Reasons to Invest

With over 2,700+ companies (shippers, carriers, and brokers), this fast-growing network provides the trust layer required to reduce transaction costs while increasing efficiency, through the use of self-executable agreements and blockchain-based reputation systems, with the potential to disrupt the multi-trillion logistics industry.

17 million shipments, estimated to be worth over $18 billion, have been posted on dexFreight in 2021.

Patent pending technology to allow carriers to get paid as soon as they deliver, leveraging decentralized finance (deFi) protocols and liquidity pools. Over $328,000 in top-line revenue so far.

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Overview

Tap into the Power of dexFreight

With dexFreight, users can find loads and capacity, negotiate online with multiple parties simultaneously, cryptographically sign agreements using smart contracts, and share electronic documents. Additionally, users can track shipments in real-time, settle transactions, and complete payments, effectively digitizing and automating the whole shipment lifecycle. dexFreight is complementary to TMS/FMS, ELDs, and loadboards. Our network is using web3 infrastructure to virtually consolidate the logistics industry while enabling the right tools to better utilize today’s existing capacity.

Our Vision: Be the facilitating force that coordinates world logistics, encourages collaboration and incentivizes a fair equitable distribution of value.

Our Mission: Build the universal decentralized, open-source network that enables collaboration and facilitates the coordinated movement of goods while bringing liquidity to the supply chain.

The Problem

A Multi-Billion Dollar Communication Problem

We are working to solve the two major problems of the logistics industry: fragmentation and lack of liquidity.

Fragmentation

We are initially focused on the trucking segment of the logistics industry, this $790B segment (source) in the U.S. is made up of 900,000+ trucking companies, 91% of them running 6 trucks or less. (source) 17,000+ freight brokers and millions of shippers, all using different Transportation Management Software (TMS), Fleet management software (FMS), load boards, electronic logging devices (ELDs) and other individual systems, which causes each individual company to function in its own closed network. This results in a lot of waste, (source) with 1 out of every 4 trucks running empty. Loads and capacity can not be efficiently matched, much less optimized if they live in different networks and cannot see each other. While there is a lot of discussion about the driver shortage being the root cause of the inefficiencies, we believe the solution starts by better utilizing our current active capacity.

Lack of Liquidity

In order to get paid quickly, trucking companies often end up selling their invoices with unnecessarily high interest rates.

Normally, trucking companies get paid after 37 days of providing their services. In the meantime, truckers have to pay for gas, tolls, and other expenses, causing cash flow issues. Given that most of these trucking companies are small businesses, they often solve their cash flow issues by factoring in their receivables for a 3% fee.

The Solution

A Decentralized Logistics Infrastructure

Reaching real optimization in trucking and logistics can not be done at scale with multiple siloed platforms competing for data and market share capture. dexFreight is bringing optimization through a cooperative backend, where carriers, freight brokers, shippers, and other industry service providers like ELDs, TMS, and load boards can connect and exchange live market information safely, experience cross-company workflow automation through the use of smart contracts, and most importantly, preserve the privacy and ownership of their data. This is the solution to the multi-billion dollar empty mile problem. (Source)

Since every agreement in dexFreight is cryptographically signed by the transacting parties, a digital representation of each rate confirmation is created using NFTs or non-fungible tokens through our patent-pending technology. These digital assets with a defined dollar value are used as collateral to source liquidity in the deFI (decentralized finance) ecosystem, giving users access to immediate, cheaper, and programmable financing options, effectively getting carriers paid as soon as they deliver, hence solving the liquidity problem.

The Market

A Growing Network Promising to Connect the Entire Logistics Industry

Even though dexFreight is designed as a global scalable platform for multiple modes of transportation, our initial focus is the US trucking market:

TAM: 2019 Domestic US Trucking market $791 billion USD (source)

SAM: For-hire full truckload market is $360 billion USD (source)

SOM: Our 5th year goal is to process 2% of the for-hire full truckload market, $8 billion (USD) by year 2025 in the US.

Our Traction

Miles of Milestones

In 2020, 16.5 million shipments were posted in dexFreight worth over $18 billion dollars giving plenty of options to carriers in the network, as a result over $2.1 million in freight spend were booked and processed on dexFreight.

In July 2020, we launched the beta version of our decentralized invoice financing solution “dexFI” (patent pending), this service is valued by carriers and brokers so much that 12% of all transactions were financed using it, generating $328K in topline revenue.

In Q3 2020 we added drayage to our marketplace, this functionality helps to streamline the process of moving containers between ports, ramps, and warehouses. This service was well received by our users since it helps them deal with the port congestion and capacity crunch caused by the COVID-19 pandemic. (Source)

We are currently working in partnership with Hutchison Ports ICAVE, the operator of Port of Veracruz, to release our drayage functionality as the spearhead for the Mexican market. (Source) Hutchison Ports is one of the largest port operators in the world. Veracruz, one of the 5 ports they operate in Mexico, moves over 1.12 million twenty-foot equivalent units (TEUs) making it the third busiest container port in Mexico and the most important in the Gulf of Mexico. (Source)

Today, we have over 2,700 companies registered in the network. Our main focus is to accelerate adoption through strategic partnerships with other freight-tech platforms and through the release of features and incentives for carriers to book loads already available in dexFreight.

Industry Recognition

Throughout the journey of developing dexFreight, we have played an important role in educating the industry about the potential of blockchain technology. As thought leaders, we have been speaking at some of the most important events for the freight and blockchain industries, including SXSW, MarketWaves, Transparency 19, BITA, TIA Conference, LaBitConf, Blockchain Academy Mexico, SmartFlorida (formerly known as Florida Blockchain Foundation).

Our efforts have been rewarded with nominations to multiple awards:

Blockchain Awards Latin America as an "Inspiring Project" for our contributions to the ecosystem. (Source)
FreightWaves FreightTech 100, one of the most disruptive and innovative freight technology companies in 2018, 2020, and 2021. (Source)
Supply & Demand Chain Executive magazine as an SDCE 100, one of the top supply chain projects in 2019 and 2020. (Source)

At the end of 2019 we were selected among 225 competing companies for the 500 startups Miami Growth Program, and successfully graduated in batch #2. More recently we have completed the Endeavor scale-up program in Q2 2021.

We are also proud to be included in the World Economic Forum’s whitepaper, highlighting the deployment of blockchain for supply chains (Source).

Partnerships

As entrepreneurs solving some of the most challenging problems in logistics, we are often trying technologies not necessarily available to the general public. Forging partnerships and closely working with the teams behind these innovations, is critical to evaluate and successfully implementing them. Here are some examples:

MakerDAO, Centrifuge, Ocean Protocol, Chainlink, RIF Blockchain Solutions, RSK, Money on Chain, TruckerCloud, TruckPark, TAI TMS, Port community of Veracruz.

It is very important for us to deeply understand our customers, and actively participate in industry discussion, being part of industry associations helps us achieve those goals, here are some of the associations we are members of: Blockchain in Transport Alliance (BiTA), and the Florida Blockchain Foundation (FBF).

What We Do

Streamlining Logistics for a Better World

We are taking to market a FinTech-enabled logistics market network, and the necessary underlying web3 infrastructure (decentralized protocols and peer-to-peer communication layer), to enable freight-tech companies to safely exchange real-time loads and capacity availability, while preserving the ownership of their data.

In the dexFreight market network, users can…

Find loads and capacity
Negotiate online
Verify the reputation of counterparties
Establish agreements and rate confirmations using smart contracts
Share electronic documents
Track shipments
Settle transactions and complete freight payments.

Our mobile application, available in both Google and Apple stores, is designed for drivers and owner-operators to manage the whole shipment life cycle, providing smart routing, recording geofenced events, and collecting signatures for documents like bill of ladings, proof of delivery, etc. These events trigger the workflow in the smart contract automating processes between companies from booking to payment.

Machine-Learning Algorithms

Instead of reaching out to brokers for their available loads or posting trucks in multiple load boards spending hours hoping to find a match, carriers can use dexFreight machine-learning algorithms that automatically find the best loads for their equipment.

ELD Providers

Our platform is connected with 80% of the ELD providers so the network knows the position of the equipment in real-time, and the driver's location relative to their HOS (hours of service) clock for better load matching.

Smart Rate Confirmation

One of the most important innovations is our Smart Rate Confirmation. Using smart contracts once the terms and conditions are set and signed by the parties, it secures them in the blockchain so they cannot be changed without your approval and electronic signature. These agreed terms and conditions will self-execute, meaning if users deliver according to terms, your payment will be executed as agreed.

The Business Model

A SaaS Model to Keep Your Shipments Moving

Different from other platforms, dexFreight does not extract rent from every transaction. Our freemium business model focuses on optimization at scale, allowing users to match loads and capacity at no cost while delivering value-added solutions through premium services and SaaS tools including:

Immediate payment to carriers (dexFi)
Price predictions (dexRate)
Drayage marketplace
Optimized load selection
Load consolidation and load chaining.
Smart routing considering HOS, fuel, weather, parking, and other variables.
Third-party services.

Alternative Invoice Financing with dexFI

Quick payment to carriers is now more important than ever before with shippers and carriers competing for capacity. dexFi, a patent pending low-cost alternative to invoice factoring, enables our users to pay carriers as soon as they deliver without compromising their cash flows.

How We Are Different

Leveraging Smart Contracts and Machine Learning to optimize at scale.

A smart contract is a computer program that contains the terms of the agreement between parties directly written into lines of code. The code and the agreements contained therein, exist across a distributed, decentralized blockchain network and are intended to automatically execute, control and document relevant events and actions. As a result, transactions are trackable and irreversible.

We are using this powerful technology to facilitate transactions between freight companies that don't necessarily know or trust each other. By providing an immutable performance-based reputation system and standardized business rules, we reduce the cost associated with slowly building business-to-business trust, which usually relies on unenforceable legal agreements like rate confirmation sheets.

At a larger scale, we used the same principles to implement the necessary protocols to create an open logistics network; designed as a network of networks for freight-tech companies to exchange live market information (real-time loads and capacity availability). This enables end-users to book shipments across multiple networks without having to leave the platform or systems they currently use. This is the solution to the walled garden problem, where shipments and capacity can not be matched because they reside in siloed networks.

This open network combines all available loads and capacity, enabling freight-tech companies to leverage the full power of machine learning algorithms to match and optimize at scale, removing the inefficiencies of the system and gradually reducing empty miles driven by trucking companies. Furthermore, they can develop new products and services to their customers by leveraging the booking to payment functionality powered by blockchain-based agreements and payment rails.

For Techies

If you have come this far looking for technical information. Here is a graphical representation of dexFreight’s tech stack.

More information on our machine-learning algorithms can be found here, here, and here.

The Vision

En Route to Global Leadership

dexFreight's vision is to simplify logistics for a better world by enabling coordination at scale, encouraging collaboration, and incentivizing a fair and equitable distribution of value.

We plan to expand globally with the 2022 release and rollout of the Spanish version of our Web 2.0 platform in Latin America. By 2023, we expect to reach 1 million full truckloads and drayage shipment processing with freight spend over $1 billion.

By 2025, dexFreight aims to process $8 billion in freight spend on shipments from booking to payment. By then, we will be a global technology player in the logistics industry servicing additional verticals with presence in the Americas, European and Asian Markets.

WHY INVEST

Logistical Leaders

With an average of 20 years of experience, managing and growing both SMBs and Multi-billion dollar organizations, our multidisciplinary leadership team brings together the necessary knowledge and capabilities in logistics, technology, and entrepreneurship. We understand firsthand the pains and challenges of the industry.

Message From Our CEO

Over $28 billion has been invested in logistics by VCs since 2018. The rise of Amazon and eCommerce has increased the ever-growing importance of efficiently moving goods. With COVID-19 impacting the economy, finding an efficient method for shipping products has only grown.

As an industry made up primarily of small businesses working independently from one another, such fragmentation leads to massive inefficiency and waste.

dexFreight leverages the power of blockchain technology and self-executing contracts (smart contracts) to streamline and improve logistics back-office operations. Our solution focuses on better utilizing existing market data to provide more efficient solutions and visibility to the industry.

The dexFreight team is composed of proven experts in transportation and technology. Our current investors and early adopters are from the industry. They believe the industry needs a new solution to assure the efficient movement of goods more cost-effectively and the flow of payment to those providing these much-needed services.

The industry is ripe for improvement. With dexFreight, the solution is just within reach. Join us!

- Jim Handoush, CEO and Co-Founder

In the Press

The Wall Street Journal

Blockchain on Ice: Ledger Tech Enables Frozen Seafood Shipment

Yahoo Finance

Logistics Firm Completes First Truckload Shipment Using Bitcoin Smart Contracts

Transport Topics

Blockchain-Based dexFreight Completes First Truckload Shipment

American Journal of Transportation

dexFreight Partners with the port community of Veracruz and Texas A&M Transportation Institute to launch a blockchain-driven initiative to improve port operations

CriptoDaily

DexFreight, MakerDAO, And Centrifuge Complete Pilot To Connect Multi-Trillion Dollar Logistics Industry With DeFi

Texas A&M Transportation Institute

The Port Community of Veracruz Launches a Blockchain Initiative to Improve Port Operations

trucknews.com

Blockchains building a future in transportation

IOVLabs

dexFreight Integrates RIF Blockchain Solutions to Decentralize Logistics Industry

TruckPark

Drivers Can Save Time Finding Parking with dexFreight – TruckPark Partnership

PostEverywhere®

PostEverywhere® The Largest Load Board Network in North America Partners with dexFreight™

Offering Summary

Company	:	dexFreight, Inc.
Corporate Address	:	1401 Sawgrass Corporate Pkwy, Sunrise, FL 33323
Offering Minimum	:	$9,999.60
Offering Maximum	:	$1,069,992.30
Minimum Investment Amount (per investor)	:	$390.00

Terms

Offering Type	:	Equity
Security Name	:	Common Stock
Minimum Number of Shares Offered	:	5,128
Maximum Number of Shares Offered	:	548,714
Price per Share	:	$1.95
Pre-Money Valuation	:	$30,054,917.10

Voting Rights of Securities Sold in this Offering

Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.

*Maximum number of shares offered subject to adjustment for bonus shares. See bonus info below.

Investment Incentives and Bonuses*

Time Based:

Champion:

Invest within the first 10 days from launch and receive 20% bonus shares.

Early Bird:

Invest between 10 - 20 days from launch and receive 10% bonus shares.

Supporter:

Invest between 20 - 30 days from launch and receive 6% bonus shares.

Amount Based:

All investors

Regardless of the investment amount, will be provided access to our community Slack channel, Telegram channel, and receive a dexFreight branded tumbler.

Tier 1 (< $1000)

Receive 5% bonus shares and a 10% discount on dexFreight platform products for 6 months.

Tier 2 ($1000 - $4999)

Receive 8% bonus shares and a 15% discount on dexFreight platform products for 8 months.

Tier 3 ($5,000 - $25,000)

Receive 12% bonus shares and a 20% discount on dexFreight platform products for 10 months.

Tier 4 (> $25,000)

Receive 15% bonus shares and a 25% discount on dexFreight platform products for 12 months.

Disclaimers:

1. Investors can receive either a time-based or an amount-based bonus (whichever is greater), but not both.

2.Platform discounts are tied to amount of investment regardless of when the investor purchased the shares.

3. Platform discounts will apply regardless of number of users in the company.

4. The discounts do not apply for our Next Day Payment services.

5. Trucking companies and freight brokers in order to receive the platform discounts must be registered with FMCSA/USDOT and have an active authority at the time of registration into the platform.

6. Platform discounts are valid for the said number of months from the time a company self registers in the platform. If the company is already a registered user in dexFreight, we will activate/provide the discount accordingly. In order to receive the platform discount, please send the name of the investor(s) and a documented proof that the investor is affiliated or employed by the company. Such proofs may be a LinkedIn profile or email from the company owner/director attesting that the investor is employed or affiliated with the company.

*All perks occur when the offering is completed.

The 10% StartEngine Owners' Bonus

dexFreight, Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.

This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $1.95 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $195. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are cancelled or fail.

Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.

Irregular Use of Proceeds

The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments. Salary payments made to one’s self, a friend or relative. Any expense labeled “Travel and Entertainment”. Any expense labeled “Administrative Expenses” not strictly for administrative purposes. Inter company debt or back payments.

Show More

Most recent fiscal year-end:

Prior fiscal year-end:

Total Assets

$160,442.06 USD

$41,192.47 USD

Cash And Cash Equivalents

$94,809.87 USD

$41,192.47 USD

Accounts Receivable

$0.00 USD

Short Term Debt

$545,855.37 USD

$24,786.00 USD

Long Term Debt

$2,075,840.00 USD

$1,162,646.00 USD

Revenues And Sales

$81,967.69 USD

$131,461.00 USD

Costs Of Goods Sold

$1,364,485.33 USD

$970,419.30 USD

Taxes Paid

$0.00 USD

Net Income

-$1,282,517.64 USD

-$838,958.30 USD

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.

Updates

dexFreight Crowdfunding Campaign is Closing Today!

6 months ago

Hello Supporters,

dexFreight's campaign is closing today, March 28th, at midnight. Once again, big thanks to all the early investors who supported the company and successfully helped us close this funding round!

To all those campaign followers and users on the waitlist, we would love to keep in touch and share all the exciting dexFreight news, updates, and, why not, future investment opportunities. We encourage you to 👉🏻 subscribe to our Investor Mailing List.

dexFreight Campaign is Closing in 3 Days!

7 months ago

Hello Supporters,

Thank you to all those who joined our live Q&A session yesterday! We will soon share the recording with those who registered for the online event. We are incredibly grateful for your support, interest, and commitment to the future of this company.

dexFreight's crowdfunding campaign is closing on Monday, March 28th. We will soon move all our investor communications to a different channel. If you would like to continue receiving company updates, progress reports, and notifications about future investment opportunities, we encourage you to Subscribe to our Investor's Email List.

Thank you for trusting dexFreight and believing in the future of global logistics!

Regards,

dexFreight Team

🎯 dexFreight Reached the Current Offering Max on StartEngine!

7 months ago

Hello supporters,

We are thrilled to share that dexFreight's crowdfunding campaign is oversubscribed! We are grateful to each of the 910 investors who helped us reach our current offering max few days before the closing date.

Join the Waitlist!

You can still submit an "indication of interest" by joining the waitlist. This is not an investment and does not guarantee a place in the offering. If your indication of interest is accepted, you will be notified to sign your binding agreement. You will have only 72 hours to sign the approved indication of interest. If you do not sign the agreement within 72 hours of being notified, you will be bumped to the bottom of the waitlist. If your binding agreement is pre-signed, the investment will automatically get pushed through once off the waitlist.

Webinar Reminder - This Thursday, March 24th

Don't forget to join our live webinar this Thursday, March 24th, at 11 am PT | 2 pm ET. Our Founders will go over achievements made throughout the campaign, the company's current state, and will finalize with an open Q&A.

Register Now

We Reached $1,000,000 🚀 Offer Ending Soon!

7 months ago

Hello Supporters!

We have no words to explain how grateful we are for this incredible community. Thanks to your support, we hit the $1M mark!

Big thanks to our 870+ investors for believing in dexFreight!

⏰ 9 days left to invest! Join dexFreight Today

dexFreight Raised Over $100,000 in the Last 24 Hours! ⏰

7 months ago

Hello Supporters,

dexFreight recently reached 92% of its current funding goal, with more than $100K raised in the last 24 hours! Our team is incredibly grateful for your support on this mission.

There are only 10 days left on this campaign, and we are less than 8% away from hitting our fundraising goal. Yesterday, dexFreight became the first Reg CF company to be featured on the StartEngine's home page, getting the company in front of hundreds of potential investors.

Don't forget to join our live investor's webinar next Thursday, March 24th, at 11 am PDT | 2 pm EDT. Reserve your seat HERE!

Invest in dexFreight | Offer Ending Soon ⏰

Notice of Funds Disbursement

7 months ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, dexFreight Inc. has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in dexFreight Inc. be on the lookout for an email that describes more about the disbursement process.

This campaign will continue to accept investments until its indicated closing date.

Thanks for funding the future.

-StartEngine

Join dexFreight's Final Investor's Webinar on March 24th 🚀

7 months ago

Hello Supporters,

With just 11 days away from closing the campaign, we are happy to share dexFreight surpassed $900,000 in funds raised. Thank you to all the 811 investors for helping us reach this significant milestone!

Invest in dexFreight

Upcoming Live Webinar - 1 Week Away!

You are all invited to join dexFreight Founders on one last live Investor's Q&A Session, next Thursday, March 24th at 11 am PDT | 2 pm EDT. Our team will go over achievements made throughout the campaign, the company's current state, and will finalize with an open Q&A for those interested in engaging with the founders.

Sign me up!

⏰ Less Than 15 Days Left to Invest in dexFreight!

7 months ago

Hello Supporters,

dexFreight campaign is closing in 13 days! We encourage you to join our shareholding community with over 760+ investors working together for a more efficient logistics industry.

How is dexFreight's Partnership with LoadBoard Network going?

Last month, we announced our latest partnership with LoadBoard Network, a load posting consolidator. Our development team, led by dexFreight's CTO & Co-founder, Adrian Giannini, has achieved remarkable progress providing the back-end infrastructure for this new load aggregator. Since its launch, dexFreight has enabled connections with over 18 load boards and 1 of the most popular transportation management software providers.

Some of the participating companies include Trucker Path and 123Loadboard.

dexFreight campaign raised over $44K in the last 15 days. Don't miss out on the chance to become an early investor in the future of logistics!

⏰ Invest in dexFreight

⏰ Less Than 20 Days Left to Invest in dexFreight!

7 months ago

Hello Supporters,

dexFreight round on StartEngine will close in less than 20 days!

It has been quite a journey since we open this funding round. Let us share with you some highlights of the progress we have achieved so far:

dexFreight network has grown from 2,630 to 3,567 companies registered. This accounts for a 35% growth, where over 54% are trucking companies.
We have also seen a significant increase in companies booking on dexFreight, with a 62% growth in the number of carriers with at least one load booked in the network.
One of our notable highlights is the rapid growth in the drayage division. The total drayage bookings in dexFreight have doubled since opening this funding round, while our truckload division has grown by 37%.

In this same period, dexFreight was named by Freight Waves (one of the world's leading supply chain intelligence platforms) as one of the most disruptive companies in the freight industry.

Also, as established in our roadmap, we began dexFreight's expansion to the Latin American market by partnering with Hutchison Ports Mexico. This partnership was featured in multiple industry magazines, including the American Journal of Transportation, a leading publication since 1999.

Finally, we became the technology providers for the Load Board Network to consolidate load visibility among multiple transportation management software and load boards in the industry.

Your trust and support are taking this company to the next level! We stand by our vision of becoming a collaborative network platform to coordinate world logistics.

⏰ The clock is ticking! Last days to become a shareholder!

Invest in dexFreight

dexFreight Named as One of the Best Florida Based Supply Chain Management Companies

7 months ago

Hello Supporters,

We are eager to share that dexFreight was named one of the best Florida Based Supply Chain Management companies by BestStatup.us.

Read the announcement here.

BestStatup.us and Best Startup US Magazine showcase and promote the latest innovations, businesses, and breakthroughs from American companies globally.

dexFreight was selected this year for taking a variety of approaches to innovate the Supply Chain Management industry through its cutting-edge technology to bring to market a decentralized logistics network.

dexFreight's Chief Strategy Officer and Co-founder, Hector Hernandez, talks about our unique business model and how we perceive competition in the space.

dexFreight is Removing Industry Silos in Trucking and Logistics. CEO Jim Handoush Explains

7 months ago

Hello Supporters,

dexFreight's funding round is closing on March 28! We believe this is an excellent opportunity to explain more deeply one of the main industry pains our company is solving, "Fragmentation."

The U.S. logistics market is represented by multiple players:

3.5 million trucks
500,000 to 600,000 trucking companies
17,000 freight brokers
Millions of shippers

Most of these players are small companies. In fact, 91% of carriers, run 6 trucks or less. Freight companies have adopted multiple technologies to help them find loads and capacity more easily. So, is this enough?

Let us share an example that resonates more with the general audience:

Nowadays, we have multiple applications to find a ride from point A to point B. If a driver is at your location but is not registered on the application you are using, you will not see the available option, and most likely will have to wait for a couple of minutes while another driver picks you up.

This is exactly what's happening in logistics. Most of the freight companies are working in silos using different networks. Truckers pass on available loads every day that they don't know about because there is no visibility beyond their existing network. Industry research shows that 1 out of every 4 trucks runs empty on U.S. highways.

How is dexFreight addressing industry fragmentation?

dexFreight is bringing a new level of optimization, improving visibility amongst all the parties in the industry. Rather than creating another siloed network, our technology allows all networks to connect and share information securely and privately.

Over 3,000 companies, including carriers, brokers, shippers, and freight tech providers, have already connected to the network. More than 80,000 loads are shared every day.

With your support and investments, we will continue expanding the network, enabling greater visibility to all industry players so they collaborate more efficiently.

Invest in dexFreight Today!

dexFreight is expanding its reverse financing solution to expedite payments to trucking companies

8 months ago

Hello Supporters,

We are delighted to share that dexFreight's crowdfunding campaign has over 1,800 followers!

As this fantastic community grows, we have also seen tremendous progress in the funding round. dexFreight is very close to reaching the next significant milestone, hitting the $800K mark. Let's add to this the fact that dexFreight is among the top 6 most funded campaigns on StartEngine within the transportation and B2B categories. Our team is grateful to all the new shareholders who have joined us in the journey of bringing new efficiencies and collaboration to the logistics industry!

Expediting payments to truckers

One of the main goals of dexFreight is to solve the cash flow issues in trucking and logistics. On average, trucking companies get paid after 37 days of providing the service, yet they still need to cover their day-to-day expenses such as gas, food, and tolls. Trucking companies often sell their invoices to financial companies at an average 3% fee to solve their cash flow issues.

Traditional industry financing solutions are offered to trucking companies. As we are firm believers in fair and fast compensation, our team developed dexFi, a reverse financing alternative powered by decentralized finance (DeFi). This on-demand service is offered to the brokers to provide faster payment to the carriers. On the other hand, carriers receive payment the next day after delivery at a much lower cost.

dexFi is the industry's first DeFi solution, and it is also dexFreight's first revenue-generating premium service. We launched dexFi on private beta, and since then, it has generated over half a million dollars in topline revenue. dexFreight's leadership team is now working towards expanding the liquidity pool so more carriers on the network can get paid faster. We plan to extend this offer soon to the Latin American markets as well.

Stay tuned for new updates! We have multiple announcements planned for the year. In the meantime, don't forget to click on the Invest Now button at the top of the page!

Global Blockchain Funding Grew 713% in 2021

8 months ago

Hello Supporters,

As a blockchain-based startup, we take pride in the significant progress of this industry. According to CB Insights 2021 State of Blockchain Report, funding to blockchain startups hit a new record in 2021 by growing 713% year-over-year. 56% of all funding went to US-based startups.

Understanding the importance of blockchain in freight transportation and logistics

There are over 900,000 trucking companies in the U.S., and 91% of them run 6 trucks or less. Let's add to the equation the more than 17,000 freight brokers and millions of shippers working independently with their own closed networks. With such a fragmented industry, it's no wonder there is so much loss of productivity. Everyone is working in their four walls with no visibility to opportunities right before them. The centralized siloed world we live in today needs to change. That's where a decentralized solution for the industry, like a dexFreight, makes a lot of sense.

dexFreight tech was built to enable the integration of existing networks by allowing the effective real-time exchange of loads and trucks.

Blockchain technology allows the industry to collaborate more efficiently without giving away their proprietary data and reduce expensive one-off integrations. This will allow for greater visibility of trucks and accessibility to loads that can help increase efficiency and reduce waste such as 20% to 40% of miles driven empty every year.

dexFreight's Co-founder and Chief Strategy Officer explains in the following video how the idea of using blockchain and smart contracts in dexFreight started.

If you haven't made up your mind, this is the right time to do so. The market is showing significant interest in blockchain and decentralized finance solutions. Over 3,400 freight companies have already registered on the network, using dexFreight to close over $5.6M in freight deals. Don't miss out on this opportunity, and Invest in dexFreight today!

dexFreight is Officially Internationalizing into the Latin Market

8 months ago

Hello Supporters,

As we close the first month of the year, we wanted to share with you the most recently released tech updates on dexFreight.

Internationalization of dexFreight

dexFreight was built as an international network for the global logistics industry. Our first step towards the internationalization of dexFreight was through a version in Spanish developed for the Latin market. This new phase goes beyond adding a new language; it also includes new currency for the Mexican Peso and switching both units and weight measurements following the Mexican standards. This new release is key to continue expanding dexFreight in Mexico and other Central and South American countries.

Frictionless Freight Rates Negotiation

Another critical release includes the negotiation process for container shipping. According to the US Customs and Border Protection, more than 11 million maritime containers arrive at US seaports each year. Another 11 million arrive by truck at land borders and 2.7 million by rail. So far, users have booked over $2M in drayage loads on dexFreight, making it a key value unit for the company. We simplified the negotiation process during the latest release by reducing the number of steps required to complete the negotiation. As part of the simplification process, users can now add and negotiate extra charges and additional accessorials such as chassis rental, detention, FSC, etc., that may apply under specific scenarios.

Documents Visibility

Booking loads require managing, sharing, and signing multiple documents. As part of the journey to simply logistics, we allow users to identify, verify, and sign all required documentation directly from dexFreight. Users can quickly determine which documents are ready-to-go and which require action.

Map view: load and capacity search improvements

We also added a new way to search for available loads and trucks in the network. Through the new map view, users can search for carriers:

In-transit, delivering near the area.
Offering their capacity on similar shipments in the area.
Moving on the same lane in the past.

Furthermore, once a user identifies a potential carrier, they can send an invitation to check their load and make an offer.

As always, thanks for your continuous support. dexFreight crowdfunding campaign now has over 1.7K followers, 12% growth in January 2022. If you want to contribute to a more efficient and transparent logistics industry, please don't forget to click on the INVEST NOW button!

Kindly,

The dexFreight Team

dexFreight is building dexTour V1.0 - A Trip Planning System Powered by Machine Learning

9 months ago

Hello Supporters,

We wanted to share with you that dexFreight's Data Science Team developed dexTour. A novel system designed for shippers, brokers, and carriers to generate bundles of shipments with connected stops as multi-day tours.

We built a trip planning system using machine learning to present the users with the most beneficial trips to pick up and drop off shipments. This reduces the time needed by the users in searching and filtering for shipments to book multiple deliveries in a single trip and have a clear outcome of round trip time, and revenue generated during the trip.

dexTour is also an API service module by which TMS, FMS, and load boards can consume as an add-on for its customers.

With dexTour, users can create a list of feasible tours from shipments available in dexFreight.

Reducing Lead Times to Quote Customers

A carrier needs to look for multiple shipments to fulfill its expected revenue for a week. It receives an order from a broker/shipper to deliver a load. Then, the carrier has to wait for another shipment order, not knowing where the next pick up and drop off will be. An obvious downside to this practice is that it is time-consuming. Using dexTour, carriers can search for tours with multiple shipments and book them simultaneously.

Finding Shipments in New Markets

If the carrier is entering a new market or bidding on new lanes, dexTour is an excellent tool. One of the difficulties of entering a new market is finding outbound shipments with profit margins against the cost, with high confidence in the absence of adequate historical information of the lanes. With dexTour, carriers can have an overall view of the deliveries using visual routing guides.

Brokers/Shippers Can Easily Book a Single Carrier for Multiple Loads

Brokers and shippers can create multiple tours for their carriers and provide them with a list of shipments they ought to pick up and drop off without having to find several carriers on a one-off basis. This saves time, and brokers/shippers can negotiate better freight rates with the carriers as they are provided with several shipments simultaneously.

Modularized Design of dexTour

We can also provide the dexTour algorithm to TMSs, fleet management systems, load boards as an add-on by which their customers can create tours using an internal list of shipments rather than the dexFreight marketplace. Our BlackBox API system allows them to consume the dexTour algorithm with the confidence that the data used for the request will not be stored, and our authentication service will secure all the connections.

Future Improvements

The dexTour system uses the current HOS state, remaining drive time, remaining duty time, duty status, and deadhead from the start location. These metrics are used to improve the feasibility of the tours regarding users' preferences and HOS compliance. Right now, we are limiting the information related to the HOS that we are displaying for the tour to be the deadhead among stops. We are working to include additional HOS metrics from the carriers' ELD to improve the precision and reliability of the tours. We will also include rates of lanes from our dexRate engine as a constraint in finding the best possible tours.

dexTour is under beta testing, and soon be available as a paid service not only to dexFreight’s marketplace users, but also to other logistics and freight tech companies.

As always, thanks for your support and for trusting in the future of logistics. Don't forget to click on "Invest Now" to become an owner of dexFreight!

dexFreight’s Program with Hutchison Ports Mexico is Moving to the Next-Phase

9 months ago

Hello Supporters,

In Q4 2021, we announced a new collaboration with Hutchison Ports Mexico (HPM) to launch dexFreight's logistics platform in Mexico. Since the announcement, we've made significant strides regarding moving from a pre-pilot to a full-scale pilot. Our pre-pilot included a few shipments at TILH (Hidalgo, Mexico). dexFreight was used by the carriers and HPM to orchestrate and track shipments.

Shipments between Mexico City and Hidalgo being orchestrated in the dexFreight platform.

Some of the feedback we received from the participating carriers are as follows:

"This is the all-in-one solution" - Palazuelos

"Very easy to use" - Magforce

"Practical, easy to use, outstanding and fast responsive. There is a lot on it that is of use for us" - Perla Negra.

Carriers provide updates on the shipment status via dexFreight's mobile app.

Because of success with the pre-pilot, we are happy to update that we're moving to a full-scale pilot with over 10 customs brokers and over 2300 carriers at 3 ports (Veracruz, Hidalgo, Lazaro Cardenas) in Mexico, to process over 1,000 - 3,000 containers per month. We've almost completed translating the platform into Spanish, although the users were happy to be using it in English. We've also made necessary modifications to the platform to suit the local workflow. In the upcoming months, we'll continue working closely with our collaborators at the HPM to make the pilot a great success.

GPS breadcrumbs of trucks as they pick up and deliver shipments along the Hidalgo-Mexico City corridor.

Moving to the next phase with Hutchison Ports Mexico is one of the many milestones planned for 2022. We will continue developing dexFreight's logistics market network powered by blockchain technology with your support.

Don't forget to click on the "Invest Now" button to become an owner of dexFreight!

New Drayage User Interface Released on November 2021

11 months ago

Hello Supporters,

We are excited to unveil dexFreight's new drayage user interface. Drayage refers to the truck pickup and dropoff from or to seaports, intermodal terminals, port ramps, and warehouses; it is usually a short distance service but an essential one. According to the Intermodal Associations of North America, over 60,000 containers are transported on a typical day. Booking and dispatching of drayage loads is a complex process that requires the coordination and proper communication of multiple parts.

dexFreight's new drayage UI was designed thoroughly, allowing users to create and post drayage loads more efficiently, reducing the number of steps previously required to complete the load posting process. Drayage users can now access all load details from a single view that unifies rates, tracking, documents like rate confirmation sheets, BOLs, agreements, cargo details, accessorials, and invoicing. The interface is now being tested by some of the dexFreight early adopters in the U.S. and within the recently launched program with Hutchison Ports Mexico.

_________

Supply Chain & Blockchain Summit 2021 Day 1

Yesterday, dexFreight and Blockchain Academy held the first day of the Supply Chain & Blockchain Summit 2021. Over 100 attendees from Latin America joined the live webinar. Yesterday's session counted with the participation of Sophia Lopez, Founder and COO of Kaleido, Juan José Pajón, Business Technology Global Senior Vice President at Grupo Bimbo, Jorge Lecona Murillo, Head of Innovation at Hutchison Ports Mexico, Martin Hagelstron, Blockchain Leader Latin America at IBM, and Adrian Giannini, CTO and Co-founder of dexFreight. The Summit's last day is scheduled for tomorrow, November 10th, so if you are a Spanish speaker interested in learning about blockchain use cases in logistics and supply chain, please register here.

__________

dexFreight Surpassed 1K Campaign Followers!

Last but not least, dexFreight's crowdfunding campaign is rapidly growing. In less than 9 days, our campaign added over 100 new followers, now reaching more than 1,000 potential investors, all interested in bringing new efficiencies, transparencies, and automation to the trucking and logistics industries.

Thank you for supporting dexFreight!

Invest Now

dexFreight Blockchain Technology Gains Greater Acceptance Across The Logistics Industry

11 months ago

Hello Supporters,

We would like to start today's announcement by sharing with all of you that dexFreight has now reached 40% of its crowdfunding goal, supported by 359 shareholders and followed by over 900 potential investors!

dexFreight’s growth is more than a reflection of the success of our technology, it also showcases the realization among stakeholders that we have the answer to current and long-term supply chain issues, including port congestion and the driver shortage. We offer a higher level of collaboration and network optimization for industry participants because our blockchain logistics network is neutral. Unlike other siloed solutions, it’s the best approach to the industry’s challenges.

Our most recent growth report was highlighted by Fleetnewsdaily, you can read the full article here.

Let's Talk

Our founding team had a great time during our last live session, so we have decided to open more recurrent spaces so we can talk about blockchain technology, logistics, trucking, industry news, and so on ... We will soon announce our next discussion on our Twitter account as we adopt the new Twiter Spaces feature, so please follow @dexFreight, let us know what would you like to talk about, and join us on our next discussion!

As always, thanks for supporting dexFreight. Together will shape the future of global logistics!

Become an investor today by clicking on "INVEST NOW"

____________

Supply Chain & Blockchain Summit 2021 (En Español)

Les recordamos a toda nuestra audiencia hispanohablante, que el próximo lunes 8 y miércoles 10 de Noviembre llevaremos a cabo el Supply Chain & Blockchain Summit 2021 junto a nuestros aliados de Blockchain Academy México. En éste evento conocerás diferentes casos de usos de esta tecnología revolucionaria que ha llegado para mejor diferentes aspectos de la cadena de suministro. Regístrate Aquí

Regards,

The dexFreight Team

dexFreight LIVE Q&A

11 months ago

Hello Supporters,

Thanks to all those who joined yesterday's live Q&A session with dexFreight Founders. We had a great turnout!

For those of you who couldn't attend the session, we are happy to announce we will soon be posting the recording. In the meantime, please don't forget to click on the "Invest Now" button!

We couldn't think of a better opportunity, than dexFreight's first live session, to launch the company's new promo video, in front of the most engaged audience we could have asked for. So, thanks for all your great questions, and given the success, of yesterday's call, we are now planning more sessions to come!

Supply Chain & Blockchain Summit 2021

Para nuestra hispanohablante, les queremos contar que nos hemos unido a Blockchain Academy Mexico, para traerles un evento muy especial. Extendemos nuestra invitación a que participen del primer Supply Chain & Blockchain Summit 2021 que se llevará a cabo el próximo 08 y 10 de noviembre. Un evento completamente gratuito y virtual que tiene como objetivo educar a la comunidad de habla hispana sobre cómo la tecnología blockchain está siendo aplicada a la cadena de suministro, logística y transporte, y dar a conocer los principales proyectos y casos de uso.

El summit contará con la participación de grandes speakers y referentes del ecosistema como:

Martín Hagelstrom (Blockchain Leader Latin América de IBM), Yonathan Lapchik (CEO de SUKU), Daniel Truque (Alternative Assets Business Development Lead de Symbiont), Jorge Lecona (Head of Innovation de Hutchison Ports México), Juan José Pajón (Business Technology Global Senior Vice President de Grupo Bimbo), Nicolas Balestrini, (Co-fundador en Carnes Validadas S.A.S), Hector Hernandez (Vicepresidente de Estrategia y cofundador de dexFreight), Adrian Giannini (CTO y Cofundador de dexFreight), y Marco Muñoz (CEO de Blockchain Academy).

_____________________________________________________________

As always, thanks for supporting dexFreight's mission to simplify logistics for a better world!

Regards,

The dexFreight Team

Q3 2021 Updates & Announcements

12 months ago

Hello Supporters,

Here's a recap of our major updates and announcements throughout Q3 2021.

Key Metrics

Over 3,000 companies are now registered.
dexFreight received 29% more loads than it did during Q2.
Truckload bookings increased by 17%, and drayage bookings by 51%.
Carriers posted 43% more capacity.

Upcoming Live Q&A Webinar

dexFreight will hold its 1st live Q&A webinar on Wednesday, October 27th at 10 am PDT | 1 pm EST. The event will be hosted by Jim Handoush, President & CEO of the company, who will provide company updates and responding to investors' most common questions.

Register here for the live Q&A Session

Tech Updates

Our development team worked on new improvements for the matching engine, allowing users to get more accurate load and truck suggestions.

We also released a new option to search for capacity and loads from the map view as an alternative to our standard list view.

Industry Recognition

dexFreight recently received the FreightTech100 award as one of the most innovative and disruptive companies in the Freight industry for 4 consecutive years, along with companies like Tesla and Amazon.

Fresh from the Press

Hutchison Ports Mexico is adopting dexFreight to improve overall efficiency at some port terminals, with the possibility to explore the further integration of dexFreight with its own proprietary service’s booking and container tracking systems that manage terminal appointments, gate access payments for customers, decentralized finance, among other services. You can read the full Press Release Here

Other Media Mentions:

Upcoming Event

dexFreight's CIO & Co-founder, Rajat Rajbhandari has been invited to participate in the next IEEE Americas Blockchain Seminar. Rajat will be joining the Web 3.0 Panel with moderator Jim Liew, PhD from Johns Hopkins University, along with panelists Yorke Rhodes III from Microsoft, Yiannis Psaras, PhD from Protocol Labs, and Siddharth Singhal from Parity Technologies.

Register Now

Crowdfunding Campaign Progress

Last but not least, dexFreight's crowdfunding campaign has reached 30% of its goal, with over $360K in funding from 37 states and 4 different countries. Over 720 potential investors are now following the campaign, growing 40% in the last month. So thank you for all you who share our vision. Hope you join us on October 27th for dexFreight's 1st live Q&A Session.

In the meantime don't forget to click on the "Invest Now" button!

Regards,

The dexFreight Team

Hutchison Ports Mexico to Adopt dexFreight to Improve Overall Ports Efficiency

12 months ago

Hello Supporters,

After months of hard work, we can finally announce that dexFreight has been selected by Hutchison Ports Mexico (HPM) to utilize its smart contracts and blockchain infrastructure to seamlessly and transparently organize container shipments at multiple ports terminals in Mexico.

The program will begin at the Port of Veracruz, an inland terminal in Hidalgo and Mexico’s largest port, Lazaro Cardenas with the potential to expand to additional HPM terminals throughout Mexico. It will include customs brokers, shippers, and small to midsize trucking companies for the orchestration of both import and export containers to and from the ports.

With the integration of dexFreight’s logistics market network, HPM customers will now have the ability to:

Broadcast available loads
Find and reserve available trucks for shippers and customs brokers
Onboard carriers
Access real-time cargo tracking
Bid, track, and settle invoices

“Hutchison Ports Mexico's objective is to provide its customers with a technology solution that adds value to their experience and improves logistics services not only within the ports but beyond the ports as well,” said Jorge Lecona Sr., CEO at ICAVE, a maneuvering company in the Port of Veracruz that is owned by Hutchison Ports. “Container terminals are in a key position to allow complex supply chains to achieve their goals of efficiency and reliability, and make sure that cargo arrives safely, cost-effectively and on time to its inland destinations.

“To achieve this,” continued Lecona, “we need to connect with our customers, know more about their cargo, get a sense of the urgency and cost-sensibility of each individual shipment, and design integral logistics products that best suit their specific needs. That is what we are doing with dexFreight. We are using their revolutionary technology to connect with the users of our terminals, getting to know their specific needs, and helping them to arrange the logistics that best fulfill their requirements.”

“Our blockchain-based logistics market network is perfect for meeting HPM’s needs for orchestrating container shipments,” said Jim Handoush, president and CEO of dexFreight. “Our modular design and deployment in the cloud allows us to easily deploy globally. Mexico is our first stop, but we plan to be working with many other ports in the near future.”

HPM also plans to explore the further integration of dexFreight with its own proprietary service’s booking and container tracking systems that manage terminal appointments, gate access payments for customers, decentralized finance, among other services.

Hutchison Ports Mexico (HPM) is subsidiary of Hong Kong-based Hutchison Ports, the port and related services division of CK Hutchison Holdings Limited. HPM operates six terminals at four seaports and one inland port in Mexico where it serves 20,000 customers, including several Fortune 100 manufacturing companies, customs brokers, and trucking companies, with container loading, unloading, maneuvering and storage services. Hutchison Ports operates at ports in 26 countries across Asia, the Middle East, Africa, Europe, Australasia and the Americas where in 2020 it handled a combined throughput of 83.7-milllion TEUs.

In the News

The new program between dexFreight and Hutchison Ports has picked attention from the media. Here we share some of the main articles:

American Journal of Commerce: Hutchison Ports Mexico to use dexFreight to improve overall efficiency
FreightWaves: Borderlands: Mexico to require more documentation for shipments traversing the country
beINcrypto: Hutchison y DexFreight expandirán operaciones de puertos mexicanos con blockchain
méxicoxport: Fortalece Hutchison tecnología blockchain en Veracruz y Lázaro Cárdenas
GlobalFintechSeries: Hutchison Ports Mexico to Use Fintech and Blockchain Technology to Improve Overall Efficiency

Once more, thanks for your continuous support and for believing in a more collaborative logistics industry! Don't forget to click on "Invest Now" to become an owner of dexFreight Logistics Market-Network!

Regards,

The dexFreight Team

Meet dexFreight’s Key Advisors

about 1 year ago

Hello Supporters,

It is our pleasure to introduce dexFreight’s Advisory Team. They complement our capabilities and experience, bringing with them the voice of wisdom and the critical mindset needed to realize our vision.

Meet dexFreight’s Key Advisors

Diego Gutierrez. CEO and Co-founder of IOVLabs (RSK, RIF & Taringa platforms). Diego is one of the pioneers of web development in Argentina and Latin America and the co-founder of Bitcoin Argentina NGO and Koinbanx.

Carlota Perez. Author of “Technological Revolutions and Financial Capital”. Carlota is an international consultant, specialized in the mutual shaping of technical change and society and the lessons provided by the history of technological revolutions for economic growth and development.

Trent McConaghy, PhD. Founder of Ocean Protocol, a public utility network to safely & securely share AI data while preserving privacy.

Michael Zargham, PhD. Founder and CEO at BlockScience, an engineering, research and development, and analytics firm focused on the design and analysis of complex networks.

Justin Banon. CEO and Co-founder of Boson Protocol, a decentralized infrastructure for tokenizing and trading things as NFT vouchers with minimized trust and arbitration. Justin is a researcher within the fields of innovation and blockchain with a focus on token-powered network effects business models.

Mark Draeb. Entrepreneur and technology executive for the transportation industry. Mark is a respected consultant optimizing FMCSA data and moto carrier regulations.

Ben Melamed. Distinguished Professor for the Department of Supply Chain Management at Rutgers University.

Cody Behles. Assistant Director, Innovation & Research Support at FedEx Institute of Technology, University of Memphis.

David Sparks. Experienced executive responsible for growing and managing innovative infrastructure, technology, integration, project, and services businesses in the transportation industry.

This is your opportunity to join the dexFreight Network. We are grateful to everyone who has supported dexFreight throughout this journey to bring real visibility and collaboration to trucking and logistics.

Don't forget to click on the "Invest Now" button to join dexFreight and the future of global logistics!

Regards,

dexFreight Team

dexFreight is Reducing Double Entry Processes through TAI TMS Integration

about 1 year ago

Hello Supporters,

In order to reduce “double entry,” dexFreight has integrated with TAI-Software, a leading Transportation Management System (TMS) used by more than 50 medium and large freight brokers in the US.

dexFreight’s marketplace allows brokers to find carriers using automated matching algorithms, followed by a complete workflow to book carriers, track shipments, and issue payments after delivery. Freight brokers often find it cumbersome to add shipment information in both their Transportation Management System (TMS) and other freight tech systems.

AI and dexFreight are integrated with API to allow brokers/shippers to reduce double entry, bid and negotiate with carriers, have full visibility of shipments, and even payments.

dexFreight and TAI are integrated in both directions via cloud-based API.

That means when freight brokers add a shipment in TAI, they automatically appear in dexFreight’s shipment listing. These shipments then become visible to dexFreight’s 1900+ carrier network. When carriers bid, book, and move shipments using dexFreight’s web and mobile applications, that information is automatically forwarded to TAI and hence becomes available to the freight brokers in real-time.

This kind of seamless integration saves time and effort to TAI’s customers as well as provides functionalities not typically available in a TMS, such as bidding and negotiation with a large carrier network and end-to-end traceability using blockchain.

Just like TAI, we have other integrations in progress and will soon be announcing them. These are only the early stages of what could become a powerful logistics engine, open to carriers, brokers, shippers, as well as other freight technologies in the ecosystem.

We are grateful for the incredible support we are receiving from the community! Our crowdfunding campaign is moving forward successfully, with over 550 campaign followers! You can also be part of this fast-growing network!

Invest Now

Global Spending on Blockchain Solutions is Projected to Reach 19 billion U.S. dollars by 2024

about 1 year ago

Hello Supporters,

A recent report by Statista shows there is increasing use of blockchain solutions globally. Some of the most promising features of this technology include data validation, data access, and identity protection. According to the report, global spending on blockchain solutions was approximately $950M in 2017 and is forecasted to reach $6.6B by the end of 2021. In the next 3 years, it is estimated to grow by over 180%, projected to reach $19B by 2024.

The Future of Logistics

dexFreight's CIO & Co-founder Rajat Rajbhandari was quoted in a recent article by Middle Market Growth about the use of Blockchain technology in the logistics industry. Research shows that lack of visibility over business operations is a main issue in the industry. Rajat stated that the transparency and security blockchain provides, as well as the ability to offload back-office tasks could help reduce costs for companies.

“We believe blockchain will usher in a new era of collaboration between [carriers] to reduce the cost of onboarding new suppliers, share cybersecurity threats, global identification, component traceability, and more"

Read the Full Article

The Future Starts Here

The increasing interest in blockchain solutions, in addition to the need for better visibility and traceability in the logistics industry, makes dexFreight an optimal investment opportunity. dexFreight's market network is already seeded with over 50 thousand loads per day worth approximately $3B in freight spend.

INVEST NOW IN THE FUTURE OF LOGISTICS

Upcoming MeetUp (in Spanish)

Para nuestra audiencia hispanohablante, el sábado 18 de Septiembre, estan cordialmente invitados a un meetup organizado por Satoshi en Venezuela, donde hablaremos sobre soluciones de finanzas descentalizadas junto a nuestro co-fundador Hector Hernandez.

El evento será transmitido en vivo por YouTube.

Our decision behind raising our Seed B round through crowdfunding

about 1 year ago

For the last two and half years, we have been working towards our goal of simplifying logistics for a better world. Our thesis identifies the high fragmentation, low level of digitization and lack of liquidity as the root causes of many of the problems of our industry, plagued with manual processes, delayed payments, low visibility, elongated transit times, empty miles with its respective environmental impact, counterparty disputes and lack of trust. We believe we can address these challenges through a shared open logistics network running on decentralized protocols and Web 3.0 infrastructure, to allow freight companies to exchange real-time load and capacity availability, and transact with each other from booking to payment using smart contracts, while preserving data ownership and keeping a fair share of the value they create by participating in the network.

We started our early days by evangelizing the power and prospects of blockchain technology to the logistics industry. We quickly realized that was not enough, so we decided to build our marketplace using conventional web2 infrastructure as the interface for the users to experience this disruptive technology first hand. Since then, we have received support and validation from multiple thought leaders in both the logistics and blockchain industries.

As of today, we have raised over $3.2 million from angel and strategic investors, including freight brokers, shippers and trucking companies, who understand firsthand the pains and challenges of the industry and the potential of blockchain as the solution through the use of smart contracts.

With their support, we have launched our full truckload and drayage marketplaces; dexFi, a patent-pending alternative to freight invoice factoring to get carriers paid as soon as they deliver. In addition we have developed machine learning algorithms and the underlying protocols that make all of this possible and scalable.

With a growing network of over 2,700 logistics companies registered, and with freight spend growing at 46% quarter over quarter, we are now entering the next phase of rapid scale-up, moving forward with our vision of fair and equitable distribution of network value among those contributing to its success. For this reason, after careful consideration of the current US regulatory environment, we have decided to take advantage of the recent SEC amendments to the Reg CF rules, that allow startups to raise up to $5MM through crowdfunding. This kind of fundraising facilitates non-accredited investors and retail investors, including truckers, dispatchers, supply chain professionals, technology enthusiasts, etc. to have ownership of dexFreight.

Let this be an open invitation not only to those that have supported us from the beginning but also to anyone interested in joining us. Together we will shape the future of global logistics.

Show More Updates End of Updates

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dexFreight Inc.

Decentralized Logistics Market-Network

dexFreight Inc.

Decentralized Logistics Market-Network

$1,069,872

910

Investors

$30.1M

Valuation

$1.95

Price per Share

$390.00

Min. Investment

Common

Shares Offered

Equity

Offering Type

$1.07M

Offering Max

0

Days Left

$1,069,872

910

Investors

$30.1M

Valuation

$1.95

Price per Share

$390.00

Min. Investment

Common

Shares Offered

Equity

Offering Type

$1.07M

Offering Max

0

Days Left

Reasons to Invest

Tap into the Power of dexFreight

A Multi-Billion Dollar Communication Problem

A Decentralized Logistics Infrastructure

A Growing Network Promising to Connect the Entire Logistics Industry

Miles of Milestones

Industry Recognition

Partnerships

Streamlining Logistics for a Better World

A SaaS Model to Keep Your Shipments Moving

Alternative Invoice Financing with dexFI

Leveraging Smart Contracts and Machine Learning to optimize at scale.

En Route to Global Leadership

Logistical Leaders

Loading image

In the Press

Meet Our Team

Offering Summary

Company

dexFreight, Inc.

Corporate Address

1401 Sawgrass Corporate Pkwy, Sunrise, FL 33323

Offering Minimum

$9,999.60

Offering Maximum

$1,069,992.30

Minimum Investment Amount

(per investor)

$390.00

Terms

Offering Type

Equity

Security Name

Common Stock

Minimum Number of Shares Offered

5,128

Maximum Number of Shares Offered

548,714

Price per Share

$1.95

Pre-Money Valuation

$30,054,917.10