The Logistics of Logistics Emerge Levels Up with Michael Leto
Michael Leto and Joe Lynch discuss Emerge levels up, a phrase used at Emerge to describe the company's rapid growth. Michael is the CEO of Emerge, one of the fastest-growing startups in the U.S. and is transforming the $800 billion transportation and logistics industry with its digital freight marketplace platform.
About Michael LetoMichael Leto, CEO of Emerge, has been in the transportation industry for over 21 years and played an active role in creating one of the largest and fastest-growing 3PLs in the country. He has been recognized as one of Arizona's "Top 35 Entrepreneurs 35 and Younger" by AZ Central, "40 Under 40" by Phoenix Business Journal, and creating a culture awarded "Best Places to Work". He has a proven track record of building and scaling successful e-commerce platforms and assimilating teams to drive results and execute strategic initiatives.
About EmergeEmerge, based in Scottsdale, AZ, is one of the fastest-growing startups in the U.S. and is transforming the $800 billion transportation and logistics industry with its digital freight marketplace platform. Emerge's award-winning marketplace provides access to direct capacity and live market conditions helping shippers and carriers make the strongest, most beneficial decisions when procuring domestic freight. Launched in 2017, Emerge is backed by Greycroft, New Road Capital, 9Yards Capital, and the founder of GlobalTranz.
Key Takeaways: Emerge Levels Up- Michael Leto is Co-CEO at Emerge, a company that is reinventing freight procurement (RFP).
- Based in Scottsdale, AZ, Emerge is one of the fastest-growing startups in the U.S. and is transforming the $800 billion transportation and logistics industry with its Digital Freight Marketplace platform. Emerge's award-winning marketplace provides access to direct capacity and live market conditions helping shippers and carriers make the strongest, most beneficial decisions when procuring domestic freight.
- In the podcast interview, Michael discuss recent developments at Emerge including:
- Emerge has closed a $130 million Series B funding round led by 9Yards Capital, Tiger Global Management and The Spruce House Partnership. Existing investors New Road Capital Partners and Greycroft also participated in the round.
- The company expects to run about $4 billion in freight through its system in 2021 and wants to scale to $15 billion next year.
- John Paul Hampstead of FreightWaves wrote a great article about Emerge's explosive growth and latest funding round.
- Emerge, the leading platform for freight procurement, has raised $130 million in a Series B funding round to expand product development and research while significantly scaling their enterprise sales efforts.
- Emerge welcomes George Abernathy as its new President. George George has more than 30 years of supply chain and transportation industry leadership experience with carrier, broker, and technology companies. George will help guide the company to the next level.
- Emerge uses a network model, which becomes increasingly valuable to users (carriers, shippers, agents) as it scales.
- Emerge is hiring: Emerge Careers
- Emerge also has a tremendous Agent Program
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