NFI acquires Transfix brokerage

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NFI (CCJ Top 250, No. 20) on Wednesday acquired Transfix’s freight brokerage operation, adding more than 15,000 carriers to its already extensive carrier network. 

Headquartered in Camden, New Jersey, NFI owns and operates over 70 million square feet of warehouse space alongside a dedicated fleet of 4,900 tractors and 13,700 trailers.

Established in 2013, Transfix was the first tech-powered brokerage, but the divesture allows the company to pivot its core business to solely focus on software and data solutions for brokers, shippers, and carriers. NFI is set to be the first third-party customer to utilize Transfix’s TMS – the Transfix Intelligent Freight Platform. Transfix will now 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.

“We believe the Transfix TMS will be a game changer for us,” said 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.”

The newly launched Transfix organization will initially go to market with an expansive SaaS feature suite designed to bring operational efficiency and transparency to various stages of the truckload lifecycle for freight brokers, shippers, and carriers, and to deliver significant reduction in processing cost. 

Jonathan Salama, Transfix co-founder and CEO, noted NFI was "the perfect cultural and operational fit for our customers, carriers, and team."

“As someone who grew up in the brokerage business, I am thrilled about the next chapter at Transfix,” added 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.”