Homegrown company to revolutionise global logistics with digital platform - Details

Home-grown logistics company FreightJar is set to revolutionise global logistics with the launch of the Beta version of FreightJar - a proprietary platform of Tiger Logistics. According to the company, the digital logistics platform will focus on the global market i.e. overseas importers, exporters and overseas logistics companies.

It is worth mentioning that the company launched FreightJar in April, 2023. 

"In the Beta Version, the company is making provisions that the international importers and exporters can directly access freight rates from India to various part of the world and vice-versa and they can book shipments online," the company said in a statement.

According to the company, the feature of direct booking for shipments will make the entire process more convenient and will enhance efficiency.

"We eagerly anticipate the positive impact this Beta version launch will have on the international trade community and the subsequent benefits for our stakeholders," the company said.

The existing digital platform not only makes the entire process hassle-free but also provides access to better freight rates and more transparency to the overall logistics cost. 

Meanwhile, India's logistics costs have fallen to 8.9 per cent of gross domestic product (GDP), as better infrastructure created by higher government expenditure on highways, ports and digitisation has speeded up the movement of cargo.

The report 'Logistics Cost in India', authored by National Council of Applied Economic Research (NCAER), said logistics costs including transportation, warehousing, insurance and administrative charges had come down thanks to improvements in road network, tax reforms and digitisation of supply chains.

The logistics costs were down in the range of 7.8 per cent to 8.9 per cent of GDP in 2021-22, compared to 8.8 per cent to 10 per cent of GDP in 2012-13, according to Poonam Munjal, lead author of the report.