Freelancer Limited announces merger of its freight divisions Freightlancer and Loadshift

Freelancer Limited (ASX: FLN) announced the merger of its freight divisions, Frieghtlancer and Loadshift. Both divisions will combine under the Loadshift banner, making Australia’s largest transport marketplace which has delivered over 125 million kilometers of freight all over Australia in the last 12 months. The merger will transform Loadshift from a simple membership-based bulletin board to a full marketplace for freight, and in the process of doing so, the company has introduced a 3% commission for shippers and 10% commission for carriers for non-members, replicating the model of Freelancer.com.

As part of the move to a marketplace, new features comprise secure payments, invoice financing, ratings and reviews, enhanced vetting, and managed services offerings, including freight operations and project management.

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