Transport Exchange Group experienced a record year following a 25% rise in the number of loads handled through its leading freight trading platforms.
Both Haulage Exchange and Courier Exchange saw significant growth during 2015 as road transport businesses sought to meet demand for added capacity and tackle some of the operational challenges they face within the supply chain sector.
Over 800,000 jobs were posted on the freight trading platforms in the past 12 months. As a result, an average 75,000 loads were posted each month by the exchanges’ 4,000+ active members, equating to more than five million road miles, which would otherwise be wasted fuel and cost to operators.
In addition, overall satisfaction ratings topped 99.8%, with responses by proportion of transactions through the unique feedback system reaching over 30%.
The rapid growth has been supported by the introduction of a series of technology innovations, which have enhanced the user experience of the exchanges with added visibility and control. This included the launch of interactive corporate and owner driver dashboards designed to save time and improve performance for members by simplifying and streamlining business and operational processes.
Meanwhile, Transport Exchange Group confirmed a host of new telematics partnerships during 2015, bringing the number of agreements with leading industry specialists to 15. This has resulted in the creation of the first system-neutral telematics integration platform for the logistics and road transport sectors, allowing operators to use data from many of the best-used vehicle tracking tools to better manage in-house and sub-contractor fleets.
Lyall Cresswell, Managing Director of Transport Exchange Group, commented: “Key industry challenges such as driver shortages and fluctuating seasonal peaks are increasing the pressure on the domestic logistics infrastructure and driving demand for added freight capacity.
"Our freight exchanges are the busiest and fastest growing in the marketplace, because of our unrivalled expertise and ongoing commitment to our members. This means we are best placed to help reduce empty running, achieve return on assets and ultimately increase profitability.”