Basin Commerce – Modernizing the Bulk Commodity Supply Chain
Startup Name: Basin Commerce
Most people forget that Industrial England was built on a network of canals with tow paths before the advent of steam, parts of the UK still have extensive canals but I had never realised the USA has a huge network of 25,000 miles of navigable waterways all over the country and Basin Commerce is planning make them more efficient.
Tagline: Modernizing the Bulk Commodity Supply Chain
We are building an on-line market for the sourcing and buying of logistics services in the bulk freight industry. Think of Expedia or Travelocity for your travel bookings, but for of bulk materials. The market currently operates as it has for over 50 years.
We are focused initially on inland waterway system and will give shippers the ability to source service providers in trucking, trans-loading and barging.
How will you make money? We take a 2.9% transaction fee for services booked on the marketplace.
Capital Raised: 50-100k
CEO: Tom Venable
Target Market: Shippers of bulk freight and commodities. Providers of transportation services such as barge operators, river terminals and trucking firms.