Project44, the market leader in supply chain visibility, announced the acquisition of Synfioo, a Potsdam-based provider of Europe's most complete visibility and ETA platform for rail freight data. Additionally, project44 increased its barge exposure for interior waterway segments throughout the continent due to this transaction.
Synfioo's visibility and ETA capabilities complement project44's multi-modal visibility platform, which premier shippers, logistics service providers, and carriers utilize. With Synfioo, project44 will be able to give consumers unmatched end-to-end data, enabling quicker on-time deliveries and more precise ETAs and low-carbon rail and barge transportation across Europe.
Visibility of market-leading rail freight
"Europe's rail infrastructure was developed nearly 200 years ago and was not built for today's cross-border trade, Our platform brings together a proprietary infrastructure network and freight forwarder information to offer Europe the most comprehensive rail freight data. As project44, we will continue to drive data harmonization between the various rail networks and provide unrivaled visibility to our customers."
-Marian Pufahl, former CEO & co-Founder of Synfioo
Through the acquisition, project44's European rail network now provides the following capabilities:
Complete visibility of all freight rail movements across Europe
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Train tracking provided by the Internet of Things in conjunction with proprietary data, as well as direct connectivity with all of Europe's rail infrastructure networks for granular visibility
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Over 99 percent of European rail traffic is visible, including wagon-level tracking for 90 percent of rail cars, ensuring visibility for every client cargo.
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Intermodal end-to-end rail data paired with machine learning algorithms provide the most exact ETAs and customer delivery timeframes for train journeys.
Improved barge visibility
Additionally, as part of this purchase, project44 expanded its barge vision capabilities to deliver detailed, precise visibility of critical inland canal segments across Europe. Customers may now use advanced data science approaches with real-time satellite monitoring to ensure inland waterways' most clear visibility.
The key features are:
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Intelligent asset matching system that expands visibility coverage by tracking individual barges in real-time without needing conventional identifying information
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Dynamic routing models with precise arrival times, as well as multimodal end-to-end operations, including barge segments
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Advanced water depth modeling and inland waterway data sources that allow carriers to determine load capacity, maximize on-time deliveries and reduce delays for shippers and LSPs
"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, Shippers, LSPs and carriers aren't alone in navigating the complex European market, with project44's platform making it easier than ever to improve ETAs, reduce costs, maximize on-time deliveries and mitigate bottlenecks. Most importantly, this level of visibility will help more companies to harness sustainable, low-carbon rail and barge shipping, which will play a vital role in helping Europe meet its net-zero ambitions."
-Renaud-Houri, EVP International at project44.