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dexFreight Inc.
Decentralized Logistics Market-Network
Sunrise, FL
Business to Business
Software & Services
dexFreight is a FinTech-enabled market network for freight companies to handle shipments from booking to payment in one place using smart contracts. It connects carriers, freight brokers, shippers and other actors of the supply chain through an open logistics network, built on decentralized protocols.
$376,054
raised
290
Investors
$30.1M
Valuation
$1.95
Price per Share
$390.00
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
Reg CF
Offering
Rewards
Get rewarded for investing more into dexFreight Inc.:
$390+
Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
$390+
Investment
Tier 1: $390+
Receive 5% bonus shares and a 10% discount on dexFreight platform products for 6 months.
$1,000+
Investment
Tier 2: $1,000+
Receive 8% bonus shares and a 15% discount on dexFreight platform products for 8 months.
$5,000+
Investment
Tier 3: $5,000+
Receive 12% bonus shares and a 20% discount on dexFreight platform products for 10 months.
$25,000+
Investment
Tier 4: $25,000+
Receive 15% bonus shares and a 25% discount on dexFreight platform products for 12 months.
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.
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
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In the Press
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
$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
$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
Q3 2021 Updates & Announcements
1 day agoHello 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:
- Logistics Technology Expert, Mark Draeb, Joins dexFreight's Advisory Team.
- Middle Market Growth: The Future of Logistics - Reorganizing suppliers, new technology and talent shape supply chains.
- Diario Bitcoin: Usos de NFTs para optimizat los procesos de transporte.
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.
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
4 days agoHello 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
dexFreight Gets Recognized by FreightWaves as a Top Innovative Freight Tech Company
9 days agoHello Supporters,
We are thrilled to announce that dexFreight has been recognized as a 2022 FreightTech100 company. This annual award, organized by FreightWaves, honors the top freight technology companies contributing to innovation and disruption within the freight industry.
Seeing dexFreight on the same list as Tesla and Amazon is truly an honor for the team. 2022 marks the fourth consecutive year where dexFreight has made the top list. This is a significant encouragement for us to keep pushing boundaries. We are convinced that the combination of new technologies like blockchain and machine learning will lead to a more transparent and efficient supply chain.
Check out the full list of FreighTech100 companies
Join us on this journey to bring real visibility and collaboration to trucking and logistics, and ...
Invest Today in dexFreight!
Best,
The dexFreight Team
International Consultant Carlota Perez Shares Her Thoughts on dexFreight.
17 days agoHello Supporters,
It is an honor to share this recent testimonial from Carlota Perez, author of "Technological Revolutions and Financial Capital" and member of the Advisory Team at dexFreight. Forbes recently recognized Carlota as one of the 5 economists redefining everything.
"I learned about dexFreight early on and was impressed."
We feel honored to count on the support and expertise of Carlota and many other recognized professionals in the areas of logistics, blockchain, and technology.
We are thrilled to announce that we have reached over 600 campaign followers and counting. Just in September, over 160 new users started following dexFreight's campaign on StartEngine.
Don't forget that you are also eligible to receive bonus shares or discounts on dexFreight platform products for every investment you make. Click on the "Invest Now" button to join dexFreight and the future of global logistics!
Regards,
dexFreight Team
Meet dexFreight’s Key Advisors
24 days agoHello 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
Notice of Funds Disbursement
25 days 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
dexFreight is Reducing Double Entry Processes through TAI TMS Integration
26 days agoHello 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!
Global Spending on Blockchain Solutions is Projected to Reach 19 billion U.S. dollars by 2024
29 days agoHello 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"
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.
dexFreight Adds Mark Draeb to Advisory Team
about 1 month agoHello Supporters,
dexFreight is happy to announce that Mark Draeb, an entrepreneur and technology executive, has joined the company’s Advisory team.
“Mark Draeb is a respected technology executive with extensive experience in new ventures and SaaS enterprises and he is very well connected within the logistics space, specifically around load boards and TMS and other technologies,” said Jim Handoush, president and CEO of dexFreight. “His expertise in consulting and advisory capacities has been sought out by many industry leaders, and we are looking forward to applying his abilities and bold strategic vision to our channel partner development and technical platform support activities.”
Throughout his career, Draeb has created several new ventures and SaaS enterprises, formed strategic alliances and partnerships, raised capital and led mergers and acquisitions. His areas of expertise include marketing and business development, revenue growth and profit maximization, product and market rationalization, strategic alliances and partnerships, channel development, capital raising, and mergers and acquisitions.
In the past Draeb has held positions of Vice President of Carrier Management Business Unit at Truckstop.com, as President of the Grizella LLC subsidiary uShip.com, and as President/Founder of Grizella Corporation, a provider of SaaS, consulting, and hosting services for the freight transportation industry. He has also served as a board member of the Transportation Intermediaries Association.
dexFreight provides secured parking spots for truck drivers via TruckPark partnership
about 1 month agoHello Supporters,
Truck drivers are the workhorse of the logistics industry. Truck drivers have consistently voiced concerns about the inadequacy of safe parking spots and mentioned it as one of the topmost problems plaguing the industry. dexFreight’s mobile app is used by truck drivers to receive shipment information, track location, record bill of lading, proof of delivery, payment receipts, etc. Hence, we recognized early on that finding safe and secured parking spots is critical for the drivers to be able to pick up and deliver shipments on time.
That is why we partnered with TruckPark Inc. It is rated #1 secured parking service provider in the US. It allows truck drivers and dispatchers to reserve parking spots at 220+ secured locations.
TruckPark’s secured parking spots are shown by green circles. Shipments available in dexFreight are shown by grey dots. The map shows availability of secured parking spots at major markets.
Truck drivers using dexFreight’s mobile app can easily find TruckPark locations and reserve spots along the way when drivers are transporting shipments. The mobile app shows available parking spots in the proximity of their current location. Drivers/dispatchers can also reserve spots if they know when they will be taking breaks.
dexFreight is committed to the safety and security of truck drivers as well as providing them inexpensive tools to find better loads, rate predictions, ability to plan multi-load trips, as well as our patent-pending blockchain-powered next-day payment.
If you want to learn more about the partnership with TruckPark, click here.
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