Transmar and Transmetrics Sign Deal for State-of-the-Art Logistics Collaboration
Big Data and Artificial Intelligence significantly boost the efficiency of the Egyptian shipping company.
Cairo / Egypt, Amsterdam / The Netherlands, March 25, 2021 – The ‘AI platform for logistics’, as Transmetrics is often referred to, is successfully streamlining operations at Transmar, a leading carrier of containerized cargo between Egypt and its key partners in the region. Transmetrics’ demand forecasting and predictive optimization platform is powered by artificial intelligence and machine learning algorithms.
With four decades of experience and a strong operational presence in Egypt, KSA, UAE, and Sudan, Transmar has built a solid reputation in the market, founded on family values that drive the company’s ambition to offer the best in class service to its customers. Transmar owns and operates a large fleet of both dry and refrigerated containers and serves thousands of customers and moves hundreds of commodities throughout the Middle East.
“We strongly believe in the power of Data. Transmetrics’ AI solution helps us leverage our 4 decades of operational experience, to make decisions both faster and smarter. As a regionally focused carrier, we are more exposed to volatility. We’re excited about the capabilities Transmetrics will provide by helping our team see up to 12 weeks into the future, ensuring we have optimum planning and repositioning plans” said Ahmed el Ahwal, Commercial Manager at Transmar.
In a recent study, the Boston Consulting Group (BCG) estimates that repositioning empty containers in the shipping industry costs €13 to 17 billion per year (US$14 – 19 billion), which adds up to 8% of a shipping line’s operating costs.
Transmetrics software provides daily rolling AI-driven forecasts for the next 10 to 12 weeks based on the cleansed historical data and relevant external factors influencing the demand. The planning and system optimization tools suggest an optimal and actionable plan for the repositioning of empty containers as well as storage for the next 12 weeks. This also takes into account all the related costs. Stevedoring, gate costs, etc. as well as other variables and business constraints. The system is equipped to consider repair and maintenance as cost variables which is now work in progress and being co-developed with Transmar.
“We are thrilled to announce this new partnership with Transmar. It goes to show that the AI revolution in logistics is happening worldwide. I look forward to the results we will achieve together with the great team at Transmar” said Jon Fath, CEO of Transmetrics. “This requires deep knowledge of logistics processes because it is still a very hands-on business. Big Data methods, which are used in our product, support our client’s team in finding smarter ways to reposition their assets so that the Transmar local agencies have the right amount containers available when they need it.“
“Transmetrics’ solution helped our team to more accurately allocate our assets. Its monitoring tools and automated forecast result in improved turntime of our assets. Actually, it is a Double Win: our customers benefit from even better services and our team gets state-of-the-art support from AI,” El Ahwal said.
Transmetrics and Transmar also identified a number of next steps to further increase the benefits of Transmetrics solutions such as cabotage management functionality and a management dashboard. The dashboard will include cost reporting and is expected to show how the supply chain will look like for the next 3 months due to its predictive capabilities. “After implementation, Transmetrics is still giving us very professional and pleasant customer service, being open for discussions on product enhancements and being always available for questions and corrections on the data or on the logic where it is needed,“ said Hossam Houta, Asset Manager at Transmar.
As a state-of-the-art AI platform developed exclusively for the Supply Chain, Transmetrics optimizes transport planning by leveraging the power of predictive analytics and machine learning. Transmetrics combines the strengths of humans with those of AI, ensuring the highest operational benefits, and reducing the environmental impact of logistics.
We’ve developed a unique approach for analyzing, modeling, and predicting transport flows with very high accuracy. Our unrivaled technology requires a rare combination of knowledge in multiple disciplines, something unique to Transmetrics. Our advantage comes from having strong experience in both the technical (Big Data and Predictive Analytics) and domain (Transport and Logistics) areas. Our products have brought significant benefits to the top-tier logistics companies worldwide that have experienced an up to 25% reduction in transport costs while increasing their fleet utilization up to 14% and maintaining high service levels. For more information visit www.transmetrics.ai
Transmar is a leading carrier of containerized cargo between Egypt and its key partners in the region. With four decades of experience and strong operational presence in Egypt, KSA, UAE and Sudan, Transmar has built a solid reputation in the market, founded on family values that drive the company’s ambition to offer the best in class service to its customers. Transmar owns and operates a large fleet of both dry and refrigerated containers and serves thousands of customers and moves hundreds of commodities throughout the Middle East.
IACC Holdings is a privately owned investment company with a focus on shipping and logistics. Origins trace back t 1979, when industry pioneer Mostafa El Ahwal founded International Associated Cargo Carrier (IACC), to be led today by Mohamed El Ahwal, who is considered the second generation with cooperation of the third generation of the family, Nada El Ahwal and Ahmed El Ahwal into a new era of distinction, growth and development.
Decades of being at the forefront of the Egyptian and regional make have poised IACC Holdings to take a leadership role in investing in, and developing the regional and global supply chain. IACC Holdings is an Egyptian company of origin that has proudly helped in graduating the cadres and leaders of the field today.
IACC Holdings comprises 4 wholly-owned subsidiaries operating across the Red Sea, East Africa and Arabian Gulf regions, offering integrated cargo services. The Holding Company’s portfolio includes: Transmar, a leading regional container line; Safina Shipping Services specialized in ship agencies and marine services; Transcargo International (TCI), stevedoring, warehousing and port services and IACC Logistics, integrated logistics services, that provides integrated logistics solutions, offering customized shipping, warehousing, freight forwarding, customs clearance, and distribution services supporting various industries with the best-in-class customer service backed up with rich expertise. Today IACC has over 400 employees operating across the region in 12 ports.