Transfix, which was a digital brokerage up until just a few weeks ago, is offering its first software solution to the market.
Transfix is selling its brokerage business to supply chain services provider NFI.
Transfix has launched tools aimed at protecting shippers, carriers and brokers from fraud.
Transfix’s new feature aims to streamline logistics for small and midsize businesses by addressing manual processes and securing competitive rates, in line with an integrated marketplace approach.
Transfix has closed a $40 million Series F funding round during “one of the most challenging markets in freight history,” company officials said.
Obtained documentation shows Transfix is looking to raise funds at a $376 million valuation.
El cofundador y responsable tecnológico Jonathan Salama toma el timón
Freight broker Transfix announced its chief technology officer has been appointed CEO effective immediately.
Transfix’s head of product talks about the company’s new contract structure at F3.
Freight broker Transfix announced it has terminated plans to go public. Instead, it will seek private funding from current investors.
This week: A Georgia driver fighting for more women in the industry receives a renovated cab from Transfix, and a safety nonprofit teaches pedestrians and drivers about the dangers of trespassing onto train tracks.
This week: Logistics companies, trailer manufacturers and trucking nonprofits prepare to celebrate drivers for National Truck Driver Appreciation week.
Shippers are beginning to realize that their tried and true RFP methods will no longer keep them competitive in a changing market, pushing them to consider new, data-driven options.
As the industry continues to grapple with the aftermath of the coronavirus pandemic, dedicated options seem to be making their way back into the spotlight.
G Squared is to provide Transfix with financing and more capital.
As thousands of exhibitors and attendees convened in Northwest Arkansas last week, many were introduced to Coleman Warren and the business he founded, Simple+Sweet Creamery, to fight child hunger.
Transfix uses machine-learning technology to help shippers and carriers optimize their freight networks.
FreightWaves’ Thomas Wasson discusses how technology can help enterprise fleets with Transix’s Beth Howard.
Transfix’s Scott Sokoloff discusses how data is keeping supply chains resilient in the wake of recent shake-ups.
There’s a lot of bad information out there about the state of the oil market.
“We are excited to help usher in a new era of intelligent, modern logistics with a focus on sustainability for our customers, our employees, our shareholders and our planet,” said Lily Shen, CEO and president.
Digital broker Transfix posted record results for 2021. The company’s public listing is on track for the second quarter.
This week: FreightWaves reviews five top Log Book stories from the past year, from National Truck Driver Appreciation Week activities to the gifting of a Peterbilt.
From relay networks to industry unicorns, FreightWaves looks at technology trends that will continue to transform supply chains into the new year.
Five areas where hyperautomation can have an immediate impact
Last week’s Transfix, project44 and Emerge deals herald a maturing FreightTech space.
A brand new newsletter for 3PLs and freight brokers. Hurricane Ida cleanup, Harvest season struggles, and all the mergers for the week.
“We are thrilled to be partnering with G Squared on this significant milestone,” said Transfix CEO Lily Shen.
This week: From Spotify playlists to full cab renovations, FreightWaves showcases creative ways companies celebrated National Truck Driver Appreciation Week.
This week: the Leading Ladies’ mentorship program empowers women in the industry; Convoy Technologies will host its second “Tacos for Truckers” event and logistics technology company wants to TransFIX your rig with CBS’ Jason Cameron.
“The Transfix team is extremely talented, but there’s a quality to the culture that’s got gumption,” said newly appointed CCO Sophie Dabbs.
“I think about the fact that if we fulfill this mission, the world is better off and not many opportunities have that.”
“Working with Transfix has to be an experience that’s better for carriers and it has to allow them to both make more money but in a way that is more sustainable for them,” says Transfix CFO.
The time it takes to plan routing and operations has historically been a significant burden for fleets. Manual tracking and spreadsheets have traditionally formed a hodgepodge of disparate systems that […]
“Ultimately the pandemic has made everyone realize that there are opportunities here to make all of our lives better going forward.”
“We feel like Transfix is not even at the end of the first inning. We’re in the first pitch of the first inning.”
Transfix considers the relationships at stake for a carrier or shipper in order to build the right tech solution.
“Human-centered design is at the heart of what we do,” Transfix CEO Lily Shen tells Andrew Cox during an episode of Point of Sale aired as part of FreightWaves’ 3PL Summit.
In today’s edition of The Daily Dash, raising fuel taxes could be an option to pay for infrastructure, and a truck driver who faced a life-or-death decision on a bridge is rewarded for his choice.
Dooner and The Dude bring on Shannon Curier to talk Christmas philanthropy, Bob Farrell CEO of Global Tranz, and CEO of Transfix to discuss why data is king.
In today’s edition of The Daily Dash, YRC’s loan is facing scrutiny from Congress, plus LTL tonnage is on the rise and prosecutors ask for the reinstatement of the conviction of former Pilot CEO Mark Hazelwood and two others.
Transfix will integrate project44’s visibility platform into its shipment tracking technology as the first initiative under a multiyear strategic partnership.
Digital freight-matching brokerage Transfix is in discussions with a special purpose acquisition company that could lead to its listing as a public company, according to Bloomberg.
Dooner and The Dude discuss buying habits before Black Friday, plus they welcome the flyest guy on 18 wheels
In today’s edition of The Daily Dash, a Florida jury awards a plaintiff $411 million in the latest nuclear verdict. Plus, a lack of freight capacity has some worrying about holiday shipping delays, and Toyota and Hino will bring a Class 8 fuel-cell electric truck to the U.S. next year.
The fleet management solution is Transfix’s first foray into a pure software product.
Carriers, logistics businesses and technology providers make the cut in 2020.
FreightWaves is partnering with Transfix to present an hour-long webinar on Thursday, August 6 at 2pm ET to address how shippers are adapting to meet customer needs during this unprecedented time.
Digital freight brokerage Transfix laid off about 10% of its staff on Tuesday
Shen was previously chief operating officer and president.
This white paper pairs FreightWaves’ survey results with SONAR data to closely examine the contributing factors of volatility in the most recent freight cycle, predict the tightening market in 2020 and show how shippers can use data to increase visibility and stability.
Brian Aoaeh writes about key trucking events in 2019 and looks ahead to 2020.
FreightWaves and Transfix will be partnering for an hour-long webinar featuring insights from Carol Park, Head of Enterprise Business for Transfix, and Kevin Hill, Director of Research for FreightWaves.
Traditional freight brokerages are ramping up technological spending to keep pace with the industry.
The marketplace for truckload transportation is fragmented and opaque. Relationships between shippers and carriers are tenuous at best, forged and broken by wild swings in capacity availability and rates per mile. In this white paper, Transfix and FreightWaves define the problems distorting the marketplace for truckload transportation, discuss how carriers think about their assets, explain the role of technology in reducing empty miles, and sketch out the economic dynamics that come into play when the marketplace is optimized to free up capacity at the right price.
Transfix chief operating officer Lily Shen has added president to her title. The digital freight marketplace announced Shen’s promotion on August 14. Prior to joining New York City-based Transfix about […]
A lot of things have to go right for DFBs to build a market large enough to justify their valuations.
Transfix, the venture capital-backed digital freight marketplace based in New York City, announced that Ahmad El-Dardiry joined the company as its new chief revenue officer. El-Dardiry comes to Transfix from […]
Commentary As digital freight brokerage apps learn to concentrate on driving user engagement and building dynamic marketplaces that adapt to user behavior, they will start to resemble social media networks […]
Transfix is betting that its carriers care more about asset utilization than rate per mile.
project44’s Jett McCandless, KeepTruckin’s Ori Franco, Transfix’s Drew McElroy, and Freightos’ Philip von Mecklenburg-Blumenthal were all panelists.
Transfix is reportedly trying to raise a Series D that values the company at 10x gross revenues.
Executives from Axle Logistics, Network Transport, Transfix, and Convoy weigh in on peak season 2018: higher volumes and less volatility than 2017 means that most brokers are sitting pretty.
XPO Logistics was named to the Fortune Future 50 list of U.S. public companies while KeepTruckin and Transfix were both honored by Forbes as two companies likely to achieve unicorn status.
The third installment of CarrierLists and FreightWaves load sourcing survey has more of the same. We dig a little deeper to see something about the industry that is seemingly obvious, but is it?
The third installment of CarrierLists and FreightWaves load sourcing survey has more of the same. We dig a little deeper to see something about the industry that is seemingly obvious, but is it?
KeepTruckin raises $50M in a Series C financing. Plans to have 400,000 subscribers by the end of the year
With all the purchasing of team apparel and snacks that takes place around the Super Bowl, it’s imperative those goods make it to retail locations on time. It takes a Big Game logistics operation to make it happen.
In the future of freight, relationships will take a back seat to data and how carriers use the data to speed price and capacity discovery.
Uberization has been a hot term to describe digital transactional brokerage. But a bigger, untapped opportunity might be available in the market
Transfix, the technology platform that is changing the way companies and shippers manage their supply chain, announced today that it has joined the Blockchain in Trucking Alliance (BiTA).
Digital freight brokers are using “Daily-deal” tactics to get revenue growth. They sold themselves as a platform to change the inefficient trucking industry, but have found it difficult to find quality sources of high-volume freight. These platforms have resorted to aggressive pricing tactics using investor capital. What will find is that as soon as they change prices, shipper loyalty will evaporate.
