21 min
Drew McElroy, Co-founder & CEO of Transfix Office Hours with Dorm Room Fund
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- Entrepreneurship
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.
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.
21 min