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Cargonexx focusing on artificial intelligence

Start-up uses algorithms to boost supply and demand in lorry transport

Two-thirds (65 per cent ) of 508 companies in logistics-related sectors and surveyed in May on behalf of Bitkom believe that self-learning systems will take over tasks such as planning routes or order procedures. Nine out of ten companies expect long-term cost cuts (89 per cent) and faster transport (86 per cent). Around three-quarters (72 per cent) expect fewer errors in the transport chain and 58 per cent more environment-friendly transport. The trends go hand in hand with developments among start-ups in the logistics sector.

Matching carriers with free capacities

The Hamburg-based Cargonexx counts among pioneers in the sector. The start-up aims to optimise supply and demand in truck transport and uses a “digital haulier” to avoid empty runs. It using self-learning algorithms to identify free capacities and match them with carriers. “We can decide the prices of lorry transport using artificial intelligence,” said Rolf-Dieter Lafrenz, Managing Director of Cargonexx.

Booking “one click trucking“

The constant analysis of hundreds of thousands of freight data allows the programme to learn how prices are formed. It calculates which lorries on a certain route have free capacities and estimates the costs of a run. Hauliers can book it in a click (one click trucking).

Cargonexx expanding

Around 200 hauliers and carriers in Germany have registered with Cargonexx so far. The digital haulier takes all the risks, according to Cargonexx, meaning the start-up is liable and entirely responsible for transport. Cargonexx launched in Germany late in 2016 and has since expanded to German-speaking countries. The company is now aiming for Poland and the Netherlands.

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