What is InTek Freight & Logistics?
Founded in 2016 after its founders purchased their division from a larger 3PL, InTek Freight & Logistics has rapidly established itself as a leader in the domestic intermodal market. The company operates across three distinct segments: Non-Asset Freight Capacity, Outsourced Transportation Management Services, and Re-Seller - Integrator - Support of the MercuryGate Cloud TMS. This comprehensive service offering addresses the increasing demands of shippers in a capacity-challenged market. InTek's strategic direction has resonated with clients, evidenced by its impressive 242% growth between 2018 and 2020, earning it a spot on the Indiana Business Journal's 3rd fastest-growing privately held company list. The company also maintains a notable partnership with the Journal of Commerce (JOC) on its intermodal spot rate index and holds industry leadership positions, with President Shelli Austin serving on the Intermodal Association of North America (IANA) board.
How much funding has InTek Freight & Logistics raised?
InTek Freight & Logistics has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
What's next for InTek Freight & Logistics?
The substantial capital infusion, particularly the recent strategic investment, positions InTek Freight & Logistics for accelerated expansion and enhanced technological development. This backing will likely fuel further investment in its proprietary TMS support and broaden its service capabilities to meet evolving market needs. Given the company's history of rapid growth and its focus on providing superior service levels by understanding shipper challenges, this new capital is expected to solidify its market leadership and potentially drive geographic expansion or diversification of its logistics solutions. The company's commitment to innovation and its deep understanding of the supply chain landscape suggest a future focused on optimizing freight capacity and delivering value-added services.
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