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FreightWaves, the industry-leading provider of 24/7 news, data and analytics for the global freight and logistics markets, announced the winners of the 2020 FreightTech 100 Awards.
The FreightTech 100 highlights the most innovative and disruptive companies across the freight industry, featuring both cutting-edge upstarts and top-notch traditional powers. This year’s list includes 70 returning companies from last year’s awards and 30 first-timers.
“This is not a ‘pay to play’ competition. The companies that make it into the FreightTech 100 do so because they are changing the freight industry in new and dynamic ways,” FreightWaves CEO Craig Fuller said. “We want to recognize the most innovative and disruptive companies out there.”
This year’s FreightTech 100 list is the result of over 1,200 nominations for 255 unique companies. The company that received the most nominations this year was nominated almost 225 times.
Companies named in the FreightTech 100 will be judged by an external panel of industry experts, with voting conducted and overseen by accounting firm Katz, Sapper & Miller (KSM). Each member of the panel will rank their top 25 companies on a 1 to 25 point basis. The companies generating the most points will comprise the FreightTech 25.
Companies receive 25 points for each first place vote, 24 for second and so on through to the 25th company, which receives one point. The mathematical formula is the same as the one used for the Amway College Football Coaches Poll, the AP Pro32 rankings and the AP Top 25 rankings for men’s and women’s college basketball.
The FreightTech 25 will be announced at FreightWaves LIVE in Chicago, which is scheduled for November 12-13. The top five companies will receive special recognition.