Freight services and Artificial intelligence

Freight services offer transportation of goods from one region to another following a certain set of orders laid down by the governing authorities. This is a form of the  market with its fair share of complexities. In this era, the fast paced lifestyle, desire of maximized output in the limited timeframe and  the advent of latest upgraded technologies have affected every sphere of life from basic needs to high end requirements. This has resulted in a severe and significant impact on business as well. Forwarders have realized that in order to maximize output and efficiency automation and digitization are required and the implications of Artificial Intelligence are not very far.

ArtificialIntelligence in Freight is being used to make the-commerce style supply chain visible to international freight.For managing huge amounts of increasing logistics and data, we can apply datasciences in the logistics such as Cloud Computing and Big Data. This will help solve the existing problem of fragmentation of people, processes and platforms that is prevalent in supply chains. Forwarders have reported enhancement of first and mid-mile freight movements. It prevents failure of mechanics and technology  with better distribution management and super-fast business calculations and transactions and quote fares.

FreightBro applies technology to enable freight forwarders with precise data-driven logistics and decisions, and helps in predicting market changes and better values. It is actually a cloud based software as a service (Saas) platform that has potential to double the business deals. It eliminates internal ineffiencies in sales and operation processes. Instant quotes facilities are available. Acting as an agent between the shipper and various transportation services, the forwarder negotiates best possible prices and routes.

Blockchain technology  was initially used for sea freight technology purpose given the fact trading and shipping used to be conducted over sea routes since ancient times. It was formerly used so that trusted financial transactions in between the parties without any kind of intermediaries. It acts as a secured, decentralized and encrypted public ledger. It has turned the trading business into paperless transaction format, exchange and storing of information in an encrypted format and secure transactions.

The A.I. Container Shipping is on the way with global ocean shipping e-commerce portals and integration of latest trends such as Machine Learning (ML) and Internet Of Things (IoT) and block chain technology. This can further be enhanced with cloud based chatbots and smart containers allowing refrigeration, or reefers, to be monitored and handled remotely, monitoring temperature changes and air flow.