Private equity firm acquires majority stake in

Truckstop Mobile-2017-06-30-10-24, well-known for its online freight matching/load board tools for carriers and brokers, announced April 3 an investment from private-equity firm Iconiq Capital, making Iconiq the majority shareholder in the Idaho-based company. officials declined to disclose the percentage share Iconiq now holds or to disclose the full amount of the transaction, but did note that founder Scott Moscrip and the company’s existing management team maintain a significant ownership stake in the company. Also, the investment value is “one of the largest in Idaho state history,” says’s Public Relations Senior Manager Matt Stubbs, “and values as one of the most valuable technology companies in the state.” plans to put to use new resources to “expand the company’s portfolio of technology solutions, geared toward improving efficiencies for carriers and brokers,” it said in a press release. The investment follows several years of growth with the expansion of the executive team, tens of thousands of new customers, and the creation of hundreds of new jobs within the company.

Will Griffith, a partner at Iconiq Capital, invoked the increasingly essential nature of “tech-enabled platforms” around the freight world’s operations aimed at “reducing costs and improving efficiency,” he said. “ is the premier and trusted partner in this space, with an advanced technology platform that removes friction for all parties within the freight ecosystem, and an established network of transportation professionals across the country.” CEO Paris Cole believes Iconiq’s new majority stake in the privately-held company will advance down the road on “our mission to simplify the freight life cycle for carriers and brokers.”

Today, offers products in several areas other than in flagship online load board — those include spot market rates data, partner vetting tools, credit and insurance insights, transactional cargo insurance, freight tracking/visibility, transportation management systems (TMS), integrations with major industry software partners, and payment solutions.

The Business Manual for Owner-Operators
Overdrive editors and ATBS present the industry’s best manual for prospective and committed owner-operators. You’ll find exceptional depth on many issues in the 2022 edition of Partners in Business.
Partners in Business Issue Cover