LogisticsNow offers a digital logistics platform, LoRRI, that utilizes data science for freight intelligence and procurement solutions, enhancing visibility and efficiency in transportation and shipping. The platform addresses challenges in logistics operations, such as lack of transparency and utilization, by providing actionable insights and optimizing routes and carrier selection.
Funding
$20K 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
Many shippers and carriers face challenges in the logistics industry due to a lack of transparency, inefficient processes, and underutilization of resources. This results in difficulties with business visibility, optimized route planning, and effective carrier selection, ultimately impacting profitability and service levels.
Solution
LogisticsNow offers LoRRI, a digital logistics platform that leverages data science to provide freight intelligence and procurement solutions. The platform enhances visibility and efficiency in transportation and shipping by offering actionable insights derived from a national freight benchmark. LoRRI optimizes routes, truck-types/modes, and network configurations to create ecosystems that sustain multi-year value creation. By providing a trusted and neutral platform, LogisticsNow helps carriers, transporters, and manufacturers build stronger technology-enabled businesses, optimizing operations, time, and revenue.
Target Audience
The primary target audience includes shippers, manufacturers, carriers, and transporters seeking to improve visibility, optimize logistics operations, and enhance decision-making through data-driven insights.
Features
- Freight benchmarking using a national freight benchmark for transportation and shipping.
- Logistics intelligence delivering trusted data for transportation and shipping.
- Route optimization, truck-type/mode selection, and network optimization.
- Advanced analytics providing insights for cost savings and service improvements.
- A neutral platform for shippers and carriers/transporters.
- Integration of machine learning to scale value.
- Digital backbone to organize the logistics industry.