XPO to “enhance ‘decision making” in Europe with its digital freight marketplace
XPO Connect is a cloud-based, digital freight marketplace that matches supply with demand across the company’s transportation ecosystem, with virtual tools for buying and selling capacity.
XPO first introduced XPO Connect in North America in 2018. The platform uses a combination of multimodal architecture, machine learning and the company’s predictive analytics. Customers have comprehensive visibility into freight movements, including geo-location, weather conditions, traffic and other factors relevant to shipment status.
Mario Harik, chief information officer, XPO Logistics, said: “XPO Connect transforms visibility into business intelligence when transacting for capacity. Our proprietary algorithms turn torrents of data into relevant information in seconds, enhancing decision-making. Our goal, as always, is to drive significant efficiencies throughout our customers’ supply chains.”
XPO invests approximately $500 million in technology annually across its global organisation, resulting in the development of leading technology systems and mobile capabilities. Developments include the XPO Connect marketplace, the Drive XPO app for carriers, consumer voice tracking for home deliveries of heavy goods, a proprietary warehouse management system and the implementation of collaborative robots in the company’s distribution centres.