Significant growth within the road haulage and logistics sector has helped to achieve a record year for Transport Exchange Group, the leading operator of the UK’s largest independent freight exchanges.
The company’s exchanges handled more than 462,000 transactions during 2013, representing a 20 per cent overall annual increase, with particular growth coming from a rise in the number of road transport operators, freight forwarders and owner operators using its Haulage Exchange solution.
With the road haulage and logistics sector facing increased challenges and price pressures such as empty running, rising fuel costs and driver shortages, many operators are looking for effective ways of reducing overheads, boosting efficiency and gaining competitive advantage. As a result, Transport Exchange Group’s platform now boasts more than 5,000 active users, a 12 per cent increase on the previous 12 months, that are running more than 15,000 vehicles and responsible for handling 40,000 nationwide loads via the freight exchanges each month.
This rapid growth has been supported by the launch of Transport Exchange Group’s second-generation platform that was introduced across both Haulage Exchange and Courier Exchange during 2013. This has provided users with added functionality, simplicity and visibility, as well as supporting integration with other third-party tools such as telematics and transport management systems to streamline supply chain processes.
Lyall Cresswell, Managing Director of Transport Exchange Group commented: “Our freight exchanges are now the busiest and fastest growing in the marketplace based on our proven track record of tackling some of the most common and difficult challenges facing the road transport industry. Our expanded proposition means we are well-placed for further success during 2014 as we become partner of choice for an increasing number of haulage companies, couriers, freight forwarders and owner operators.”