Transmetrics unlocks the power of Big Data and predictive analytics for cargo transport industry. Our products consist of data cleansing, advanced forecasting, predictive optimization and execution controlling modules to help companies optimize their operations. Transmetrics works with some of the leading logistics companies in the world, including three global Fortune 500 companies.
Our products have brought significant benefits to our clients who have experienced an up-to-25% reduction in linehaul costs. The company’s solutions have achieved international recognition in the form of various awards such as the Forbes Business Award.
How It All Started
The idea of Transmetrics was drafted in 2012 during one of the transport conferences. At the time, Asparuh and Anna were working as consultants for some of the largest companies in the cargo industry. In most of these companies there was an explicit issue of inefficient capacity utilization, so Asparuh decided to do something about it. Having a solution in mind, he tested it out during one of the consultancy projects, and it was a success. It was decided to spin the solution off into a separate company.
In 2013, with the help of Alex and Rado, the other two co-founders of Transmetrics, the idea was transformed into a product. All of the founders complemented each other: Asparuh was a successful serial entrepreneur who knew the logistics market, while Anna was a strong saleswoman and networker, Rado was an excellent programmer and a development team leader and Alex had an extensive experience working with data-driven IT applications for different industries including cargo transport.
Since 2013 Transmetrics has grown from 4 co-founders to a team of 24 highly-skilled employees, and the team is working with world-renowned cargo companies.
Among the things we learned about predictive analytics is that it is very industry-specific. You can’t take the knowledge, for example, in finance, and apply it directly to logistics. Currently, predictive analytics for the cargo transport industry is an under-researched field, and we are the first ones to tackle it. We are creating a unique approach for analyzing, modeling and predicting transport flows with a very high accuracy, which doesn’t exist anywhere else.
The success of this unique approach requires a rare combination of knowledge in multiple disciplines, and that is why our customers find it hard to develop a similar solution themselves. Our advantage comes from having strong experience in both the technical (Big Data and Predictive Analytics) and domain (Transport and Logistics) areas. Additionally, our Board of Directors and Advisory Board consist of current and former professionals from logistics companies such as DHL, TNT Aviation, Panalpina, a.hartrodt, Cargolux, who are helping us every step of the way.