A robust, proactive, and responsive security system is essential to reduce cargo theft risks effectively. Leading the charge in these solutions is remote live video monitoring. Learn more here.
In the latest episode of "The Freight Caviar Podcast", we sit down with Danny Frisco, CEO & Co-Founder at Rapido Solutions Group. He discusses the advantages and disadvantages of outsourcing and Rapido's future growth plans.
Plus, an EV maker partners with Ryder to test a hybrid diesel system, HappyRobot releases an AI update for brokers, and load board traffic declines over the past 3 months.
Transfix, a digital freight platform analogous to Convoy, raised $40 million in a Series F funding round. Intriguingly, this announcement coincided with Convoy's abrupt decision to shut down operations. Earlier in July, FreightWaves had hinted at Transfix's intent to fundraise, making this Series F, a round quite deep into a startup's lifecycle.
There's a note of caution in Transfix's story: a 60% devaluation from their $940 million worth in March 2020 to a current $376 million. This drastic shift underscores the instability within the venture capital and freight markets.
Interestingly, Transfix was on track to go public through a SPAC deal last year, but the arrangement ultimately fell apart.
Public Sentiment and Skepticism
The investment landscape's volatility has sparked debates on social platforms like X, with users expressing apprehensions about such "down rounds."
A robust, proactive, and responsive security system is essential to reduce cargo theft risks effectively. Leading the charge in these solutions is remote live video monitoring. Learn more here.
AmeriPol helps logistics companies overcome talent shortages by outsourcing freight and IT operations to Poland and Bosnia. Here's how they got their start.
91% of phishing attempts take place via email. As a freight broker, that puts your operations at a significant risk. But with Epay Manager you can systemically block fraudsters from ever entering your back-office systems.
Keep up with the freight broker world in 5 minutes.
Join over 11K+ subscribers to get the latest freight news and entertainment directly in your inbox for free. Subscribe & be sure to check your inbox to confirm (and your spam folder just in case).