Mastery Logistics Systems' founders Paul Loeb and Jeff Silver (pictured above) are well-known leaders and innovators in the freight transportation and logistics sectors.
Paul Loeb launched American Backhaulers in 1981 and is widely viewed as the “pioneer of freight brokerage.”
Jeff Silver joined American Backhaulers in 1984 and with Loeb developed innovative information systems and business processes that are still widely used today.
American Backhaulers was sold to C.H. Robinson in 1999.
Loeb founded Command Transportation in 2005. Command’s main focus was on back-office automation and internal load booking optimization.
The company was acquired by Echo Global Logistics in 2015.
In 2006, Silver and his wife, Marianne, co-founded freight transportation brokerage Coyote Logistics, which was sold to UPS in 2015 for $1.8 billion.
After the sale, Silver spent time working with the broader UPS group on automation and advanced technology.
According to the company's Website, Mastery Logistics Systems has been created to reduce waste across the entire freight logistics industry.
Mastery Logistics Systems platform will bring centralized and automated appointment making and management.
It will create a new automated tracking system based on very low-cost trackers attached to the freight and reported directly to shippers, and introduce widespread blockchain-based bills of lading to accompany shipments and eliminate paperwork processing and invoice settlement.
Mastery Logistics Systems will offer a Transportation Management Systems (TMS) for Brokers, Carriers, and Shippers to manage all modes and all geographies.
Jeff Berman of Logistics Management, reports that in a research brief, Ben Hartford, senior transportation analyst for Robert W. Baird & Co., noted that Mastery should be closely monitored, given Loeb and Silver’s track record of success in the industry.
“Mastery should be closely monitored, given Loeb and Silver’s track record of success in the industry.” | Ben Hartford, senior transportation analyst for Robert W. Baird & Co.
And he added that according to Silver, Mastery is “attempting to fill the void of highly capable, scalable transportation management system software in the domestic U.S. truck brokerage space, noting that Mastery is not a provider of truck brokerage services.
Industry stakeholders told Logistics Management they were optimistic about Mastery Logistics Systems’ future prospects.
One described it as a “smart play,” given the “big available market in TMS,” and noting that Silver “knows how to use technology to enable a process better than anyone” and that Silver and Loeb can capitalize on the opportunities in the market.
Another stakeholder explained that the approach Loeb and Silver are taking with Mastery Logistics Systems makes a lot of sense.
“For guys like this, recreating a straight brokerage would probably seem pretty boring,” he said.
“Working in the streamlining of back office, visibility, and invoicing areas will certainly have some appeal, there are others working on the same areas who would seem to have a head start on Mastery.”
Related Article: 2019 Transportation Management Systems Market Update
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