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Technology-first logistics service providers (LSPs) entered the supply chain industry to automate mundane tasks typical at traditional third-party logistics providers, including carrier load
matching and pricing. Now tech-enabled LSPs are raising the stakes, not just using technology to create operational efficiencies but leveraging a tech-focused workforce to build
value-driven integrations for shippers looking to optimize their specialized marketplaces. An example of this is a partnership announced Wednesday between logistics technology platform
Loadsmart and natural stone marketplace StoneLoads. BIRTH OF A NATURAL STONE MARKETPLACE StoneLoads came about because of a fragmented, inefficient market. Prior to building StoneLoads, as
a partner at private equity firm Alderman Holdings, Patrick Wells purchased and became chief executive officer of Chattanooga, Tennessee-based Majestic Stone. Wells told FreightWaves he soon
noticed the substantial amount of waste within the processes of buying and selling natural stone. TO CONTINUE READING THIS ARTICLE... ALREADY HAVE AN ACCOUNT? SIGN IN CREATE A FREE ACCOUNT
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