Glossary

Transport Exchange

Definition

A transport exchange is a digital platform or marketplace that connects businesses needing to transport goods with freight transport companies that have available capacity. It provides a transparent and efficient way for shippers and carriers to find each other, negotiate prices, and arrange for the transport of goods. This system can help reduce empty runs, optimize routes, and streamline the logistics process, leading to cost savings and improved efficiency.

— sennder Team

FAQ

On a transport exchange platform, businesses post their freight details and transport requirements. Meanwhile, transport companies or individual truck owners can search for loads that match their available capacity and route. Once a match is found, the parties can negotiate prices and arrange for the transport directly through the platform.
Transport exchanges can help reduce transportation costs, increase efficiency, and improve flexibility. They enable carriers to fill their empty capacity and allow businesses to find cost-effective transport solutions quickly.
Yes, a transport exchange and a freight exchange are essentially the same. Both are platforms that connect shippers with available carriers to facilitate the efficient transportation of goods.
Yes, individual truck owners can join a transport exchange to find loads that match their available capacity and preferred routes, thus optimizing their operations and increasing their income.
Transport exchanges provide visibility into available loads along specific routes, enabling carriers to find and secure additional freight that fits their existing routes and schedules. This helps to minimize the number of trips where the vehicle is not carrying any cargo, known as empty runs.
Example or usage in road freight logistics

In road freight logistics, a transport exchange can be used by a carrier who has just made a delivery and has an empty truck for the return journey. The carrier can log into the transport exchange platform and find a load that needs to be transported along their return route, thus minimizing the empty run.

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