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drayalliance.com

Founded Year

2016

Stage

Incubator/Accelerator - II | Alive

Total Raised

$54.8M

About Dray Alliance

Dray Alliance is an asset-free drayage marketplace that connects shippers and truckers for short-range delivery of shipping containers between ports and distribution centers. It is driving reliability, transparency, and connectivity for containerized freight. Dray Alliance was founded in 2016 and is based in Long Beach, California.

Dray Alliance Headquarters Location

111 W Ocean, Ste 1000

Long Beach, California, 90802,

United States

(562) 367-4468

ESPs containing Dray Alliance

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTHMARKET STRENGTHLEADERHIGHFLIEROUTPERFORMERCHALLENGER
Transportation & Logistics / Supply Chain Tech

Digital freight marketplaces match shippers with available carriers (e.g., truck fleets) via online platforms. Effectively matching supply with demand helps avoid capacity constraints and bottlenecks, which are common in the highly fragmented trucking industry. These marketplaces are equipped with AI-driven data analytics that help improve freight matching arrangements by enhancing pricing transpa…

Dray Alliance named as Challenger among 14 other companies, including Convoy, Uber Freight, and 3Gtms.

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Research containing Dray Alliance

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Dray Alliance in 2 CB Insights research briefs, most recently on Sep 19, 2022.

Expert Collections containing Dray Alliance

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Dray Alliance is included in 2 Expert Collections, including Supply Chain & Logistics Tech.

S

Supply Chain & Logistics Tech

4,253 items

Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).

A

Auto & Mobility Tech

417 items

We define trucking tech broadly as companies developing technology-enabled services and products focused on the freight trucking industry, such as trucking-oriented marketplace platforms, fleet management solutions, and onboard monitoring and tracking systems.

Latest Dray Alliance News

Dray Alliance Enabling Chassis Availability to Reduce “Dry Runs”

Jul 28, 2022

Long Beach, California, UNITED STATES LONG BEACH, Calif., July 28, 2022 (GLOBE NEWSWIRE) -- Dray Alliance 's focus on dual transactions is resulting in more chassis availability for its driver network, and reducing “dry runs.” A dry run occurs in drayage when a chassis is unavailable for the driver to move a shipping container from a cargo ship, resulting in more delays for the shipment, incurring more fees for the shipper and negatively impacting a driver’s earning potential. In 1H 2022, 84% of Dray Alliance’s transactions at the ports of Los Angeles and Long Beach were dual transactions--returning an empty container and freeing up the corresponding chassis to be used for another load. Dray Alliance’s rate of dual transactions was 30% higher than averages reported by four terminals at Port of Long Beach and Port of Los Angeles, according to available data. “Dry runs cost everybody time and money, especially drivers” said Steve Wen, Co-Founder and CEO, Dray Alliance. “Dray Alliance leverages the strength of our carrier network to retrieve empty containers and get them and the chassis back into the terminal and back into circulation.” Data from the Pool of Pools , a congregate date list compiled by the three largest chassis providers in Southern California, shows that the average time a chassis sat at a local warehouse or rail ramp for a 40/45-foot container this week was 9.8 days near POLB and POLA Three days is standard for maintaining normal cargo flow. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/61840305-cfc1-4e6e-8add-c7a21103ebef “Chassis availability has continually been an issue since the middle of the pandemic,” continued Wen. “It’s like a chicken and egg scenario--drayage can’t move the containers without chassis, and chassis often stay with the containers until they’re unloaded. Our emphasis on dual transactions allows for carriers to get empty containers off of warehouse chassis and, in turn, use those to carry out full loads from the ports.” When a carrier selects a load on the Dray Alliance platform, drivers are then directed to pick up an empty container from a warehouse or yard, given a timeframe for port arrival and are more quickly moved through the queue at the terminal to receive a full container to dray out to a warehouse. The Dray Alliance platform enables carriers to be their own dispatchers -- displaying loads ready for pickup on the company’s mobile app and allowing drivers to select the load at their discretion. About Dray Alliance Dray Alliance is a venture-backed startup that is focused on building a container trucking platform to deliver shipping containers from ports to warehouses. Its technology connects container shippers with a network of vetted truck drivers through a mobile app. By leveraging API integrations with the ports and data from the mobile app, Dray Alliance’s platform allows container shippers to manage and track all container deliveries in a single web portal and make truckers more efficient. The company has raised a total of $55M in venture capital and working capital financing, and is already working with over one hundred enterprise customers, delivering thousands of containers a month. Steve Wen is the Co-founder and CEO of Dray Alliance, and was named to Forbes’ 2022 30 under 30 list. Please visit drayalliance.com for more information. Media Contact

Dray Alliance Web Traffic

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Dray Alliance Rank

  • When was Dray Alliance founded?

    Dray Alliance was founded in 2016.

  • Where is Dray Alliance's headquarters?

    Dray Alliance's headquarters is located at 111 W Ocean, Ste 1000, Long Beach.

  • What is Dray Alliance's latest funding round?

    Dray Alliance's latest funding round is Incubator/Accelerator - II.

  • How much did Dray Alliance raise?

    Dray Alliance raised a total of $54.8M.

  • Who are the investors of Dray Alliance?

    Investors of Dray Alliance include Plug and Play Accelerator, Craft Ventures, Matrix Partners, Harpoon Ventures, J.P. Morgan & Co. and 9 more.

  • Who are Dray Alliance's competitors?

    Competitors of Dray Alliance include Xeneta, Rivigo, Lori Systems, Zuum Transportation, Freightos, Convoy, Optimal Dynamics, Leaf Logistics, Parade, Kargo Technologies and 54 more.

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