This announcement follows reports on Trucknet winning an RFI (Request for Information) published by the IDF (Israel Defense Forces) and on pilot projects with the US Army. It attests to the strength of the technology and the advanced AI capabilities of the Application and its compatibility with leading security bodies in the world.
According to Mr Hanan Fridman, Trucknet CEO, “Following the reports regarding the IDF’s selection, the leading logistics body in Israel, and the selection by the US Army, the leading logistics body in the world, to examine Trucknet’s services on their path to improving efficiency and reducing polluting emissions, today we are reporting on an official order from the Prime Minister’s Office (PMO), another well-known security institution. The PMO will join the list of organizations that have already tested, and are in the process of examining, the technology and platform we have developed and its uses for various requirements. It is a great honor for us to provide service and promote economic and environmental efficiency for the largest entities in the world of logistics. We call on additional companies to examine and test the advancements that can be achieved through the use of the technology we have developed”.
Israel 29 September 2022 (TA: Tran) Trucknet is honored to report that on 28 September 2022 an order was received from the Prime Minister’s Office for the use of the Trucknet platform as an App for special requirements, for a fee of NIS 105,300 for a period of six months. At the end of the six-month period, the Parties will discuss the necessary modifications to the Trucknet platform, if any should be required, and the related costs for this. The order is meant to be supplied on 27 October 2022.
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.
