LogisX is a logistics exchange platform that connects shippers directly with carriers, eliminating the need for freight brokers and automating tasks for full truckload and less-than-truckload shipments. By providing real-time bidding, digital documentation, and streamlined communication, LogisX enhances operational efficiency and transparency while enabling carriers to access better-paying loads.
Funding
Funding not disclosed
Founders
Product
Problem
Freight brokers often introduce inefficiencies and added costs for both shippers and carriers in the full truckload (FTL) and less-than-truckload (LTL) shipping markets. Reliance on intermediaries can lead to a lack of transparency in pricing and communication, hindering the development of direct, beneficial relationships between shippers and carriers.
Solution
LogisX is a logistics exchange platform designed to connect shippers directly with carriers, eliminating the need for freight brokers and automating key tasks. The platform enables real-time bidding on shipments, fostering a transparent marketplace where carriers can access better-paying loads and shippers can secure competitive rates. By streamlining communication and providing digital documentation, LogisX enhances operational efficiency and fosters direct relationships between shippers and carriers. The system supports various shipment types, including full truckload (FTL), less than truckload (LTL), and intermodal options, catering to a wide range of logistical needs.
Target Audience
LogisX primarily targets shippers looking for cost-effective and transparent freight solutions, as well as carriers seeking direct access to loads and the ability to build long-term relationships with shippers.
Features
- Direct connections between shippers and carriers for real-time communication and bidding.
- Digital Bill of Lading for accurate documentation and instant access to shipment details.
- Digital Proof of Delivery for immediate delivery confirmation, expediting payment and invoicing.
- All-in-one freight management system integrating load posting, bidding, tracking, and document management.
- Support for general freight and refrigerated services.