Article written by Deborah Lockridge April spot freight rates are the lowest in four to five years.Graphic: DAT Solutions As stay-at-home orders in response to the COVID-19 pandemic took hold across much of the country in the latter part of March, the level of freight available dropped rapidly. By the second half of April, spot-market …
Do Low Spot Freight Rates Mean Brokers Are Gouging Truckers? Read More »
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. …
Digital Freight: The Race to Automate Truck Brokerage Read More »
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, 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 »
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 »
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 …
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, 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 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 …
Companies like Lyft, Airbnb, and Kickstarter use technology platforms to connect customers with service providers. And that same concept has made its way to the trucking markets, where companies like Convoy, Transfix, Uber Freight and Loadsmart are using algorithms to pair carriers with shippers who need their loads delivered. This is no passing fad either. …
