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Transfix Launches Transfix TrueRate+, a Proprietary Pricing Program that Delivers the Next Level of Transparency, Trust, and Savings

Introduces Shipper Savings model to the pricing ecosystem to help shippers mitigate risk during peak season and beyond

Transfix, Inc. (“Transfix”), the Intelligent Freight Platform,announced the launch of Transfix TrueRate+ (TTR+), a fresh approach to transportation pricing that guarantees tender acceptance, helping to reduce reliance on RFPs, and can deliver anticipated savings of upwards of 10% on average freight cost.

Rate opacity is a leading source of distrust across the transportation industry. Add to that the time-consuming RFP process, and transportation executives find themselves faced with a cumbersome process that lacks visibility and accountability, one that can often lead to higher costs with a degradation of service. Shippers that rely solely on the traditional spot and contract programs leave their supply chains susceptible to more risk across service and rates. Transfix TrueRate+ is designed to address these challenges and introduce a new level of ease, transparency, and trust.

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“We’ve heard repeatedly that traditional cost-plus products on the market make shippers feel as if they’re writing a blank check,” said Jonathan Salama, co-founder and CTO of Transfix. “Transfix TrueRate+ is designed to be a true partnership with our customers by providing them full visibility into costs, the benefit of our reliable service, and the peace of mind that comes with having a trustworthy partner amidst a volatile market.”

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Transfix TrueRate+ incorporates real-time market data and a blend of machine learning and industry expertise to derive a projected Market Rate. With TTR+, Transfix takes on a higher percentage of the costs if procuring above the Market Rate, while sharing a higher percentage of the savings with shippers when procuring below the Market Rate. As a result, TTR+ can offer prices upwards of 10% lower than the industry average.

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Additionally, by utilizing TTR+ and Transfix’s powerful AI technology, logistics expertise, and strategic network of nearly 30,000 carriers, shippers can benefit from guaranteed tender acceptance, the opportunity to simplify the RFP process with a potential for reduced operations overhead providing more time to focus on their core business initiatives, and reduced reliance on the spot market.

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[To share your insights with us, please write to sghosh@martechseries.com]

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