Trucknet will launch a pilot for the reduction of polluting emissions with the Army that holds the largest fleet of vehicles in the country. Winning the RFI is the result of Trucknet’s advanced technology and its wide experience in Europe in calculating emissions and reducing pollution from vehicles.
Remember that in March 2022, Trucknet signed a Letter of Intent with the United States Army to examine the integration of technology throughout the army’s logistics system around the world.
According to Mr Hanan Fridman, Trucknet CEO, “Trucknet’s technology is currently at the forefront of global efforts to reduce pollutants from fleet transportation. I am pleased that the IDF, the body with the largest transport fleet in Israel, is joining the global challenge for reducing emissions and that it has chosen to use a part of our system with proven knowhow, which is in use today in significant vehicle fleets in Europe.”
With the assistance of the platform we developed, we are able to connect a wide range of trucks and vehicle fleet management systems. We understand the requirements necessary for moving cargo and we can estimate emissions according to a planned route and even suggest a different and better route through professional navigation or use of another vehicle in the existing fleet; all done with the goal of creating smart matches between a truck and cargo. The number of empty trips is therefore reduced and the transport fleets are improved, becoming more efficient, while calculating and reducing the amount of carbon emissions for each trip. (This process could be used in the future for emissions trading.)
About the Company
Trucknet Enterprise is an “integration platform as a service” company. Its All-in-One digital, cloud-based platform enables transportation and logistics companies to reduce transport costs and save resources by optimizing shipments across all modes of transportation, through the use of Artificial Intelligence (AI), Business Intelligence (BI) and Machine Learning (ML).
The platform aims to establish a unique professional system in the area of shared transport. It includes customized management interfacing for drivers and end users, a smart BID system, automatic matching based on location between trucks and cargo, an easy and quick payment solution for the B2B market, and an online tool for calculating CO2 emissions of fleet vehicles.
Trucknet’s software interfaces with all the leading work scheduling (TMS- Transportation Management Systems) and telematics systems, or enables the integration of an original TMS system. Transport companies are provided with full visibility and optimization for fleet management, while using digital documentation (e-CMR), offering complete connectivity, monitoring and transparency.
Trucknet’s solution, customized for the needs of each client, enables automation and complete optimization for land transport for companies that manage commercial vehicle fleets as well as for customers receiving logistics services. Efficiency is improved, significantly reducing costs, and consequently increasing company profitability, together with a reduction in the service cost.
This shared ecosystem that connects trucks with cargo significantly reduces empty miles (mileage accumulated while driving with an empty container). As a result, the number of vehicles on the roads is reduced as well as harmful emissions, damage to the environment and traffic accidents involving trucks. This is accomplished by a user interface that automatically prioritizes available vehicles from one company with other transport and logistics companies by making a smart match based on location between empty trucks and available cargo. The data for trucks that travel empty (without cargo) in the world stands at 27% in Europe, 36% in the United States and 46% in Asia.
A 2021 survey carried out by TIAA-CREF (Teachers Insurance and Annuity Association – College Retirement Equities Fund) found that about half of investors currently hold socially responsible investment (ESG – environmental, social, and governance) portfolios, as they realize that the value of an impact investment is more than return alone. The solution offered by Trucknet is therefore an absolute WIN- WIN-WIN for any company that integrates and connects to its platform, as well as for the investor and, of course, for the environment.
Trucknet operates in the international transportation and logistics market, valued at about $19.36 trillion, and to date the company has approximately half a million trucks and about 5,000 companies registered from around the world.
Since its Initial Public Offer (IPO) on the Tel Aviv Stock Exchange in April 2021, the Company has signed a number of Agreements with noteworthy factories, companies and logistics organizations throughout Europe and the US, including operational Agreements with CS PPG Romania S.A., Saint Gobain, DSV, KYNITA, Hochland, Farmec, Carpatina BEVERAGES S.A. and more.
Trucknet was founded in 2016 by CEO Mr Hanan Fridman, and the company has more than 40 employees in offices in France, Romania and Israel.
