FreightRover Ramping Up Expansion

Posted: Updated:
(Image courtesy of FreightRover.) (Image courtesy of FreightRover.)
INDIANAPOLIS -

FreightRover LLC has detailed expansion plans at its downtown Indianapolis headquarters. The supply chain management and payment technology provider says it will add 120 jobs by 2020 and invest over $1 million into office renovations. FreightRover says it has already brought on 30 employees and expects to hire 60 by the end of next year at average salaries higher than the Marion County average.

Chief Executive Officer Eric Meek says "when it comes to transportation and logistics, Indiana truly lives up to its moniker as the 'Crossroads of America,' With the state also representing a major hub for new technology developments and supportive of business growth, it made perfect sense as the home for FreightRover. Our company operates at the intersection of transportation and technology, so Indiana is the ideal proving ground for our innovations."

In September, the year-old company announced it had closed on a new financing facility of up to $500 million. The funds will support FreightRover's Indianapolis-based Rover180 LLC affiliate, which FreightRover says uses its PayEngine tech "to improve working capital and keep cash moving in the supply chain."

In addition to the PayEngine carrier payment processing system, FreightRover has three other platforms including CarrierHQ, which is a mobile marketplace for fleet services providers, SmartLTL, a connection point for less-than-truckload carriers and Freight xChange, which automates truckload freight management responsibilities.

The Indiana Economic Development Corp. offered the company $2.3 million in conditional tax credits and training grants last year. You can connect to more about FreightRover's growth plans by clicking here.

  • Perspectives

    • Sink or Swim: How to Stop Sabotaging New Hires

      You've jumped through the hiring hoops and emerged with some transformational talent. Before joining your company, Joe slashed costs and doubled revenue at his previous job, and Sue is known for building record-breaking teams and product launches. It should take them no time to produce similar results in your organization, right? In reality, Joe and Sue’s performances will hinge heavily on how you manage their post-hire assimilation: a cycle all new hires experience, lasting...

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • (photo courtesy Butler University)

      Aramark to End Operations at Butler

      Aramark Educational Services LLC has detailed plans to lay off 200 workers in Indianapolis. In a notice to the state, the company says the decision is the result of Butler University not renewing its contract to provide food services on the campus.

    • Metal Powder Products has Indiana operations in Noblesville and Campbellsburg.

      Manufacturer Growing Noblesville Operations

      Noblesville-based Metal Powder Products has announced plans to move a manufacturing division from Ohio to Hamilton County and add up to 80 jobs by 2020. The powder metallurgy product manufacturer says it will invest $1.5 million to increase production capacity in Indiana. The company currently employs more than 350 associates in its Noblesville and Washington County operations, and over 1,100 overall in the U.S. and China. MPP says it has already hired 51 employees as part of the...

    • Fishers Among Finalists For National Prize

      The city of Fishers is one of 12 finalists for the Robert Wood Johnson Foundation Culture of Health Prize. The award honors "communities that are bringing partners together around a shared commitment to health, opportunity, and equity."

    • Matt McIntyre is co-founder and executive director of Brackets For Good.

      Brackets For Good Launches New Program

      Indianapolis-based Brackets For Good Inc. is changing up its annual fundraising program. The sports-themed fundraising organization has launched Champ's Charity Challenge, in which users can fill out brackets for the NCAA men's college basketball tournament in the name of their charity of choice. The previous iteration of the program saw nonprofits competing in a tournament-style bracket of their own to see who could raise the most money. In an interview with Inside INdiana Business...

    • (file photo courtesy Schrader Real Estate and Auction Co.)

      Farmland Prices 'Remain Resilient'

      An auctioneer at Columbia City-based Schrader Real Estate and Auction Company says farmland prices “remain resilient" despite downward pressures."  R.D. Schrader cites mixed cropland prices on tillable land in 2018, stating that downward pressures include lower incomes, higher interest rates and the prospect of tariffs on farm goods.