Backed by Sequoia and Brookfield, BATCH Freight is a tech-enabled brokerage firm focused on first-mile logistics in all major ports. Andrew Sobko, the firm’s CEO, was recently featured on an episode of Taking Stock with Trinity Chavez on NYSE TV. The pair discussed how BATCH is successfully streamlining global supply chains, beating the logistics industry downcycle, investing in AI, and more.
Sobko opened the episode by explaining to Chavez how he formed BATCH via a tri-party merger. The tech-enabled logistics brokerage firm’s CEO originally founded the Chicago-based supply chain solutions company CDL, which quickly became the fastest-growing operator in its space.
Under CEO Sobko, BATCH and its team are now committed to becoming the largest digital wholesaler in the freight industry.
Customer and Investor Relations
BATCH is squarely tech-enabled. It primarily segments shipments for sale to trucking companies of various sizes on behalf of its clients. Asked by NYSE TV host and Taking Stock presenter Trinity Chavez who these clients are, the firm’s CEO revealed that most are blue-chip, NYSE-listed, Fortune 500 companies, including Walmart and Kroger.
Investor-base-wise, BATCH’s last transaction was sponsored by Brookfield. CEO Andrew Sobko explained to Taking Stock how Brookfield has been a tremendous partner to BATCH. The firm has also been closely involved with Sequoia Capital, Mucker Capital, Shea Ventures, and UIT.
Successful Mergers and Acquisitions
Appearing on NYSE TV’s Taking Stock, BATCH CEO Andrew Sobko made no bones about the fact that the logistics industry has suffered a significant downcycle over the past 18 months.
However, tech-enabled brokerage firm BATCH’s strategy involves being opportunistic and smart. Committed to building the largest digital wholesaler in the freight industry, the organization is focused on strategically adding density through mergers and acquisitions.
In the past year, BATCH has completed two transformational acquisitions. The first involved the purchase of HTS in Jacksonville, Florida. The second was NEXT – among the largest pre-existing tech platforms in the firm’s space.
AI and the Future
BATCH has already invested over $200 million in its proprietary technology. CEO Sobko told Taking Stock that the firm was likely one of the first companies in the transportation logistics world to build proprietary software utilizing artificial intelligence.
He and his team began developing AI-based software in 2018. Today, BATCH remains at the cutting edge of technology within its sector and plans to continue investing heavily in AI moving forward.
Elsewhere, BATCH recently launched a roadshow and is scheduled to continue meeting with an ever-growing roster of high-profile and other significant investors to raise additional funds. Moreover, by the end of the year, the company aims to have completed at least two more transformational acquisitions.
Tune into Trinity Chavez and Taking Stock free via NYSE TV at TV.NYSE.com. For more from Andrew Sobko and BATCH, visit BATCHFreight.com.
