Truxapp, a technology-enabled trucking and logistics provider, which has been working in India since 2015, is rapidly establishing itself as a market leader in the road freight and trucking sector. The company has been doing phenomenal work in the Indian road freight industry. Truxapp has aggregated over 350,000 trucks and over 200 corporate clients as a group with revenue projections of US$1 billion by 2022, with over 50% of the revenues coming from India alone. In a recent development highlighting its exceptional growth, Truxapp has entered the UAE market to deliver seamless solutions to the logistics industry as demand grows at an exponential rate. The company is in roll out mode in the other middle east countries such as Saudi Arabia, Oman, Kuwait and Bahrain to create a PAN GCC operations in 2018.
Truxapp’s highly advanced, proprietary and user friendly technology infrastructure has helped in addressing the inadequate logistics and transportation models in Indian market. The highly customisable UI as per the industry, has been able to support companies to become more agile and responsive toward their customers’ needs. Currently the logistics and freight transportation industry is highly fragmented with several players, low productivity, minimal regulation, high costs, and limited value-added services. As the global economy transitions towards a more economically diverse, knowledge-based economy, trade and freight volumes are expected to increase to match demand across all trade sectors, under a technology driven shared resources solution.
Manmohan Agarwal, Founder of Truxapp, said: “Technology is key in building a successful service, Truxapp is focused on developing a technology solution to cater to the exact needs of customers & transporters. The company operates in diverse segment which include; Ports, Import-Export, Retail & Distribution, Manufacturing, SME’s & large industries, in the sectors such as Automobile, Building Materials, Cement, FMCG, Iron & Steel, Oil & Gas, Pharma and 3PL MNC’s to name a few. Working with such diverse client network has helped us to develop customised solutions and improve our services. This give us a confident, we will be able to bring the same change in UAE Market.”
Agarwal also added that, “as far as Logistics is concerned, unlike the consumer arena, this is not a ‘winner take all’ market and there is enough space for some solid companies to build real business in this sector”
Naseer Ahmed, Co-Founder and CEO for Truxapp – International, said: “ The logistics sector has largely been neglected or not given the necessary attention, because of its complexities as a B2B service. Once appropriately established, digitally-enabled trucking services can immensely support all industries as well as the drive toward seamless Smart Cities. The Truxapp team comprises of professionals who have the knowledge and track record to deliver their expertise to businesses daily – managing the complexities of the logistics sector and supporting them to meet their customers’ expectations. The Truxapp team has specifically built the technology to address the pain points of road freight logistic and add substantial value.”
Currently the logistics and freight transportation industry is highly fragmented with several players, low productivity, minimal regulation, high costs, and limited value-added services. This is especially true in India which lags behind Internationally.
Truxapp dashboards shows real-time data, various heat maps including scope of reverse haulage, automated documents and reports, utilization and uptime index, employee and vehicle management, data analytics and offer flexible pricing to the consumer. The technology also offers, the management of human resources and freight insurance services. Furthermore, Truxapp’s machine learning algorithms for pricing and reverse haul, empowers supply chain managers to make decisions based on data of seasonality, replenishment cycles and other logistics factors.
With an experienced team, with diverse backgrounds including road freight and logistics, coupled with strong technology transportation solutions, Truxapp is the ideal partner to transform road freight to meet the aspirations for smart, digitally-enabled cities across the region that are also sustainable, efficient and with a reduced carbon footprint.
