Former Transfix CEO Drew McElroy, who co-founded the freight-brokerage startup in 2013, stepped down from the top role on Friday. He's now chair of the board. As other digital freight marketplaces report layoffs, Transfix's employment growth has slowed in recent years and the company hasn't raised funds since December 2018.
Transfix's core product offering is an app and website that pairs truck drivers who need jobs with retailers or manufacturers who have loads to move. The goal is to automate the process, which could eliminate remarkable inefficiencies across the $800 billion trucking industry — a vision was so enticing that, not even an hour into its existence, Transfix was taking calls from Barnes & Noble.
"We're incredibly humble team," Shen told Business Insider. "We've been quietly working incredibly hard at building a really strong and sustainable business." "I'm a connector, and I constantly think about ways in which you can further enable that — whether it's through automation or through processes or through community building," Shen said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ben Horowitz: 10 ways to be a wartime CEO as ecession looms - Business InsiderBen Horowitz says that a wartime CEO steering a company through an existential crisis requires a radically different management style a16z larryellison Oracle OracleDevs ORCLCitizenship MichaelDell business EU_Commission ecb JohnTChambers CNBCMakeIt NYSE Nasdaq NasdaqTech CNBC MarketWatch CapitalGroup HarvardBiz techreview mitsmr WhiteHouse VMware Infrastructure Forbes save_children Cisco
Source: BusinessInsider - 🏆 729. / 51 Read more »
CureVac CEO interview, coronavirus vaccine development, controversy - Business InsiderEverything you need to know about CureVac, the German drugmaker working on a coronavirus vaccine that's at the heart of a US-German controversy I want to know about the other ~25companies they were talking to. DecriminaliseAllDrugUseNow CORONAVIRUSUPDATE
Source: BusinessInsider - 🏆 729. / 51 Read more »
Lockheed Martin CEO Marillyn Hewson, Fortune's most powerful woman in business, will step downHewson, who led the company for seven years, is one of several top-ranking women at the country's biggest defense contractors. YES!!! Lets gooooo! 🤩
Source: Women 2.0 - 🏆 149. / 63 Read more »
Universal CEO Lucian Grainge’s Coronavirus Diagnosis Shakes Suddenly Imperiled Music BusinessNews of Grainge’s diagnosis has put a human face to the dire straits in which the music business suddenly finds itself, both in terms of immediate personal safety and macro trends. “Lucian was a surprise,” says one industry power player. zogblog How many artists came in contact 👀
Source: Forbes - 🏆 394. / 53 Read more »