Market Share of Freight Transport Management Industry
The freight transport management is highly fragmented due to many competitors and local players. They are also readily moving toward the information communication sector in the cloud computing segment. Intermodal freight transport operators who have increasingly adopted business practices in horizontal and vertical business integration due to reduced operational costs and increased profit margins have increased the rivalry in the market. Key players in the market are JDA Software, Accenture PLC, DSV A/S, Manhattan Associates, Ceva Logistics, etc.
- February 2022 - The trucking logistics tech startup Freterium, which offers transport management software, announced that it had raised USD 4 million in venture funding. According to a press release from the Software-as-a-Service (SaaS) company, which was established two years ago, its transportation management software is intended to link shippers with their logistics network to work together in real-time to reduce time and shipping costs. The program is designed for businesses that transport goods on a daily basis, including retailers, producers, distributors, and logistical service providers.
- May 2022 - A load optimization function has been released by Shipwell, a leader in cloud-based shipping and logistics, and it has been integrated into the company's transportation management system (TMS). The time it takes to plan and route shipments, the cost of moving them, and the carbon emissions generated by the carriers transporting them are all significantly decreased for clients due to this function.
Freight Transport Management Market Leaders
Accenture PLC
JDA Software
Manhattan Associates
DSV A/S
CTSI-Global
*Disclaimer: Major Players sorted in no particular order
