Tiger Logistics unveils freight booking & management platform FreightJar

The BSE-listed logistics company Tiger Logistics has launched its proprietary product ‘FreightJar’ – a digital freight booking & management platform.

“Aligned with the country's forward movement through Make In India & PM Gati Shakti, Tiger Logistics has unveiled FreightJar to support India's trade competitiveness in the global market and enable the reduction of logistics costs,” the press release reads.

FreightJar aims to revolutionize the way exporters and importers manage their shipping requirements and improve their operational efficiency. It solves and addresses existing challenges in the supply chains by providing access to better freight rates and introducing seamlessness to the overall supply chain operations. The digital platform will bring transparency to the overall logistics cost by bringing in all stakeholders involved in the logistics chain under one platform.

With FreightJar's mantra "It's easy," an enterprise can save a total of up to 3-5 working days in booking their freight and avoid the hassle of writing around 30-40 emails per shipment. This not only reduces logistics costs and saves time, but also allows them to go sustainable in their global supply chain operations by reducing their carbon footprint.

Harpreet Singh Malhotra, chairman & managing director, Tiger Logistics said, "We have developed FreightJar from grounds up to revamp our go-to-market approach and cater to India's growth in export volume. Overall, the goal of FreightJar is to help enterprises dealing with exports and imports reduce their logistics cost, save time, and experience a stellar customer experience to bring operational efficiency to their supply chains."

The platform provides a comprehensive, user-friendly solution to make it easier to search for real-time freight rates, book freight instantly, automate documentation, and track shipments for enhanced accessibility, visibility, and transparency in supply chains.

FreightJar also offers and facilitates Cargo Value Financing solutions for Exporters, allowing them to manage cash flow and apply for collateral-free financing options.

With the rapid growth witnessed by Y-o-Y at Tiger Logistics, the company aims to bridge a gap in the market that can be filled with an extensive digital freight booking & management platform. With this launch, Tiger Logistics plans to increase its revenue and open its doors to untapped market segments such as SME & MSME exporters and importers.

According to a BCG Report, automating manual processes now can reduce certain back-office and operations costs by up to 40%, while digitizing significant parts of the sales process could reduce related direct costs even more. As of 2022, the Indian digital freight forwarding market was valued at around USD 311 million and by the year 2027, the industry is projected to reach USD 925 million (approx.)