Trucknet expands its circle of potential clients in Israel as well and signs an Agreement in Principle with the Maayan Group.
Israel, December 22, 2021, (Tel: Tran) Trucknet is pleased to announce that it signed an initial Agreement in Principle yesterday with Maayan Customs and Transport Services (Maayan Group). The Maayan Group has been operating in Israel since 1977 and specializes in offering logistics solutions across the entire supply chain.
The Agreement signed between the two companies includes the following clauses:
- 1. Trucknet will grant the Maayan Group a license to use the company’s platform in Israel.
- The Maayan Group will use the Trucknet system for a trial period of approximately one month free of charge.
- Following the trial period, the Maayan Group will pay Trucknet a total of about 5 Euros for each trip planned and carried out by the Trucknet system.
- 4. For the use of Trucknet’s smart matching system, the company will receive an additional (approximately) 5% of the shipping cost for each order carried out, through Trucknet’s system, by existing or new subcontractors in the Maayan Group’s database.
- The Agreement stipulates that the Parties shall work to promote cooperation between the companies, and within about three months are expected to sign a detailed and binding Agreement.
- If the Parties do not reach agreement and do not enter into a binding Agreement within the aforementioned period, or an extension of the period, the Principles Document will have no validity.
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.
