Freight transportation is crucial because it directly affects a company’s reputation. If your cargo isn’t delivered on time, you take risks of unsatisfying client experience and interrupted manufacturing processes. On the other hand, it’s challenging to quickly find a carrier.
Here are some other factors:
Capacity constraints. When there is high demand for transportation services, carriers may have limited capacity to accept new shipments. This can make it difficult for shippers to find available carriers to move their goods.
Market fragmentation. The transportation industry is highly fragmented, with many small carriers operating independently. This can make it difficult for shippers to identify and vet potential carriers.
Lack of transparency. The traditional freight industry has historically been opaque, with limited visibility into carrier performance and pricing. This can make it difficult for shippers to identify reliable carriers and negotiate fair rates.
Regulatory compliance. The transportation industry is subject to a range of regulations, including safety and environmental standards. Shippers need to ensure that their carriers are compliant with these regulations to avoid legal and financial risks.
Operational challenges. Carriers may face operational challenges such as equipment breakdowns, driver shortages, and traffic delays, which can impact their ability to deliver shipments on time and in good condition.
In general, online platforms are a great way to get needed services. They also simplify the interaction between a service provider and a consumer. Online platforms can be relevant solutions for different niches. For example, Coreteka also developed a financial platform, allowing traders to make investments based on data. This solution is powered by Machine Learning.