With Phase 1 technology now complete, the TGMatrix Freight Matching service went live in October 2016, and has already secured commitments from major industry players, which will provide the critical mass required.
TGMatrix is currently seeking funding to support future growth in the UK and roll-out of the service to Continental Europe.
Stakeholders and Users
Initial stakeholders and committed users, are some of the UK’s largest shippers and carriers.
TGMatrix is uniquely focused on Intermodal (Road, Rail, Short Sea and Coastal Shipping) and initially – full truck/container/swap body, freight – representing by far the largest percentage of freight spend.
The Business Model
The business proposition is based on a subscription model with an all-inclusive service proposition comprising:
- Claims management
TGMatrix is building a highly scalable European business that matches supply chain logistics’ demand and supply in near real time-bringing it into the Internet age & in so doing:
- Reduces current wasted capacity
- Reduces shipper costs
- Increases carrier margins
- Drives modal shift
- Reduces carbon footprint
- Reduces congestion