NFI acquired Transfix’s freight brokerage operation, allowing Transfix to pivot its core business to solely focus on software and data solutions for brokers, shippers, and carriers, and NFI set to be the first third-party customer to utilize Transfix’s transportation management system (TMS).
“We’re excited to welcome the Transfix brokerage team to NFI,” says Sid Brown, CEO of NFI. “Their experienced team provides an exceptional solution that aligns well with our strategy. We look forward to partnering with their customers and enhancing the experience for our current portfolio. As one of the largest and most diversified 3PLs in the marketplace, NFI can leverage its scale and offer its existing service offerings of dedicated transportation, warehousing and distribution, and port services to the Transfix customer base.”
“We believe the Transfix TMS will be a game changer for us,” says David Broering, president of integrated logistics solutions at NFI. “This acquisition and ongoing partnership is a great opportunity to accelerate our digital approach while combining our operational strength with their technical expertise to create more value for our customers and carriers.”
Key takeaways:
- The Transfix team will help strengthen NFI’s carrier and customer interactions and offer more robust brokerage solutions coupled with NFI’s in-house technology. In addition, NFI will add over 15,000 carriers to its already extensive carrier network.
- The Transfix Intelligent Freight Platform is a TMS that utilizes automation and machine learning to drive processing costs significantly below industry standards. Following the acquisition, Transfix will entirely focus on taking its technology to market as a SaaS and data solutions provider that addresses the distinct needs of brokers, shippers, and carriers.
“NFI was the perfect cultural and operational fit for our customers, carriers, and team,” says Jonathan Salama, co-founder and CEO at Transfix. “In addition to a deep commitment to outstanding service, NFI is dedicated to excellence in innovation and sustainability. We are thrilled to partner with an organization that shares our values and principles, and to seamlessly transition our brokerage business and the customers we serve to the welcoming hands at NFI. And now, with this acquisition, we’re able to expand our best-in-class solutions that have powered our business for over a decade to our peers in brokerage. This is an exciting time for all parties involved and we look forward to this next chapter.”
“As someone who grew up in the brokerage business, I am thrilled about the next chapter at Transfix,” says Drew McElroy, co-founder and chairman of the board at Transfix. “Opening up our decade of technological advancements to brokers industry-wide is set to create substantial value for brokers everywhere. I am also deeply appreciative of NFI’s commitment to advancing the industry by incorporating our technology and for welcoming many of our talented teammates.”
