Instant Real-Time Pricing for the 'Large and Complex' Australian Road Freight Market using Artificial Intelligence

Unlike the 'commoditised' under 25kg freight segment (dominated by Australia Post, TNT, Startrack etc.), the mid-to-large freight market is a complex, time consuming and costly segment for customers and suppliers to price and navigate. Truckit’s AI freight pricing is delivering on a long-held consumer expectation of accurate, instant delivery pricing, but doing so in the ‘mid-large’ freight segment. The days of 'regional rate cards' updated monthly or yearly, manual 'business-hours' quoting, and days of waiting are now a thing of the past.

Truckit has solved instant AI pricing in the mid-large freight market using almost 10 years of proprietary freight data to accuratly price freight to anywhere in Australia, including regional and remote areas. Where large network carriers have previously provided annual rate cards to price freight to regions within Australia, Truckit can now accurately price to direct addresses using AI automated pricing. It has taken Truckit two years to prove the initial technology and Truckit is now successfully trialling delivery of instant pricing across four categories in-market.

This industry is going through massive transformation and AI efficiency is the single biggest opportunity for the freight / transport industry. The Australian freight market remains dominated by inefficient, manual systems, processes and operations that create significant waste. Online and efficient automation of the market has been an ongoing goal of all transport companies seeking continuous improvement and eCommerce traction, and Truckit's freight marketplace has been leading the journey to intelligent automation for the past five years, connecting the best carriers for every load with the customer that requires it.

Truckit's new instant AI pricing is the first step towards efficient automation in the Australian mid-large freight industry.