Overhaul acquired FreightVerify, an end-to-end supply chain visibility platform for automotive and healthcare markets.
Together, Overhaul and FreightVerify enable a comprehensive, intelligence-driven platform designed to give global brands the potential for warehouse-level control over goods in motion, protecting supply chains from delays and enabling customers to act before disruption hits.
“The market has evolved, and the next generation of supply chain solutions needs to address not only in-transit risk but also connect to the impact on inventory outcomes and customer experience,” says Barry Conlon, co-founder and CEO of Overhaul. “Our approach ensures any delayed shipment can be linked to its contents to proactively prevent and act against downstream issues that would disrupt factories, stores, and customer orders. This acquisition doubles down on Overhaul’s commitment to delivering actionable solutions. It’s precisely the kind of effective, uniquely capable investment we’re excited to make, a very rare find with powerful potential across multiple verticals.”
“The fusion of FreightVerify’s precision tracking with Overhaul’s risk mitigation represents a paradigm shift in supply chain dynamics. This is not merely visibility - it’s a holistic framework that integrates real-time data with predictive resilience, fundamentally enhancing decision-making under uncertainty,” adds Professor Yossi Sheffi, co-founder of FreightVerify and director of the MIT Center for Transportation & Logistics.
Key takeaways:
· These solutions are critical for high-consequence cargo across the high-tech, consumer, automotive, healthcare, and life sciences industries.
· FreightVerify’s advanced platform enables item-level tracking, down to individual products, SKUs, and attributes. Together, Overhaul and FreightVerify are building a comprehensive, intelligence-driven platform that empowers organizations to act before problems arise.
· FreightVerify’s platform has tracked over 100 million shipments and engages 70,000 monthly active users from executives to frontline operators across more than 280,000 distinct shipping locations.
