Highway offers a Carrier Identity platform that mitigates fraud and enhances the security of digital freight bookings for brokers and 3PLs. The platform provides robust verification services, automated compliance monitoring, and advanced analytics to identify reliable carriers and streamline logistics operations.
Funding
Funding not disclosed
Founders
Product
Problem
The freight industry faces significant challenges with fraud, including carrier impersonation, double-brokering, and compliance violations, which disrupt operations and increase risk. Traditional methods for carrier verification are often manual, time-consuming, and insufficient to detect sophisticated fraudulent activities. This leads to inefficient digital freight bookings and a lack of trust within the supply chain.
Solution
Highway provides a comprehensive Carrier Identity platform designed to mitigate fraud and enhance the security of digital freight bookings. The platform offers robust verification services that enable brokers to identify reliable carriers, build secure networks, and automate compliance monitoring. By centralizing carrier data and applying advanced analytics, Highway streamlines operations and reduces risk throughout the freight lifecycle. This allows brokers to confidently source and engage with carriers, ensuring greater transparency and efficiency in their logistics operations.
Target Audience
Primary customers are freight brokers and 3PLs seeking to reduce fraud, improve carrier vetting, and streamline their digital booking and compliance processes.
Features
- **Carrier Identity Verification:** Utilizes a proprietary identity engine to verify carrier legitimacy, including rightful owner validation and dispatch service detection.
- **Automated Compliance Monitoring:** Enforces custom business rules for compliance, with real-time notifications for carrier changes and integrated TMS capabilities.
- **Lane Certainty™ Route Analysis:** Geospatial algorithm matching carrier data points to actual lane routes for optimized carrier selection.
- **Fleet Analytics and Insights:** Provides visibility into over 280,000 carriers, including fleet portfolios, equipment types, and lane preferences, alongside over 225,000 data insights.
- **Fraud Prevention Tools:** Offers real-time alerts for FMCSA contact detail changes, identification of suspicious brokers, and protection against unauthorized use of carrier identity.
- **Trusted Freight Exchange (TFX):** A secure digital marketplace for verified carriers and vetted brokers, powered by identity verification, compliance checks, and integrated payment solutions.
- **API-First Architecture:** A modern, developer-friendly infrastructure enabling seamless integration with existing TMS and other logistics platforms.
- **Highway for Carriers:** A free service for carriers to control access to their company information, onboard with brokers rapidly, and receive fraud alerts.