project44 Enhances Rail Freight Visibility with Acquisition of Synfioo
project44, the leading supply chain visibility platform, today announced its acquisition of Potsdam-based Synfioo, provider of the most comprehensive visibility and ETA platform for rail freight data in Europe.
Through this deal, project44 has also extended its barge visibility for inland waterway segments across the continent.
Synfioo’s visibility and ETA capabilities are a natural addition to project44’s multi-modal visibility platform used by leading shippers, LSPs and carriers.
With Synfioo, project44 will provide customers with unrivalled end-to-end data to facilitate faster on-time deliveries and more accurate ETAs, as well as low-carbon rail and barge shipping in Europe.
Market-leading rail freight visibility
Marian Pufahl, former CEO & co-Founder of Synfioo said: “Europe’s rail infrastructure was developed nearly 200 years ago and was not built for the cross-border trade that exists today.
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“Our platform brings together a proprietary infrastructure network and freight forwarder information to offer the most comprehensive rail freight data for Europe. Now as project44, we will continue to drive data harmonisation between the various rail networks and provide unrivalled visibility to our customers.”
Through the acquisition, project44’s European rail network now provides the following capabilities:
Comprehensive visibility of all cargo rail movements across European countries
IoT-enabled rail tracking combined with proprietary data, and direct integration to all of Europe’s rail infrastructure networks for granular visibility
Visibility of over 99% of European rail volume, including wagon-level tracking for 90% of rail cars, to ensure visibility for every customer shipment
Intermodal end-to-end rail data combined with machine learning algorithms offering the most precise rail journey ETAs and customer delivery times
Enhanced barge visibility
project44 has also enhanced its barge visibility capabilities as part of this acquisition, to provide granular, accurate visibility of vital inland waterway segments across Europe.
Customers can now harness specialised data science techniques, combined with real-time satellite tracking, to ensure the most accurate visibility of inland waterways.
“By acquiring Synfioo, we’ve not only expanded the breadth and depth of our visibility platform, but also added European tech talent and expertise to our rapidly growing international team, which is now well over 400 exceptional team members,” said Renaud-Houri, EVP International at project44.
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