The Official Newsletter of
In This Issue
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Transflo’s 2021 Carrier’s Guide to Fleet Profitability
Better Fleet Management: 3 Tips to Control Costs & Boost Profits
Trucking News: Sagemount Investment, New ATA Data, and Truck Parking
Brokers Can Grow Capacity and Profits by Exiting the Banking Business
Transflo and True Wind Capital Announce New Equity Investment
IMPORTANT: Secure Your ELD Replacements Before Disruption Occurs
Transflo’s 2021 Carrier’s Guide to Fleet Profitability
To pre-register for a free copy of the Fleet Profitability Guide, Click Here!
Better Fleet Management: 3 Tips to Control Costs & Boost Profits
Just like any business, carriers always have their eye on higher profits. But with so many conflicting priorities, it’s difficult to know which areas will have the greatest impact on your bottom line. To help you improve fleet management and boost your revenue, we’ve put together a few expert tips on the topic. Learn how to improve fleet management here!
Trucking News: Sagemount Investment, New ATA Data, and Truck Parking
We’re excited to announce a significant new equity investment that will help us fuel enhancements to the Transflo digital ecosystem and deliver the next great breakthrough in transportation technology.
Bregal Sagemount is a global private equity firm that specializes in backing growing companies. “We are thrilled to partner with the management team and investor base at Transflo,” said Philip Yates, a founding partner of Sagemount. “Transflo is poised to expand its position as a leading cloud-based business intelligence and payments engine in the transportation sector.” Continue Reading Here.
Brokers Can Grow Capacity and Profits by Exiting the Banking Business
Shippers are transferring more business to freight brokers and third-party logistics providers (3PLs). As much as 25 percent of total truckload freight volumes moved through the spot market during certain periods of 2021. Before the pandemic, only 13 percent of shipments were spot moves.
In Q3 of 2021, 3PL shipment volumes increased by 6.8 percent compared to Q2 of 2020, according to the 3PL Market Report by the Transportation Intermediaries Association (TIA).
Revenues went up but 3PLs are paying carriers more, and their operating costs have increased by working harder and longer to find capacity. Continue Reading Here.
Transflo and True Wind Capital Announce Significant New Equity Investment From Bregal Sagemount
New investment provides leading software company for the supply chain and transportation sectors with significant additional resources to drive growth.
Transflo, a leading provider of mobile business intelligence and payments facilitation tools to the transportation sector, today announced a significant new equity investment. Together with True Wind Capital (“True Wind”), a San Francisco-based private equity firm focused on investing in leading technology companies, Transflo welcomes Bregal Sagemount (“Sagemount”), a global private equity firm that specializes in backing growing companies to the Board and investor base. Continue reading here.
It’s Time to Secure Your Fleet’s ELD Replacements NOW
With 3G sunsetting already under way, it’s time to pre register to secure your fleet’s ELD replacements. Fill out the form to get on the wait list for Transflo T-9 devices (powered by Geotab). We’ll make sure your fleet has a smooth transition and doesn’t miss a beat. Get on the 4G-Device Replacement List Here.