TEG provides an integrated logistics technology platform that helps 3PLs source carrier capacity, automate carrier compliance, and streamline freight payments. The platform combines a carrier marketplace with continuous compliance monitoring and a consolidated payment system that can settle multiple carrier invoices in a single transaction. TEG also offers carriers the option to receive payment in as little as 60 minutes on eligible invoices.
Funding
Funding not disclosed
Founders
Product
Problem
Third-party logistics providers (3PLs) often rely on manual, time-consuming processes to source carrier capacity, verify carrier compliance, and settle freight invoices. These workflows involve extensive phone calls, emails, paperwork, and reconciliation efforts, which slow operations, increase administrative burden, and expose supply chains to compliance and payment risks.
Solution
TEG provides an integrated logistics technology platform that digitizes and automates carrier sourcing, compliance, and payments for 3PLs. Carrier Sourcing lets users set load requirements and receive e-quotes from both their existing carrier network and a secure on-demand marketplace, with options to compare price, service, and emissions. Carrier Compliance automates onboarding and continuous monitoring, enabling suppliers to self-onboard via a link and reducing onboarding time by up to 90%. Integrated Payments matches orders, PODs, and invoices automatically, consolidates carrier payments into a single bulk transaction, and offers embedded finance options that let carriers get paid in as little as 60 minutes on eligible invoices.
Target Audience
Primary customers are third-party logistics providers (3PLs) and freight brokers operating in the UK and Europe who need to source carrier capacity, maintain compliance standards, and streamline carrier payments.
Features
- Carrier Sourcing platform that connects 3PLs with existing carriers plus a secure on-demand marketplace, delivering multiple quotes per load
- Interactive map for exploring carrier availability across the UK and Europe, including specialty services
- Automated carrier compliance with self-service onboarding, custom requirement checklists, and continuous monitoring with real-time exception alerts
- Integration with TEG Transport Execution and third-party TMS systems that automatically blocks non-compliant carriers
- Integrated Payments with automated freight audit, invoice matching, and consolidated single-transaction settlement across multiple carriers
- Embedded finance feature allowing carriers to receive payment in 60 minutes on eligible invoices, plus early-payment rebates for 3PLs
- Real-time remittance updates and auto-reconciliation that notifies carriers and marks invoices as paid automatically
- Market intelligence tools providing lane pricing and supply & demand data for informed decision-making