The startup develops transport management software that utilizes an artificial neural network to predict spot market prices for freight loads. By purchasing tours in its own name and automatically matching them with registered carriers, the software reduces inefficiencies and lowers costs for freight forwarders.
Funding
$6.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional methods of managing truckload transport logistics rely on manual processes, outdated software, and fragmented communication, leading to inefficiencies and increased costs. This results in empty truck transports, data silos, and a lack of transparency across the supply chain.
Solution
Cargonexx offers a transport management platform that connects shippers, carriers, and freight forwarders, enabling seamless collaboration and data-driven decision-making. The platform eliminates manual tasks by integrating with existing systems and providing a single source of truth for all transport-related information. By leveraging real-time data and advanced algorithms, Cargonexx optimizes routes, reduces empty truck transports, and lowers CO2 emissions. The platform promotes transparency, streamlines operations, and improves customer satisfaction by providing live shipment tracking and automated notifications.
Target Audience
Cargonexx primarily targets shippers, carriers, and freight forwarders, particularly small and medium-sized enterprises (SMEs), seeking to optimize their transport logistics, reduce costs, and improve sustainability.
Features
- Dynamic tour planning using live routing data to optimize routes based on real-time traffic conditions and road closures
- Automated order management with standardized data capture and integration with ERP systems
- Real-time shipment tracking with GPS visibility for all stakeholders
- Collaborative platform for shippers, carriers, and freight forwarders to communicate and share information
- Data-driven analytics and reporting to identify areas for improvement and cost savings
- Integration with Cargoboard for access to a large network of carriers and spot market prices
- CO2 emission tracking and reporting to support sustainability initiatives
- No-code integration capabilities for easy connection with existing systems