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Fracht Group is an international freight forwarder with operations in 70 countries and over 140 offices worldwide. The company entered into a joint venture partnership with YLOAD, the Romanian start-up that created the first transport marketplace in Eastern Europe. Following the partnership, Fracht Group through Fracht Romania took over YLOAD’s shipping operations. The Romanian start-up will focus on the automation and digitalization of the logistics segment within Fracht Group in Eastern Europe, then globally.

Fracht Romania targets investments of approximately 10 million euros in Eastern Europe. The company started with Romania, the Republic of Moldova, Bulgaria, and continued with Serbia, Macedonia and other countries in the region. Also, Fracht Group aims for 100 million euros turnover in the region by the end of 2025.

YLOAD will begin the digitalization of transport operations. Initially in Eastern Europe and then globally, the new YLOAD Network platform is offering a suite of functionalities aimed at both transparency and optimization of transporter processes as well as easier management and cost efficiency of up to 30% for clients with transport needs. YLOAD Network digital platform offers customers the opportunity to monitor all land, air and maritime transport data in one place. Also, it is easy to manage and accessible to anyone.

Fracht Group has entered into a partnership with YLOAD

“The YLOAD team convinced us that it is the right strategic partner for us in Eastern Europe and beyond. All Fracht Romania customers will benefit from the YLOAD Network software. Through which they will be able to track costs, transports, documents in real time, and even make payments. Thus, not only Fracht Romania employees will be able to use our platform for better efficiency and synchronization of services, but also customers will have access to the details of the transport during its duration.

The connection of trucks with ships and planes will lead to an improvement of the entire logistics market. Together with the integration with the port of Constanța is an important pillar in this process.”, said Sorin Nicolae, Operational Director for Maritime Transport, Fracht Romania.

YLOAD is a start-up based on artificial intelligence. It was founded in 2019 by Alexandru Huzău, a specialist with 15 years of experience in IT and online marketing.

YLOAD platform has attracted over 15,000 companies in the field of transport and investments of over three million euros. It will launch a Series A investment round in the near future.

Fracht Group has entered into a partnership with YLOAD

Fracht Group has entered into a partnership with YLOAD

“Fracht Group has chosen a start-up to be its partner to digitalize transport in Eastern Europe and beyond. It is a success that gives us a lot of confidence. We convinced them through our vision. The devoted young team that managed in a short time to create this software for a field where the need for digitalization, transparency and synergy is very high.”, said Alexandru Huzău, founder and CEO of YLOAD.

The YLOAD digitalization platform for transport operations enables carriers to reduce incidents. It optimizes costs and manage their vehicles more easily and efficiently, while simplifying access to routes and orders, customer interaction, document and payment flow. At the same time, the beneficiaries have access to a vast fleet of carriers to be able to choose the right services. It receives real-time information about the progress or completion of the transport. All vehicles in the platform are located by GPS systems.

Photo Source: Media Relations

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