Turvo, a logistics startup has launched a \u201ccollaborative logistics\u201d platform that allows shippers, brokers and carriers to communicate and manage shipments in real-time, across the entire supply chain. The company also announced it has raised $25 million in Series A financing.
\nThe platform allows shippers can manage loads, and eventually, it will offer inventory management. Turvo\u2019s software provides carriers with fleet malmanagement tools, and the brokers can use the platform for load and fleet management.
\nTurvo is setting out to differentiate itself by taking on the entire supply chain, from orders and shipments to invoices and payments. Customers pay a fee per shipment, lowering the barrier to entry.
\nBut freight is a crowded and recalcitrant market, and Turvo is up against startups like Flexport and Globatom to major\u2019s such as SAP and the Oracle.
\nWith ever-shrinking margins in the freight business, Royce Neubauer, CEO Service First Logistics, a Freight broker based out of Michigan is counting on Turvo\u2019s platform to cut costs. \u201cIt gives us an opportunity to focus on the outliers in our supply chain, rather than the shipments that are flowing through the system smoothly and accurately and on time,\u201d\u00a0 Neubauer explained. \u201cMost companies are constantly tracking their shipments, and that\u2019s bogging them down.\u201d
\nService First Logistics has been working with Turvo for roughly a year, providing input into how they built the platform, from a broker\u2019s standpoint. As a result, Service First Logistics has gone from one person required to manage every 30 shipments to one person for every 200 shipments. \u201cIt\u2019s allowing us to spend more time and energy fixing those outliers,\u201d Neubauer explained.
\nLogistics is a US$8 trillion-dollar global industry, and Turvo argues that pen and paper, spreadsheets, and outdated software with countless redundant, manual tasks are at the root of high shipping costs. \u201cCommunication is done through back and forth phone calls, emails, and faxes which is inefficient and error-prone,\u201d the company said.
\nTurvo facilitates the sharing of shipments and documents and messaging. It assigns tasks to people both inside and outside the organization, \u201creducing back-and-forth phone calls and emails.\u201d
\nReal-time visibility tracks shipments from dispatch to delivery using the Turvo mobile app and hardware sensors.
\n\u201cIntelligent notifications\u201d conduct instant searches along the supply chain, providing automated recommendations. By focusing on outliers, logistics companies require less eyes on shipments. The assumption here is that most shipments never actually require management, automatically moving through the supply chain.
\nTurvo provides a single platform where digital invoices are shared instantly and payments can be scheduled automatically. That speeds up payments, which Neubauer explained, allowed his company to, \u201cpay our carriers roughly two weeks earlier than we used to.\u201d
\nTurvo\u2019s tools may be the fix that finally catches on in the notoriously slow-moving logistics industry, however \u201cthere are a lot of big ideas involved,\u201d Neubauer concluded. \u201cAnd sometimes, that\u2019s had to sell.\u201d
\nThose interested in learning more about airfreight in 2017, should join us at Cargo Facts Asia in Shanghai, 25 \u2013 26 April. \u00a0To register, or for more information, go to\u00a0CargoFactsAsia.com
\n
\nSource: aircargoworld<\/p>\n","protected":false},"excerpt":{"rendered":"
Turvo, a logistics startup has launched a \u201ccollaborative logistics\u201d platform that allows shippers, brokers and carriers to communicate and manage shipments in real-time, across the entire supply chain. The company also announced it has raised $25 million in Series A financing. The platform allows shippers can manage loads, and eventually, it will offer inventory management.[…]<\/a><\/p>\n","protected":false},"author":1,"featured_media":2378,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[49],"class_list":["post-2377","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-airport-code"],"_links":{"self":[{"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/posts\/2377","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/comments?post=2377"}],"version-history":[{"count":0,"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/posts\/2377\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/media\/2378"}],"wp:attachment":[{"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/media?parent=2377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/categories?post=2377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/tags?post=2377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}