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Transfix announces the sale of brokerage business to NFI Industries to focus on SaaS operations
Truck Industry Tech
Jun 5, 2024
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Truck Industry Tech

Truck Industry Tech

Jun 5, 2024

Transfix announces the sale of brokerage business to NFI Industries to focus on SaaS operations

M&A

  • 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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