Transfix connects shippers with a network of over 425,000 vetted carriers through its platform, using artificial intelligence and machine learning to match them effectively. The platform provides real-time visibility, workflow automations, and insightful dashboards to help clients manage their logistics. Unlike traditional brokers, Transfix combines human expertise with technology to offer competitive pricing and superior service while emphasizing sustainability. The company's goal is to turn logistical challenges into strategic opportunities for better decision-making and successful outcomes.

Expansion Venture Capital

Bowery Capital

Lerer Hippeau

Founder Collective

Canvas Ventures

New Enterprise Associates

Alpaca VC

Deep Fork Capital

G Squared

Carter Reum

Thayer Street Partners

Paul Sethi

Ben Narasin

Michael Bryzek

Data & Analytics

AI & Machine Learning

Transfix

NEW YORK-(BUSINESS WIRE)-
Transfix, a next-gen software and data solutions provider for the freight industry, today announced a partnership with DAT Freight & Analytics, which operates both the largest truckload freight marketplace and truckload freight data analytics service in North America.

Transfix Partners with DAT Freight & Analytics to Power Data-Driven Pricing Platform

Adds Powerful Market Intelligence to Transfix's Data-Driven Pricing Platform. NEW YORK, Dec. 5, 2024 /PRNewswire/ -- Transfix, a next-gen software and data solutions provider for the freight industry, today announced a partnership with SONAR (gosonar.com), which provides high-frequency data and visibility into the freight marketplace — at local, state, national and global levels. The partnership will help power Transfix's Data Solutions suite, designed for brokers of all sizes, and uses cutting-edge algorithms and advanced analytics to distill massive data sets into actionable insights. Leveraging proprietary AI and machine learning models, the data science and predictive analytics platform helps brokers drive higher win rates and margins with custom spot and contract pricing intelligence based on past transactions and market trends

Transfix Announces Partnership With Sonar

Chattanooga, Tennessee-based supply chain intelligence platform SONAR announced a data partnership with Transfix, a New York City-based technology and data solutions provider for the logistics industry.SONAR’s extensive datasets on the truckload market, including rates, volumes and capacity information, will be used as inputs for Transfix’s Data Solutions suite, a machine learning and AI-enabled platform for brokers that allows them to quickly respond to RFPs with confidence, and win freight at sustainable margins.“In this freight environment, there is a sector-wide emphasis on prioritizing pricing solutions that improve margins and increase revenue,” Jonathan Salama, co-founder and CEO of Transfix, told FreightWaves. “Our product suite directly addresses this need, focusing on everything from cost prediction to bidding on RFPs or spot freight, arming customers with dynamic, more accurate data-driven solutions. We’re thrilled to partner with SONAR to amplify these offerings with powerful market insights that will inform our data models and predictive tools. We believe that brokers that harness and activate their data can gain an edge during RFP season and beyond, and we’re thrilled to join forces with SONAR to help make that happen for brokers across the country.”Transfix, which was founded in 2014 as an early digital freight broker, had previously built automated matching and pricing for its own operations by offering transportation management systems to shippers and fleet management software to carriers.“Transfix really has the best-in-breed in transportation management and a framework for analyzing optimal network design and making choices that will result in a two-digit operating ratio,” said Daniel Pickett, SONAR’s chief technology officer. “SONAR is best-in-breed data and forward-looking analytics. We have a certain set of expertise; Transfix has a certain expertise

Sonar Inks Data Partnership With Transfix

Camden-based logistics company NFI on Wednesday announced it acquired Transfix’s freight brokerage operation. Transfix will pivot to focus on its software, with NFI the first customer for Transfix’s Transportation Management System.The acquisition will help NFI grow its brokerage business, coupled with its existing in-house technology. And it will add more than 15,000 motor carriers to NFI’s carrier network.NFI has facilities at ports and freight hubs across North America and will absorb more than 100 Transfix employees.“We’re excited to welcome the Transfix brokerage team to NFI,” Sid Brown, CEO of NFI, said. “Their experienced team provides an exceptional solution that aligns well with our strategy. We look forward to partnering with their customers and enhancing the experience for our current portfolio. As one of the largest and most diversified 3PLs in the marketplace, NFI can leverage its scale and offer its existing service offerings of dedicated transportation, warehousing & distribution and port services to the Transfix customer base.”Established in 2013, Transfix was the first tech-powered brokerage

Nfi Buys Brokerage Business Unit Of Transfix

CAMDEN, N.J. and NEW YORK, June 05, 2024 (GLOBE NEWSWIRE) -- NFI, a leading supply chain solutions provider , and Transfix, a leading digital freight platform, today announced that NFI has acquired Transfix’s freight brokerage operation. With this, Transfix will pivot its core business to solely focus on powerful software and data solutions for brokers, shippers, and carriers, with NFI set to be the first third-party customer to utilize Transfix’s TMS.The talent and technology the Transfix team brings to NFI will help strengthen carrier and customer interactions and offer more robust brokerage solutions that will be coupled with NFI’s existing in-house technology. In addition, NFI will add over 15,000 carriers to its already extensive carrier network.“We’re excited to welcome the Transfix brokerage team to NFI,” said Sid Brown, CEO of NFI. “Their experienced team provides an exceptional solution that aligns well with our strategy. We look forward to partnering with their customers and enhancing the experience for our current portfolio

The “platformization” of various business verticals promises to streamline online commerce. For example, digital freight platforms, such as Uber Freight, Convoy and Transfix, have transformed the traditional logistics and transportation industry. These platforms connect shippers with carriers using digital marketplaces, leveraging technology to optimize routes, reduce empty miles and streamline operations. There are consumer-facing platforms as well, such as Airbnb, which disrupted the traditional hotel and lodging sector

Payments Orchestration Can Give Platforms Competitive Advantage

Digital freight marketplace operator Transfix Inc. announced Thursday it has launched Transfix Shield, which aims to help shippers, carriers and brokers root out identity fraud across the commercial transportation industry.Transfix Shield includes RateCon Shield and Facility Shield, tools available to all freight brokerages and shippers. The tools are designed to help users protect their business, as well as those of their carrier partners, and consumers from the impact of freight fraud, according to Jonathan Salama, Transfix’s CEO and co-founder.“Fraud affects everyone. It’s like a full circle that begins with the shippers, brokers, carriers that are moving the freight,” Salama told FreightWaves. “When fraud happens in the freight industry, it costs brokers, carriers and ultimately it costs regular consumers, because it gets passed on to consumers.”The Transportation Intermediaries Association (TIA) contends that fraud in trucking is costing the industry as much as $800 million.“There’s a surge of malicious actors engaging in illegal activity, registering with the Federal Motor Carrier Safety Administration as carriers and perpetrating fraud, theft and holding freight hostage in situations without any legal consequences,” said Jeffrey Tucker, testifying on behalf of the TIA at a hearing before the U.S. House Transportation and Infrastructure Committee in January.New York-based Transfix is a digital freight marketplace connecting shippers and more than 30,000 carriers

Transfix Launches Tools To Tackle Fraud Across Freight Industry

02:06 Freight broker Transfix Inc. has added a new feature to its shipper app via an integration with logistics provider Rocket Shipping.

A collision prevention system expands its coverage area and more

Digital freight marketplace Transfix announced Thursday that it has partnered with transportation provider Rocket Shipping to provide customers with a new less-than-truckload booking feature.

Transfix partners with Rocket Shipping for LTL offering

The transportation and logistics company Transfix announced November 14 that it had launched its Request-for-proposal (RFP) Manager tool.

Transfix Launches RFP Manager Tool

Logistics platform connecting shippers and carriers

Transfix

Logistics platform connecting shippers and carriers

Transfix

Logistics platform connecting shippers and carriers

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