Cargofy has created an artificial intelligence virtual assistant for its freight-matching service that the company described as a “Siri for truck drivers.”
Cargofy’s AI algorithm can analyze metrics such as supply and demand, price dynamics, seasonality, and road conditions in order to calculate the market price. The virtual assistant can use this information to help truckers search for nearby loads, generate documents, calculate routes, and save money through discounts on fuel, tires, maintenance and factoring fees. Using artificial intelligence, Cargofy hopes to transform the trucking industry by offering an AI-powered freight broker, which can do all the processes without human involvement.
“I know that driving a truck and making a decent living is not an easy job,” said Stakh Vozniak, Cargofy CEO. “Our mission as a company is to simplify their lives. That’s why our team created a 24/7 virtual assistant - kind of a "Siri for truck drivers."
The mobile app offers truckers access to freight loads based on location, available equipment, route, and shipment plans. The platform has a price calculation neural-net that can offer a fixed cost per mile that takes into account maintenance, leasing payments, depreciation, salaries, and profits for each driver. Cargofy’s service will make up the difference in compensation in regions where shippers pay a price below the CPM in order to help a truck driver know what wage to expect.
Based on a truck's status, location, parameters, and empty space, trucks can be automatically matched up to a load. Additionally, Cargofy has incorporated automatic generation of documents into the app so drivers can scan and sign documents while on the road.
The app includes order tracking so truckers don’t need to answer calls while driving from brokers wanting to check on their location. The Cargofy app tracks the GPS location using the driver’s smartphone, which allows shippers and brokers to know in real time exactly where an order is. The app also assists with payment control and reviewing, which can help independent truckers gain more credibility and ensure they are receiving payment for their deliveries, according to Cargofy.