Trax

Trax Group is revolutionizing the transportation industry with its comprehensive services that go beyond compliance and payment. The company, formerly known as Veraction, boasts a rich history in freight audit and payment dating back to 1994. With a team of over 200 professionals and nearly 300 customers across various industries, Trax Group offers a range of solutions, from traditional freight audit and payment to sourcing new transportation contracts and providing robust business intelligence. Trax's headquarters in Memphis, TN and additional delivery and technology capabilities in Los Angeles, CA, Austin, TX, Saint Simons Island, GA, Amsterdam, Manila, and Shenzhen, China enable the company to serve clients globally. Its services aim to provide better visibility, savings, and control over transportation spend, catering to the evolving needs of shippers in today's dynamic market. Trax Group's shift towards advanced capabilities aligns with the evolving demands of shippers for real insight into spend data, robust monitoring, and visibility across all modes globally. Though the specifics of the last investment and investors remain undisclosed, Trax Group's wide-ranging services and global reach position it as a compelling player in the transportation industry.