Denim

Streamlined operations mean better customer relationships

Carriers, freight brokers, and 3PLs rely on steady cash flow and efficient processes to keep their operations running smoothly and to meet growth goals. The best customer service, as any carrier will tell you, is quick and responsive with payments, claims, and solutions. 

According to Bharath Krishnamoorthy, co-founder and CEO at Denim, freight brokers are seeing unprecedented operational strain and cash flow challenges as smaller margins force them to operate more efficiently, increase volumes...

https://www.freightwaves.com/news/streamlined-operations-mean-better-customer-relationships

Freight factoring can alleviate challenges of shrinking margins

For freight and transportation companies, steady revenue streams are vital. Particularly for carriers with fleets of equipment and full-time employees, operating expenses are never-ending and can quickly drown organizations without consistent cash flow. 

Shrinking margins tend to have a cascading effect in freight, with many brokers and carriers struggling to meet financial goals. Currently, it’s a shipper’s market with freight rates at historic lows. To make matters more difficult, carriers...

https://www.freightwaves.com/news/freight-factoring-can-alleviate-challenges-of-shrinking-margins

Persistence and partnerships help brokers win bids

For brokers, winning bids without a household name can prove difficult. This is especially true for growing brokers that are still working to scale their businesses in today’s challenging freight market. A powerful combination of persistence and partnerships can help.

In order to win bids, a broker must first capture a shipper’s attention. Specialization is one of the most effective ways brokers can do just that. Denim Head of Product Sean Smith has found that the most successful brokers that...

https://www.freightwaves.com/news/persistence-and-partnerships-help-brokers-win-bids

Axle Payments rebrands as Denim, raises $126M in Series B

Logistics fintech platform Axle Payments announced Thursday it has rebranded as Denim after declaring the company has closed its $126 million Series B funding round to continue building out payment solutions across the supply chain.

The funding round — led by Pelion Venture Partners with participation from Crosslink Capital, Anthemis, Trucks VC, FJ Labs, Tribeca Early Stage Partners and Refashioned Ventures — consists of $26 million in equity financing and $100 million in debt financing. Since...

https://www.freightwaves.com/news/axle-payments-rebrands-as-denim-raises-126m-in-series-b