LOS ANGELES, CA — May 20, 2025 — FactorGenie and Farelanes, a data distribution platform for real-time freight lane pricing, today announced a strategic integration and partnership. The announcement ran in the IFA newsletter.
Under the partnership, freight factors using FactorGenie get access to Farelanes' real-time lane rate data at no additional cost, delivered through the FactorGenie workflow on loads submitted for factoring. Trucking companies that factor through FactorGenie receive a complimentary Farelanes Silver subscription.
The rate data also feeds Instant Audit, FactorGenie's automated invoice review. With a market baseline on each lane, the audit can flag rates that sit well outside the norm — one of the patterns that may indicate a load is not what it appears to be.
"Partnering with Farelanes allows us to offer significant value: complimentary access to premium, real-time market data that directly combats fraud and informs better decisions."
— Sam Elitzer, CEO, FactorGenie
"We are pleased to collaborate with FactorGenie and make our vital pricing intelligence more accessible. Accurate, timely rate data is crucial, but often represents a significant cost."
— Neal Huffman, CEO, Farelanes
The announcement is archived in the IFA's Commercial Factor.
About FactorGenie
FactorGenie is the AI platform for freight factors, led by automated invoice audit and extending to collections, carrier communications, and back-office workflows. FactorGenie integrates with major factoring management systems including FactorSoft, FactorCloud, and FactorView. Learn more at factorgenie.com.
Media Contact
Sam Elitzer
sam@factorgenie.com