According to Mr Hanan Fridman, CEO and founder of the Company: “The Agreement signed indicates the trust that the global shipping giant DSV has in the technology we have developed. This Agreement is a cornerstone for future agreements and contracts with additional global transport giants.
The Agreement was signed with the shipping and logistics provider incorporated in Romania that makes about 150,000 trips a year. It is part of the global DSV Group – an international shipping and logistics giant operating in more than 80 countries around the world. I believe that successful implementation can lead to agreements with additional countries in the group.
The Agreement with DSV is in line with a joint pilot project carried out by the Company with the Renault Group during October 2020, during which a connection was made to Renault’s bid system. The pilot demonstrated that using Trucknet’s platform resulted in a 17% improvement in the efficiency and profitability of logistics services, with savings of €115,000 in two weeks, for 268 trips out of 371 (68% success).
DSV provides transportation solutions for thousands of companies every day. The use of Trucknet’s platform will allow the Danish transport giant to improve and optimize fleet management and negotiate for available capacity in vehicles from other companies; it provides an online BID system (digital tender) for each transaction. Using our platform offers environmental benefit by minimizing empty truck travel in fleets and reducing polluting emissions.”
24 April 2021, Israel, (Tel Aviv: Tran) Trucknet that developed a platform enabling smart matching between available capacity in trucks and cargo for improving efficiency and profitability for transport companies, announces today that its subsidiary, Trucknet Romania, has signed an Agreement with DSV Solutions S.R.L. Romania, a subsidiary of the Global DSV Group.
Payment received by Trucknet under the terms of this Agreement come from two sources. Following the trial period, Trucknet Romania will receive from DSV a total of 3 Euros (plus VAT) for each shipment that DSV carries out using the Trucknet platform; with DSV committing to a minimum of 1,000 shipments per month. In addition, DSV will pay Trucknet Romania a monthly maintenance fee of 1,500 Euros (plus VAT). If DSV makes more than 3,500 shipments per month using the Trucknet platform, it will be exempt from paying the maintenance fee for that month.
The Company supposes that it will have an additional source of income from the signing of the Agreement, as the hundreds of thousands of trucks connected to the Trucknet platform will significantly increase the number of smart matches made through agreements with transport companies.
The Company also estimates that successful cooperation between the Parties within this Agreement will expose the Company and the Trucknet platform to other companies from the DSV Group that may also choose to enter into an agreement with the Company.
About DSV Group
DSV specializes in transport and logistics services by road, air, sea and train. The group is active in more than 80 countries around the world and is traded on the Danish Stock Exchange.
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.
