Trax’s award-winning tech impacts global supply chain procurement processes

Trax Technologies, the global leader in Transportation Spend Management (TSM) solutions, announced the company’s recognition as a Food Logistics Top Software & Technology Providers Award recipient. The award celebrates technology providers that ensure a safe, efficient, and reliable global food and beverage supply chain.

During a time when every penny matters, Trax is using the announcement of its latest technology honor to remind industry leaders that shippers are planning to offset the cost of inflation with improved carrier relationships centered around utilizing on-time payment, speed, carrier loyalty and recession-proofing profit margins.

“Trax uses fully automated data insights to empower shippers to optimize the cost-to-serve of their global transportation networks. This ensures timely delivery of goods and provides cold-storage shippers with the service needed to feel secure as their freight moves around the globe,” said Josh Bouk, president, Trax. “Our technology makes it possible for enterprise shippers to balance the service needs of the business -- with the costs of those services and the impact those services have on our world. Service, cost, and emissions are the three legs of Transportation Spend Management delivered by Trax.”

Enterprise shippers depend on the reliable data that Trax provides from its innovative software, which is critical to smart decision-making within the supply chain. Helping with increased reliability and resiliency of the transportation network, Trax's cold-storage and food customers can see issues before they arise.

“The supply chain management software segment is projected to reach $18.04 billion this year, according to Statista. This includes all of the emerging software solutions such as barcode systems, FinTech, inventory control, mobile technology, robotics, wireless technology, and more,” said Marina Mayer, Editor-in-Chief of Food Logistics and Supply & Demand Chain Executive. “These providers and their solutions are being implanted to address challenges in the cold food supply chain, whether that be port closures, driver safety, or just simply automating a process.”