Loop is a technology-enabled logistics company for full truckload freight. By leveraging Loop’s technology, shippers are able to book, track and pay for shipments in minimal steps while carriers are able to reduce deadhead costs by choosing loads closest to them and getting paid faster. Loop's mission is to provide better communications and data infrastructure between manufacturers/distributors and available carriers over a web and mobile platform, in the process reducing the overall cost of moving freight and providing a better user experience.
The truck freight market in Bangladesh is substantial ($10b per year) due to the country's large export economy in combination with domestic consumer demand. Loop is solving inefficiencies by cutting down on empty miles through its reverse logistics platform while digitizing the process end-to-end for increased transparency.