press release of 9 July 2019
GEFCO Group, a global expert in supply chain solutions and a leader in automotive logistics, announced today the acquisition of Chronotruck, a company that connects shippers and carriers through an innovative digital platform. This acquisition supports GEFCO’s strategy of leveraging new technologies to enhance the customer experience and offering fully digitalized services to meet the needs of current and future logistics ecosystems.
Launched in 2016, Chronotruck’s ambition is to offer the best platform for businesses to order shipments, while reducing empty journeys for carriers. For businesses, Chronotruck offers access to nearby carriers and an innovative portfolio of digitalized services, including an instant quotation system, geotracking and proof of delivery and e-invoicing. For carriers, the digital platform offers an opportunity to optimize flows by taking nearby loads to ensure trucks can run at full capacity. To date, Chronotruck has served more than 9,000 customers.
GEFCO brings solid know-how in high-volume and integrated logistics, while Chronotruck provides agility, technical knowledge and accessibility to boost innovation throughout the customer journey. Chronotruck will remain an independent entity and brand within GEFCO.
We are pleased to welcome Chronotruck’s employees and innovative solutions into GEFCO’s growing portfolio of flexible, smart services. Chronotruck’s expertise will help us achieve a step change in our customer processes and improve their experience through digitization. Our partnership will also help reduce our environmental footprint to ensure that trucks are operating at full capacity.
This is a fantastic opportunity for Chronotruck. Today, Chronotruck mainly operates in France but we look forward to leveraging GEFCO’s powerful network, strong geographical presence and access to new customers, from consumer goods to industrial manufacturers. I am convinced our combined strengths will create a powerhouse solution for shippers and carriers that adds real value.
GEFCO is the world leader in complex supply-chain solutions and the European leader in automotive logistics. Building on 70 years of expertise and a 13,000-strong workforce, GEFCO designs smart, flexible solutions to meet the most complex supply chain challenges in all industry sectors. Present in 47 countries, with a strong global network of partners, GEFCO serves 300 destinations worldwide. In 2018, the Group generated revenues of €4.6 billion.