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.
Transfix news and analysis. Get the latest news about Transfix and the technology industry.
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.
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.
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.
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.
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.
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.