The Exchange is able to provide complete visibility and control for both in-house and sub-contractor fleets as it has longstanding agreements with leading telematics specialists. Data from many of the best-used vehicle tracking tools is combined through its freight exchange to create the first system-neutral telematics integration platform for the logistics and road transport sectors.
“The telematics marketplace remains incredibly fragmented, so while adoption is now much more widespread, many disparate systems have no means of communicating to each other,” explains Transport Exchange Group’s Head of Business Development, Simon Bunegar. “We have the ability to integrate tracking data from virtually any system, so members of our freight exchange can not only have visibility of their own vehicles, but also those of their trading partners.”
Hauliers, freight forwarders and logistics providers can take advantage of private, public or hybrid exchanges, with the ability to see the location and status of vehicle, regardless of who is operating them (subject to security filters, of course). This provides increased confidence when committing customer loads to other members of the Haulage Exchange, improving asset utilisation, achieving operating efficiencies and, ultimately, increasing profitability.
The integration also enhances the value proposition for smaller fleets that previously failed to justify the cost of telematics. They can be part of an extensive virtual, fully-tracked fleet, making them more attractive to larger organisations that are looking for end-to-end visibility of their operations. Furthermore, the freight exchange also helps companies promote unused capacity to other members, minimising empty running and boosting revenues.
“We have developed a technology platform that is vendor neutral and capable of pulling together vehicle positioning and other useful data from various sources into a single, easy to use solution. This allows partners to share key operational information to help maximise fleet performance and provide added peace of mind, taking advantage of the value of visibility,” concludes Bunegar.
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