Accessing aggregators for transport
Logistics Junction (LJ) is an aggregator platform available for transporters in search of load and companies in search of transport. BB Somani, CEO, Logistics Junction, talks about what role Logistics Junction plays by providing an aggregator platform to
They own their captive logistics company of around 100 fleets. With the experience of this and success of Ola and Uber, it inspired us to venture into this. How will the transporter and driver community get a facelift with the launch of Logistics Junction?
The company’s goal is to provide the truck drivers with a good quality of basic daily living facilities. Few of the essentials we are planning to offer them are: • Subsidised fuels & lubricants • Tyre/tubes, spare parts and other consumables on a discounted rate Assistance in breakdown or incidents Hygienic lodging and resting facilities • • case of unfortunate • customers can see and analyse transactions which enable them to review the transportation process.
We have tied up with companies with regular transportation requirement across various parts of the country, in this way we are able to provide return loads to our transporters, making their trip efficient. Would you like to comment on the current scenario of trucking industry?
There is however a huge demand for goods transportation services in India. Because of various factors such as improved road infrastructure, GST and new companies with innovative concepts and technologies, the sector has a huge growth potential. What are your expansion plans?
Regular and high volume business from over 4,000+ transporters with 2.25 lakh+ vehicles and 3,900 customers presently. We expect this figure to reach to 50,000 transporters and 10 lakh vehicles by the end of March, 2017. On a realistic measure, we hope to scale business between 20 Cr in 2017 to 100 crore in 2019.
TMS is very expensive, so when LJ integrates the technology, you save money, plus get more accessibility to capacity