The Company reports the signing of an Agreement with another manufacturing plant, ESTEVE SAS, which has a large number of transport runs a year.
The client has the option of expanding use into the US.
Following the trial period, the client will pay a total of 5 Euros for each transport order made in France and a total of 5 Euros for BID services used, all through the Trucknet platform.
For every smart match carried out through the Trucknet platform, the Company will receive a total of 5% of transport costs from the contractors registered in the system.
According to Hanan Fridman, CEO and founder of the Company, “Trucknet is continuing the implementation of its strategy for recruiting manufacturers and factories looking for a change in the way they utilize logistics services by integrating digital measures. This Agreement links with a set of agreements that we have reported recently which represent the fundamental change occurring in consumption culture, mobility and transport in Europe – the transition to green solutions is already here. The online system we have developed offers manufacturers, factories and distributors a tool to calculate and reduce CO2 emissions from vehicle fleets.
Our software can improve outdated methods for working arrangements by interfacing with all leading work scheduling systems (TMS) and telematics systems. Transport companies can receive full optimization and visibility for fleet management, with the use of digital shipping documentation (e-CMR) that ensures maximum connectivity, monitoring and transparency.”
11 May 2022, Israel, (Tel: TRAN) Trucknet announces that the fully owned subsidiary of the company in France has entered into an Agreement with Societe Esteve SAS, a French company, for the use of the Trucknet platform for a period of two years beginning May 10, 2022, of which 30 days are a trial period free of charge. The Agreement period will be extended automatically under the same terms each time for an additional year, unless agreed otherwise.
Following the trial period, the client will pay a total of 5 Euros for each transport order in France (the client has the option of expanding to the US) and a total of 5 Euros for BID (digital tender) services, both through the Trucknet platform. In addition, for each smart match carried out through the Trucknet platform, the company will receive a total of 5% of transport costs from the contractors registered in the system.
The client is entitled to cancel the Agreement at any time, with notification 10 days in advance.
To the best of the Company’s knowledge, the client operates in the field of food industry machinery in France and the US, and the Company estimates that they need thousands of transports a year.
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; the information and the scope of the haulages that the client needs constitute forward-looking information as this term is defined in the Israel Securities Law. This information is based on the Company’s subjective evaluations in accordance with the information provided and its attainment depends on various factors that are not within the Company’s control, such as client satisfaction with the Trucknet platform over time. It is worth noting that some or all of these presumptions may not materialize or may occur in a different manner than expected by the Company.
About Esteve SAS
A company from the field of manufacture of equipment for the food industry, operating in France and in the United States.
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.
