Freight Capacity Demand Pushes Record Growth for the Exchange

Rising demand for freight capacity has contributed to consistent record growth for the Transport Exchange Group. With driver shortages and fluctuating seasonal peaks piling pressure on the UK’s logistics infrastructure, the company has seen the number of loads expand exponentially.

Couriers, owner driver operators, hauliers, freight forwarders and logistics providers are now looking to the platform to help asset utilisation and maximise efficiency. These factors have seen the membership of Courier Exchange grow to nearly 6,000, creating a virtual fleet in excess of 44,000 vehicles collectively.

Through the platform, members are connecting with other like-minded businesses to make the best use of available resources and increase capacity during peak trading periods, maximising and expanding operational capabilities where required. This improved collaboration is enabling both owner drivers and fleet operators to reduce empty running to a significantly lower figure than the current national average of 30%.

The value of the Exchange can be further highlighted by the engagement and feedback rates, with 97% per cent of members active on the trading platform every day and an overall job satisfaction rating of over 99.1%. Moreover, with over a third of all transactions having feedback ratings, users are benefiting from a comprehensive measure of fellow member performance.

Director of Transport Exchange Group, Lyall Cresswell commented: “These latest figures reflect our successful and proven track record to tackle some of the most common and difficult challenges facing the road transport sector. Our members are able to identify, develop and maintain lasting relationships with partners, subcontractors and owner drivers to create trusted networks, which maximise and expand capabilities where required. This is helping to meet their business and operational needs, boosting efficiency and ultimately increasing profitability.”

Newsletter

Stay ‘in-the-loop’ with the latest news, products and services from Courier Exchange.

Similar stories

Royal Mail Offering Owner Driver Jobs

Hello, sweethearts!

Well, it appears I may have to eat a small serving of my words this week. Why am I embarrassed, you might ask? Well, if you were paying attention you'll know that last week I published a post about how I was glad owner driver jobs were becoming more popular in order to offer some healthy competition to Royal Mail. I was saying I think it's a lesson for the Post Office not to get smug and to actually update their prices.

Read the full article
Looking For Courier Driver Training This Course May Be For You

Hello, darlings!

First off, before we even begin, a warning – I'm feeling quite perky today. So if I sound excitable in this post, you lot will know why!

What made me so perky, you ask? Well, I don't know about you, but for me, it's always a good day when I can give my readers useful information – and if you haven't guessed, today is just such a day!

Read the full article
To Buy or Not to Buy Leasing vs Buying a Courier Vehicle

Hello, all!

Yes, that's right – no 'darlings' or 'dears' today. That's because, this time around, it's not Auntie Gertie at the wheel, it's me, your trusted designated driver, Steve!

I asked my Auntie Gertie to let me have her blog for a week, because I want to talk about something important that I don't think she's ever brought up, at least recently – and that's the issue of whether you should buy or lease vehicles when you're a self-employed, independent owner driver.

Read the full article

Read the full article

Here to help

Talk to us! On the phone, online or in person… we’re here to help.

CX Fleet 3.0

New!

CX Fleet 3.0 is out now - a powerful app for remote fleet management.

Tap into peak efficiency today!

Watch CX fleet in action
Close popup