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The Value Of A Digital Freight Marketplaces Over Traditional Brokerages

Inefficiency and the freight industry have been inextricably linked for generations. Traditional brokers have long been unable to meet the modern business needs of shippers and carriers who are looking to scale their operations. The void created by traditional brokers is now being filled by digital players who are capable of solving unique and complex […]

Digital Freight: The Race to Automate Truck Brokerage

Written by Benjamin Gordon In the race to digitize the truck brokerage market, will the winner be an incumbent or a challenger? The upside is enormous. Trucking is a $734 billion market. Truckload and less-than-truckload revenue constitute close to $400 billion. If 20% of that market is outsourced, then truck brokerage spending totals $80 billion. […]

Traditional freight brokers investing millions to stay on top – FreightWaves – Ben Thrower, Contributor 09/23/2019

 New technologies are changing the way the freight brokerage industry performs day-to-day operations. (Image: Jim Allen/FreightWaves) New technologies are changing the way the freight brokerage industry performs day-to-day operations. For the past several years it has been the consensus in the industry that the freight brokerage market is headed in the direction of doing everything […]

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

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

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 […]

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

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 […]

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

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 […]

Commentary: How digital brokerage has become a “no-code” endeavor – FreightWaves – Charley Dehoney

FreightWaves features commentary from Market Voices – contributors with unique knowledge of numerous transportation/logistics/supply chain sectors, as well as other critical expertise. In the Stone Age of transportation brokerage – the 1980s – technological innovations came in the form of new equipment purchases in an effort to speed up transactions. This might be a second […]

Transfix’s new chief revenue officer wants to change digital brokerage’s business model – FreightWaves – John Paul Hampstead, Associate Editor

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 a 19-year stint at Intel Corporation, where most recently he managed cloud computing, memory and storage enterprise sales in the Americas, Asia and global industry […]

Digital Freight Brokers Turn Physical With Truck Equipment Pools – WSJ – By Jennifer Smith

Digital freight marketplaces that connect shippers and truckers online are turning toward more physical operations by offering the equipment that cargo carriers need to move loads. Freight-matching startups Convoy and Uber Technologies Inc. ’s Freight division recently launched fleets of trailers that shippers can preload with goods to speed up cargo transfers for drivers and […]