KYNITA will pay the Company approximately 5 Euros for each delivery planned and carried out via the Trucknet Platform.
Additionally, KYNITA will pay an additional amount of 5% of the freight price for any smart match created by via Trucknet Platform’s automated smart match function.
According to Hanan Friedman, “Our goal is to reach as many clients in Europe as possible, and in various fields, who use haulage sub-services, and the great advantage of being familiar with Trucknet’s unique system and solution. Currently we have signed an agreement with a company in Romania which performs hundreds of annual transportations.
Israel January 19, 2022, (T.A.: Tran) Trucknet, Trucknet is pleased to announce that it has today signed an agreement with Romanian Company SRL KYNITA, for the use of the Trucknet Platform for a period of one year, as of 1.2.2022, of which 30 days shall be considered as a trial period, without consideration. The term of the agreement will be automatically renewed for additional periods of one year at a time unless a Party to the agreement notifies the other Party of non-renewal.
Following the trial period, the Client will pay a total amount of approximately 5 Euros for use of the Trucknet Platform for each delivery order secured via the Company’s platform, in Romania or internationally.
Moreover, the Company has been informed that following the trial period, an addendum to the Agreement will be signed. Under this addition, the Company will charge freight contractors registered in the system a total of 5% of the freight price of smart matches made via the Trucknet Platform.
To the best of the Company’s knowledge, the Client is a manufacturer of thinners, solvents, adhesives, disinfectants, and other solutions in the chemical industry while focusing on the automotive industry, and the Company estimates hundreds of haulages are required each year.
In the Agreement, the Client undertook to inform the related haulage service providers of its use of the Trucknet Platform and to assist in communicating with them for their registration on the Company’s Platform.
About the Company
Trucknet Enterprise provides a green, cloud-based ALL IN ONE digital platform, enabling haulage and logistics companies to reduce transportation costs and save resources by optimizing freight deliveries via all modes of transportation through Artificial Intelligence (AI), Business Intelligence (BI) and Machine Learning (ML). The Platform offers an online tool for calculating CO2 emissions from vehicle fleets and smart automated Matching capabilities between trucks and cargo, based on location, which includes a fast, user-friendly payment solution for the B2B market
The Trucknet Platform enables haulage and logistics companies to minimize empty journeys by automatically prioritizing available vehicles with other companies in the field of transportation and logistics, while making “smart matches” between empty trucks and cargo, based on location.
Trucknet’s solution enables automation and optimization of land transport for companies managing commercial vehicle fleets and consumers of logistics services to significantly streamline and reduce costs, thereby improving companies’ efficiency and profitability, reducing service costs, reducing the number of empty trucks on roads, and reducing pollutant emissions, harm to the environment and helps reduce the number of road accidents involving trucks. Data from the Central Bureau of Statistics show that heavy vehicles are involved in 30% of road accidents, and the rate of pedestrians killed by heavy vehicles, trucks and buses in urban areas stands at 23%.
The Company aims to establish an exclusive professional system in the field of smart cooperative transportation. Trucknet’s software platform interfaces with all leading workflow systems – TMS and telematics systems, thus enabling haulage companies to improve and optimize vehicle fleet management and resource sharing, using digital documents (without the need to print them). Trucknet has developed management interfaces tailored to meet drivers and end customer requirements, enabling full connectivity, monitoring and transparency as well as, providing solutions for making payments through the system.
Trucknet operates in the international transportation and logistics market, valued at approximately $19.36 trillion, and as of 2020, approximately 500,000 trucks and approximately 4,000 customers are connected to the system. Global empty truck data: Europe 27%, United States 36%, and Asia 46%.
During October 2020, the Company conducted a joint pilot with the Renault Group, during which a connection was made to Renault’s bid system, which performs tenders for each job order and via the Platform located contractors, according to their location, in relation to Renault’s requests. The pilot demonstrated that using the Platform leads to a 17% improvement in the efficiency and profitability of logistics services and a saving of 115,000 euros within two weeks on 268 trips out of 371 trips (68% success).
The results of the pilot illustrated the platform’s ability to streamline and save transportation costs for logistics companies, due to the ability of the Trucknet Platform to match freight orders to haulage contractors, inter alia, based on their geographical proximity to the location of cargo, allowing them to submit cheaper quotes.
The Company, which was founded in 2016 by Mr. Hanan Fridman, who serves as the Company’s CEO, employs approximately 40 people, in offices around the world. Trucknet has signed agreements and pilots with leading Israeli and international companies, including DSV LA POSTE, DPD, ChronoPost All Cargo, Israel Post and more.
