A spinoff from the recent acquisition of HubTran by the TriumphPay subsidiary of Triumph Bancorp (NASDAQ: TBK) is setting up shop to bring that technology to the freight forwarding business.
The new company, BravoTran, is based in Chicago.
A group of about a dozen employees from HubTran is taking what BravoTran founder and CEO Matt Bernstein said was a “nascent” effort at HubTran to penetrate freight forwarding, which he said suffers from the same excessive use of paper and antiquated processes...