Transfix Launches AI-Driven Software Suite For Enterprise Brokers and Carriers
July 11 2024 - 9:30AM
Transfix, a next-gen software and data solutions provider for the
freight industry, today announced the release of its first set of
solutions following the sale of its brokerage operations and
business pivot in early June.
The software suite enables customers to integrate AI and
automation into each stage of the load lifecycle, translating into
more time spent focusing on priority tasks, including booking new
loads and securing capacity, as well as a significant decrease in
processing costs throughout the freight management process.
“Our 10+ year history running a successful brokerage enabled us
to develop solutions with one thing in mind—finding and gaining an
edge. Every minute counted when we were on the front lines of
freight brokerage, so we know firsthand the value these types of
tools can bring to others,” said Jonathan Salama, CEO and
Co-founder of Transfix. “Our initial suite of software offerings
allows freight business leaders to create new and bespoke
efficiencies within their existing tech stack - whether proprietary
or third party - with the power of AI and automation, in a fast,
impactful, and measurable way.”
The modular solutions span across the following categories:
- AutoBid - Instantly price contract & spot
freight with proprietary pricing algorithms, connect directly into
shippers’ TMS with autobidders.
- AutoAccept - Automate acceptance and rejection
of freight based on predefined rules aligned to customer KPI
standards.
- AutoSched - Use predictive scheduling to
communicate with shipper systems to select the highest quality
appointments.
- AutoBook - Automate load coverage using a
waterfall selection process and coach brokers to identify the best
option and collaborate internally in real-time.
- AutoValidate - Transition shipment ownership
seamlessly with GenAI-powered load summaries and fight fraud with
load verification.
A new interactive calculator developed by Transfix helps
businesses assess the cost-saving impact these solutions can have
on their operations.
“If the Transfix system was an available product when we were
looking to build our own, we wouldn't have built it at all,” said
David Broering, President of Integrated Logistics Solutions at NFI.
“There is an evolution coming in the freight tech space - one that
will accelerate the unbundling of the TMS in favor of powerful and
dynamic components. Transfix is the first to really get in front of
this critical shift. What they have blew us away. Each component
has a depth and capability that is unmatched in our industry.”
“We’re in conversations with some of the biggest brokers and
carriers in the country, and integrating AI and automation into
their freight management work streams is a top priority across the
board,” added Salama. “Not only do our solutions address these
goals directly, but they are designed to scale with our partners’
needs and drive incredible value across the entire lifecycle of a
load.”
Brokers, Carriers, 3PLs, and 4PLs that are interested in
learning more can contact learnmore@transfix.io.
About TransfixIn June 2024, Transfix pivoted
its core business to solely focus on powerful software and data
solutions for brokers, shippers, and carriers. With over a decade
of expertise, innovation, and a deep understanding of the logistics
operations of many of the largest businesses in North America,
Transfix's expansive SaaS feature suite and data models, powered by
AI and automation, are designed to decrease time and costs, and to
drive a more profitable trucking ecosystem for all.