Trucknet Enterprise developed a cloud-based All-in-One Platform using artificial intelligence (AI), business intelligence (BI), and machine learning (ML) for efficient and digitalized management of supply chain and transport processes. It offers cross-company automatic matching based on location, including an easy and quick payment solution for the B2B market. The system includes an online tool for calculating carbon emissions.
Trucknet’s Platform enables transportation and logistics companies to significantly minimize empty journeys. The system automatically prioritizes available vehicles with other transportation and logistics companies, by making smart matches between empty trucks and cargo.
Trucknet’s solution offers full automation and road transport optimization for companies that manage commercial vehicle fleets and for customers of logistics services. The company’s solution provides opportunity for saving resources, improving efficiency and profitability, reducing service costs, decreasing the number of empty trucks on the roads and for reducing emissions that are harmful to the environment.
The company aims to establish a unique professional system in the area of shared transport. Trucknet’s software Platform interfaces with all leading work scheduling systems, TMS and leading telematics systems. Transport companies can improve and optimize vehicle fleet management and sharing of resources, by mutual use of digital documents (without the need to print). Trucknet has developed interfaces for the driver and for the end customer offering complete connectivity, monitoring and transparency as well as providing solutions for payment through the system.
Trucknet operates in the international transportation and logistics market, which is valued at about $19.36 trillion. As of 2020, the company has approximately half a million trucks connected from some 4,000 companies. Data from the world on empty trucks: in Europe 27% of trucks on the road run empty, in the United States 36% and in Asia 46%.
Trucknet conducted a joint pilot project with the Renault Group during October 2020, in which a connection was made to Renault’s bid system that tenders each work order. Through the system, contractors were identified on the basis of their location in relation to Renault’s requests. The pilot proved that connection to Trucknet’s Platform led to improvement in the efficiency and profitability of logistics services by 17%. In addition, it brought savings of up to 115,000 euros in two weeks for 268 trips out of a total of 371 (68% success rate).
The results of the pilot demonstrated the Platform’s ability to improve efficiency and save transportation costs for logistics companies. This is due to the fact that the Trucknet Platform adjusts shipping orders for (transport) contractors, based on their geographical proximity to the location of the cargo, thus, allowing them to submit lower price proposals and save costs.
The company, established in 2016 by CEO Mr. Hanan Fridman, employs about 40 people spread across offices around the world. Trucknet has signed agreements and pilot projects with leading companies in Israel and the world, including DSV, La Poste, DPD, Chronopost, Allcargo, Israel Post and more.