Global agribusiness giant Bunge has partnered with South American logistics and technology company Target to launch a digitised truck freight hiring company in Brazil, the companies announced on 6 May.
The venture follows last year’s launch of the freight contracting app Vector by the two companies.
Vector integrates with the shipper’s operating system, communicating with loading and unloading locations, allowing the scheduling of freight as well as the distribution of all transport documents, without the need for contact between the parties.
The app can help increase drivers’ productivity by mapping logistics flows while reducing logistics costs for companies, according to Bunge.
Bunge has been using the app in its Brazilian operations but now the new company Vector was offering its logistics platform services to other companies.
“We are leading a digital transformation movement in our core business and we needed a solution that went far beyond a simple freight shop window, one that would support us in automating interaction with our logistics partners,” Bunge logistics director Makoto Yokoo said.
Since its launch, the Vector app has almost entirely digitised Bunge’s contracting truck freight operations, accounting for 97% of the volume the company transported by road in Brazil today.