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Transport Exchange Group
Transport, logistics & freight platform
- 21-100 employees
- B2B
- Logistics
- Transport
- Freight
- Supply Chain
- SaaS
- London, UK
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Company mission
TEG's mission is to be the digital marketplace of choice for the entire transport & logistics industry, by providing a safe and effective collaborative workspace.
Our take
Companies operating in the freight, haulage, and logistics industries are really feeling the squeeze as fluctuating fuel prices, rising inflation, supply chain issues, and labour shortages affect their profit margins.
One answer to these problems is to leverage digital solutions to increase efficiency by avoiding empty or incomplete loads. Indeed, this is the main reason that there’s been a 400% rise in investment in supply chain technology since 2017.
Founded back in 2000, Transport Exchange Group (TEG) is already extremely well established in the industry. It operates four major freight exchanges across the UK, North America, and Europe, all unified by a central exchange platform which makes it easier to find or fill available capacity, thus improving efficiency.
Considering that TEG counts The Royal Mail, City Sprint and Gefco amongst its 8,000-plus customers, as well as the likely increase in demand for digital solutions in a challenging industry, the next few years could prove very fruitful.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- A pension scheme with matched employer contributions up to 10%
- Bonus/ Commission Opportunity
- Regular company events
- Critical Illness Cover
- Private Medical Insurance
- Life Assurance
- Employee Assistance Programme
- Continuous Professional Development
- 25 days’ paid annual leave plus bank holidays
Company values
- We do the right thing – We do what’s best, not what’s easiest. We act with integrity at every turn, speak up even when it’s difficult and do what’s right even when no one is watching.
- We own it & get it done – We say what we’ll do and do what we say. We hold ourselves and each other accountable. We seek to build trust in every relationship. We follow up and ensure the job gets done.
- We achieve more together – We know we’re stronger when we work together as a team. We value what each and every person brings to the table and we treat each other with respect, empathy and appreciation.
- We challenge the status quo – We’re a company of bold, future thinkers with the courage to try things that have never been done before. We reward and recognise innovation and pioneering spirit, even if ideas and first attempts fail.
Funding (1 round)
Aug 2010
$0.2m
GRANT
Total funding: $0.2m
This company has top investors
Leadership
Lyall Cresswell
(CEO)Has been CEO of freight exchange platform platform CX Euro since 2016, and President of CX North America since 2011, with both brands falling under the TEG Group. Former Director of Mailpack Worldwide, which was acquired by Seabourne PLC in 1999.