Trucknet is moving towards one of the fast-growing areas in the field of transport – services for locating and booking safe parking and resting places for trucks and their drivers
Trucknet signed a Memorandum of Understanding with a company from the Volkswagen Group
The company specializes in finding and booking safe parking and resting spots for trucks and drivers in about 47,000 parking places across 32 European countries
According to Mr Hanan Fridman, CEO and founder of the company, “This cooperation will increase significantly client potential for us and will bring together and contribute to the growth of two companies, each of which manages a database of valuable information. Through the use of LogPay Transport Services data, Trucknet will be able to provide an efficient and appropriate match for trucks that have finished their delivery route and are left with no cargo. LogPay will be able to considerably increase its client pool based on our data
The new field we are entering today, the area of booking secure parking, has become quite substantial in Europe and the United States and can solve some of the supply chain issues; safe parking solutions are also necessary to cope with the increased aggression and theft to which drivers are exposed on the roads
The LogPay app, which operates the “Truck Parking Europe” trademark, allows over a million app users to book a spot in advance and to pay for one of the 47,000 parking spaces dispersed across Europe, thereby providing a solution for driver safety on the roads. With the service provided by Truck Parking Europe, drivers will no longer have to stop on the side of the road to rest, rather they can freshen up in secure and monitored parking lots
The service we are offering provides drivers with a holistic trip plan, such that the driver/schedule manager of transport companies can reserve parking in advance with no need to work within separate systems; we link the platforms and the telematics systems to which Trucknet is connected and carry out the integration of Truck Parking Europe into our system
2 November 2021, Israel, (Tel Aviv: Tran), Trucknet that developed a platform for improving efficiency and profitability for companies, by enabling smart matching between available capacity for haulage in trucks and cargo, announces that it has signed an initial Memorandum of Understanding between Trucknet and a company from the Volkswagen Group; the company specializes in locating and booking secure parking and rest stops for drivers and their trucks at about 47,000 parking locations across 32 European countries. The company LogPay Transport Services operates under the tradename “Truck Parking Europe” through the website www.truckparkingeurope.com and a unique mobile app with about 1,300,000 installations offering services for secure booking of parking and resting spots for drivers and their trucks
Within the framework of the cooperation between the Parties, the companies will work to establish a potential joint venture, or another form of partnership, by way of acquisition of assets, purchase of shares, merger or any other legal format they may choose. The two companies will also work to develop business connections to promote the products and services offered by the Parties
According to the MoU, the Parties will work to promote cooperation, at their discretion, and to enter into a detailed and binding cooperation agreement within 120 days from the date of approval of the MoU. However, the document clarifies that as long as the Parties do not reach an understanding and a detailed agreement is not signed within the above-mentioned period (including extensions), the MoU will not bind the Parties, excluding the Parties mutual commitment to maintain confidentiality
The Company
Trucknet Enterprise provides a green, cloud-based ALL-IN-ONE digital platform that enables transportation and logistics companies to reduce transport costs and save resources by optimizing shipments across all modes of transportation, through artificial intelligence (AI), business intelligence (BI) and ML machine learning). The platform includes an online tool for calculating CO2 emissions from vehicle fleets and offers smart automatic matching between trucks and cargo, based on location. In addition, an easy and fast payment solution is available for the B2B market
Trucknet’s platform enables transportation and logistics companies to significantly minimize empty rides through automatically prioritizing available vehicles with other transport and logistics companies. Based on location, the system carries out smart matching between empty trucks and available cargo
Trucknet’s solution enables full automation and optimization for land transport for companies managing commercial vehicle fleets and for customers of logistics services. The system assists companies to significantly lower service costs and improve efficiency and profitability through reduction of the number of empty trucks on the roads. This results in a reduction of air pollution and GHG emissions, traffic accidents involving trucks as well as less damage to the environment
Data from the Israel Central Bureau of Statistics show that in 30% of traffic accidents heavy-duty vehicles are involved and 23% of the pedestrians killed in urban areas are from heavy vehicles (trucks and buses)
The Company aims to establish a unique professional system in the area of shared transport. Trucknet’s software platform interfaces with all leading work scheduling systems, TMS and leading telematics systems. Transport companies can improve and optimize vehicle fleet management and sharing of resources, by mutual use of digital documents (without the need to print). Trucknet has developed user-friendly interfaces for the driver and for the end customer offering complete connectivity, monitoring and transparency as well as providing solutions for payment through the system
Trucknet operates in the international transportation and logistics market, which is assessed at about $19.36 trillion. As of 2020, the Company has approximately half a million trucks connected from roughly 4,000 companies. Some data from the world about trucks that travel empty (without cargo): in Europe 27% of trucks on the roads run empty, in the United States 36% and in Asia 46%
Trucknet conducted a joint pilot project with the Renault Group during October 2020, in which a connection was made to Renault’s Bid system that tenders each work order. Through the system, contractors were identified on the basis of their location in relation to Renault’s requests. The pilot proved that connection to Trucknet’s platform led to improvement in the efficiency and profitability of logistics services by 17%; savings achieved were up to €115,000 in two weeks for 268 trips out of a total of 371 (68% success rate)
The results of the pilot demonstrated the platform’s ability to improve efficiency and save transportation costs for logistics companies. This is due to the fact that the Trucknet platform adjusts shipping orders for (transport) contractors, based on their geographical proximity to the location of cargo, thus, allowing them to submit lower price proposals and save costs
The Company, established in 2016 by CEO Mr. Hanan Fridman, employs approximately 40 people spread across offices in the world. Trucknet has signed agreements and pilot projects with leading companies in and outside Israel, including DSV, La Poste, DPD, ChronoPost, Allcargo, Israel Post and more
