Market Trends of Digital Freight Matching Platforms Industry
The Mobile-Based Segment Dominates the Overall Market
Most market players provide mobile applications on Google Play and Apple Inc.'s App Store. China-based Full Truck Alliance (JiangSu ManYun Software Technology Co. Ltd) provides freight matching and value-added services through mobile apps such as Yunmanman and Huochebang. Platforms based on mobile technology are faster than web technologies, and apps can be run offline.
These apps provide real-time visibility of shipments, allowing shippers and carriers to track cargo, monitor routes, and receive timely updates.
In May 2023, Transfix Inc. unveiled a collaboration with Highway, a carrier identification solution engineered to minimize fraud and enhance digital bookings. This integration boosts transparency and efficiency in carrier compliance and onboarding procedures. By leveraging geolocation services and IoT integration, mobile apps optimize routes and ensure cargo safety, resulting in more reliable and efficient freight operations and boosting their adoption in the logistics industry.
North America Dominates the Overall Market
With a high penetration of the Internet and smartphones, North America has developed an advanced technology infrastructure. Therefore, local carriers and transporters may access digital freight matching platforms. The region's modern connectivity landscape provides seamless access to digital freight matching systems for shippers and carriers.
This increased availability in North America significantly impacts the overall adoption of DFM solutions and their success. A developed technological ecosystem provides the region with an environment conducive to the growth of the digital freight matching market.
The logistics sector in North America is well-placed to exploit digital platforms effectively, given the large number of people with high-speed Internet and mobile phones. The ease of access to these platforms will improve operational efficiency, speed up the decision-making process, and stimulate an evolving and responsive freight ecosystem.
In March 2024, Bolt Express announced the launch of its best-in-class digital freight matching system. This new digital system streamlines freight matching by seamlessly integrating via API, EDI, or XML with high-volume shipping accounts. For all other ad-hoc customer shippers, Bolt simplifies shipment set-up by using the power of advanced artificial intelligence (AI) to read and instantly process new requests submitted via email, phone, or text to ensure they receive a timely solution to their most challenging and urgent shipping problems.
