With the advancement in technology and a more global outlook, the current generation of change-makers is making positive waves within the logistics industry. Their startups offer solutions and platforms that create seamless supply-chain processes for carriers, shippers, and freight forwarders alike.Â
In this blog, we explore the startups that are developing unparalleled products focused on changing the way in which the logistics industry is currently run. With angel investors backing them and public funding motivating them, the exciting concepts that are being built and launched help manage the cumbersome logistic processes with ease.Â
We have included the following startups in our list:-
Freightify Gofreight Logmore Terminal49 Fourkites Shipamax Koireader CargoX Trucker Tools Freight Tiger Parade BuyCo Eezyimport KlearNow Freightgate Rate Management System 1. Freightify Freightify enables freight forwarders with an intelligent global rate solution.
We empower freight forwarders by providing white-labeled rate automation solutions to digitalize their rate procurement , rate management , and quotation processes with ease. With Freightify, you can quote instantly from anywhere, anytime by getting full visibility of all your live SPOT & Contract rates within a single screen.
Our customers have claimed a 200% increase in online bookings with 0 misquotes , hereby increasing their win rates by 3 times within the first 2 months of implementation!
In addition to this, we also provide track and trace solutions that help freight forwarders in getting the latest milestone location of vessels and automated milestones within seconds.Â
Talk to our team of logistics professionals to consult about the opportunities digitization has to offer for your logistics business.
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‍‍Procure, Manage and Quote freight prices (with ancillary charges) in under 2 minutes!
2. Gofreight With automated workflows and instant quotation modules, the Gofreight package collects, stores, and analyzes relevant data to help optimize business workflow and processes to boost efficiency. The end-to-end software also manages digitalized documentation and accounting needs.Â
Startups offering cargo visibility 3. LogMore This European-based startup brings in the all-important 360-degree visibility factor into the logistics lifecycle. The Logmore Platform uses artificial intelligence to detect bottlenecks, deviations, and trends.
Their product aims to support the logistics industry by being able to predict where damages could occur and ensure quality through prevention and legal protection. The software is also capable of ensuring that healthcare, chemical, food, and electronics cargo are transported under suitable environments.
With automated reporting, this software is every manager’s dream.Â
4. Terminal49 This startup provides an all-in-one shipment and container tracking platform.
With current global trends, there are more cargo delays than ever before, and hence the logistics industry is scrambling to identify and predict vessel arrivals.
This Terminal49 software aims to reduce the manual labor that is required to track shipments and eliminate demurrage payments by providing daily email alerts. Presenting ETAs in a streamlined manner, this API can be integrated into already existing TMS or ERP Softwares.
5. FourKites Offering a thriving community of the world’s most passionate supply chain experts to share best practices and innovation opportunities, the FourKites visibility software concentrates on streamlined information flow for educated decision-making.
Every 15 minutes, over 150 factors, including weather and traffic, are monitored to predict the ETA of vessels. The FourKites Solution banks on telematics, AI, GPS, and advanced analytics advancements to engineer solutions with real-time accuracy. It helps optimize dock utilization and keeps shipments secure.Â
Startups offering automation and digital documentation 6. Shipamax Though this startup originally intended to build an online broker platform for bulk shipping, it finally developed a toolkit for back-office automation.
This pivoted change helped them recently secure a $7M Series A investment in digitizing the logistics back-office processes.
Various surveys have pointed out that the lack of information or data leads to gaps within the supply chain industry. Answering this disparity with out-of-the-box integration opportunities, the Shipamax solution digitizes documents from the bill of lading to invoices and everything in between.Â
7. Koireader Similarly, Koireader understands the manual struggle to extract and identify documents at key phases in the shipment’s lifecycle. Hence, they use AI methods to automate and digitize warehouse, container, and logistics requirements.
The Koireader freight forwarding offering claims to be the only template-less OCR (Optical Character Recognition) API providing users the freedom to customize the workflow to their requirements. KoiReader’s platform leverages deep learning, data science, computer vision, optical character recognition, smart algorithms, and image processing to digitize freight documents.Â
8. CargoX The CargoX startup innovates a possibility to build trust by using the public blockchain model to secure documents and transactions.
The concept allows for the easy and safe transfer of ownership of the freight documents.
This cost-effective mechanism promises that documents will never be lost, stolen, counterfeited, or damaged. The CargoX product is decentralized, encrypted storage that is 100% resilient to hackers. This is a contactless mode that requires minimum investment and offers unparalleled security.
Gone are the days when bills of lading were paper-driven – the smarter paperless bills of lading allow the instant transfer, accurate information flow, and easy archival.Â
Startups offering freight brokerage software 9. TruckerTools While this tool initially started off as an app to help small-scale carriers to book loads, it has expanded to include a deeper digital connection with freight brokers.
The TruckerTools app went on to launch a predictive and digital freight matching method through automated one-click booking.
This ultimately streamlines and changes the way in which brokers find available trucks. As this is a two-way process where communication must flow either way between carriers and brokers, the TruckerTools software addresses concerns from either end to create a synergy through real-time communication.Â
10. FreightTiger A couple of months ago, this digital freight network startup raised USD 6.5 million through angel investors.
Their success is because of the differentiated approach they use in software-led end-to-end digitization. They aim to bring the ecosystem together and make the freight market more seamless, collaborative, and transparent.
The FT Custom Suite allows you to choose the products you require to make your network function seamlessly. It provides a cockpit view of the end-to-end journey any shipment makes.Â
11. Parade This startup provides a tech solution that transforms the old school trucking industry.
The capacity finding benefit that the Parade platform provides also helps manage prices and streamlines pricing information using historical trends and analysis.
The USP is to provide a single screen for the coverage team to find and manage capacity. This helps freight brokers meet expectations without delays. Machine learning is used to standardize and capture data from TMS tools, load boards, carrier onboarding tools, and emails.Â
Startups offering transport and trade management 12. BuyCo The BuyCo startup idea was to provide a collaborative platform that eventually would simplify container shipping for large-volume movements.
Apart from providing state-of-the-art visibility tools, the BuyCo product also increases productivity in the maritime supply chain. For example, comparing and booking vessels can be streamlined with lesser manual intervention. Using multiple search engine results to find optimization can be eliminated.
The product automates all shipping operations from the vessel selection to the order completion stage. These tasks can be duplicated using AI, and it helps avoid repetitive processes.
13. Eezyimport The Eezyimport startup believes that the cumbersome customs process can actually be broken down into easily achievable steps.
Their do-it-yourself module and platform help freight forwarders and carriers achieve timelines by easing out the legislative and regulatory requirements. Their USP, in short, is to allow eazyflow mobile-first web platform users to sail through filing for customs clearance in the United States.
The software uses DIY files to complete Importer Security Filing (ISF) requirements and complete entry summaries.Â
14. KlearNow Despite its critical role, clearing customs for freight brokers is slow and is prone to manual data entry errors.
The KlearNow program is certified to support customs clearance within the US, Canada, and the UK. They are also slowly expanding to other European markets.
The startup looks to remove archaic dependencies and transform the process with automation and AI at the forefront of its solutions. This digital customs clearance platform allows importers, brokers, and freight forwarders to integrate with local authorities and conduct business on a single digital platform remotely and in real-time.Â
15. Freightgate Freightgate's Logistics Cloud Platform, known as the Freightgate Universe, enables transportation professionals on all levels to collaborate with global vendors and logistics providers seamlessly on a single common transportation sourcing platform for informed decision-making across the entire network.
The Freightgate Universe is comprised of adaptive easy-to-deploy modules to help companies leapfrog into the 21st century with minimal start-up cost.
Conclusion Freight forwarders and shippers are at a juncture in their business where manual dependency can be eliminated, and full potential can be achieved with tech-based inventions. Numerous startups within the industry have been able to support these targets and intentions by providing the right solution.Â
Take your first step towards digitalisation with Freightify!
