Andrew is joined by Jonathan Salama, the CEO and co-founder of Transfix, a logistics technology company. He discusses Transfix's origins, starting as a freight brokerage business that he and his co-founder Drew built from the ground up. They focused on automating key functions like pricing, scheduling, and carrier management using machine learning models.
When the pandemic hit, Transfix's technology proved invaluable in navigating the volatility. However, Transfix later had to pivot away from being a full-service broker when plans for a SPAC deal fell through. Salama then took over as CEO and refocused the company on its pricing automation technology, which he believes is highly differentiated and can be licensed to other brokers and shippers.
Salama emphasizes the importance of building a strong team and doing right by people as key lessons from his 10 years in the freight industry. He remains optimistic about Transfix's future, believing the company can continue to make a positive impact by helping carriers and the broader supply chain through innovative technology solutions.
***Episode brought to you by Rapido Solutions Group. I had the pleasure of working with Danny Frisco and Roberto Icaza at Coyote, as well as being a client of theirs more recently at MoLo. Their team does a great job supplying nearshore talent to brokers, carriers, and technology providers to handle any role necessary, be it customer or carrier support, back office, or tech services.***
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*** This episode is brought to you by Rapido Solutions Group. I had the pleasure of working with Danny Frisco and Roberto Icaza at Coyote, as well as being a client of theirs more recently at MoLo. Their team does a great job supplying nearshore talent to brokers, carriers, and technology providers to handle any role necessary, be it customer or carrier support, back office, or tech services. Visit gorapido.com to learn more.
A special thanks to our additional sponsors:
- Cargado – Cargado is the first platform that connects logistics companies and trucking companies that move freight into and out of Mexico. Visit cargado.com to learn more.
- Greenscreens.ai – Greenscreens.ai is the AI-powered pricing and market intelligence tool transforming how freight brokers price freight. Visit greenscreens.ai/freightpod today!
- Metafora – Metafora is a technology consulting firm that has delivered value for over a decade to brokers, shippers, carriers, private equity firms, and freight tech companies. Check them out at metafora.net. ***
The Freight Pod