Freightify is a digital freight forwarding platform that automates rate procurement, management, and quotation processes, enabling users to access and manage all freight rates from multiple carriers in a standardized format. By reducing the time required for rate searches and quote generation by up to 92%, Freightify addresses inefficiencies in freight pricing and operational workflows for logistics companies.
Funding
$18.2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Freight forwarders often struggle with inefficient processes for procuring, managing, and quoting freight rates, leading to delays and increased operational costs. Sifting through multiple carrier websites and rate sheets to find the best prices is time-consuming and prone to errors. This lack of a centralized system hinders quick and accurate quote generation, impacting sales and customer satisfaction.
Solution
Freightify offers a digital platform designed to streamline and automate freight rate management for logistics companies. The platform consolidates rates from various sources into a single, standardized format, enabling users to quickly search, compare, and manage pricing data. By automating rate procurement and quotation processes, Freightify reduces processing time and operational costs, while improving the speed and accuracy of freight quotes. The system integrates with existing TMS solutions and provides a white-labeled customer portal to enhance the customer experience.
Target Audience
Freightify primarily targets freight forwarders, NVOCCs, and logistics service providers seeking to streamline rate management, improve quoting efficiency, and reduce operational costs.
Features
- Centralized rate management from multiple LCL, FCL carriers, NVOCCs, and airlines
- Automated rate sheet processing and standardization
- Rule-based margin application for dynamic pricing
- Rapid quote generation with a comprehensive view of all available rates
- White-labeled customer portal for self-service quoting and tracking
- API integration with existing Transportation Management Systems (TMS)
- Real-time shipment tracking and analytics
- Contract reader for automated extraction of rates from contracts