Fifth Wheel Freight

Fifth Wheel Freight

Third-party logistics and transportation services

About

Fifth Wheel Freight provides third-party logistics and transportation services, acting as a bridge between shippers who need to transport goods and carriers who handle the transportation. The company operates a selective network of carrier partners to ensure efficient and reliable service tailored to the specific needs of its clients. FWF's business model allows it to scale its services based on demand, offering flexibility regardless of the time or season. Revenue is generated through fees based on shipment volume and complexity, along with value-added services like streamlined processes for carriers and fast payments through TriumphPay. FWF distinguishes itself from competitors through its commitment to transparency, proactive service, and a strong work ethic, fostering a collaborative environment for its employees. The company's goal is to optimize supply chain operations for its clients while achieving sustainable growth in the logistics industry.

Company Stage

Grant

Employees

51-200

Industries

Automotive & Transportation

Total Funding

$1.9M

Headquarters

N/A

Founded

2012


Simplify Jobs

Simplify's Take

What believers are saying

  • The $2M performance-based grant from MEDC will support FWF's expansion, potentially leading to more job opportunities and career growth.
  • FWF's commitment to a collaborative and determined workforce creates a positive and motivating work environment.
  • The company's organic growth strategy offers employees the chance to be part of a sustainably growing business with long-term stability.

What critics are saying

  • The logistics and transportation market is highly competitive, requiring FWF to continuously innovate to maintain its edge.
  • Dependence on a selective network of carriers could pose risks if any key partners face operational issues.

What makes Fifth Wheel Freight unique

  • FWF's partnership with TriumphPay ensures fast and secure payments, setting it apart from competitors who may struggle with payment delays.
  • The company's proactive approach and transparency build strong, trust-based relationships with clients, unlike competitors who may lack these qualities.
  • FWF's selective network of carrier partners allows for scalable and reliable transportation solutions, providing a competitive edge in flexibility and efficiency.

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Growth & Insights
Headcount

6 month growth

3%

1 year growth

6%

2 year growth

6%

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