Freight Science provides an advanced analytics platform that integrates with existing transportation management systems to enhance data accuracy and operational decision-making for asset-based trucking companies. By leveraging real-time insights and automated metrics, the platform improves profitability and network efficiency, addressing the challenges of outdated workflows and fragmented information.
Funding
$5.4M 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
Asset-based trucking companies often struggle with outdated technology and fragmented information systems, leading to inefficient workflows and suboptimal decision-making. This lack of integration across different systems creates operational silos and hinders the ability to accurately forecast and manage network imbalances. Consequently, carriers face challenges in maximizing profitability, service levels, and asset utilization.
Solution
Freight Science offers an advanced analytics platform designed to integrate with existing Transportation Management Systems (TMS) and enhance data accuracy for asset-based trucking companies. The platform breaks down operational silos by providing real-time insights and automated metrics, significantly increasing organizational productivity. By improving data quality from various sources like commitments and EDI, Freight Science enables carriers to effectively manage customer relationships, track progress across awards, and increase mutual accountability with shippers. The platform's real-time guidance improves decision-making related to profitability, service, balance, and utilization, while integrated forecasting helps teams make better decisions further into the future.
Target Audience
The primary target audience includes asset-based trucking companies seeking to improve operational efficiency, enhance data-driven decision-making, and maximize profitability through advanced analytics and TMS integration.
Features
- Integration with existing TMS systems to improve data accuracy from commitments, EDI, and other sources
- Commitment management tools to track progress across all customer awards and increase alignment with shippers
- Network visibility features to keep everyone in the organization informed about balances and exceptions
- Real-time guidance to improve decision-making related to profitability, service, balance, and utilization
- Integrated forecasting to help teams make better decisions further into the future
- Network Control Tower to identify markets missing lanes and address network imbalances
- Customer Scorecard to provide key metrics on on-time performance, tender acceptance, visibility, and EDI compliance
- REST API for exporting data and building additional dashboards