EmptyTrips is a digital logistics marketplace that offers a suite of smart, on-demand logistics services. The platform offers Freight Open Exchanges (FOX) for the four modes of transport, namely: RoadFOX (live), RailFOX (launching in 2 weeks), SeaFOX (to be launched), and AirFOX (to be launched). Cargo owners and carriers are matched seamlessly through algorithmic matching of deckspace and cargo as well as via online bidding. In addition to the above freight exchanges, EmptyTrips offers its users access to Africa's first instant, online cargo insurance solution, SureFOX: after a user submits information about the cargo that is to be insured (such as the type of goods category, departure/arrival locations, and the cargo value), SureFOX uses a risk matrix to determine an insurance premium for the user's cargo within seconds.
Of all of the above services offered by EmptyTrips, the Rail Freight Open Exchange is the source of most excitement to the team. Global Transport & Logistics is the victim of poor asset utilisation and empty space to the tune of $2,4 trillion. It is widely known that rail freight, specifically African rail, accounts for a significant portion of this staggering amount. In the highly fragmented and largely inefficient sector that is Transport & Logistics, EmptyTrips's combination of an efficient 360-degree logistics procurement and management system with its democratised rail freight exchange is what will unlock the boundless potential in African rail logistics. This vision, as lofty as it may be, is what inspires us to innovate further!