. It's not going to be a hundred percent, but to 80 or 90%, and we want to do that in the next 12 to 18 months.”

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Assertion Not checkable as stated
Flock Freight projects 50% margins versus the industry average of 10-12%
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Prediction Not checkable as stated
Meaningful autonomous trucking will not arrive in the 2020s
“It's not going to happen in this decade in a meaningful way. We'll see the middle mile, which is, you know, like running down the freeway. We'll see robots. That being said, there'll be humans who are being paid to still be on board those trucks for many, many…”
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Disclosure
SoftBank offered up to $300M before Flock Freight reduced the check size
“SoftBank was about half of the check in this round. You know, we had another hundred million dollars come in on top of what SoftBank wrote. SoftBank wanted to write a much larger check, initially up to three hundred million. And from around construction standp…”
Oren Zaslansky Nov 8, 2021 ▶ 8:17 FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post
Prediction Not checkable as stated
Flock Freight is preparing for an IPO in two to three years
“This business is headed to the public markets. We're not yet ready to hire a banker. We're not yet ready to start talking to the exchanges. So it's, I wouldn't quite call us pre-IPO, but we're pre-pre-IPO, meaning find me people that can educate me on the stor…”
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Assertion Supported
Flock Freight's SoftBank round valued the company under $1 billion
“South of a billion dollar valuation.”
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Prediction Not checkable as stated
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“I don't personally think we're going to see another parcel carrier. Parcel would be like FedEx UPS start ground up like ever. I think what we'll see is, is Amazon come in and build the largest parcel carrier in the world, sort of from the side door or top down…”
Oren Zaslansky Jan 1, 2021 ▶ 18:10 FlockFreight Grows 400% YoY, 500k Pallets Shipped, Still Shy of $1b Valuation
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