Global trade imbalances result in a surplus of empty containers at certain locations and a shortage at others. To address the problem, most shipping lines employ a container fleet that is 10-20% larger than needed, while still struggling to supply their customers with containers.
Empty container repositioning requires prior information about future demand and complex estimations of all related costs (storage, repositioning, grading, maintenance, gate in/out, stevedoring, etc). Yet, planning decisions are handled manually with basic tools (e.g. Excel) and are based on inaccurate commercial forecasts and gut feeling.
33%
of all containers moves are empty
Achieved Results for Our Clients
High granular accuracy
Increase in volumes and service levels
Reduction in procurement costs
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20+%
Reduction of empty container logistics costs -
7.5%
Reduction of total fleet size -
15%
Reduction in repair and grading costs
AssetMetrics for Freight Forwarding
Transmetrics offers an automated forecasting tool specifically customized for Freight Forwarders. The AI-driven software forecasts customer demand per asset type and geographical area, weeks in advance. This enables forwarding companies to timely plan and procure the right capacities, and reserve the space needed, at the right locations. Booking this space in advance ensures maintaining high service levels and may also minimize procurement costs. Additionally, freight forwarders can deploy dynamic pricing strategies and generate additional revenues by adjusting pricing for irregular and spot market customers, depending on the expected demand.
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A Ready Product Customized for Your Needs
Transmetrics offers a complete end-to-end solution, which consists of two main product components. Each of them can be tailored to meet customer-specific requirements.
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Data Cleansing & Enrichment
Our proprietary Artificial Intelligence algorithms analyze your historical data, identify and improve data quality issues such as missing values, duplications, outliers, etc. This enables detailed historical reporting on operational efficiency. -
Demand Forecasting
Transmetrics` software generates daily rolling AI-driven forecasts of upcoming shipment volumes on the most granular level. The forecasts are based on a mix of the already improved historical data and a set of external factors (e.g. seasonality, public holidays, weather, etc.).
Additional Benefits
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Automation: Get rid of manual planning in Excel
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Quick results: Receive first benefits in just 2 months
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Cost: Paid from additional sales revenues or decreased procurement costs
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Visibility: Management dashboards for reporting
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Low Risk: 100% success rate, ready product, works even with low-quality data
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"One version of truth": All the relevant data can be found in one system
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Efficiency: Even less experienced planners can get an understanding of the market and act accordingly
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Dynamic Pricing: Adjust pricing based on demand and generate additional revenues