- Both Companies will endeavor to promptly implement Trucknet’s Platform up to 120 days from the signing of the Agreement.
- Eldan Cargo will pay approximately 5 euros for each delivery planned via the Trucknet platform.
- Eldan Cargo will pay an additional amount at a rate of approximately 5% of the
freight price for any smart match created via Trucknet’s automated Matching System.
Mr. Hanan Fridman, Founder and CEO of Trucknet announces, “I am delighted that those who are exposed to our solution and its tremendous contribution in a wide range of areas in the global supply chain, sign an agreement with us and connect to Trucknet’s smart platform. Clients perceive our solution as a completely natural connection which may immediately contribute to additional income, and, in a more holistic perspective – contribute to the supply chain crisis and carbon emissions. Eldan Cargo works to implement new sustainable technologies for the benefit of improving customer services, with an emphasis on environmental awareness.
Israel, January 3, 2022, Tel Aviv: (T.A.: Tran) Trucknet announces the signing of a cooperation agreement with Eldan Cargo. On November 17, 2021, Trucknet signed an MoU for cooperation with Eldan Cargo, and today the Company is pleased to update that a Final Cooperation Agreement has been signed between the companies, the main clauses are as follows:
- Both companies will endeavor to integrate and implement the Trucknet Platform in Eldan Cargo’s systems at an estimated 90-120 days, following the signing of the Agreement.
- Following completion of the integration process, Trucknet will grant Eldan Cargo a license for a trial period of approximately 30 days, free of charge, for use of the Company’s platform.
At the end of the trial period, Eldan Cargo will pay Trucknet a total amount of approximately 5 euros for each delivery planned via the Company’s platform. In addition, for each smart match made via Trucknet’s automated Matching System, Eldan Cargo will pay Trucknet an additional amount, at the rate of approximately 5% of the freight price of each match.
The additional amount will be collected from subcontractors registered in the Company’s system.
The terms of payment will be determined prior to the commencement of commercial use of the Trucknet Platform by Eldan Cargo.
- Eldan Cargo may initially use the Trucknet Platform in Israel, at its discretion, for a period of approximately three years, unless otherwise decided. Eldan Cargo will expand its use of the Trucknet Platform, for an additional period of three years in the EU and US, as necessary.
- The Agreement is for an indefinite period and each Party will be entitled to terminate the Agreement by a prior 30 days’ notice.
About the Company
Trucknet Enterprise provides a green, cloud-based ALL IN ONE digital platform, enabling transportation and logistics companies to reduce transportation costs and save resources by optimizing freight deliveries via all modes of transportation through Artificial Intelligence (AI), Business Intelligence (BI) and Machine Learning (ML). The Platform offers an online tool for calculating CO2 emissions from vehicle fleets and smart automated matching capabilities between trucks and cargo, based on location, which includes a fast, user-friendly payment solution for the B2B market.
Trucknet’s Platform enables haulage and logistics companies to significantly minimize empty journeys, by automatically prioritizing available vehicles with other companies in the field of transportation and logistics, by making smart Matches, between empty trucks and cargo, based on location.
Trucknet’s solution enables full automation and land transport optimization for companies managing commercial vehicle fleets and consumers of logistics services to significantly streamline and reduce costs, thereby improving companies’ efficiency and profitability, lowering service costs, increasing profitability, reducing the number of empty trucks, which as a result, reduces pollutant emissions and damage to the environment, and helps reduce the number of road accidents involving trucks. Data from the Central Bureau of Statistics show that heavy vehicles are involved in 30% of road accidents, and the rate of pedestrians killed in urban areas by heavy vehicle, trucks and buses is 23%.
The Company aims to establish An exclusive professional system in the field of smart cooperative transportation. Trucknet’s Platform software interfaces with all leading workflow systems – TMS and telematics systems, enabling haulage companies to improve and optimize vehicle fleet management and resource sharing, using digital documents (without the need to print them). Trucknet has developed management interfaces tailored to meet driver and end customer requirements, enabling full connectivity, monitoring and transparency as well as, providing solutions for making payments through the system.
Trucknet operates in the international transportation and logistics market, valued at approximately $19.36 trillion, and as of 2020, approximately 500,000 trucks and approximately 4,000 customers are connected to the system. Global empty truck data: Europe 27%, United States 36%, and Asia 46%.
During October 2020, the Company conducted a joint pilot with the Renault Group, during which a connection was made to Renault’s bid system, which performs tenders for each job order and via the Platform located contractors, according to their location, in relation to Renault’s requests. The pilot demonstrated that using the Platform leads to a 17% improvement in the efficiency and profitability of logistics services and a saving of 115,000 euros within two weeks on 268 trips out of 371 trips (68% success).
The results of the experiment illustrated the platform’s ability to streamline and save transportation costs for logistics companies, due to the ability of the Trucknet Platform to match freight orders to haulage contractors, inter alia, based on their geographical proximity to the location of cargo, allowing them to submit cheaper quotes.
The Company, which was founded in 2016 by Mr. Hanan Fridman, who serves as the Company’s CEO, employs approximately 40 people, in offices around the world. Trucknet has signed agreements and pilots with leading Israeli and international companies, including DSV LA POSTE, DPD, ChronoPost All Cargo, Israel Post and more.
