Photo - FreightExchange
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FreightExchange

Luxembourg
Market: Internet and IT, Logistics and warehouses, Transport
Stage of the project: Operating business

Date of last change: 14.02.2022
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Idea

Multi-carrier shipping platform that automates freight from order to the door for businesses that trade awkward goods.

Current Status

Current traction & status:
- 400k shipments / year, growing 160% YOY
- 10k SMB customers served to date
- 10 enterprise subscribers
- We have product market fit in Australia
- The product is scalable globally
- We make $2.10 gross profit/shipment

Problem or Opportunity

Traders face unparalleled disruption, empty shelves & high freight costs

We give back control, visibility, choice & flexibility & reduce costs by up to 25%

Solution (product or service)

For customers the FreightExchange platform automates the process of:
1. Carrier procurement: providing carriers and rates to ship clean boxes -> customers and used boxes -> depots
2. Shipping automation: quoting, booking, consolidation, documents (labels etc) & tracking
3. Workflow automation: setting up integrations with inventory/order systems, carrier selection rules

Business model

Our standard pricing is:
- 15c per shipment for shipping & workflow automation plus
- 10c per shipment for advanced shipping modules plus
- 5%-20% commission on shipments for use of our carrier network

Incubation/Acceleration programs accomplishment

Muru-D, Telstra Australia
Singapore Landing Pad
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Idea
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