In the transportation ecosystem, the online marketplace has gained popularity. Keeping technology at the forefront, the startup aggregators are redefining the logistics landscape of India, making it more reliable and efficient. These online marketplaces bring shippers (those who ship goods) and carriers (transporters who carry these goods) along with truck owners on a single connected platform. Online freight aggregators have an edge over traditional businesses with real-time demand aggregation, pricing transparency and elimination of brokers, but technology adoption by suppliers remain a challenge.
The booking and utilization of trucks have traditionally been done on an informal basis through the network of acquaintances and brokers. By way of bringing this online, these companies help in bridging the demand-supply gap as well as getting the right rates, both in real time. The road-freight portion of the logistics market is currently valued at US$150 billion per annum and is growing at a CAGR of around 12%. That translates to a new trucking demand of US$ 18 billion generated every year. If you break it down to a month it is worth US$ 1.5 billion which is about Rs.
9,000 crore (per month). Logistics overall incorporates outbound and inbound supply chain & manufacturing segments in India and these sectors are hugely fragmented. There is no proper regulatory structure to govern or control the industry. Though Indian trucking is pegged to almost $150 billion market with around 6 million vehicles on road, broadly speaking, it is facing challenges over issues, such as · Storage and warehouse management issues · Poor infrastructure · Middlemen meddling with your operations · No control over drivers and their HOS (hours of service) · Untimely deliveries · Availability of transporters This clearly showcases the current scene in Indian trucking industry. It’s highly fragmented, unorganized and lacks communication. Despite a whopping 4.7% contribution to our GDP, logistics management still has loopholes and hence incapable of delivering its share. So, there is an innate need to develop a disruptive solution that can tackle problems related to IT, warehouse management, networking, communication and complete logistics control.
And some logistics startups aggregators are gearing up to finally streamline the unorganized trucking business. Companies like Trukky, GoGoVan, etc. are pushing the fragmented trucking in the country with logistics management apps. Few Examples Let’s Transport helped Delhivery, a courier dispatch company from Delhi, track fleets in real time.
They have now instant invoicing system and get alerts every time their shipping trucks reaches the destination, breaks down or reports to their warehouse. Some more notable players here are Moovo, The Porter, BlackBuck, Blowhorn etc. They are gradually making the logistics a better place to work. These startup aggregators are successful in convincing people that mobility solutions will be going to help in solving biggest logistics hurdles. BlackBuck, an online marketplace platform for freight where shippers and fleet operators can engage seamlessly.
They are solving some of the core problems in the areas such as price discovery, route optimization, in-transit tracking and timely delivery assurance. With their unmatched technology integrated platform, they are committed to ensuring that the right shipper gets matched with the right fleet operator at the right price. Ever since its inception in 2015, BlackBuck has been empowering numerous shippers and fleet operators to optimally utilize their potential to achieve maximum results. They are focused towards bringing a positive impact on the freight ecosystem that encompasses and stitches together countless livelihoods. The advantages for both shippers and carriers (or fleet operators) are numerous.
Some are listed below. For Shippers 1. Instant availability of trucks 2. Advanced shipment tracking 3. Hassle-free end-to-end freight management For carriers (or fleet operators) 1. Daily loads across India at right prices 2. Fast payment settlements 3.
Attractive range of services and benefits