Sennder joins forces with Everoad with aim of achieving €1 billion in revenues
The strategic alliance is the foundation to build Europe’s largest digital road freight forwarding platform to facilitate the relationship between shippers and carriers.
Their proprietary technology connects large enterprise companies with small trucking firms and will help freight logistics reduce its environmental impact and set the agenda for a sustainable industry.
Succeed as a team
Since its foundation in 2015, sennder has strived to revolutionise the world of freight transport in Europe.
By joining the ranks with its French counterpart, Everoad, they will further expand their geographic growth journey with local presences across all major logistics and transport hubs.
With offices across six countries, Europe's two largest digital freight forwarders, lead the way in digital logistics and transportation completing over 35,000 loads per month.
sennder and newly formed Everoad by sender now have a 350-people strong team and an extensive network of 10,000 carrier partners and large enterprise customers.
Berlin-based sennder and Everoad by sender have raised over €120 million from leading investors including Accel and Lakestar to consolidate the trucking market.
Contributing to an impactful ecosystem
With the road freight market valued at nearly €400 billion in Europe, sennder and Everoad by sender aim to achieve revenues of €1 billion by 2024. To reach this ambitious target, the two freight logistics specialists will pool their technology and know-how to optimize all the stages of the supply chain.
Their digital solution, which is aimed at both carriers and shippers, reduces inefficiencies in the shipping process and allows both reduced costs for shippers and increased revenue for carriers.
Mobilising technology for the environment
Trucks represent 6% of the European Union’s total CO2 emissions. Digital freight forwarders will, therefore, have a strategic role in reducing carbon emissions in the sector, starting with the reduction of ‘empty miles’ (20% of the kilometers travelled).
To meet this challenge, sennder and Everoad by sender will harness technologies - algorithms based on machine learning - to optimise capacity allocation and continue to offer greener services, as well as carbon offsetting with strategic partners to carriers and shippers.
David Nothacker, CEO and Co-Founder of sennder, says: “With Everoad, we share a vision, DNA and common goals.
“In the midst of this international crisis caused by COVID-19, road freight has demonstrated its inimitable, strategic role in transporting essential goods. It now makes more sense than ever to join forces and integrate Everoad into the sennder group. In that way, we can jointly invest resources and know how to tackle the new challenges and opportunities emerging out of the crisis.”
Maxime Legardez, CEO and Founder of Everoad, added: “Our objective was the same: to create a European industry champion within the freight forwarding and logistics industry. By merging with sennder, we achieved this target and can also contribute to reducing the environmental impact of the industry. By becoming Everoad by sennder, we will share our expertise and experience acquired over more than four years of a pan-European vision.”
As a data-based company, sennder contributes to a fit for the future logistics industry and ensures transparency and efficiency within the procurement and distribution of cargo.
sennder manages over 7,500 trucks across Europe with a 350-people strong team. Through their in-house developed technology, sennder primarily focuses on route optimisation and reducing empty load kilometers and downtimes.
sennder is backed by Accel, Lakestar, HV Holtzbrinck, Project A, Next47, SCG, Perpetual and GR Capital.