Members of the Transport Exchange Group (TEG) freight exchanges are running empty on just 9% of journeys – way below the national average of around 28%, according to TEG’s newly appointed head of business development Simon Bunegar.
TEG has agreements with 10 of the leading telematics companies to integrate location and other data on members’ vehicles into the exchange, enabling hauliers to see where their sub-contractors’ vehicle and loads are at any time.
This gives them more confidence to commit their customers’ loads to other members of TEG’s Haulage and Courier exchanges, reducing empty running and improving efficiency and profitability.
“Members can see where each others’ vehicles are when they’re doing a job for them which is a really big deal,” Bunegar told Motortransport.co.uk.
“The cost of tracking has been hard for small fleets to justify, but now they can be part of a big fleet when it suits and be on a par with them. Equally the big fleets now know now where their subbies are instead of just waiting to hear that a delivery has been made.”
