Trax Technologies

Trax Technologies is a freight audit and transportation spend management company founded in 1993 and headquartered in Irving, Texas. It addresses the problem of large shippers reconciling freight invoices manually across hundreds of carriers and modes, which causes overpayments, late payments and poor cost visibility.

The Prizma.AI platform validates freight invoices against contracted rates, automates payment and rate control, normalizes carrier data globally, and allocates costs down to the SKU level, with an AI layer for exception handling. Trax reports managing over 25 billion dollars in transportation spend for more than 125 enterprise customers, including Pfizer, Starbucks and Dell, across 120 countries.

1. Freight Audit: validates every invoice against contracted carrier rates.

2. Payment Control: automates freight payment processing and approvals.

3. Rate Control: centralizes and manages carrier rate contracts globally.

4. Cost Allocation: assigns transportation costs down to the SKU level.

5. Match Manager: reconciles invoices against shipment records automatically.

6. Emissions IQ: tracks carbon data from shipments for ESG reporting.