This fireside chat recap is from Day 2 of FreightWaves LIVE @HOME.
FIRESIDE CHAT TOPIC: Great companies should always be in stealth mode
DETAILS: Drew McElroy of digital freight marketplace Transfix and FreightWaves’ JP Hampstead discuss the dissolving borders between freight matching, transportation management systems and real-time visibility and speculate on the next generation of FreightTech startups born in an API-rich ecosystem.
SPEAKER: McElroy is the founder and executive chairman of Transfix.
BIO: McElroy previously was the president of Priority Distribution, a 3PL that provided managed logistics services including inventory management, store deliveries, returns management and consolidation services.
KEY QUOTES FROM MCELROY:
“The pandemic has acted as a tailwind for our business and all things FreightTech. We were snowballing down the hill before the pandemic and ultimately this has made everyone, from shipper to carrier and everyone in between, realize that there are opportunities here to make all of our lives better going forward.”
“[Going to] one place that has the strategic planning [for technology] and the visibility and the data and the risk, [they] put together the optimized solution and then is responsible for executing it, that is the end goal.”
“When we started Transfix, we started with the marketplace. … We choose to start with the execution. … There is a resistance in our industry to trust because people have been burned for a long time. We thought the best vector for us was to ‘put your money where your mouth is.’”