Rivigo Freight has been solving pressing issues in the traditionally broker led road freight marketplace of the country in three ways. First, by bringing price transparency to fleet owners and transporters through the Rivigo Rate Exchange. Before Rivigo Rate Exchange (RRE), there was no single platform to view freight prices and transact on more than 7 million lanes (origin, destination pairs) and vehicle type combinations in the country. Secondly, by providing supplier quality assurance through our algorithmic supplier quality engine. Thirdly, by offering a digital, hassle-free experience to users of our platform to manage their operations with features like cashless fuel filling, easy FastTag recharge.
Until now there has been no aggregate measure of the movement of spot prices in the road freight market in the country. Through National Freight Index (NFI) we solve this problem. It is analogous to how NIFTY and Baltic Dry Index represent aggregated views of the stock price movement listed on NSE and dry bulk sea freight market respectively.