25 Aug 2021
FreightWaves was recently honored to receive the Technology Company of the Year at the Chattanooga Technology Excellence Awards, known as TechX.
Presented by the Chattanooga Technology Council (ChaTech), the awards “recognize technology leaders, entrepreneurs, developers and community professionals in all specialties with awards in 10 categories.”
FreightWaves Founder and CEO Craig Fuller said, “On behalf of the entire staff at FreightWaves, I would like to thank the Chattanooga Technology Council for this honor. FreightWaves is active on the Board and we strongly believe in the quality of technology professionals in this area. FreightWaves was started in Chattanooga because we thought we could build a technology-based business here, like many others have.
High-tech in Freight Alley
When it comes to building a tech company, especially one as hyper-focused on supply chain and logistics as FreightWaves, there are few places in the country that can compare to Chattanooga. The city is located in the middle of an area known as “Freight Alley” and it has both benefited and contributed to the concentration of logistics services in the region.
According to a Cambridge Systematics freight study, Chattanooga ranks first among all metropolitan cities in freight transportation. The Thrive 2055 study, commissioned by the Chattanooga-Hamilton County Transportation Planning Organization, found that about 80% of all cargo in the country passes through Chattanooga on its way to its final destination. This is due in large part to the convergence of three freeways: I-24, I-59 and I-75.
“Over the past 18 months, we’ve gone from a venture-funded start-up to a growth-oriented, but operationally efficient company,” Fuller explained. “We have focused on operational excellence in all aspects of our business and have balanced high growth with a path to profitability. “
FreightWaves is the leading provider of freight market forecast, data, news and analysis. Logistics and supply chain companies depend on FreightWaves for benchmarking, analysis, monitoring and forecasting of prices, capacity, demand, energy and carbon intelligence. The company provides the latest data and market intelligence through SONAR, a subscription-based SaaS platform, and through the world’s largest streaming media network focused on logistics and chain information. supply.
Overview of the Chattanooga Technology Council
The Council’s mission is to connect the Chattanooga tech community to help stimulate economic growth in the region. It offers outreach and education programs for youth, awards scholarships to students in hopes of empowering the next generation of IT professionals in Chattanooga, offers peer group programs and leadership forums, collaborates in economic development partnerships and provides the opportunity to connect.