Meight 🚚 Untangling Road Freight - part 2

In our previous post, we revealed a 4x performance enhancement achieved through Meight's dispatching system, when compared to manual quoting and dispatching. We also examined the evolution of dispatching time over the past six months.

‍

Saving time in mission critical functions such as Freight Dispatching is a way to increase employee bandwidth, resulting in operational efficiency.

‍

Our exploration now delves into operational visibility. We strive to provide small carriers with unprecedented real-time visibility of macro cost categories and on a unit economic basis. Every Dispatcher should have immediate clarity regarding the profitability of each Freight, enabling informed decisions before committing to any service.

‍

‍

‍

Freight gross profit evolution as it goes from contracted -> planned -> executed (accruing operational inefficiency)

‍

Operational inefficiencies in Road Freight can be dissected into two distinct phases:

  1. During the planning stage, dispatchers allocate freight to truck drivers situated at a distance from the pickup point. This decision incurs inefficiencies in terms of empty running kilometers, constituting a significant source of wastage.
  2. In the execution phase, drivers adhere to the plan with a certain degree of inefficiency (including factors like fuel consumption, tolls, executed vs. planned distance, driver downtime, missed windows, etc.), ultimately determining the final gross profit.

‍

‍

‍

Normalised distribution of inefficiencies from planning and executing a freight, totalling an average of 0.30€ per kilometre (20% of total revenue)

‍

Collectively, we estimate that Road Freight companies squander 20% of their total revenue due to unplanned costs. Currently, gathering, monitoring, and acting upon these execution KPIs is an arduous task, especially considering that a single dispatcher oversees on average 30 trucks/drivers. Data is often nonexistent or scattered across multiple systems lacking common standards, rendering its analysis unfeasible for small and medium-sized businesses.

Meight is pioneering the consolidation of data onto a single platform and establishing essential standardisation and relationships with all stakeholders. Anyone can effortlessly assimilate operational data and identify immediate avenues for increased profitability.

‍

>Schedule a Demo with us<

‍

Meight is the data-powered platform that turns small carriers into competitive and sustainable businesses. The road to the future Road Freight requires freight teams to work better together, in ways that unlock new paths to differentiation and efficiency, as opposed to maxing out each resource individually.