Portex

Portex is a cloud-based software platform that enables small to mid-sized businesses (SMBs) to manage their freight operations efficiently. The company's solution allows users to centralize communication with freight partners, manage shipments, and handle various aspects of freight management in one place. Portex's platform facilitates tasks such as securing competitive rates, reviewing automated analytics, and tracking shipment status. The system is designed to be more accessible and cost-effective for SMBs compared to traditional Transport Management Systems (TMS), which are often geared toward larger companies. As of September 2024, Portex was approaching nearly USD 100 million in annualized freight transport bookings across its growing global customer base. The company's platform has reportedly helped users reduce up to 25 hours per week on manual freight tasks and save up to 30% on annual freight spend. Portex is broker-agnostic, allowing shippers to work with multiple brokers or carriers based on their pricing and service needs. The company is also developing AI-powered features to enhance automation and strategic decision-making in freight management.

Key customers and partnerships

Portex's customer base includes small to mid-sized companies across various industries. Some of the notable customers are Armorock, Franklin Foods, and Community Coffee. The platform is designed to cater to SMBs, which are responsible for approximately half of the USD 4 trillion spent on freight annually.