Home Strategy Freelancer acquires channel 40 to move into freight business

Global freelancing and crowdsourcing marketplace Freelancer.com has acquired enterprise freight marketplace Channel 40, in a move expected to pave the way for the launch of a new freight, shipping and transportation marketplace, Freightlancer.com.

The Australian-listed Freelancer (ASK:FLN) says Freightlancer.com will span from complex enterprise haulage to consumer metro deliveries, powered by the “world’s largest” human labour cloud of more than 30 million freelancers in 247 countries, regions and territories.

Channel 40 was started in 2016 by mining executive Tom Cavanagh, who also founded, and is chief executive of, EMS Group, one of Australia’s largest underground mining and tunnelling service providers.

Channel 40 primarily services the construction, mining, tunnelling, rail and oil and gas industries, with more than 6000 freight operators in its marketplace. The company says that in the last 12 months, it has shipped more than $4.5 million of freight within Asia Pacific, as well as to the US and Europe.

“Today we are excited to announce both the acquisition of Channel 40 and the launch of Freightlancer, our global marketplace for freight, shipping and transportation,” said Freelancer.com chief executive Matt Barrie. “Freightlancer is powered by the world’s largest human labour cloud of over 30 million freelancers, our rapidly growing Enterprise division and our global payments business Escrow.com.

“The acquisition of Channel 40 and the launch of Freightlancer.com represent the first productised vertical for Freelancer.com, specialising in end-to-end solutions within a single job area. This builds on our local jobs offering and taps into the Freelancer.com API, delivering a global pool of liquidity for the freight logistics industry, around the world.”

“We are thrilled to be joining Freightlancer,” said Channel 40 chief executive Josh Mullens. “Our business and global domain expertise in transportation, shipping and logistics, combined with the global scale of the Freelancer.com and Escrow.com businesses is a phenomenal combination.”

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Peter Dinham

Peter Dinham is a co-founder of iTWire and a 35-year veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

 

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