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Drew McElroy, Co-founder & CEO of Transfix

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Manage episode 312511815 series 3237057
Content provided by Dorm Room Fund. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Dorm Room Fund or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Tej Singh interviews Drew McElroy, the Co-founder & CEO of Transfix, an on-demand freight marketplace for shippers and carriers. It matches truck drivers with extra cargo space with shippers looking to send their goods to their destination. The trucking industry is massive, with long-haul trucking and logistics comprising almost 1% of the U.S. economy. The industry is also incredibly inefficient: nearly 20% of miles are driven with empty trailers, adding up to 65 billion annual empty miles. Transfix's marketplace eliminates waste in the supply chain through mobile technology, machine learning, and big data analytics, and has the numbers to back it up: the company has crossed the golden $100M+ revenue run-rate.

  continue reading

49 episodes

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iconShare
 
Manage episode 312511815 series 3237057
Content provided by Dorm Room Fund. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Dorm Room Fund or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Tej Singh interviews Drew McElroy, the Co-founder & CEO of Transfix, an on-demand freight marketplace for shippers and carriers. It matches truck drivers with extra cargo space with shippers looking to send their goods to their destination. The trucking industry is massive, with long-haul trucking and logistics comprising almost 1% of the U.S. economy. The industry is also incredibly inefficient: nearly 20% of miles are driven with empty trailers, adding up to 65 billion annual empty miles. Transfix's marketplace eliminates waste in the supply chain through mobile technology, machine learning, and big data analytics, and has the numbers to back it up: the company has crossed the golden $100M+ revenue run-rate.

  continue reading

49 episodes

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