In addition, the subcontractors registered in the Company’s system will pay a total of 5% of transport costs for each smart match made through the Trucknet platform.
Trucknet will sign another Agreement in which the amount of cargo in the system will be expanded in order to increase the number of smart matches made between empty trucks and cargo.
Israel, 6 April 2022, (Tel Aviv: Tran) Trucknet is pleased to announce that it entered into an Agreement yesterday with CS PPG Romania SA for use of the Trucknet platform for one year beginning April 15. The company is a manufacturer of paints in Romania and, according to its estimates, requires thousands of shipments a year.
The client is eligible to use the Trucknet platform free of charge for a trial period of 30 days from commencement of the Agreement. Following the trial period, and as long as the client wishes to continue to use the Trucknet platform, they will pay Trucknet Romania 5 Euros for Bid services (digital tender) and another 5 Euros for digitization services, both within the Trucknet platform.
In addition, sub-contractors registered in the system will pay Trucknet Romania for each smart match with the client that was made using the Trucknet platform, a total of 5% of the transport cost.
The client is entitled to cancel the Agreement during the 10 days following the end of the trial period.
Within the terms of the Agreement, the client committed to notify the transport service providers with whom they are connected for the use of the Trucknet platform and to encourage them to register in the Trucknet platform.
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 defined by the Israel Securities Law.
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.
