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DALLAS, Feb. 10, 2022 (GLOBE NEWSWIRE) — Trax Technologies announced that it has entered into a strategic partnership with project44, the world’s leading supply chain visibility platform for shippers and logistics service providers. Trax Technologies is the global leader in transportation expense management, improving freight auditing and payment (FAP) with advanced technologies and premium solutions for global shippers and logistics service providers with complex transportation logistics ecosystems. project44based in Chicago, Illinois, is the most advanced global provider of connected, automated visibility into key transportation processes to accelerate insights into the physical flow of goods around the world.
The project44 and Trax partnership creates the leading transportation spend management solution that brings visibility into the flow of physical and financial supply chain logistics data in a single technology ecosystem for shippers and logistics service providers to generate an optimized cost of service for logistics spend while maintaining the highest levels of On-Time-in-Full (OTIF) service and performance. Strategic partnership of project44’s visibility into physical event data of shipments with Trax’s visibility and control of transportation spend through global freight auditing and payment creates an unparalleled solution for enterprise shippers global and logistics service providers linking shipping performance and cost of service with real time insights.
“Many of our customers have shared with us the difficulty they have in seeing the movement of goods globally and aligning it with their service cost decisions. proactively and quickly. We are extremely pleased to be the only transportation expense management provider to offer this partnership and opportunity to our current and future customers,” said Josh Bouk, President of Trax. “Thanks to this exciting partnership with project44, we can now help our customers advance the way they manage multiple stages of their supply chain, increase the quantity and quality of data and actionable insights at their fingertips, and ultimately improve the speed and efficiency of service for their customers.”
The partnership between Trax and project44 brings better decision-making to customers of both companies. Benefits of the partnership include actionable insights into transportation activities and the resulting impact on costs, leading to real-time problem solving, improved fare planning and management, higher customer satisfaction and more collaborative shipper-carrier relationships. Plus, Project 44 and Trax’s one-to-many integration capabilities ensure performance and cost insights across the globe, regardless of technology stack, region, mode, lane, or carrier. .
“We are excited to work with Trax to combine visibility into the movement of goods with the financial impact of these transportation events,” said project44 President Tim Bertrand. “With Trax, project44 is focused on providing much-needed visibility and actionable insights into events within the global supply chain. Our solutions, together, ensure ease and confidence in decision-making more intelligent, which is now more essential than ever to deal with mounting supply chain bottlenecks.”
“This partnership between Trax and project44 makes me incredibly excited for our global customers,” said Chris Cassidy, executive vice president of sales and strategic partnerships, Trax. “The real-time problem solving, improved planning, and exceptionally robust transportation data and information now available to our customers will dramatically improve their supply chain control tower’s cost and service efficiencies.” , which will lead to increased customer satisfaction and improved operating margins. »
Trax customers, and their more than $22 billion in transportation spend under management, gain increased control and transparency over transportation spend, a growing share of the cost of service for all global businesses and service providers linguistics, through a robust software and analytics platform that raises global standards for freight auditing, cost allocation, logistics data management, payment automation and supply chain finance. With project44, Trax now delivers real-time, end-to-end supply chain visibility, cost optimization, and working capital solutions for shippers, carriers, and 3PL/4PLs in the global multimodal marketplace. and the company is a trusted partner. many of the largest and most sophisticated supply chains in the world.
About Trax Technologies:Trax is the global leader in transportation expense management solutions. Trax enhances traditional freight auditing and payment with a combination of cloud-based technology solutions and industry-leading expert services to help companies with the world’s most complex supply chains better manage and control their global transportation costs and increase enterprise-wide efficiency and value. With a global footprint spanning North America, Latin America, Asia, and Europe, Trax delivers data-driven visibility and insights, greater savings, and better control of transportation spend for shippers and 3PL/4PLs of all sizes. Visit us at www.traxtech.com.
Media Contact:Greg Tucker952-322-0709[email protected]