66% of logistics pros say talent quality — not cost — is the #1 factor in choosing a nearshore partner. Rapido's integration model explains why that's the right question to be asking.
Plus, a carrier pleading guilty to mob money laundering while still FMCSA-active, Iran's first post-ceasefire attack and what it means for diesel surcharges, FedEx Freight's first earnings as a standalone company, and more in today's newsletter.
Freight brokers are measuring their inboxes wrong. Most inbound email is monitoring, not work. And the longtail categories that look like noise are costing real margin. Here's how to audit what's actually in your inbox, and why it matters in 2026's margin-first market.
Transfix secures $40M Series F at a 60% down round, from $940M to $376M valuation.
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.
For the most part, anything after C is a down round and a very ominous sign.
— FreightBrokerGuy (@FreightBrkrGuy) October 19, 2023
The investment landscape's volatility has sparked debates on social platforms like X, with users expressing apprehensions about such "down rounds."
Source: FreightWaves, X
66% of logistics pros say talent quality — not cost — is the #1 factor in choosing a nearshore partner. Rapido's integration model explains why that's the right question to be asking.
Freight brokers are measuring their inboxes wrong. Most inbound email is monitoring, not work. And the longtail categories that look like noise are costing real margin. Here's how to audit what's actually in your inbox, and why it matters in 2026's margin-first market.
Freight fraud is a multi-billion-dollar problem, and the old verification model is broken. Here’s the new standard every broker needs to build toward in 2026.
Freight AI pilots succeed. Production deployments often don't. Augment CEO Harish Abbott on the change management gap — and what ops leaders need to do before the tech even matters.
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