The client will pay a total of 3.5 Euros for each time they use the BID services (digital transport tender) of the Trucknet platform;
For every smart match made through the Trucknet platform, the Company will charge the contractors, registered in the system, a total of 5% of haulage costs.
According to Hanan Fridman, CEO and founder of the Company, “Trucknet continues to implement its strategy for recruiting manufacturers and suppliers who are looking for changes in logistics in order to optimize, while integrating digital measures. The global tire market is in need of logistics services for shipments. Trucknet today is launching its entrance into this strategic area; a field that can enhance the distribution of our solution in this growing market centered on subcontractors. The online system we developed enables subcontractors, factories and distributors to improve efficiency of their working methods and to cut supply chain costs, thereby reducing CO2 emissions of vehicle fleets.”
June 1, 2022 Israel (Tel Aviv: Tran), Trucknet announces that the fully owned subsidiary of the company in France has entered into an Agreement with Societe MP SA, a French company, for the use of the Trucknet platform for a period of one year beginning 13 June 2022, including a 30-day paid trial period. The period of the Agreement will be automatically extended following the first year, unless the client notifies 60 days in advance his wish to terminate the Agreement.
The client will pay a total of 3.5 Euros for each use of BID services (digital tender) within the Trucknet platform. In addition, for each smart match carried out through the Trucknet platform, the Company will receive a total of 5% of shipping costs from the transport contractors registered in the system.
About the Company
Trucknet Enterprise provides an ALL-IN-ONE digital, cloud-based platform that 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.
