LogShare is a collaborative logistics platform that connects shippers and carriers to optimize backhaul routes, reducing empty vehicle trips and lowering transportation costs. By integrating existing transportation management systems, it enhances route planning and tracking, contributing to more efficient and sustainable logistics operations.
Funding
$15.1M 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
Shippers and carriers often struggle with inefficiencies in logistics, particularly with empty backhaul routes, leading to increased transportation costs and wasted resources. The lack of integration between different transportation management systems further exacerbates these issues, hindering optimal route planning and load matching.
Solution
LogShare offers a collaborative logistics platform designed to connect shippers and carriers, optimizing backhaul routes to minimize empty vehicle trips and reduce overall transportation expenses. By creating an ecosystem for logistics collaboration, LogShare facilitates the buying and selling of idle route capacity, ensuring more competitive freight values for all parties involved. The platform integrates with existing Transportation Management Systems (TMS), enhancing route planning, load tracking, and providing access to dashboards and feedback on route performance. This integration enables a more efficient and sustainable logistics operation by promoting asset sharing and reducing idle time.
Target Audience
The primary target audience includes logistics directors and transportation managers seeking innovative solutions to optimize cargo transport operations and reduce logistical costs, as well as carriers looking to maximize vehicle utilization.
Features
- Collaborative platform connecting shippers and carriers for optimized route sharing.
- Integration with existing Transportation Management Systems (TMS) for seamless operation.
- Route planning tools to identify and capitalize on backhaul opportunities.
- Load tracking capabilities for real-time visibility of goods in transit.
- Dashboards providing key performance indicators and route feedback.
- Support for reducing CO2 emissions by promoting efficient and sustainable transportation practices.