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Cube Route secures $4 million in venture funding

TORONTO, Ont. -- Cube Route, a provider of on demand logistics services, announced that it has secured $4 million i...


TORONTO, Ont. — Cube Route, a provider of on demand logistics services, announced that it has secured $4 million in equity financing from J. L. Albright Venture Partners. This funding will support Cube Route’s aggressive business development, sales and marketing initiatives and prepare the company for growth across North America.

"From the time Cube Route went into full production, the company has definitely hit the ground running," said Claude Germain, Cube Route CEO and co-founder. "We have solid backing from the investment community and have also completed a series of successful implementations with leading North American foodservice, transportation, retail and direct to store delivery customers. We truly believe that our logistics service is unique in the industry in its ability to reduce delivery costs and improve service without the need for capital investment."

Cube Route delivers the first fully integrated, on demand logistics service that combines advanced tracking, planning and routing functionality with the simplicity of Web-based service delivery. As a managed logistics service, Cube Route delivers all of the technical infrastructure and IT support to enable organizations with dedicated fleets to take control of the delivery process. Created with ease of use and economy in mind, the Cube Route service is a solution that is "built by operators for operators".

It is offered on a pay-as-you-go basis, providing users with visibility into their delivery network in real-time, at a fraction of the cost and complexity of point solutions. The Cube Route service has been deployed across a variety of organizations that operate fleets, and is already delivering substantial results that range from improved customer service, lower operating costs, to improved efficiency and greater consistency in operations.

"The upfront costs to license, install and train people on traditional logistics software solutions, along with ongoing integration needs, has made it prohibitively expensive for most operations to achieve visibility into delivery activities. As a result an estimated two-thirds of private/dedicated fleets still rely on paper-based manual systems for route planning and load building," Germain continued. "Our on demand service brings sophisticated capability to organizations of any size, while eliminating up-front costs. Our trials have consistently shown that companies can reduce their operating costs by up to 10 per cent while improving service."

For more information, visit www.cuberoute.com or call 1-877-227-6883.


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