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Parade Raises $12.7 Million for freight procurement matching

Parade introduced that it has raised $12.7 million in a Collection A financing spherical led by Menlo Ventures with participation from Greenhawk Capital, Jones Capital, The Home Fund and Oriza Ventures. Parade operates as a service and infrastructure supplier, offering instruments that permit freight brokers to find and e-book vans on-line with transportation corporations by making use of AI in North America.

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Ocean freight rates increased via the East Coast of North America (+1.4% week-on-week) and South Korea (+0.8%). Freight rates via the West Coast of North America (-1.3%) and Europe (-0.1%) decreased.

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