TNX

TNX by Transporeon is a data science platform that aims to simplify spot freight procurement and quotation processes in the road transport industry. According to the vendor, this software is suitable for companies of all sizes, from small enterprises to large corporations. Logistics and supply chain professionals, procurement managers, freight brokers, transportation companies, as well as shippers and manufacturers, are among the target users of TNX.

Key Features

Autonomous Procurement: TNX's Autonomous Procurement is a data science platform that automates the spot freight procurement process. According to the vendor, it leverages data and behavioral science to achieve lower freight rates by nudging carriers towards more competitive pricing.

Carrier Profiling: TNX's software creates detailed profiles of each broker's carriers by analyzing 3rd party data, historical data, and carrier reactions to offers. The vendor claims that this profiling helps determine the most relevant carriers for specific work and enables effective price negotiation.

Price Prediction: According to the vendor, TNX's software utilizes historical data, carrier profiling, and 3rd party market data to predict general market and carrier-specific pricing for each load. These price predictions are intended to empower brokers to make informed decisions and optimize their pricing strategies.

Smart Tendering: TNX's software automatically selects the most appropriate strategy for each load, determining when to make offers, which carriers to engage, and whether to leverage spot or contracted rates. The vendor states that smart tendering optimizes the procurement process and ensures efficient decision-making.

Carrier Rep Playbook: According to the vendor, TNX's software provides carrier reps with guidance on how to negotiate each load, offering step-by-step support from pre-call preparation to in-call negotiations. The vendor claims that this playbook aims to maximize the impact of carrier reps and improve negotiation outcomes.

Analytics: TNX's platform generates a large volume of data on pricing, carrier behavior, and market conditions. According to the vendor, the software offers a comprehensive set of tools for data exploration and analytics, providing access to executive KPIs, operations reporting, and visual data exploration capabilities. These analytics are intended to help analysts and management gain insights and make data-driven decisions.