News

Navigating the Hormuz Disruption: Are your Freight Decisions Built on Solid Grounds?

Trax Technologies — Thu, 16 Apr 2026 14:14:30 GMT

A joint perspective from Trax Technologies and Xeneta

Key Takeaways

The Strait of Hormuz disruption has sharply reduced transits and driven war-risk insurance premiums to historic highs, forcing shippers onto unfamiliar lanes under time pressure.
Without independent rate benchmarking, shippers have no reliable way to assess whether they are paying the right market rates on rerouted freight.
Carrier performance data on new routes is critical, as blank sailings and transit time inconsistencies can add hidden costs that were never anticipated.
The true financial impact of rerouting decisions typically surfaces weeks after the fact, making real-time freight audit and spend visibility essential.
Together, Xeneta and Trax provide the market intelligence and financial controls needed to navigate disruption with confidence.

What the Strait of Hormuz Disruption Means for Global Freight

The Strait of Hormuz is a critical maritime chokepoint connecting the Persian Gulf to the Arabian Sea, through which a significant share of the world's oil and containerized cargo passes. The crisis unfolding there is rewriting the rules of global freight with alarming speed.

Los Angeles Port Volumes Collapse: Truckers Lose 40% of Daily Loads as Tariffs Bite

Trax Technologies — Mon, 16 Jun 2025 17:55:56 GMT

The Port of Los Angeles, America's gateway for 40% of national imports, delivers a stark warning about tariff impacts on supply chain operations. Executive Director Gene Seroka reports truckers who previously hauled four to five containers daily now manage just two to three loads—a devastating 40% reduction in business volume that exposes the hidden costs of trade policy volatility.

Supply Chain Decision Speed Has Changed

Trax Technologies — Mon, 16 Jun 2025 17:50:25 GMT

Supply chain executives face an unprecedented challenge: decisions that traditionally took three to five years now demand resolution within days or weeks. As President Trump's tariff negotiations with 15 countries intensify and "take it or leave it" ultimatums loom, procurement leaders must completely rethink their decision-making frameworks for an era of constant trade policy volatility.

Trax Technologies Recognized as Top Software and Tech Provider

Trax Technologies — Thu, 14 Dec 2023 19:09:23 GMT

Trax’s Transportation Spend Management platform earns recognition as a leading innovator in technology solutions

DALLAS, Dec. 12, 2023 -- -- Trax Technologies, the global leader in Transportation Spend Management (TSM) solutions, today announced the company’s recognition as a Top Software & Tech Award winner for 2023 in the Supply Chain Visibility category. The award is given by Supply & Demand Chain Executive, the only publication covering the entire global supply chain and Food Logistics, the only publication exclusively dedicated to covering the movement of products through the global cold food supply chain. The Top Software & Tech Award spotlights new-to-market software and technology solutions in the supply chain space.

Trax Appoints New Chief Revenue Officer Bill Strogis

Trax Technologies — Mon, 04 Dec 2023 17:20:18 GMT

Trax Welcomes Sales Leader to Ignite Go-To-Market Strategy and Drive Business Growth

DALLAS, Nov. 27, 2023 -- Trax Technologies (Trax), the global leader in Transportation Spend Management (TSM) solutions, today announced the appointment of Bill Strogis as Chief Revenue Officer (CRO). With an impressive track record spanning three decades in Enterprise Software Sales, Strogis brings a wealth of experience and expertise to spearhead the company's ambitious growth strategy.

Trax and TriumphPay Tackle Fraud Prevention at CSCMP EDGE 2023

Trax Technologies — Tue, 26 Sep 2023 19:20:07 GMT

Trax and TriumphPay executives co-present strategies for mitigating transportation fraud risks, while gaining end-to-end visibility into carbon emissions for reporting and reduction purposes.

DALLAS, September 26, 2023 -- Trax Technologies, the global leader in Transportation Spend Management (TSM) solutions, and strategic partner TriumphPay, the premier payments network for freight brokers, factors, shippers, and carriers, are educating industry leaders about methods for reducing the risk of fraud within transportation payments. With U.S. business logistics costs reaching a staggering $2.3 trillion in 2022 and fraud activity increasing 57% in Q2 2023 compared to Q2 2022, transportation payments fraud is a huge area of concern for global supply chain leaders.

Freight Audit & Payment Data Insights Can Help Shippers Forecast for Supply Chain Peak Season

Trax Technologies — Tue, 12 Sep 2023 13:54:17 GMT

Trax reports data insights as essential for reducing risks and optimizing shipping costs this peak season.

DALLAS, August 14, 2023 -- Data insights are key to a successful 2023 peak season, regardless of transportation mode. Spikes may not be as drastic this year due to the change in consumer spending behavior and initiatives by retailers to spread out the peak season over a longer period of time using discounts and other incentives. However, Trax Technologies (Trax), the global leader in Transportation Spend Management (TSM) solutions, advises supply chain leaders to leverage a data-rich peak season shipping strategy to minimize inefficiencies, risks, and costs.

Trax Appoints Blake Tablak as New CEO

Trax Technologies — Thu, 17 Aug 2023 20:32:56 GMT

Enterprise software and business leader Blake Tablak will continue the growth of Global Transportation Spend Management Solutions Provider

DALLAS, August 14, 2023 -- Trax Technologies (“Trax” or “the Company”), the global leader in Transportation Spend Management (TSM) solutions, today announced the appointment of Blake Tablak as CEO. Tablak succeeds Hampton Wall, who will transition to the role of special advisor.

Trax Appoints Steve Liebman as SVP of Sales and John Vallely as COO

Trax Technologies — Tue, 01 Aug 2023 14:29:13 GMT

Trax’s latest executive appointments showcase the company’s commitment to global growth and industry leadership following the company’s recent strategic relationship announcement with TriumphPay

DALLAS, August 1, 2023 -- Trax Technologies, the global leader in Transportation Spend Management (TSM) solutions, today announced the appointment of Steve Liebman as Senior Vice President of Sales and John Vallely as Chief Operating Officer. Both Liebman and Vallely report directly to Chief Executive Officer Hampton Wall, and will be tasked with further escalating the company’s revenue growth, customer retention and diversification, product innovation, and strategic partnerships.

Trax and TriumphPay Form Strategic Relationship with Investment

Trax Technologies — Fri, 23 Jun 2023 13:47:12 GMT

Trax to Leverage the TriumphPay Payments Network to Deliver Fraud Protection, Automated Payments, and Funds Security for Transportation Payments

DALLAS, June 23, 2023 -- Trax Technologies, the global leader in Transportation Spend Management (TSM) solutions, today announced a minority equity investment by TBK Bank, SSB d/b/a TriumphPay,and a strategic relationship with TriumphPay, the premier payments network for freight brokers, factors, shippers and carriers in the North American trucking industry.