LiteLink Technologies Inc. (CSE:LLT) (OTCMKTS:LLNKF) has launched PerfectRoute, a delivery route planning and fleet optimization solution for all types of vehicles designed for last-mile delivery, powered by the 1SHIFT Logistics platform.
In a statement, the firm, a key player in logistics and payment solutions, pointed out that the global route optimization software market is expected to reach US$5.07 billion by 2023, compounded by increasing pressure to lower the costs of transportation and logistics.
READ: LiteLink Technologies unveils new strategic tie-up with Segra International for cannabis tracking
It pointed out that route optimization will be provided to enterprise customers via Litelink’s flagship 1SHIFT platform, but also as a standalone offering in a simple monthly subscription format under the second brand ‘Perfect Route,’ guaranteeing the best route for any delivery to achieve the lowest delivery costs.
1SHIFT’s route and truck optimization features will be available to the mass market this quarter in 2019, the group said, adding that customer trials are currently taking place.
Shanila Karim, head of 1SHIFT Customer Success commented: “While onsite with a customer implementing our flagship platform 1SHIFT Logistics, we noticed the time and effort being spent each day manually figuring out how many trucks and customer orders were required for planned truck routes. It is clear the owners are very reliant on two critical resources and an array of manual steps.”
PerfectRoute is a true self-service Software-As-A-Service (SaaS) offering from Litelink focused on user simplicity and immediate response of the best fit optimized route to take.
To access the feature, any user can upload any number of pickup and drop-off locations, and simply click ‘Optimize’ to generate the most efficient planned route to take, the company said.
The key differentiator is a ‘truck optimizer feature’ that estimates how many trucks are required to ship all customer orders, minimizing wastage and costs, it added.
Helping last-mile delivery businesses
LiteLink CEO Ashik Karim said: “We are very excited about the launch of our new product PerfectRoute, which will solve some of the key biggest challenges faced by last-mile delivery businesses.”
“Litelink can continue to focus on rolling out 1SHIFT Logistics to enterprise clients, and now capture even a larger market with a subscription-based high-value solution like Perfect Route,” he added.
LiteLink develops world-class enterprise platforms that utilize artificial intelligence, blockchain, and predictive analytics to solve fragmented and outdated technology problems in the logistics and digital payment industries.
Contact the author at [email protected]