22 Feb 2022
As it prepares to go public, Transfix is looking to derive more revenue from non-transactional shipper services, including its drop trailer program, and to draw smaller shippers to its platform.
10 Dec 2020
Interest in drop-and-hook programs continues to grow, with the broker Transfix now offering an “asset-like” service that it says it uses technology to find the right capacity for its shipper customers.
02 Dec 2020
Freight broker Transfix will integrate predictive visibility data from project44 to augment its existing app-based GPS location data as part of a long-term agreement with the multimodal visibility provider.
09 Oct 2020
Shippers are modifying their approach to truckload contracting, using more short-term “mini-bids” than ever before and turning to technology to improve a process that often breaks down when market prices swing quickly.
27 Mar 2020
Digital truck brokers have found it hard to confidently provide an accurate guaranteed rate to shippers 14 or 21 days in advance because of the unpredictable developments of coronavirus disease 2019 (COVID-19), causing one-off quotes to be higher than normal.
Transfix looks to the future with guaranteed rate product
18 Feb 2020
The truckload freight marketplace Transfix is allowing shippers to guarantee forward spot rates up to a year out based on an machine learning model it has been using internally for more than a year.
Convoy snags historic $400 million investment
13 Nov 2019
The freight broker Convoy has landed the second biggest single funding round in North American logistics technology industry, as its investors more than double down on the idea of technology solving inefficiencies and waste in the truckload market.
Startup tech-focused operators are luring venture capitalists not just into providing money but into joining their executive ranks to drive change in the freight industry.
23 Aug 2019
Digital freight broker Transfix is banking on a former eBay executive and venture capital investors to differentiate the company among a crowded field of brokers, digital and otherwise.
Large incumbent brokers believe they have the historical data and scale in shipper volume to build freight matching technology that counteracts innovations by startups such as Convoy, Transfix, and Uber Freight.
11 Jul 2019
Shippers testing the efficacy of digital freight matching tools, whether from new broker entrants or through established providers, now have the option of working with larger brokerages such as GlobalTranz and JB Hunt.
13 Jun 2019
The success of digital freight matching technology will largely rely on the extent to which shippers stop viewing the spot market as a last resort and start viewing it as a strategic tool.
Trucks travel on a US highway.
01 Oct 2018
The quickened pace of investment in the freight tech space amounts to growing expectations from venture capital investors that one or more of these companies will be able to truly transform a fragmented and often inefficient market.