Coda chief executive Scott Brownlee (left) and TNX managing director and co-founder Jonah McIntire (right).
Freight matching platform TNX has announced the launch of its first long-term domestic partnership with New Zealand’s leading freight management business, Coda Group.
TNX will provide transport optimisation and vendor management, allowing Coda to better utilise assets and reduce truck movements to improve freight flows nationally.
TNX managing director and co-founder Jonah McIntire said TNX optimisation had the potential to drive significant change in the freight sector in New Zealand.
“Our vision is to enable supply chain strategies, for retail and manufacturing cargo flows, that are simply not seen today. Our work with Coda will showcase what technology can mean for transport. Sector participants are already taking notice, both here and internationally,” he said.
Coda chief executive Scott Brownlee said their aim was to remove waste from the domestic logistics network.
“We see TNX as the cornerstone in our digital strategy to support this. By partnering with TNX we will deliver fresh and innovative supply chain solutions to provide better matching of freight flows up and down the country and bring greater value to our customers and logistics partners.”
Brownlee said TNX would provide a solution to empty running and increase utilisation of trucks nationwide.
“We will continue to leverage the opportunities TNX has created on their open-spot market platform that already successfully allows us to find transport capacity and match cargo on a daily basis.”
He said a key strategy that allowed Coda to deliver sustainable benefits to the national supply chain was their growing network of intermodal freight hubs.
“Rail-served hubs will fundamentally change how we move freight around New Zealand, by providing easier access to rail and creating more effective hub and spoke operations in key locations around the country. Technology is a key enabler to bring this new intermodal network to life and we believe TNX is the right technology partner to help us on this journey.”
Coda’s TNX software development kicks off in September, with implementation to be rolled out over the next 10 to 12 months.