The EUFREX platform ensures that the trading process in private networks among forwarders are driven transparently and efficiently. The trading process is structured in the following steps.
A forwarder uploads supply or demand of capacity in a ‘vehicle offer’ or ‘freight offer’ respectively.
Our algorithm matches supply and demand based on capacity, detour, time-windows and vehicle type and presents the matching offers.
Our platform ensures that forwarders are notified about matches, price suggestions, payments, ratings etc.
For each match, the platform suggests a price that is based on the additional mileage in the vehicle’s detour. This can be the starting point for a price negotiation.
The payment conditions are agreed upfront and paid through the platform.
After each transport order, the two forwarding companies submit a rating and review of one another.