More than 2 million entries on the start-up platform Cargonexx

Cargonexx, a digital forwarding company, is also available in Austria; further European countries will be added to the network before the end of this year

More than 2 million entries on the start-up platform Cargonexx

Following the opening of the Cargonexx platform for Polish freight carriers, the Hamburg start-up company Cargonexx made its next big move: since May, Austrian and Danish carriers and forwarders are able to find or place shipping orders within Germany with a few clicks, respectively. In total, the platform already brings together more than 3,000 transport companies from Germany and Poland. In addition to Austria and Denmark, the company also sees growing demand from the Netherlands.

“The number of users of our platform develops very well. By expanding our platform to the neighboring countries of Germany, we can offer our customers even more comprehensive services. Tours across countries can soon be booked without any problems,” says Rolf-Dieter Lafrenz, CEO of Cargonexx. The long-term objective of Cargonexx is to cover the entire European market in the future, to avoid idle transport capacities and increase the productivity of supply chains.

One-click trucking – this simple handling is hiding complex statistical procedures in its background. A self-learning algorithm analyses influencing factors such as freight, weather and traffic, and calculates the market price for future transports. “Our algorithm learns by every booked transport. A broad data base, also from different countries, to continuously optimise the artificial intelligence will benefit our users,” Rolf-Dieter Lafrenz explains the functioning of the software.

On June 21, 2017, the Hamburg-based start-up entrepreneur presented the Cargonexx system also on the 24th Austrian Logistics Day. At the trade fair in Linz, he spoke about “Digital revolution in the freight market through start-up companies?” and provided information on the challenges for start-up companies in Europe.

Cargonexx was founded in early 2016 by Rolf-Dieter Lafrenz and Andreas Karanas. Since December 2016 the logistics platform is officially operating on the German market. At the beginning, the algorithm was supplied with 750,000 real freight data. In the meantime, this data set has grown to over two million entries.