Global Transportation Spend Management (TSM) solutions provider, Trax Technologies, has been named a 2023 Top 100 Logistics IT Provider by Inbound Logistics magazine.
Why was Trax recognized by Inbound Logistics?
TSM incorporates global freight audit and payment (FAP) services, but expands FAP through the use of modern data aggregation, analytic tools, and AI, to address a broader set of enterprise needs – from global rate management and procurement solutions, to working capital improvements techniques, to carbon accounting and emissions reporting solutions.
Trax saves its clients over a billion dollars annually by leveraging its cloud-based TSM platform, which is the broadest and most global TSM solution on the market today.
Due to the organization’s unique value-add to its customers and leadership within the transportation industry, Trax Technologies was selected from hundreds of nominations submitted for global companies offering logistics IT solutions. The editors at Inbound Logistics selected honorees that reflect leadership by answering and anticipating supply chain leaders’ needs for simplicity, flexible pricing, return-on-investment, and frictionless implementation.
“Top 100 Logistics IT Providers such as Trax help customers navigate the complexities of global trade and expansion,” commented Felecia Stratton, editor, Inbound Logistics.
“Trax Technologies provides the technology solutions Inbound Logistics readers need to successfully manage their global enterprises, minimize disruption damage, and adapt to changing trade currents. Inbound Logistics is proud to honor Trax Technologies for innovative solutions empowering global logistics and supply chain excellence,” Stratton further added.
What does the recognition mean for Trax?
“Inbound Logistics’ inclusion of Trax in its Top 100 Logistics IT Providers for 2023 is a validation of Trax’s continuous commitment to delivering solutions that positively impact our clients’ global, multimodal logistics networks,” commented Hampton Wall, CEO of Trax.
“By enabling simultaneous improvements in cost-to-serve, delivery times, and scope 3 emission reductions, Trax has proven to be a valuable partner to global enterprises during these tight economic and climate-conscious times,” Hampton Wall further commented.
“As we look to the future, Trax will continue to innovate and leverage strategic partnerships with other top freight tech providers to provide enterprises seamless logistics control tower capabilities that increase clients’ control of logistics costs, service times and emissions.”
Access the Top 100 Logistics IT Providers list is available by visiting the website.
