Flock Freight is the only certified B Corp in the freight industry
Oren Zaslansky · FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post · Nov 8, 2021 · at 16:12
Flock Freight founder Oren Zaslansky highlights the company's sustainability and mission orientation to Nathan Latka.
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“We're the only certified B Corp in freight.”
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More from Oren Zaslansky
Flock Freight projects 50% margins versus the industry average of 10-12%
“Then we have for freight, like 50% margin potential in an industry that supports like 10 to 12. So we have many times a higher margin potential than anybody ever in freight before because of this financial arbitrage that gets unlocked.”
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…”
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…”
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…”
Flock Freight's SoftBank round valued the company under $1 billion
“South of a billion dollar valuation.”
Amazon will build the world's largest parcel carrier, preventing new entrants
“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…”