EXO Freight is a managed transportation marketplace that connects open deck shippers with carriers, facilitating efficient load matching and route optimization. This platform addresses the challenges of capacity shortages and high transportation costs in the logistics industry by streamlining the shipping process for both parties.
Funding
$15.5M 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.
IGLILLFounders
Product
Problem
The open deck shipping industry faces challenges with capacity shortages, high transportation costs, and inefficient load matching between shippers and carriers. Traditional methods often involve manual processes and fragmented communication, leading to delays and increased expenses.
Solution
EXO Freight is a managed transportation marketplace designed to connect open deck shippers with available carriers, streamlining the load-matching process and optimizing routes. The platform provides shippers with access to a wider network of carriers, potentially reducing transportation costs and improving delivery times. For carriers, EXO Freight offers increased visibility to available loads, helping them maximize their utilization and revenue. By facilitating efficient communication and load management, EXO Freight aims to improve overall efficiency and reduce friction in the open deck shipping industry.
Target Audience
The primary target audience includes shippers of oversized or specialized cargo requiring open deck transportation, as well as carriers with open deck equipment seeking to maximize their load capacity.
Features
- Load matching algorithms to connect shippers with suitable carriers based on location, equipment, and availability.
- Route optimization tools to minimize transportation costs and delivery times.
- Real-time tracking and communication features for enhanced visibility and coordination.
- Carrier compliance and safety verification to ensure reliable and secure transportation.
- Automated documentation and invoicing to simplify administrative tasks.