DFM DATA CORP.

Transfix offers load factoring at 0.99% rate Aaron Huff| CCJ – @AaronHuffCCJ

By Support / 2019-08-22 2020-09-13

Transfix, a digital freight marketplace, has expanded its product suite with the Transfix Factoring Program powered by BAMFi. The program is designed to unlock money for carriers upfront at a rate of 0.99% for loads completed with Transfix, along with access to an online cash flow management tool. To celebrate the launch, Transfix is offering …

Transfix offers load factoring at 0.99% rate Aaron Huff| CCJ – @AaronHuffCCJ Read More »

Freight Brokers vs. Shippers’ Agents

By Support / 2019-08-20 2020-09-13

Freight Brokers Within the transportation marketplace, brokers provide a myriad of services. Brokers fill the gaps between shippers, owner-operators, and draymen. Brokers also assist shippers and trucking companies with resource and technology-constraints. In addition, brokers help cover capacity shortfalls and often provide ancillary services like transportation management outsourcing. Like everyone else, brokers want to make …

Freight Brokers vs. Shippers’ Agents Read More »

Nigerian digital freight marketplace Kobo360 raises $20 million – FreightWaves – Vishnu Rajamanickam, Staff Writer

By Support / 2019-08-16 2020-09-13

Nigerian digital freight marketplace startup Kobo360 raised $20 million in a Series A funding round led by Goldman Sachs while pocketing another $10 million in working capital financing from Nigerian commercial banks. Kobo360 is one of the most recognized FreightTech players in Africa, revolutionizing a cacophonic market riddled with several inconsistencies. Kobo360 began its journey …

Nigerian digital freight marketplace Kobo360 raises $20 million – FreightWaves – Vishnu Rajamanickam, Staff Writer Read More »

Transfix promotes Lily Shen to president – FreightWaves – Kim Link-Wills

By Support / 2019-08-14 2020-09-13

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 two years ago, Shen spent nearly 20 years in Silicon Valley. She was the executive director of mobility and advanced technology for IDEO for a …

Transfix promotes Lily Shen to president – FreightWaves – Kim Link-Wills Read More »

Loadsmart, Starsky Robotics Dispatch Autonomous Truck Automatically – Transport Topics

By Support / 2019-08-12 2020-09-13

In June, Starsky Robotics performed the first fully unmanned test on a public highway with real traffic. (Starsky Robotics/YouTube) [Stay on top of transportation news: Get TTNews in your inbox.] Loadsmart and Starsky Robotics said the companies have automatically dispatched an autonomous truck to haul freight. The truck was successfully priced, tendered and booked via …

Loadsmart, Starsky Robotics Dispatch Autonomous Truck Automatically – Transport Topics Read More »

Updated: Revenue and losses climb at Uber Freight – FreightWaves – Todd Maiden

By Support / 2019-08-08 2020-09-13

Uber Technologies Inc. (NYSE: UBER) second quarter 2019 report probably won’t receive the accolades garnered by its ride-hailing competitor, Lyft (NYSE: LYFT). Uber’s second quarter as a public company saw a loss of $5.2 billion (closer to $1 billion excluding stock-based compensation and one-time driver awards), or $4.72 per share, which was much worse than …

Updated: Revenue and losses climb at Uber Freight – FreightWaves – Todd Maiden Read More »

Cargo Chief focuses on carrier-broker automation with new C4 platform Todd Dills| CCJ – @Channel19Todd

By Support / 2019-08-08 2020-09-13

Cargo Chief, formerly a tech-enabled broker that has since sold off that part of its business, announced the release of the latest version of what it calls its C4 platform — version 2.0 it pitches to brokers as “the most complete and informative database of trucking carrier lane preferences and availability in the OTR (over-the-road) …

Cargo Chief focuses on carrier-broker automation with new C4 platform Todd Dills| CCJ – @Channel19Todd Read More »

How much are digital freight brokerages really worth? (Video in source link) – FreightWaves – John Paul Hampstead, Associate Editor

By Support / 2019-08-06 2020-09-13

If everything goes right, the market cap of all digital brokerages in the United States could total $30 billion in 10 years. The total addressable market for digital freight brokerage is a mere fraction of the size quoted in pitch decks and investment bank research reports, but there’s still plenty of upside for a few …

How much are digital freight brokerages really worth? (Video in source link) – FreightWaves – John Paul Hampstead, Associate Editor Read More »

Freightera plans to go public – FreightWaves – Nate Tabak, Canada Correspondent –

By Support / 2019-08-01 2020-09-13

Freightera, a Canadian-based digital freight marketplace, plans to go public. CEO Eric Beckwitt confirmed to FreightWaves on August 1 that his Vancouver-based firm is seeking a listing on the TSX Venture Exchange through a process similar to an initial public offering. “Our intention to be a publicly listed company,” Beckwitt said. Freightera is utilizing a …

Freightera plans to go public – FreightWaves – Nate Tabak, Canada Correspondent – Read More »

Small and mid-tier fleets leverage technology to level playing field – FreightWaves – Vishnu Rajamanickam, Staff Writer

By Support / 2019-08-01 2020-09-13

The excessive fragmentation within the trucking market has implications that run deep, with fleets of different sizes looking at issues related to trucking operations from very different perspectives. Big trucking companies, though fewer in number, have long exerted an advantage over small and mid-tier companies by putting together expansive networks and maintaining steady relationships with …

Small and mid-tier fleets leverage technology to level playing field – FreightWaves – Vishnu Rajamanickam, Staff Writer Read More »