Logistics service GlobalTranz has spun out its freight tracking technology developer 10-4 Systems, with GlobalTranz co-founder Andrew Leto leading its series A round.

Supply chain visibility technology provider 10-4 Systems has been spun out of US-based logistics company GlobalTranz with a $13.9m series A round led by GlobalTranz co-founder Andrew Leto.

10-4 Systems, founded by GlobalTranz in 2012, supplies technology that helps freight carriers, brokers and shippers track moving freight packages in real time. It will put the series A funding into product development and customer acquisition.

Travis Rhyan, president and CEO of 10-4 Systems, said: “We appreciate the contribution from our former…