System and method for facilitating one or more freight transactions

A method for facilitating one or more freight transactions, the method comprising:

• receiving, by one or more hardware processors, data representative of freight transaction from one or more users via one or more external sources, wherein the data representative of freight transaction comprises:
• one or more queries of the one or more users, one or more instructions from the one or more users and labelled data, wherein the one or more users comprise:
• one or more freight forwarders, one or more shippers and one or more carriers and wherein the one or more external sources comprise:
• virtual assistant, web browser and messaging platform;
• extracting, by the one or more hardware processors, one or more details from the received data representative of freight transaction based on one or more transaction parameters by using one or more natural language processing techniques, wherein the one or more details comprise:
• location of the one or more users, one or more instructions associated with the one or more users and one or more price parameters associated with the one or more users;
• applying, by the one or more hardware processors, freight transaction based Artificial Intelligence (AI) model on the extracted one or more details;
• generating, by the one or more hardware processors, one or more pricing quotes for the one or more freight forwarders corresponding to one or more freight transactions based on result of applying the freight transaction-based AI model on the extracted one or more details;
• and
• outputting, by the one or more hardware processors, the generated one or more pricing quotes corresponding to the one or more freight transactions on graphical user interface of one or more electronic devices associated with the one or more users.

A non-transitory computer-readable storage medium having instructions stored therein that, when executed by a hardware processor, cause the processor to perform the method steps comprising:

• receiving, by one or more hardware processors, data representative of freight transaction from one or more users via one or more external sources, wherein the data representative of freight transaction comprises:
• one or more queries of the one or more users, one or more instructions from the one or more users and labelled data, wherein the one or more users comprise:
• one or more freight forwarders, one or more shippers and one or more carriers and wherein the one or more external sources comprise:
• virtual assistant, web browser and messaging platform;
• extracting, by the one or more hardware processors, one or more details from the received data representative of freight transaction based on one or more transaction parameters by using one or more natural language processing techniques, wherein the one or more details comprise:
• location of the one or more users, one or more instructions associated with the one or more users and one or more price parameters associated with the one or more users;
• applying, by the one or more hardware processors, freight transaction based Artificial Intelligence (AI) model on the extracted one or more details;
• generating, by the one or more hardware processors, one or more pricing quotes for the one or more freight forwarders corresponding to one or more freight transactions based on result of applying the freight transaction-based AI model on the extracted one or more details;
• and
• outputting, by the one or more hardware processors, the generated one or more pricing quotes corresponding to the one or more freight transactions on graphical user interface of one or more electronic devices associated with the one or more users.