• ITVI.USA
    11,391.750
    23.830
    0.2%
  • OTLT.USA
    3.510
    -0.005
    -0.1%
  • OTRI.USA
    20.180
    -0.080
    -0.4%
  • OTVI.USA
    11,371.250
    24.020
    0.2%
  • TSTOPVRPM.ATLPHL
    2.580
    -0.120
    -4.4%
  • TSTOPVRPM.CHIATL
    3.550
    0.030
    0.9%
  • TSTOPVRPM.DALLAX
    1.300
    0.010
    0.8%
  • TSTOPVRPM.LAXDAL
    3.710
    0.060
    1.6%
  • TSTOPVRPM.PHLCHI
    2.140
    -0.010
    -0.5%
  • TSTOPVRPM.LAXSEA
    4.100
    -0.100
    -2.4%
  • WAIT.USA
    136.000
    -3.000
    -2.2%
  • ITVI.USA
    11,391.750
    23.830
    0.2%
  • OTLT.USA
    3.510
    -0.005
    -0.1%
  • OTRI.USA
    20.180
    -0.080
    -0.4%
  • OTVI.USA
    11,371.250
    24.020
    0.2%
  • TSTOPVRPM.ATLPHL
    2.580
    -0.120
    -4.4%
  • TSTOPVRPM.CHIATL
    3.550
    0.030
    0.9%
  • TSTOPVRPM.DALLAX
    1.300
    0.010
    0.8%
  • TSTOPVRPM.LAXDAL
    3.710
    0.060
    1.6%
  • TSTOPVRPM.PHLCHI
    2.140
    -0.010
    -0.5%
  • TSTOPVRPM.LAXSEA
    4.100
    -0.100
    -2.4%
  • WAIT.USA
    136.000
    -3.000
    -2.2%
FreightWaves LIVEFreightWaves LIVE: Events PodcastLogistics/Supply ChainsNewsSupply Chains

FreightWaves LIVE recap: Technology partnerships becoming table stakes

Technology startups will need to have unique offerings in the future

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.’”

Click here for more articles by Grace Sharkey.

Related Articles:

WeWork CFO joins Transfix executive team to accelerate growth

Transfix launches TMS for small businesses

Transfix, project44 announce strategic partnership

Grace Sharkey

Grace is an entrepreneur and former supply chain executive who has held positions in sales, operations, and consulting. She is passionate about the future of the industry and how technology can improve the experience for all supply chain members. She believes supply chain is the one industry that affects every human directly, and is looking forward to creating content that mirrors that sentiment. If you have a story to share, please contact me at gsharkey@freightwaves.com.

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