Executive Briefings

DHL Launches Virtual Freight Marketplace CILLOX

DHL has announced the market launch of CILLOX, the online platform that matches full truck load (FTL) and less-than-truckload (LTL) shipments with available transportation providers.

The news comes two months after the express, transport and logistics arm of Deutsche Post DHL Group bought the platform, which has the ability to lock in rates in less than 1.5 hours, according to the company.

CILLOX, under DHL’s auspices, will provide instant access to suitable transport providers for cargo. The platform, DHL said, is designed to eliminate price negotiations and the hassle of shopping around for deals and services. Pricing information is calculated based on shipment characteristics, availability of trucks and last-booked rates.

Amadou Diallo, CEO of DHL Freight, explained late last year that the digitalization of the logistics industry and disruption the traditional road freight business was already well under way, and that the CILLOX purchase marked DHL’s commitment to the market. Many smaller companies have been pushing similar products for years now, so, as a major player in freight, DHL is seeking to capture this momentum.  Diallo added that, “The launch of the platform is a result of our Strategy 2020 and promotes further growth due to its innovative and agile business model.”

Commenting on the launch, Diallo said that DHL will, “continuously evolve the platform according to user needs and feedback.” He added that he was “confident we will shake up the freight forwarding business, and the digital transformation of our industry will benefit all parties involved.”

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The news comes two months after the express, transport and logistics arm of Deutsche Post DHL Group bought the platform, which has the ability to lock in rates in less than 1.5 hours, according to the company.

CILLOX, under DHL’s auspices, will provide instant access to suitable transport providers for cargo. The platform, DHL said, is designed to eliminate price negotiations and the hassle of shopping around for deals and services. Pricing information is calculated based on shipment characteristics, availability of trucks and last-booked rates.

Amadou Diallo, CEO of DHL Freight, explained late last year that the digitalization of the logistics industry and disruption the traditional road freight business was already well under way, and that the CILLOX purchase marked DHL’s commitment to the market. Many smaller companies have been pushing similar products for years now, so, as a major player in freight, DHL is seeking to capture this momentum.  Diallo added that, “The launch of the platform is a result of our Strategy 2020 and promotes further growth due to its innovative and agile business model.”

Commenting on the launch, Diallo said that DHL will, “continuously evolve the platform according to user needs and feedback.” He added that he was “confident we will shake up the freight forwarding business, and the digital transformation of our industry will benefit all parties involved.”

Read Full Article