Transfix, a provider of freight matching and tracking solutions for fleets, has announced the sale of its brokerage business unit to NFI Industries, a third-party logistics provider, for an undisclosed sum.
Following the acquisition, more than 100 Transfix employees, including the majority of the brokerage and operations teams, will be employed under NFI. Transfix will divert its focus toward its Software-as-a-service (SaaS) offering, providing software and data solutions for brokers, shippers, and carriers.
Analyst Quick Take: In recent years, Transfix has displayed a dedication toward enhancing its transport management solution (TMS) offering. In March 2024, it launched a new suite of fraud-prevention tools and enhanced the less-than-truckload (LTL) features of its Shipper App. In 2023, the company introduced several enhancements to its platform, including security features and a new simplified request for proposal (RFP) solution. The sale will allow the company to enhance its focus on the SaaS offering.
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