Transport Exchange Group opens North American subsidiary

British trucking technology provider Transport Exchange Group Ltd. has launched a Canadian subsidiary to provide online freight visibility services to North American carriers, brokers, and third party logistics providers (3PLs), the company said Thursday.

London-based Transport Exchange Group makes cloud-based freight collaboration tools for the road transport industry and operates the U.K. freight exchanges Haulage Exchange and Courier Exchange. The firm also operates CX Euro, a wholly owned subsidiary that provides similar transportation collaboration solutions for Europe from its headquarters in the Netherlands.

The company has now opened CX North America Information Services Inc. (CX North America) in Tecumseh, Ont., just across the border from Detroit.

By opening a Canadian subsidiary now, the firm says it can provide transportation industry firms with the tools they need to adjust to major changes sweeping the trucking industry, from Amazon.com Inc.'s expansion into providing logistics services to Uber's establishment of an Uber Freight division and acquisition of autonomous trucking firm Otto.

"CX North America gives firms the ability to keep track of their freight, drivers, and partner carriers in real time from first customer contact to proof of delivery, and achieve the highest return possible from their business assets," Lyall Cresswell, president and CEO of CX North America, CX Euro, and Transport Exchange Group, said in a release. "Our tools also help maximize fuel usage and decrease carbon emissions through the strategic use of resources."