IRTEX

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IRTEX is the best online platform provided by two graduates from IIT-B to connect transporters from different parts of the country to the customers.It was incepted in early 2007 and its revenues touched 3.5 crore in first year of its operations.IRTEX stands for Indian Roads & transportation exchange.The idea is to bring all the stakeholders of the road freight industry like shippers, booking agents, transport houses and the companies on to a common platform.Limitations in the road transport ecosystem, such as the limited reach of transporters, logistics managers and booking agents, lack of authenticated information such as truck records and absence of easy freight and fleet availability for mid-size and small companies, prompted the founding of Irtex in January.

Suppose a shipment is lying at the airport and a service provider is looking for a truck to move it, he says—it may take 12 hours to arrange the transport through an agent or broker.

Now the service provider has the option of going to the Irtex website, filling a form with details such as the type of cargo, the route, destination, day and time for the cargo to be moved. The user’s needs would be matched with the list of agents/transport houses registered with the site. The user can then choose the most suitable agent.Apart from a website, Irtex offers a cellphone-based service and operates a multilingual call centre. It’s a multi-technology product since we have to cater to different kinds of people like local brokers and truck drivers who are not well versed with technology.Such freight exchanges are common in developed markets. Teleroute.com SA is a leading freight exchange in Europe, handling upwards of 200,000 real-time daily freight and vehicle offers and initiating around 1.2 mt daily deliveries.Mehta(one of the co founders) has a word of caution to add. “Even today you can’t expect overnight success,” he says. “There is no large player in this segment which can drive change, so the effort to make people adapt to the exchange will be enormous.”For more information log in to:-

www.irtex.in

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One Comment

  1. PRADEEP KUMAR GARG says:

    idea is good.I have one 12 tyre ( 20 tonne loading capacity ) truck tata make.pl suggest work in west UP .Wright now the truck is loading coresand ans gravel.Regards,Pradeep K Garg

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