Freight Exchange

What Freight Exchange does

Freight Exchange of North America (F/X) is a full truckload motor carrier founded in 2005 and headquartered in Chicago, IL, that operates a fleet of more than 300 power units and nearly 600 leased trailers across the continental United States, Canada, and Mexico. The company's core offering is dry van, no-touch freight transportation serving shippers in automotive, appliances, medical supplies, clothing, and general goods, with a strategic emphasis on South and Midwest corridors (85-86% of freight) and US-Mexico cross-border lanes served from terminals in El Paso and McAllen/Pharr, Texas.

F/X runs two parallel driver programs: an Owner Operator Program (a contractor-centric, 1099 model offering competitive per-mile pay with fuel surcharge on loaded miles, 2,800-3,200 miles per week, weekly home time, and fuel discounts) and a Company Driver Program launched in 2015 (W-2 employment, hired across all 48 states, with health benefits after 30 days and modern equipment). The technology stack is composed of third-party integrations: Rand McNally TND 760 Fleet Edition in-cab devices for navigation, messaging, and 200+ vehicle metrics; TMWSuite for dispatch automation and load-driver matching; Transflo for in-cab document management; and Paylocity for driver HR and payroll. F/X is an EPA SmartWay Transport Partner since 2011.

F/X is a subsidiary of Transportation Solutions Enterprises and was acquired by PX Holdings Inc. (Pure Freight) from Redwood Logistics in February 2026, with Redwood continuing to manage freight through its 4PL model under a simultaneous strategic partnership. The company was founded with eight owner-operators in El Paso and grew organically through referrals before formalizing recruiting in 2010.

Name

Freight Exchange

Legal name

Freight Exchange

Website

https://drivefxe.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

1–10 employees

Short description

Freight Exchange is a Chicago-headquartered, asset-light full truckload motor carrier operating 300+ power units in dry van freight across the U.S., Canada, and Mexico, with strategic US-Mexico border terminals and an owner-operator-centric operating model.

Ownership category

akta.pro rank

Product category

Truckload Freight Transportation

NAICS

General Freight Trucking, Long-Distance, Truckload (484121), Freight Transportation Arrangement (48851)

SIC

Trucking & Courier Services (No Air) (4210), Trucking (No Local) (4213)

akta.pro primary industry

Automotive & Finished Vehicle (Car Hauler) TL Carriers (TLADADAJ)

akta.pro secondary industry

Cross-Border Trucking & Border Transfer (Linehaul, Transloading) (TLACACAC)

Keywords

• Truckload freight transportation
• Dry van trucking
• Cross-border logistics
• Owner operator services
• Fleet management

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices9 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Freight Transportation Services: Full truckload motor carrier services generating revenue through per-mile transportation rates for dry van freight (automotive, appliances, medical supplies, clothing, and other goods) across the continental US, Canada, and Mexico.
2. Fleet/Lease Services: Operating nearly 600 new leased trailers and providing fleet management services to owner-operators and fleet owners, with freight consistency and miles provision.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Freight Exchange (F/X) operates a full truckload dry van motor carrier fleet of more than 300 power units and nearly 600 leased trailers, hauling automotive, appliances, medical supplies, clothing, and other goods across the continental United States, Canada, and Mexico. The company recruits and contracts owner-operators and employs company drivers, leveraging terminals in El Paso and McAllen, Texas to serve US-Mexico cross-border nearshoring freight demand. Its 4PL freight is brokered through Redwood Logistics, integrating trucking capacity with managed logistics services.

Product overview

Freight Exchange of North America (F/X) is a full truckload motor carrier and logistics company that operates a fleet of over 300 power units and nearly 600 leased trailers. The core offering is dry van truckload transportation services across the continental U.S., Canada, and Mexico. F/X provides two distinct driver programs: an Owner Operator Program (contractor-centric model with competitive per-mile pay, FSC on loaded miles, 2800-3200 miles per week, and fuel discounts) and a Company Driver Program (national OTR hiring across all 48 states with health benefits after 30 days). The company operates terminals in El Paso and McAllen, Texas, with a corporate office in Chicago. Technology modules include Rand McNally TND 760 in-cab devices for navigation and communication, TMWSuite integration for fleet management and dispatch automation, Transflo for document management, and a Paylocity-based driver portal for HR and payroll functions. F/X was acquired by PX Holdings Inc. in February 2026 following its prior ownership under Redwood Logistics.

Differentiator

Problem solved

Functional benefit

Products and services

• Full Truckload Dry Van Transportation Full truckload dry van freight transportation service for automotive, appliances, medical supplies, clothing, and general goods, with 100% no-touch freight across the continental United States, Canada, and Mexico, with concentration in South and Midwest lanes.
• US-Mexico Cross-Border Trucking Service Cross-border full truckload dry van trucking for US-Mexico shippers, leveraging the El Paso and Pharr/McAllen border terminals with concentration at key nearshoring border crossings.
• Owner Operator Recruiting Program Contracting program for owner-operators who supply their own trucks (model year 2000 or newer) and haul Freight Exchange freight, offering per-mile pay with fuel surcharge on loaded miles, 2,800-3,200 miles per week, and weekly home time for El Paso and McAllen drivers.
• Company Driver OTR Employment Program National over-the-road company driver employment program hiring drivers across all 48 states, providing competitive per-mile pay, weekly direct deposit, health insurance after 30 days from hire date, and company trucks (2020 or newer) equipped with Rand McNally in-cab technology.

Named customers2 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature5 records

Partnerships

Six partnerships are on record, tiered core.

• PX Holdings Inc. (Pure Freight)coreStrategic or Co-development Partner · 19 February 2026PX Holdings Inc. acquired Freight Exchange of North America from Redwood Logistics. The transaction is designed to expand Pure Freight's footprint into Chicago, the Midwest, and key US-Mexico border markets including El Paso, Pharr, and Laredo. The partnership aims to reduce market volatility exposure, improve lane density between the Midwest and the border, and deliver greater consistency and reliability at scale for customers.
• TMW SystemscoreTechnology or Integration · 26 June 2012TMWSuite fleet management software certified integration with Rand McNally's TND 760 and TruckPC in-cab devices. The integration allows F/X to use real-time information from in-cab devices to dispatch trucks, receive automatic arrival/departure notifications, match loads with available drivers, and track driver workflow progress. TMWSuite has been described as a tremendously successful tool for managing F/X operations.
• EPA SmartWay Transport PartnershipcoreStrategic or Co-development Partner · 28 November 2011Environmental sustainability partnership with the EPA SmartWay Transport program. F/X joined the growing number of surface transportation providers committed to the SmartWay program, which combines technology and human effort to minimize air pollution, maximize fuel efficiency, save fuel costs, and reduce America's dependence on foreign fuels. F/X bases its fuel surcharge on 6mpg to incentivize higher fuel efficiency.
• Rand McNallycoreTechnology or Integration · 17 October 2011Selected Rand McNally TND 760 Fleet Edition for outfitting the entire fleet with in-cab communication. The device combines award-winning navigation with a robust mobile communication system for under $800. Features include Hours of Service compliance, email/text messaging, document delivery, driver performance reporting (200+ vehicle metrics), navigation with 2011 data and speed alerts, and Wi-Fi communication. Installs in under 30 minutes without a separate black box.
• Redwood LogisticscoreStrategic or Co-development PartnerFreight Exchange is described as 'a Redwood Logistics Company' and 'a Redwood logistics company' on its website. Redwood provides 4PL management of freight. Redwood acquired Freight Exchange from PX Holdings (2026) and Freight Exchange was previously owned by Redwood. Redwood operates a 4PL model managing freight through Freight Exchange.
• Transportation Solutions EnterprisescoreOthersFreight Exchange / F/X is listed as a proud subsidiary of Transportation Solutions Enterprises. This is the parent company structure.

Scale indicators10 records

Recent moves10 records

Expansion highlights5 records

Broad incumbents

• Knight-Swift Transportation: Largest US TL carrier operating dry van, refrigerated, and intermodal. Overlaps in dry van OTR services and has growing cross-border Mexico exposure; structurally much larger with acquisition-driven model.
• Schneider National: Large publicly-traded truckload carrier with significant dry van operations and cross-border Mexico service. Comparable in equipment type (dry van) and geography, though substantially larger and more diversified across TL, intermodal, and logistics.
• Werner Enterprises: Public TL carrier with similar dry van focus and dedicated/one-way model. Comparable in core dry van service though larger and more asset-heavy than F/X.

Direct peers

• PAM Transport: Asset-light TL carrier heavily reliant on owner-operators with dry van and dedicated services. Closest comparable in operating model (OO-heavy, leased trailer fleet, Midwest-based HQ).
• Heartland Express: Asset-based TL carrier with dry van OTR focus and similar terminal-based recruitment of company drivers and owner-operators. Comparable length-of-haul and Midwest/South lane concentration.
• Trans-Mex Logistics: Specialized cross-border US-Mexico TL and drayage carrier with terminals at Laredo and other border crossings. Direct comparison for cross-border lane strategy and nearshoring exposure.
• CRST International: Mid-large TL carrier with significant owner-operator base, dry van focus, and dedicated services. Comparable recruiter-driven GTM and contractor-friendly pay structure.
• USA Truck (USX): TL carrier with dry van and expedited services, recently rebranded under USX. Comparable in dry van focus and scale, though more asset-heavy than F/X's contractor-heavy model.
• Twin Modal: Cross-border and US domestic intermodal/drayage carrier with strong US-Mexico border presence. Comparable in border-focused terminal strategy serving nearshoring customers.
• Marten Transport: Mid-sized dry van and intermodal TL carrier with comparable owner-operator and company driver model. Similar terminal strategy, refrigerated and dry van mix, and OTR focus; closest comparable in size and operating model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/RedwoodLogistics
• LinkedInlinkedin.com/company/freight-exchange-of-north-america-llc
• Xx.com/drivefxe

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 Freight Exchange