Why a Softbank-backed trucking startup is paying to make its customers’ shipments carbon-neutral

Business Insider | Feb 23, 2021 at 1:00 AM
  • Flock Freight, a startup using technology to consolidate truck freight, is following up its $113.5 million Series C round in December with a move to make its hallmark “shared” truckload shipments carbon neutral — at no cost to customers.
  • Flock Freight couldn’t make the same play since it’s not a manufacturer, but looking into the possibility led the team to see offsets as a value-add — though they come at no cost to shippers.
  • The money generated by Flock Freight’s offsets will go toward the Truck Stop Electrification Project, which funds the installation of electric charging stations at truck stops, so drivers need not burn diesel to heat and cool their cabs, and charge their phones and laptops.