Results for tag: "Digital Freight Matching"

In the logistics industry, the Digital Freight Matching (DFM) market represents the segment that utilizes technology-driven platforms to efficiently align freight shippers with carriers who have the capacity to move the goods. This process is akin to the approach used in ride-sharing services but tailored to freight transportation. DFM services aim to streamline operations by providing real-time visibility, reducing manual processes, and optimizing the use of transport assets. The market has emerged from the broader digital transformation of the supply chain, benefiting from advancements in mobile technology, big data analytics, and increased connectivity. By facilitating on-demand freight matching, these services can potentially minimize empty miles for carriers and provide more flexible and cost-effective options for shippers, thus improving overall efficiency within the supply chain network. Prominent players in the Digital Freight Matching market include Uber Freight, which is an extension of Uber’s on-demand transport model adapt for the logistics of cargo; Convoy, a company that focuses on automating the logistics of trucking with a network of connected carriers; and Transfix, which leverages machine learning and automation to optimize freight matching. Others such as Loadsmart and DAT Solutions offer a digital platform for real-time freight booking and tracking, contributing to the advancement of the market. Show Less Read more