Given ongoing market challenges and rate volatility, consistent and reliable procurement has been a challenging area for shippers, carriers and intermediaries globally. Many transportation industry stakeholders, like MODE, recognize the potential of machine learning and data analytics to help navigate market conditions more dynamically. Transporeon's AI and behavioral science-driven Autonomous Procurement solution for spot sourcing optimizes the entire freight procurement process. It transforms formerly manual procedures characterized by multiple touchpoints into a streamlined, automated process.
As part of this collaboration, Autonomous Procurement by Transporeon will be available in the
"Initiating a collaboration with Transporeon has been an important aspect of our digital transformation," said
The shared goal is to create a better environment for carriers within a digital platform.
"The technology is fully integrated with our transportation management system," says Welsh. "We are now even more effective in managing our network of carriers and shippers, giving our clients tremendous flexibility and insight into their logistics spend."
For its part, Transporeon will ingest the pipeline of MODE data and use it to better track markets and train algorithmic pricing models. This collaboration will significantly expand Transporeon's existing carrier network of over 150,000 carriers and logistics service providers, while improving prediction accuracy and performance for all regional customers.
"MODE Global demonstrates a seriousness about their digitization ambitions, in scope and depth," says
About MODE Global
MODE Global is a multi-billion, multi-brand, 3PL platform and one of the world's leading logistics companies. We are the sixth-largest truckload freight brokerage and the largest non-asset intermodal provider in
About Transporeon
At Transporeon, a Trimble Company, our mission is to bring transportation in sync with the world. We power the largest global freight network of more than 1,400 shippers and retailers and more than 150,000 carriers and logistics service providers. Every day they execute more than 110,000 transports on our platform and book more than 100,000 dock-appointments for loading and unloading. In the course of one year, roughly
Our leading transportation management platform connects all actors along the supply chain. It facilitates collaboration between the different parties, helps to automate manual processes and provides valuable real-time insights. The modular Application Hubs solve specific logistics challenges and range from freight sourcing over transport execution and dock and yard management to freight audit and payment. Data hubs provide insights into logistics operations, market developments and carbon emissions, next to ensuring transparency in the supply chain through visibility. Our platform works across all geographies and all modes of transportation, empowering logistics teams to move, manage and monitor freight.
Transporeon is headquartered in Ulm,
About Trimble
Dedicated to the world's tomorrow, Trimble is a technology company delivering solutions that enable our customers to work in new ways to measure, build, grow and move goods for a better quality of life. Core technologies in positioning, modeling, connectivity and data analytics connect the digital and physical worlds to improve productivity, quality, safety, transparency and sustainability. From purpose-built products and enterprise lifecycle solutions to industry cloud services, Trimble is transforming critical industries such as construction, geospatial, agriculture and transportation to power an interconnected world of work. For more information about Trimble (NASDAQ: TRMB), visit: www.trimble.com
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