RoadEx

What RoadEx does

RoadEx Solutions, LLC is a privately held Michigan-based trucking services platform founded in 2019 that bundles five core offerings for owner-operators and small fleets: non-recourse invoice factoring (powered by wholly-owned Flat Rate Funding Group LLC), EFS fuel cards with a $2,500 weekly line of credit per truck, commercial trucking insurance (operated through wholly-owned Accelera Group LLC d/b/a RoadEx Insurance Group), freight dispatch services, and FTL/LTL/drayage transportation brokerage. The company also operates a Be Your Own Boss (BYOB) initiative that onboards new carriers with LLC formation, MC/DOT permitting and safety coordinator setup, plus an affiliate referral program.

The technology stack centers on a cloud-based portal with native iOS and Android apps supporting 24/7 invoice submission, broker credit checks, Fuel Finder route planning and same-day funding via the RapidPay sub-product, which deposits approved factoring proceeds within 10 minutes. The company leverages third-party infrastructure (EFS for fuel card processing, a broad insurance carrier panel) and sells primarily through an inside-sales phone channel (607-TRUCKER) supplemented by self-service online applications.

RoadEx monetizes through transaction fees across all five service lines: flat-rate factoring percentages, $0.85 per EFS transaction, dispatch commissions, brokerage fees on arranged freight, and insurance commissions from carrier partnerships. Pricing across the stack is positioned as no-contract, no-monthly-minimum, pay-as-you-go. The company serves a long-tail base of 3,000+ independent and small fleet truckers across 45-48 U.S. states, with active trade-show presence at MATS and the Texas Trucking Show and community engagement programs targeting Hispanic/Latin trucking professionals.

Name

RoadEx

Legal name

RoadEx Solutions, LLC

Website

https://roadex.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

RoadEx Solutions, LLC is a Michigan-based, one-stop services platform founded in 2019 that bundles invoice factoring, EFS fuel cards, commercial trucking insurance, dispatch and FTL/LTL brokerage for owner-operators and small trucking fleets across the U.S.

Ownership category

akta.pro rank

Product category

Trucking Financial & Business Services

NAICS

Freight Transportation Arrangement (48851), Support Activities for Road Transportation (4884)

SIC

Arrangement Of Transportation Of Freight & Cargo (4731), Trucking & Courier Services (No Air) (4210)

akta.pro primary industry

Dedicated / Contract Carriage Brokerage (Shippers’ Managed Capacity) (TLACACAF)

akta.pro secondary industries

Full Truckload (FTL) Forwarding (TLACACAA), Driver Expense Management & Reimbursement (T&E for Drivers) (TLABAMAF)

Keywords

• Freight bill factoring
• Trucking fuel cards
• Trucking dispatch services
• Commercial trucking insurance
• Freight brokerage services

Headquarters

HQ city

Livonia

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Invoice Factoring: RoadEx offers non-recourse factoring for carriers, purchasing invoices and paying carriers the full amount minus a flat rate percentage. Powered by Flat Rate Funding Group LLC. Same-day funding available through RapidPay. Revenue generated through flat rate fees based on volume with no monthly minimums or processing fees.
2. Fuel Cards: EFS Fuel Card program generating revenue through transaction fees ($0.85 per EFS transaction) and interchange. Additional revenue from diesel fuel discounts negotiated with major chains. Weekly line of credit of $2,500 per truck.
3. Commercial Trucking Insurance: Insurance agency offering commercial transportation insurance including primary auto liability, general liability, cargo, physical damage, non-trucking liability, and workers compensation. Revenue through insurance commissions from carrier partnerships.
4. Freight Dispatch Services: Dispatch service for 53' Dry Vans and Reefers across all 48 states. Revenue generated through commission on negotiated loads, earning 15% above industry average rates.
5. Transportation Brokerage: FTL and LTL brokerage services connecting shippers with carriers through the Be Your Own Boss Initiative (BYOB). Revenue from brokerage fees on freight arranged.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

RoadEx is a one-stop-shop services platform for owner-operators and small-to-mid-sized trucking fleets, bundling non-recourse invoice factoring (with same-day RapidPay funding within 10 minutes), EFS fuel cards with nationwide diesel discounts, commercial trucking insurance, freight dispatch services, and FTL/LTL/drayage transportation brokerage. Founded and staffed by former truckers, the company consolidates multiple trucking business needs into a single relationship with transparent flat-rate pricing, no monthly minimums, and 24/7 support.

Product overview

RoadEx is a one-stop-shop platform for owner-operators and small-to-mid-sized trucking fleets, founded by truckers for truckers. The platform offers five core integrated services: Invoice Factoring (with same-day RapidPay funding), EFS Fuel Card (with nationwide diesel discounts), Commercial Trucking Insurance (multiple coverage types), Dispatch Services (freight matching technology securing rates 15% above market), and Transportation Brokerage (FTL, LTL, drayage). Additional offerings include the Be Your Own Boss initiative for new carrier setup, the RoadEx Mobile App with fuel finder technology, and an affiliate program. All services are accessible through a single relationship with dedicated account management and 24/7 support.

Differentiator

Problem solved

Functional benefit

Brands

• RoadEx RapidPay: Payment/factoring service enabling carriers to receive funding within 10 minutes or less after invoice verification
• EFS Fuel Card
• RoadEx Insurance Group
• Be Your Own Boss (BYOB)

Products and services

• Invoice Factoring Freight bill factoring service enabling owner-operators and carriers to receive payment within 24 hours or same day through the RapidPay system. The non-recourse factoring program assumes collection responsibility, allowing carriers to focus on completing loads.
• EFS Fuel Card Fuel discount card accepted at major fuel chains nationwide with guaranteed fuel discounts averaging $0.45-$0.60 per gallon. The card includes a $2,500 weekly line of credit per truck, tire discounts through the Gold Program, and access to diesel, biodiesel, reefer fuel, and DEF.
• Commercial Trucking Insurance Insurance services providing coverage through a network of carriers including primary liability, general liability, physical damage, cargo insurance, non-trucking liability, workers' compensation, and excess/umbrella coverage. Services over 30 states with zero-down, zero-deductible options.
• Dispatch Services Freight dispatch service utilizing network partners and freight matching technology to secure loads for carriers. The service negotiates rates averaging 15% above industry average and handles broker relationships, paperwork, and 24/7 communication. Dispatch team has collective 40+ years of experience.
• Transportation Brokerage Full-service freight brokerage offering FTL (Full Truckload), LTL (Less than Truckload), and drayage services. Through the Be Your Own Boss (BYOB) initiative, RoadEx has built a network of carriers to meet dedicated, primary, and spot freight needs for shipper customers.
• Be Your Own Boss (BYOB) Initiative Comprehensive support program for owner-operators starting their own trucking company. Services include LLC creation, MC/DOT number acquisition, safety coordinator setup, permit navigation, insurance securing, fuel card provision, and dedicated account management.
• RoadEx Mobile App Mobile application enabling carriers to submit invoices, manage fuel cards, access the fuel finder feature to locate discounted fuel stops along routes, check broker credit in real-time, and access account management tools 24/7.
• Affiliate Program Referral program allowing trucking industry professionals, dispatchers, brokers, and consultants to earn residual income by referring carriers and fleet owners to RoadEx services. Commission earned for each referral that becomes a paying customer.

Quantifiable outcome

• 15% higher dispatch rates than industry average
• +4 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Flat Rate Funding Group LLCcoreTechnology or IntegrationTechnology platform provider powering RoadEx invoice factoring services. Provides the underlying infrastructure for transparent, competitive factoring rates with zero added fees and full-service billing and collections.
• EFS (Electronic Funds Source)coreTechnology or IntegrationEFS fuel card network providing RoadEx clients with 24/7 nationwide access to major fuel chains. EFS processes transactions at $0.85 per transaction and provides the card infrastructure for RoadEx fuel card clients.
• Labworks USAminorStrategic or Co-development PartnerThird Party Administrator for DOT drug and alcohol testing programs. Offers nationwide coverage with over 20,000 collection sites for pre-employment, post-accident, and random testing requirements for trucking companies.
• American Truck Business Services (ATBS)minorStrategic or Co-development PartnerProvider of bookkeeping, accounting, tax, and business consulting services for owner-operator truck drivers. Has helped over 150,000 truck drivers run successful businesses since 1998.
• Truckers Final MileminorStrategic or Co-development Partner501(c)(3) charity dedicated to helping truckers reunite with immediate families in the event of loss of life, debilitating injury, or severe illness. RoadEx has partnered to support their mission and raised $18,200 during MATS 2023 after a $5,000 matching gift from RoadEx.
• Forgotten HarvestminorStrategic or Co-development PartnerFood rescue organization partnership for community outreach and charitable giving initiatives.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• Fleetio: Fleetio is a fleet management software platform used by small and mid-sized trucking operations — overlapping with RoadEx's fleet-facing services (fuel cards, dispatch, insurance) from a software-first angle.

Direct peers

• Loadsmart: Loadsmart is a digital freight broker and trucking-focused technology platform that matches shippers with carriers — directly comparable to RoadEx's transportation brokerage and dispatch services.
• Apex Capital Corp: Apex Capital is one of the largest US factoring companies serving carriers, offering non-recourse factoring, fuel cards, and fleet services — overlapping with RoadEx's core factoring and fuel card product lines.
• Trucking Office: Trucking Office provides back-office business services including factoring, dispatch, fuel cards, and accounting specifically for owner-operators and small fleets — closely mirroring RoadEx's bundled SMB offering.
• Fuelman: Fuelman provides fleet fuel cards with discount programs and expense management for small to mid-sized commercial fleets — directly comparable to RoadEx's EFS fuel card program serving owner-operators and small fleets.
• TBS Factoring (Triumph Business Capital): TBS Factoring (now part of Triumph Business Capital) provides non-recourse factoring and fuel cards to small and mid-sized trucking carriers, directly competing with RoadEx's factoring and EFS fuel card programs.
• OTR Solutions: OTR Solutions is a direct competitor offering truck insurance premiums financing, fuel advances, and factoring services to owner-operators and small carriers — overlapping almost one-for-one with RoadEx's factoring and fuel card offerings.

Broad incumbents

• Truckstop.com: Truckstop.com is a long-established load board and freight matching platform connecting carriers with brokers and shippers — overlapping with RoadEx's dispatch and brokerage services, though from a broader incumbent position.
• WEX Fleet Cards: WEX is a large, established fleet card and payment solutions provider used by commercial fleets — broadly comparable to RoadEx's EFS fuel card offering from a much larger, public-company incumbent position.
• DAT Load Board: DAT operates the largest US freight load board and analytics platform used by carriers and brokers for load matching — directly comparable to RoadEx's dispatch services from a much larger, incumbent position.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/RoadEx-For-Truckers-537311650523896
• LinkedInlinkedin.com/company/roadex
• Instagraminstagram.com/roadex

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about RoadEx