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Transportation fintech provider OTR Solutions announced Tuesday it has acquired back-office...
Invoicing platform Navix announced it has entered into a partnership with top 10 U.S. brokerage Echo Global Logistics to provide support for Echo’s back-office automation goals.
“[Echo] felt that we had a solution that was an industry game changer robust enough and supplemented the direction of their technology roadmap,” Eric Krueger, co-founder and president of Navix, said on Tuesday. “Ultimately this allowed them to find opportunities within their workflows, processes, and even some instances...
https://www.freightwaves.com/news/echo-partners-with-navix-to-enhance-freight-bill-auditing
By Haley Evans, SVP, Broker and 3PL Services at TriumphPay
Booking freight may be brokers’ primary trade, but building and maintaining carrier relationships is their forte. Fostering connections is crucial in garnering success in this industry — anyone can book a load with carriers, but it takes a bit of skill to get them to keep coming back.
Charisma only goes so far in this hypercompetitive, digitally connected industry. The freight market is moving faster every year, as 50%-60% of the loads...
https://www.freightwaves.com/news/3-reasons-why-brokers-choose-triumphpay
By Tim Valdez, senior vice president, factor leader at TriumphPay
The trucking industry is moving at a pace faster than most could have imagined a little over a decade ago. This has given way to an arms race of sorts, as companies push for the latest in FreightTech to gain an advantage in the ever-changing market.
The competitive nature of this industry has greatly compressed margins. Factors wanting a competitive edge are looking internally at the back office to maximize efficiency, but playing...
https://www.freightwaves.com/news/4-reasons-why-factors-turn-to-triumphpay
By Keith Beckman, SVP of corporate development and strategic planning at TriumphPay
It’s true, you’re only as strong as your weakest link. Even the smallest inefficiencies can profoundly disrupt shipments, which sets off ripple effects that ultimately reach the end consumer, the most visible part of the supply chain.
It goes without saying that logistics issues have dominated headlines across mainstream news outlets as of late. As bottlenecks continue to stretch thin shippers’ abilities to keep...
https://www.freightwaves.com/news/automation-needed-to-navigate-new-normal
By Matt Bernstein, founder and CEO of BravoTran
On June 1, we launched BravoTran. Behind the scenes, inside HubTran, we had been preparing for over a year. This is the story of why we built BravoTran and where we’re taking the company.
When I founded HubTran in 2015, automating back-office and document workflows was not top of mind for transportation companies. But our powerful value proposition struck a chord in the U.S. 3PL industry, and the business grew rapidly, resulting in a $97 million...
By Melissa Forman-Barenblit, SVP, Chief Strategy Officer at TriumphPay
For such a fast-moving industry, trucking has traditionally been slower to embrace new technologies. But the tides are turning, and the days of the same old, same old are waning.
The past decade has brought about a technological renaissance of sorts to the trucking industry, gaining even more momentum in 2017 after the ELD mandate went into effect. What was once a contentious debate over the move from paper to electronic logs...
https://www.freightwaves.com/news/no-better-time-than-now-to-adopt-new-technologies
It’s been a busy month for Josh Asbury, vice president of 3PL and Broker at HubTran.
Making the rounds this past month announcing HubTran’s latest product, Lights-Out Processing, Asbury is excited to divulge yet another monumental move for the back-office automation platform.
HubTran announced earlier this month plans to consolidate with carrier payments platform TriumphPay, in an ambitious effort to form a fully integrated payments network for the entire transportation industry.
Both companies...
Conduct an internet search of artificial intelligence (AI) and you’ll find a plethora of articles describing what it is and how it’s transforming every part of our lives. From cybersecurity, medical treatments and weather forecasting to predictive purchasing, music composition and social media, AI is integrated into everyday life, even when we don’t realize it.
But what exactly is AI? Made up of machines and computer programs, AI learns to perform tasks that historically required human...
The transportation and logistics landscape of today looks a lot different than it did just a few short years ago. An industry once overflowing with paperwork, manual data-logging and pencil-pushing has come to embrace new technologies to track and move freight as well as streamline manual processes.
A top priority for brokers, carriers and logistics providers alike has become automating back-office processes to simplify invoicing and other freight management tasks. Early adopters have gained a...
https://s29755.pcdn.co/news/scalable-growth-starts-with-the-back-office