Transfix Inc. plans to go public through a merger with a special-purpose acquisition company valuing the digital freight startup at $1.1 billion, the latest deal shaking up the middleman freight brokerage business.
The blank-check merger would allow New York-based Transfix, which competes with bigger rivals including Uber Technologies Inc.’s Uber Freight business, to tap public markets for backing to expand its business of using technology to connect shippers with truckers and to expand development of additional services, such as transportation management software, company executives said.
For the full piece on The Wall Street Journal, click here.
