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"The Spark" award for Cargonexx

Start-up working on greater efficiency in logistics sector

The Hamburg-based Cargonexx logistics start-up won “The Spark” digital award presented by Handelsblatt newspaper and McKinsey consulting on Thursday (October 12, 2017) in Berlin. The company was among ten finalists presenting their innovations to the audience. The annual award is presented to start-ups whose ideas have the potential to cause groundbreaking changes in industry.

Greater efficiency with artificial intelligence

Cargonexx counts among pioneers in the logistics sector. The start-up aims to optimise supply and demand in truck transport and uses a “digital haulier” to avoid empty runs. A self-learning algorithm identifies free capacities and matches them with carriers. The constant analysis of hundreds of thousands of freight data reveals how prices are formed. It calculates which lorries on a certain route have free capacities and estimates the best price for a run within seconds. Hauliers can book it in a click (one click trucking).

Surprise for company

Commenting on the award, Rolf-Dieter Lafrenz, CEO of Cargonexx, said: “Naturally, we are convinced of our offer. But we had never even dreamed of such an enormous response and the positive verdicts by such a high-calibre jury.” The members of this year’s jury included Cornelius Baur, Head of McKinsey Deutschland and Sven Afhüppe, Editor-in-Chief of Handelsblatt, and who moderated the ceremony. This year’s competition focused on start-ups in terms of artificial intelligence. The competing companies had to show innovative, scalable concepts and have already tested successfully in a business context. Representatives of companies such as Siemens, KUKA, Volkswagen, Max Planck Institute, Technical University of Munich and RWTH Aachen University were among the other judges.

Cargonexx at German Logistics Congress

Lafrenz noted: “We do not have time to rest on our laurels. The logistics market has woken from its ‘sleeping beauty’ state and we are already working on other plans.” They include taking events such as the 3PL Summit & Chief Supply Chain Officer Forum – Europe in Venlo, The Netherlands and the Deutschen Logistikkongress in Berlin from October 25-27, 2017.

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