Initial income for Trucknet from the system it developed.
After half a year of using the system free of charge, Saint-Gobain Romania will continue to use the platform developed by Trucknet and begin paying for the service.
Saint-Gobain Romania is part of an international group operating throughout Europe in Spain, Italy and France and will use Trucknet’s system for generating smart matches between cargo and available space in trucks, thereby improving efficiency and profitability for companies.
Following successful integration in Romania, the components of the system will be expanded to additional countries in Europe. It is estimated that Saint Gobain operates hundreds of thousands of trips a year across Europe.
According to Mr Hanan Fridman, CEO and founder of the company: “Saint-Gobain’s decision to continue using the Trucknet platform for a fee for another 3.5 years and to integrate our system in the company’s additional factories demonstrates the trust they have in the technology we have developed. It shows there is a need in the world for the efficiency and profitability that the use of our system can provide.
This is a strategic agreement for us, as Saint-Gobain Romania is part of an international group operating throughout Europe. Saint-Gobain runs about eight glass factories in Romania. Trucknet’s platform has already been integrated in three of the company’s factories and the system is expected to be integrated in the remaining factories in Europe during the coming year.”
Israel, July 8, 2021 – (Tel: Tran) Trucknet that developed a platform enabling smart matching between available capacity in trucks with cargo, in order to improve the efficiency and profitability of companies, announces today that a message was received from Saint-Gobain Romania that they intend to continue using the Trucknet platform for an additional period of 3.5 out of the 4 years already signed. To recap, the first six months were free of charge, after which the client could decide to continue using the Trucknet platform for a fee, at the rates specified in the Agreement signed earlier this year, and to integrate the system in additional factories.
Saint-Gobain Romania is part of an international group operating throughout Europe, and the company runs eight glass manufacturing factories in Romania, three of which have integrated the Trucknet system. During the coming year, the platform is expected to be integrated in the remaining five plants.
It should be noted that there is no commitment on the part of the client regarding the number of trips carried out through use of the Trucknet platform or regarding integration in additional factories. This information is based on the Company’s subjective evaluations.
About the Saint-Gobain Group
Saint-Gobain Romania is part of an international group operating across Europe. Over 75% of sales are carried out in the construction market, mainly for new building and residential renovation; Saint-Gobain is also active in industrial markets. The group provides its expertise in the areas of innovation and development through use of a wide range of high-performance materials for demanding applications in diverse sectors, such as automotive, aeronautics, health, safety and security and even the food and beverage industries.
Link to the Saint-Gobain Group website: https://www.saint-gobain.com/en
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.
