SANTA TERESA, NM NOVEMBER 27, 2014
FreeFreightSearch.com is the world’s largest FREE transportation load board. “Load boards are Internet sites where trucking companies search for loads and post their trucks, facilitating matching parties with freight with motor carriers with trucks available nearby”, explains Furman.
Interstate originally formed FreeFreightSearch.com as CheckFreightBroker.com in 2009 when the company was marketed as a free site where trucking companies could obtain free credit reports on freight shippers and brokers. In 2010, the company expanded into freight matching, an industry that Furman estimates is a multi-hundred-million-dollar-per-year industry. In 2013, the company was re-branded to better identify FreeFreightSeach.com as a freight matching site. The site still provides free credit reports for trucking companies, but load posting is its main draw.
Since 2010, FreeFreightSearch.com has posted over 60 million truckloads of freight, allowing more than 30,000 its members to search for loads available across North America. FreeFreightSearch.com adds over 1,000 new members every month, an annual increase of over 100%, and projects enrolling over 50,000 total members by year end 2015.
FreeFreightSearch is currently in discussion with two national organizations to become major site sponsors. A deal with either of the prospective site sponsors would more than quadruple FreeFreightSearch.com’s revenue in 2015. “We cannot comment about the identity of possible site sponsors until a contract is executed,” Furman added. An announcement is expected by January 2015.
The Interstate Capital Group of Companies is a leading marketer of accounts receivable and freight bill factoring, fuel cards, freight matching, freight broker credit reports, property broker bonds, fuel advances, truck and trailer financing, freight brokerage and freight payable auction management services. Founded in 1993, Interstate Capital has provided $ billions of funding for over 5,000 motor carriers and other small businesses in the U.S., Canada, and Mexico. Interstate Capital, which celebrates its 22nd anniversary in 2015, projects to purchase in excess of $1 billion of receivables next fiscal year. Interstate is one of the largest privately-held, non-bank transportation factoring companies in North America. For more information, contact Cindy Graff Cohen, Director of Communications, Interstate Capital Group of Companies, at (800) 422-5995.