Backed by Shell, LogisticsNow ready to improve road transportation biz

The focus of 'LoRRI Benchmark' on the full truckload (FTL) is mainly because 70-80 percent of the total road transport industry in terms of value is FTL, informed Saxena

In a bid to bring in more transparency in the otherwise fragmented road logistics segment, Shell-backed LogisticsNow, recently launched a benchmark for contracted freight on full truckload (FTL) freight for medium and long haul lanes.
 

“Manufacturers using road transportation do not have a trusted benchmark for freight rates. They are relying on their own database. This benchmark will not just enable manufacturers view freight range but also display top rated transporters in turn helping in freight price discovery,” Raj Saxena, founder and chief executive officer of LogisticsNow told Business Standard.

Over 65 per cent of the country’s freight today gets transported