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The platform, which connects airlines, ocean liners, trucking carriers, forwarders, and importers or exporters, facilities over a million annual transactions across 55 carriers [3]. It also provides rate management and quoting software for freight forwarders and carriers through WebCargo by Freightos, a subsidiary acquired in 2016 [ 4 ] [ 5 ] .
Flexport's software integrates and connects ERP data from various companies involved in a supply chain, which allows them to manage information about cargo and streamline freight processing. [5] As of 2017, it had raised $304M, including $110M in a Series C round .
A freight forwarder or forwarding agent is a person or a company who co-ordinates and organizes the movement of shipments on behalf of a shipper (party that arranges an item for shipment) by liaising with carriers (party that transports goods).
The first steps to digitization in trucking came in the form of digital freight exchanges such as Teleroute [15] [16] and TIMOCOM. [17] [18] [15] Greater efficiency in trucking is being achieved through intelligent freight technology such as automated interfaces that can help truckers and regulatory bodies reduce stops at weigh stations and time spent at border checkpoints. [9]
A freight exchange or load board [1] is an online service for haulage companies, logistics providers, freight forwarders, transport companies and (in some cases) private customers. It allows haulage companies to search a database of available freight that needs to be delivered and advertise their available vehicle capacity.
Examples are courier, express and parcel services; ocean carriers, freight forwarders and transshipment providers. The most significant difference between a second party logistics provider and a third-party logistics provider is the fact that a 3PL provider is always integrated into the customer's system.
Notable companies and organizations which use Quintiq software include Copenhagen Airport, Danone, international shipping company DHL, the United States Federal Aviation Administration (FAA), Jumbo (supermarket), KLM Royal Dutch Airlines, ThyssenKrupp Steel Europe AG, freight forwarder P&O Ferrymasters, copper recycler Aurubis, and retailer ...
By January, 2015, Descartes had posted 41 straight profitable quarters [17] and was supplying logistics software and services to more than 10,000 logistics-centric businesses, such as ground transportation companies, airlines, ocean carriers, freight forwarders, manufacturers, distributors, and retailers.
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