project44 announced Cooperative, what is said to be the first data-driven solution to increase transparency in the freight management process.
“The heart of our business is using the technology that serves as the industry’s connective tissue and the most accurate logistics data available to solve colossal supply chain problems that were previously thought to be unsolvable,” says Jett McCandless, founder and CEO at project44. “It’s exciting to co-develop this product with 3PLs and be the first to bring a valuable tool like Cooperative to market to enable 3PLs and carriers to overcome today’s capacity shortages and better serve their customers.”
- Cooperative by project44 was developed and tested with leading third-party logistics (3PL) providers and represents nearly 150,000 truckload carriers and more than 300,000 truckload shipments every week.
- Through the new Cooperative solution, 3PLs can gain real-time insight into terminating capacity and capacity that was previously hidden, cover more loads cost efficiently and automate processes.
- When 3PLs opt into Cooperative, they can query the entire pool to find out when and where terminating capacity will be available based on time, location, truck type and other criteria. The Cooperative API responds back with additional information such as the carrier identifiers, carrier names and contact information and data needed to track the load.