dexFreight Inc.

Decentralized Logistics Market-Network

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.

$770,872

raised
648
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

$770,872

raised
648
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.  



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




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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
$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

Notice of Funds Disbursement

16 hours 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 reached 70% of its funding goal! 🎯

3 days ago

Hello Supporters,

We are excited to announce dexFreight's crowdfunding campaign reached 70% of its funding goal! 

Thanks to all the 636 investors who have joined the campaign and supported dexFreight in the last few months. We remain among the top 4 most funded campaigns on StartEngine within the B2B and Software categories. 

We are confident we will soon reach 100% of our goal. You are still on time to join dexFreight and be part of the new era of logistics! 

Invest Today in dexFreight

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

7 days 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!

Notice of Material Change in Offering

8 days ago

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

Hello! Recently, a change was made to the dexFreight Inc. offering. Here's an excerpt describing the specifics of the change:


The issuer is extending their offering 61 days to 03/28/2022.


When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.

dexFreight Surpasses the $700K Milestone 🎯

10 days ago

Hello Supporters,

We are thrilled to share with you that dexFreight recently reached another critical milestone on its crowdfunding campaign, with more than $700K raised. 


In these first days of 2022, dexFreight gained over 140 new followers on StartEngine, reaching more than 1,650 followers. The campaign also grew by 9.6% in incoming investments, placing us every time closer to our funding goal!


dexFreight now places among the top 6 most funded live campaigns in StartEngine, under the Transportation category. It means a lot for our team to receive your continuous support! 


This year comes along with many exciting opportunities for dexFreight. Stay tuned for new partnership announcements and new market expansions. 


Invest Now in the future of logistics!


Regards,

The dexFreight Team

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

16 days 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!

Notice of Funds Disbursement

22 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 Reported 24% growth in loads booked in 2021 🚀

24 days ago

Hello Supporters,


Happy New Year from the dexFreight Team! 2021 was an extraordinary year for dexFreight, and each of you played a crucial role. Before we jump into 2022, let's look back at everything we achieved together in 2021:


A Growing Network

  • Users posted more than 42 million loads, worth over $46B on dexFreight's Network.
  • dexFreight welcomed over 860 new carriers; 60% of them booked 1 or more loads in 2021.
  • Users booked over 1,845 loads on dexFreight, 24% more than in 2020.
  • Over $1.2M in freight invoices were directly transacted through the Network, representing a 23% increase from the previous year.
  • dexFreight's alternative to factoring, dexFi, generated $452K in topline revenue in closed beta. Now that we market validation, we expect to release this service to the rest of the users.


Industry Recognition

  • dexFreight was recognized by FreightWaves as one of the most innovative freight technology companies for 4 consecutive years. 
  • dexFreight was selected by Endeavor among 47 companies to participate in the ScaleUp Caribe Program 2021, where the Team received strategic mentorship from top experts.
  • dexFreight was nominated as a 'Project Inspiration' during the first edition of the Blockchain Awards Latin America, organized by Blockchain Academy Mexico.
  • dexFreight was awarded by top100startups as one of the top 40 emerging companies to have on the radar.


Educating the Community

As an industry innovator, our Team is committed to educating the community and inciting the adoption of new technologies.


Blogs

  • Is It Only About A Truck Driver Shortage Or Is Part Of The Problem Something Else? Read Now
  • Future Of Logistics Workflow Automation Using AI And Smart Contracts. Read Now
  • Smart Contracts and Wallets will turn trucks to Next-Generation Logistics Workhorse. Read Now
  • We are raising our Seed B Round through Crowdfunding, here's why. Read Now


Fresh from the Press: Main Media Mentions throughout the Year


To all the 563 investors and over 1,560 campaign followers ... Thanks for making this 2021 possible and being a part of this incredible community. We are ready to make 2022 an even more successful one!

 

Invest in the future of logistics!


dexFreight Reached 60% of its Funding Goal! 🎯

30 days ago

Hello Supporters,

We are excited to announce that dexFreight's crowdfunding campaign gained 200 new followers in December 2021, now becoming a community of more than 1,520 potential investors. 

dexFreight's market network keeps growing at a fast pace: 

  • In 2021, more than 38 million loads have been posted
  • The top 5 states in terms of shipment volume are: Texas, California, Illinois, Ohio, and Georgia

Finally, we want to thank the more than 540 investors who helped dexFreight reach 60% of its funding goal! 

To become an owner of the decentralized logistics network, click on the "Invest Now" button.


Keep up with dexFreight's latest announcements by following our social media channels:

Twitter

LinkedIn

Facebook

Instagram

Telegram


Thank you for your support and for believing in dexFreight! 


Regards,

The dexFreight Team

 



Happy Holiday Season from the dexFreight Team 🎄

about 1 month ago

Wishing each of the 1,490 followers a happy holiday season! Hope you have a wonderful time with your loved ones.

To our more than 520 investors... THANK YOU for committing to dexFreight. Your support has been crucial to the company's many successes throughout the year and the many more to come in 2022!

dexFreight Demo Recording with Adrian Giannini CTO & Co-founder (Watch Now)

about 1 month ago

Hello Supporters,

Last week our Founding Team hosted the second live investor webinar of the year. Thanks to all those who participated! 

On this opportunity, our Chief Technology Officer & Co-founder, Adrian Giannini, showed an overview of dexFreight's logistics market network and explained the benefits of developing a decentralized tool powered by smart contracts.

In addition to the live demo, Adrian Giannini and Jim Handoush, President and CEO of the company, answered some of the participants' questions, including:

  • Which blockchain does dexFreight use?
  • Why do you accept brokers?
  • Can a carrier use dexFreight to determine fair market rates and trending rates? 


Notice of Funds Disbursement

about 1 month 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 Reaches 500 Investors on its Crowdfunding Campaign!

about 1 month ago

Hello Supporters,

Over 100 new followers have joined dexFreight's campaign in December, so WELCOME to the community! We are beyond excited for the continued support our Team has received this year. dexFreight is now YOUR company, and we are happy to see how fast this community is growing. Today, this campaign now has more than 1,440 followers and 500 investors!

Join dexFreight's Live Demo and Q&A Webinar!

Don't forget to join dexFreight's CTO & Co-founder, Adrian Giannini, on our upcoming live demo webinar this Thursday, December 16th. This will be dexFreight's last event of the year, so don't miss the opportunity to interact with our founding team and resolve any questions you may have about the technology disrupting the trucking and logistics industries!

Register Now


New Blog: Is It Only About A Truck Driver Shortage Or Is Part Of The Problem Something Else?

As a professional who has been in the trucking industry for over 30 years, Jim Handoush, President and CEO of dexFreight, shared his thoughts on the existing truck driver shortage situation, and his vision on how industry inefficacies can be solved by assuring that existing trucks are utilized more efficiently and productively. Read More

If you want to become an owner of the dexFreight Logistics Market Network, don't forget to click on "Invest Now."

Regards,

The dexFreight Team

Join dexFreight's Live Demo Webinar on December 16th 🚀

about 2 months ago

Hello Supporters,

It is our pleasure to announce our second investor webinar next Thursday, December 16th, at 11 am PST | 2 pm EST. On this occasion, Adrian Giannini, Chief Technology Officer and Co-founder of dexFreight, will walk you through the platform and answer your questions live!

After reaching the $600K milestone, we thought it was about time to show our shareholders and followers, the new technological developments done with your investments.

Looking forward to interacting with you next week! 

Register Now


Regards,

The dexFreight Team

Notice of Funds Disbursement

about 2 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

🎯dexFreight Reaches the $600K milestone!

about 2 months ago

Hello Supporters,


We are pleased to announce that dexFreight has now raised over $600K through its crowdfunding campaign. In less than 30 days, dexFreight received over $100K in new investments. We are now a community with over 3,200 registered companies, 1,300 campaign followers, and more than 475 investors! 

Due to rising interests and incoming questions, we are now planning a second live investor webinar. The event will take place before the holidays; we will soon share more details about this new session.

Don't forget to follow us on social media to keep up with the latest announcements!

Twitter

LinkedIn

Facebook

Instagram

Telegram


Thank you for your support and for believing in dexFreight! 

Don't forget you can become owners of the decentralized logistics network by clicking on the "Invest Now" button.


Regards,

The dexFreight Team

⏺️ Next Monday: Join dexFreight's Live Webinar!

about 2 months ago

Hello Supporters,


Don't forget dexFreight will hold a live webinar, next Monday, December 6th at 1 pm Central Time. The event will be hosted by dexFreight's Chief Informacion Officer and Co-founder, Rajat Rajhbhandari.

Limited seats are available! Register Now

dexFreight Reached Over $1,000,000 in Transactions Through the Network in 2021!

about 2 months ago

Hello Supporters,

As we reach the last month of the year, we wanted to share with you some important milestones and progress we made throughout November:

  • dexFreight's crowdfunding campaign has now reached over 1,300 followers and 52% of its funding goal! Thank you for being such an engaging and supporting community.
  • So far this year, users have transacted over $1,000,000 through dexFreight. It is important to highlight each transaction is automatically triggered by smart contracts, allowing more efficient direct transactions between shippers, brokers, and carriers.
  • The carrier network on dexFreight grew by 5% in November; dexFreight now counts with over 3,280 registered companies.

With your continuous support, dexFreight will continue expanding its service and growing its network, but most importantly, addressing two of the main issues of the $790B U.S. trucking industry: Fragmentation and cash flow issues. As an industry made up primarily of small businesses working independently from one another, such fragmentation leads to massive inefficiency and waste. dexFreight is constantly working to provide industry users a streamlined solution to incentivize collaboration, improve operations, and allow carriers to access fair and faster payments.

Trucks move 72.5% of the nation's freight by weight. Don't miss out on the opportunity to be part of the future of logistics and Invest Now on dexFreight!


Regards,

The dexFreight Team

dexFreight Surpassed 50% of its Funding Goal! 🎯

2 months ago

Hello Supporters,

As we reach the holidays, we want to take this opportunity to thank our 438 investors and over 1,250 campaign followers! With your support, dexFreight has now surpassed 50% of its funding goal. Just this month, our crowdfunding campaign has raised over $120K and added over 300 new followers. If you want to become an owner of the dexFreight Logistics Market Network, don't forget to click on the "Invest Now" button at the top of the page!

________________

Upcoming Webinar: Impact of Supply Chain Issues on Operation of Port Terminals Globally


Given the uprising concerns about the ports crisis, we have invited a group of experts from the USA, Mexico, and Colombia to explain and discuss the issues concerning port terminal operations with our community. The event will be hosted by Rajat Rajbhandari, CIO & Co-founder of dexFreight, on December 6th at 1 PM Central Time. 

Register Now

___________________

Last but not least, we want to wish you and your loved ones a Happy Thanksgiving Day! We appreciate being part of this growing and supportive community. 

Thank you so much for supporting dexFreight and the future of global logistics!


Regards,

The dexFreight Team

Notice of Funds Disbursement

2 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

Upcoming Webinar: Impact of Supply Chain Issues on the Operation of Port Terminals Globally

2 months ago

Hello Supporters,

You are invited to join our upcoming webinar on December 6th at 1 pm CST, about The Impact of Supply Chain Issues on the Operation of Port Terminals Globally. The event will be hosted by:

  • dexFreight's CIO and Co-founder, Rajat Rajbhandari, 

and counts with the participation of:

  • Jorge Lecona Murillo, Head of Innovation @Hutchison Ports, 
  • Richard Spohn, Director @Seaboard Marine, and 
  • Lucas Ariza, Executive Director @Asoportuaria. 

The panelists represent terminal and ocean line operators from various parts of the Americas, including the United States, Mexico, and Colombia. During the event, we will be discussing the global supply chain issues and the resulting congestion of ocean containers, truck wait times, cost of ocean transport, and labor and equipment shortage at ports. 

Register Now

Feel free to share this event with anyone who might be interested!


Regards,

The dexFreight Team

dexFreight's Crowdfunding Campaign Just Reached $500k

2 months ago

Hello Supporters,


We are thrilled to share that dexFreight's crowdfunding campaign recently surpassed half a million dollars in total investments! Only 17 days ago, we were announcing the $400K milestone. 

Thanks to your support, dexFreight is now a community of over 400 investors and more than 1,160 followers, working together to achieve a more efficient, transparent, and collaborative logistics industry!

We are also working on a series of announcements and new upcoming webinars, so don't forget to follow our campaign page and our social media accounts to stay tuned. 

Twitter

Facebook

LinkedIn

If you have any questions, you can post them here on the StartEngine page; our Team will get back to you promptly. 

To become an owner of the dexFreight Logistics Network, please click on the "Invest Now" button!  


Once again, thanks for supporting the future of global logistics!


Regards,

The dexFreight Team

New Drayage User Interface Released on November 2021

3 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

3 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

Revolutionizing Transportation and Logistics Through Blockchain Technology

3 months ago

Hello Supporters,

dexFreight's CSO & Co-founder, Hector Hernandez, was recently invited to participate in an episode of Logistics Sessions "The Podcast" to discuss the role blockchain technology will play in the future of transportation and logistics. 

The podcast is now available on Spotify

In this episode, Hector addresses the following topics: 

- What is blockchain?

- What are smart contracts?

- How can blockchain technology be used in logistics and transportation?

- Are there any risks of cyber attacks?

- How can blockchain technology improve the trucking/logistics industry?

- How can carriers benefit from this technology?

Listen Now

__________________________________________

As always, thanks for supporting dexFreight! Don't forget you can become owners of the dexFreight logistics market network by clicking on the "INVEST NOW" button.


Regards,

The dexFreight Team

dexFreight Reached the $400K Milestone! Thank You

3 months ago

Hello Supporters,

It has been an incredible week for the company. We not only hosted dexFreight's first live Q&A, but also our crowdfunding campaign reached the $400K milestone.  Over 890 potential investors are now following the campaign, growing 45% in October.


Watch this week's Live Q&A

dexFreight's first live Q&A session was a great success. Jim Handoush, dexFreight CEO shared an overview of the logistics industry, its main problems, and different technologies used in today's processes. 

Main topics addressed during the call:

  • Why crowdfunding?
  • Company trajectory
  • Business model
  • Competitive landscape
  • Blockchain application
  • Decentralized Finance



The expertise of the team you have is incredible, anyone knows in this space there is a lot of "New money" trying to do things. Anyone who knows, understands this is the primary platform of the future. - Dustin F


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 deFreight Team

dexFreight LIVE Q&A

3 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 

In 2 Days - ⏺️ Upcoming Live Investor Webinar

3 months ago

Hello Supporters,

Don't forget to mark your calendars for the upcoming live Q&A session, this Wednesday, October 27th at 10 am Pacific| 1 pm Eastern Time.

Join dexFreight's Founders: Jim Handoush, Rajat Rajbhandari, Hector Hernandez, and Adrian Giannini, while they discuss the company's investment opportunity and answer questions from participants.

Reserve your seat now! 

Join dexFreight's Live Investor Webinar on October 27th

Notice of Funds Disbursement

3 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

Upcoming 1st Live Q&A with dexFreight's CEO - Register Now 🕙

3 months ago

Hello Supporters,

We are excited to announce dexFreight's 1st live Q&A Webinar. The event will take place next Wednesday, October 27th at 10 am PDT| 1 pm EST.

The event will be hosted by Jim Handoush, CEO and Co-founder of dexFreight.

Our Founding Team will be sharing an overview of the company and addressing the most common questions from investors.

Register here!

We have also opened a space for the community to submit their questions ahead of time. If you want to ask our team something, please leave your questions here.

To all our 800+ campaign followers, we hope to see you next week!


Regards,

dexFreight Team


Q3 2021 Updates & Announcements

4 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

4 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:

  1. Broadcast available loads
  2. Find and reserve available trucks for shippers and customs brokers
  3. Onboard carriers
  4. Access real-time cargo tracking
  5. 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:

  1. American Journal of Commerce: Hutchison Ports Mexico to use dexFreight to improve overall efficiency
  2. FreightWaves: Borderlands: Mexico to require more documentation for shipments traversing the country
  3. beINcrypto: Hutchison y DexFreight expandirán operaciones de puertos mexicanos con blockchain
  4. méxicoxport: Fortalece Hutchison tecnología blockchain en Veracruz y Lázaro Cárdenas
  5. 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

4 months ago

Hello 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.


Over 1,200 companies were nominated this year, and the list was narrowed down to the top 100 by a panel of FreightWaves analysts, researchers, journalists, and data scientists.

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.

4 months ago

Hello 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

4 months 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 BehlesAssistant 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

4 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

dexFreight is Reducing Double Entry Processes through TAI TMS Integration

4 months 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

4 months 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.


dexFreight Adds Mark Draeb to Advisory Team

4 months ago

Hello 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

5 months ago

Hello 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.  

Upcoming Live Webinar: dexFreight - A Blockchain Solution for the Logistics Industry

5 months ago

Hello Supporters,

dexFreight's CIO & Co-founder, Rajat Rajbhandari, Ph.D. has been invited by the FedEx Institute of Technology and Blockchain901 to explain how to leverage blockchain technology to improve the workflow of shipment processing for freight brokers and carriers involved in over-the-road freight transportation. Rajat will also share how dexFreight is using smart contracts to unlock decentralized financing to provide inexpensive liquidity to small carriers.


Click here to Register


About Rajat

Rajat Rajbhandari, PhD is co-founder and CIO of dexFreight where he heads the development of machine learning applications for the logistics platform, decentralized protocols, and other special projects. He also leads the Mobility Open Blockchain Initiative (MOBI) vehicle identity and supply chain working groups. In that capacity, he works closely with several Fortune 100 companies such as Ford, Honda, GM, BMW, AWS, Denso, USAA, AWS, and others to develop blockchain standards and reference architectures for a variety of mobility applications. Prior to dexFreight, Rajat worked at Texas A&M University for over a decade as a research scientist. He holds a doctorate degree in transportation. He recently authored “A Book About Blockchains: How Businesses Can Use Public Blockchain”, a comprehensive playbook for enterprises to implement blockchain. It is available globally in major online bookstores. His interviews on the topic of blockchain and logistics have appeared in The Wall Street Journal, FreightWaves, Journal of Commerce, and more. He also writes blogs in Medium about the use of blockchain and machine learning in logistics.

Key Updates from dexFreight's CSO & Co-founder, Hector Hernandez

5 months ago

Hello Supporters, 

On August 26th, dexFreight's CSO & Co-founder, Hector Hernandez, was invited to participate in the 7th RSK Ecosystem Update. He shared the major challenges dexFreight is solving in the logistics space and news about fundraising efforts.

Here are some of the main points discussed:

"I am big fan of dexFreight. It is one of the earliest partners of the RSK Ecosystem and actually building real logistics solutions benefiting from bitcoin" Gabriel Kurman, Co-founder of RSK Labs and Master Advocate at IOVLabs.

Having the right incentive structure is key for companies to exchange information in a highly competitive market. Most successful Web3 platforms issue a token. So, why haven't dexFreight issue a one? 


Invest today and become part of the open network looking to connect the entire logistics industry.

INVEST NOW




Over $300K raised and counting

5 months ago

Hello Supporters,


dexFreight crowdfunding campaign just reached another important milestone with over $300,000 raised. During these last 4 days, our campaign has received more than $50K in new investments and our campaign followers have increased by 15%!


Upcoming Session

Our CIO & Co-founder, Rajat Rajbhandari, Ph.D., has been invited by the FedEx Institute of Technology and Blockchain901 to talk about the multiple obstacles faced by players in the trucking and logistics industries, and how dexFreight is leveraging blockchain to improve the workflow of shipment processing for freight brokers/shippers and carriers to move ground freight. 

Click Here to Register


Bonus shares

We are grateful to all the early investors who took advantage of our time-based incentives. Thanks for giving the campaign its initial push! From now on, we will offer multiple incentives based on the amount invested as shown below:

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. 


We have important announcements coming in September, so stay tuned for more updates!


You can also follow dexFreight on:

Twitter

Facebook

LinkedIn


Once more, thanks for your support!

- the dexFreight Team


The Clock is Ticking! ⏰ Final Hours to Receive Bonus Shares

5 months ago

Hello Supporters,

We are reaching the first month of the crowdfunding campaign, and our team is thrilled with the support and interest we have received from the community and near 200 investors

Only a few more hours are left to take advantage of our "Supporter" time-based incentive! You have until this Sunday, August 29th, at 6:00 am PDT, to receive 6% additional shares for any investment starting at $390.

Join the growing network connecting the entire logistics industry! 

INVEST HERE


Have questions about dexFreight? Comment on the campaign page, and our team will get back to you.

Regards,

dexFreight Team


6% Bonus Shares End in 3 Days

5 months ago

Hello Supporters,


Over 22,000,000 loads have been posted on dexFreight in 2021. In addition, we have seen rapid growth in registrations, with over 2,800 companies registered including carriers, freight brokers, and shippers. 


Our Time-Based Perks are coming to an end. Our "Supporter Bonus" offers 6% bonus shares with any investment amount. This is your last chance to earn extra shares on dexFreight. You can always check the time left by looking at the countdown clock on the top right of the campaign page. 

This is your opportunity to bring real collaboration to the logistics industry. Invest Now and receive your bonus shares!

Finally, don't forget to join tomorrow's live stream with dexFreight's Co-founder & CSO, Hector Hernandez!


Thanks for your support!

The dexFreight Team


Join dexFreight on a live stream discussion with members of the RSK ecosystem

5 months ago

Hello Supporters,


This Thursday, Hector Hernandez, co-founder and CSO of dexFreight, will be sharing some company updates in the next RSK Ecosystem Call.

The event will live stream on YouTube starting at 11 am EST on Thursday, August 26, 2021.

RSK is one of dexFreight's earliest partners and investors. It is the most secure smart contract network in the world. RSK enables decentralized applications secured by the Bitcoin Network to empower people and improve the quality of life of millions. 

You can learn more about our joint efforts in the following press releases:

  1. dexFreight decentralized blockchain-based logistics

  2. dexFreight integrates RIF blockchain solutions to decentralize logistics


Also, please don't forget you have 4 days left to take advantage of the 6% bonus shares. This is your opportunity to invest in the future of logistics! 

Last 5 days to receive bonus shares on dexFreight

5 months ago

Hello supporters,

We have entered our final week of time-based incentives, which means it is your last chance to receive bonus shares. 

Receive 6% bonus shares when investing in the following 5 days!  


If you want to learn more about dexFreight's most recent activities, please check out July's Newsletter.


IMPORTANT: This is the last time we will be offering bonus shares. Don't miss this opportunity!


Regards,

dexFreight Founders

Notice of Funds Disbursement

5 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

Last chance to receive 10% bonus shares

5 months ago

Hello Supporters,

This is your last chance to receive 10% bonus shares when investing in dexFreight. There are only a few hours left, so don't miss your window! You can always see how many hours are left by looking at the counter on the top right of the campaign page.

Regards,

dexFreight Founders

dexFreight presented positive growth in July 2021

5 months ago

Hello Supporters,

We are proud to share with this amazing community the growth progress of dexFreight’s logistics market network throughout the month of July. 

  • Total freight spend from active companies in dexFreight grew by 22% compared to June 2021. For those of you not familiar with the industry, freight spend refers to the cost paid to the carrier for transporting goods.

  • dexFreight carrier network keeps growing at a 12% MoM rate. Most of these carriers are referred by existing customers. Compared to other freight-tech companies, carriers on dexFreight have visibility over available loads posted by other customers outside of their existing network, opening new business opportunities for them.  

  • dexFreight market network supports both truckload and drayage freight, growing at 20% and 24% rates respectively during July 2021.


With all this being said, we just wanted to remind you still have 2 more days to receive 10% bonus shares. Early Bird Bonus ends this THURSDAY.

Over $200K raised in 2 weeks and counting!

5 months ago

Hello Supporters,


This past weekend, we surpassed our second important milestone with over $200k raised in two weeks. Thanks to all those supporting this vision of bringing more collaboration and efficiencies to logistics and trucking.


Don’t forget you are still eligible to receive 10% bonus shares through our Early Bird incentive program ending on August 19th.  


Stay tuned for new announcements this week!


Best,

dexFreight Founders

Smart contracts and wallets will turn trucks to next-generation logistics workhorse

6 months ago

In this blog post, we argue that automated trucks (especially Levels 4 and 5) will be embedded with digital wallets connected with smart contracts to interact with blockchain to:

  1. spend and receive digital payments. 
  2. be an integral part of artificial intelligence (AI) driven workflow automation.
  3. create business innovations such as fractional asset sharing. 

At dexFreight, we believe the next level of innovation in blockchain technology is the direct participation/integration of physical assets with the underlying ledger.


We can all agree to disagree on the year automated trucks (Levels 4 and 5) will be available at a nearby dealer. However, we all can agree that it is not a matter of if, but when it will happen. Level 4/5 means a truck can function without a driver physically present in the cab or in a remote control room. Einride and Volvo are two companies actively testing Level 4/5 automated trucks. At present, the focus of truck manufacturers is to ensure safety features work flawlessly.

However, driving a truck is not only about going from point A to B safely. A driver performs many non-driving functions to satisfy a contract between shipper and carrier — collecting and sending bills of lading and proof of deliveries, gathering accessorial charges, informing shippers about the truck’s status, paying for fuel and services. These tasks will have to be digitized and automated in order to be truly driverless. We also think when Level 4/5 trucks are ready for the market, AI+sensors will play a major role and potentially take over many digital functions that a driver performs.

Learn more about use cases of smart contracts in trucking, here.

dexFreight Reached the first $100K Funding Milestone

6 months ago

Hello Supporters,


dexFreight has received over $100K in investments within 10 days from launch and we couldn’t be more excited for the support you have shown us. This is just the first of many milestones to come! 

Please don’t forget you have 10 more days to receive 10% bonus shares for investing early. 

Thanks for believing in us.


Best,

dexFreight Founders

dexFreight is included in the LogTech 2021 map by Alcott Global

6 months ago

Hello dexSupporters!

dexFreight has been included in the LogTech 2021 map. We are grateful to the Journal of Commerce, Alcott Global, Refashiond Ventures, Cambridge Capital, Thetius, and The Worldwide Supply Chain Federation for including dexFreight in it. dexFreight is a multi-sided platform built on open protocol powered by blockchain,  even though, we don't squarely fit in the "freight brokerage software" box, we are looking forward to new categories in this map as innovative business models like ours servicing the logistics industry emerge.

Our decision behind raising our Seed B round through crowdfunding

6 months 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.

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