NEW YORK, Jan. 25, 2023 /PRNewswire/ -- G Squared Ascend I Inc. (the "Company") (NYSE:GSQD, GSQD, GSQD.W))), a special purpose acquisition company, today announced that it will redeem all of its outstanding Class A ordinary shares, par value $0.0001 per share (the "Public Shares"), effective as of the close of business on February 9, 2023, because the Company will not consummate an initial business combination within the time period required by its Amended and Restated Memorandum and Articles of Association (the "Articles"). As such, in accordance with the Company's Articles, the Company will: cease all operations as of February 9, 2023, except for the purpose of winding up;as promptly as re

Partnership extended via new private financing CHICAGO and NEW YORK, Oct. 11, 2022 /PRNewswire/ -- G Squared Ascend I Inc. (NYSE:GSQD) ("G Squared Ascend I"), a publicly traded special purpose acquisition company sponsored by affiliates of G Squared, and Transfix, Inc. ("Transfix"), the Intelligent Freight Platform™, a digital freight startup driving modern supply chain performance with its AI platform, today announced the mutual termination of their previously announced business combination agreement due to current public market conditions. Concurrently, G Squared and New Enterprise Associates, Inc. ("NEA") will lead a private round of investment to support Transfix's continued growth. As p

Introduces Shipper Savings model to the pricing ecosystem to help shippers mitigate risk during peak season and beyond NEW YORK, Sept. 19, 2022 /PRNewswire/ -- Transfix, Inc. ("Transfix"), the Intelligent Freight Platform™, today announced the launch of Transfix TrueRate+ (TTR+), a fresh approach to transportation pricing that guarantees tender acceptance, helping to reduce reliance on RFPs, and can deliver anticipated savings of upwards of 10% on average freight cost. Rate opacity is a leading source of distrust across the transportation industry. Add to that the time-consuming RFP process, and transportation executives find themselves faced with a cumbersome process that lacks visibility a

– Television Host Jason Cameron will renovate Jess Graham's rig and host a virtual reveal during National Truck Driver Appreciation Week 2022 – NEW YORK, Sept. 8, 2022 /PRNewswire/ -- Transfix, Inc. ("Transfix"), the Intelligent Freight Platform™, today announced Jess Graham– a Snellville, Georgia-based truck driver and community advocate– as the winner of the second-annual "TransFIX My Rig" makeover contest. Graham will receive a custom truck renovation by Jason Cameron, a television host and licensed contractor who has appeared on over 500 episodes of home renovation programs. These include DIY's "Man Caves," "Desperate Landscapes," "Urban Oasis," "Sledgehammer," and, most recently, CBS' "

– API connectivity allows e2open TMS clients to access dynamic market information with simple setup requiring only a few clicks – NEW YORK, Aug. 31, 2022 /PRNewswire/ -- Transfix, Inc. ("Transfix"), the Intelligent Freight Platform™, today announced new API connectivity with e2open's global multi-modal Transportation Management System (TMS), providing shippers with easy automated access to dynamic market rates and capacity. Transfix's new integration with e2open, the connected supply chain SaaS platform with the largest multi-enterprise network, will allow shippers on e2open's platform to access Transfix's nationwide network of top-performing full truckload (FTL) carriers for van and reefer

– Dedicated Freight Management, Digital Negotiation Experience, and Load Insights keep trucks fully loaded at the best rates – NEW YORK, Aug. 18, 2022 /PRNewswire/ -- Transfix, Inc. ("Transfix"), the Intelligent Freight Platform™, today announced the release of a new suite of features for its Fleet Management System (FMS). Now, carriers can book and manage dedicated freight and contract rates with some of the nation's largest shippers, digitize their bidding experience for quicker negotiation, and easily identify attractive loads that offer great rates or flexible pickup times. These new features support carriers' efforts to keep their trucks fully loaded and procure the best available rates

– Tzeng brings enterprise AI product expertise to connect shippers and carriers intelligently, sustainably, and at scale – NEW YORK, Aug. 11, 2022 /PRNewswire/ -- Transfix, Inc. ("Transfix"), the Intelligent Freight Platform™, today announced Tony Tzeng has joined as the company's first-ever Chief Product Officer. He will lead product strategy, execution, and innovation serving shippers and carriers across the Transfix portfolio. Tzeng's expertise is in enterprise AI, and he joins Transfix from UiPath, a leading enterprise automation software vendor, where he served as VP of Product Management for AI products. Prior to that he served as Principal Lead Product Manager at Microsoft. "When your

– Company commits to the Road Freight Zero Initiative, working to advance the deployment of zero-emission fleets and infrastructure –  NEW YORK, May 20, 2022 /PRNewswire/ -- Transfix, Inc. ("Transfix"), the Intelligent Freight Platform™, today announced it has become a part of The World Economic Forum's Global Innovators Community with a focus on the Road Freight Zero Initiative. Launched in 1971, The World Economic Forum is an international non-governmental and lobbying organization created with the vision to build, connect, and engage the foremost global community of start-ups and scale-ups to further the mutual impact in the world. Road Freight Zero is a coalition under the leadership of

– Applies nearly a decade of data and machine learning models for shippers to make strategic decisions that balance cost, predictability, and service – NEW YORK, May 9, 2022 /PRNewswire/ -- Transfix, Inc. ("Transfix"), the Intelligent Freight Platform™, today announced the launch of a beta program for its new sourcing optimization tool. The solution is designed to modernize the traditional freight procurement process by allowing shippers to calibrate carrier commitments and optimize their freight spend.  The tool predicts and prescribes a sourcing strategy based on historical and real-time data. This enables shippers to procure capacity at an anticipated optimal rate with the highest expecte

NEW YORK, May 6, 2022 /PRNewswire/ -- Transfix, Inc. ("Transfix" or the "Company"), the Intelligent Freight Platform™, today announced record financial results for the first quarter of 2022. First Quarter 2022 Financial Highlights:Total Revenue increased 50% from the first quarter of 2021, to $90 million.Gross Profit increased 28% from the first quarter of 2021, to $6.0 million.Adjusted Gross Profit1 increased 34% from the first quarter of 2021, to $6.6 million.(1)        Adjusted Gross Profit is a  non-GAAP financial measure. See "Use of Non-GAAP Financial Measures" below for discussion of this non-GAAP financial measure. President and CEO Lily Shen said, "The first quarter of 2022 was anot

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– Tzeng brings enterprise AI product expertise to connect shippers and carriers intelligently, sustainably, and at scale – NEW YORK, Aug. 11, 2022 /PRNewswire/ -- Transfix, Inc. ("Transfix"), the Intelligent Freight Platform™, today announced Tony Tzeng has joined as the company's first-ever Chief Product Officer. He will lead product strategy, execution, and innovation serving shippers and carriers across the Transfix portfolio. Tzeng's expertise is in enterprise AI, and he joins Transfix from UiPath, a leading enterprise automation software vendor, where he served as VP of Product Management for AI products. Prior to that he served as Principal Lead Product Manager at Microsoft. "When your

NEW YORK, May 3, 2022 /PRNewswire/ -- Transfix, Inc. ("Transfix"), the Intelligent Freight Platform™, today announced the appointment of Jeffrey Immelt to its Board of Directors. Mr. Immelt has served as a venture partner with NEA since 2018 and formerly served as the Chairman and Chief Executive Officer of General Electric from 2001 to 2017. He brings to Transfix decades of experience as an executive and director of public companies, and currently serves on the board of numerous public and private companies. "I am so pleased to welcome Jeff to the Transfix Board of Directors at this incredible time in our company's history," said Lily Shen, CEO and President of Transfix. "His experience lea