Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Fresh technology approach to NZ supply chain

TNX and Coda Group to bring fresh technology approach to New Zealand supply chain

Tuesday 22 August, 2017 - Innovative freight matching platform TNX today 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 around New Zealand.

TNX Managing Director and co-founder, Jonah McIntire said: "TNX optimisation is unique because it is optimising across the community. It is about win-win arrangements. Applying our algorithms and approach across the scale of cargo offered by our customers has 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: "Our aim is to remove waste from the domestic logistics network and 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.

"TNX will provide a land transport optimisation solution that will make the most optimal road transport decisions to remove empty running and increase utilisation of the trucks moving around the country. 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.

"A key strategy that allows Coda to deliver sustainable benefits to the New Zealand supply chain is our 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," he said.

Coda's TNX software development kicks off in September, with implementation to be rolled out over the next 10 to 12 months.


ENDS


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Statistics: Food Prices Increase 7.4 Percent Annually
Food prices were 7.4 percent higher in July 2022 compared with July 2021, Stats NZ said today... More>>



REINZ: Market Activity And Prices Continue To Ease, First Home Buyers Start To Return To The Market

New Zealand’s winter property market continues its recent trend, slowing from the pace of sales and price rises of last year — properties stay on the market longer and median prices dip... More>>

FMA: Cigna Admits Making False And Misleading Representations
Cigna Life Insurance New Zealand Limited has admitted to making false and/or misleading representations to customers in proceedings brought by the Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko... More>>



Retail NZ: Welcomes Return Of Cruise Ships

“Cruise visitors were big spenders in retail prior to COVID-19, and retailers in Auckland will be celebrating the arrival of P&O’s Pacific Explorer this morning... More>>



ASB: Full Year Results: Building Resilience Today And For Our Future

In its 175th year, ASB has reported a cash net profit after tax of $1,418 million for the 12 months to 30 June 2022, an increase of $122 million or 9% on the prior year... More>>


Commerce Commission: Draft Determination On News Publishers’ Association’s Collective Bargaining Application
The Commerce Commission (Commission) has reached a preliminary view that it should allow the News Publishers’ Association of New Zealand (NPA) to collectively negotiate with Meta and Google... More>>