According to Hanan Fridman, CEO of Trucknet, “This accomplishment is part of an important and solid process that grants us opportunity to create a significant presence in the Israeli market, through which about 2 million containers pass every year. In this pilot Trucknet will connect with most of the largest transport companies in Israel. I believe that by the end of the project, we will be able to advance considerably the use of our system in Israel.”

16 November 2022, Israel (Tel Aviv: TRAN) Trucknet is honored to report that on 15 November 2022 the Company received a message that it had won a “Call for Proposals”, published by the Innovation Authority, with funding from the Ministry of Environmental Protection (MoEP) of around NIS 1,128,000 for a first-of-its-kind pilot project; the project will be carried out by the Company in cooperation with the Council of Transporters, the MoEP and Israeli transport companies.

The pilot is intended to implement the Company’s technology in order to reduce the movement of trucks travelling empty on Israeli roads, to calculate GHG emissions in real time and to digitalize.

Within the framework of the pilot, an analysis of big data and optimization of the various vehicle fleets will be carried out using the Trucknet platform.  This measure should lead to the reduction of trucks travelling empty and to the calculation and reduction of GHG emissions from the trucks in the fleet.

As stated above, the pilot will be conducted in cooperation with the Israel Council of Transporters and will focus on shipment of containers in Israel. The Trucknet platform will analyze the information received from a number of carriers and will carry out a smart match between empty trucks and containers with cargo that require transport.

The pilot will be completed by October 2023. Funding will be transferred to the Company in a number of installments throughout the pilot period.

As you know, the company has developed a unique cloud-based and artificial intelligence platform for optimization of land transport for companies managing vehicle fleets. The platform, developed by Trucknet, carries out smart matches between trucks travelling empty with available cargo, thereby reducing truck traffic and at the same time the system calculates greenhouse gas emissions.

According to various estimates, between 35%-45% of trips made by transport companies for shipping containers are empty trips, in other words, trips made with no container at all. The Trucknet platform will enable the Council of Transporters to analyze the information coming from a large number of carriers and to make smart matches between empty trucks and containers that require transport, thereby improving efficiency and profitability for the carriers.

About the Company

Trucknet Enterprise is an “integration platform as a service” company. Its All-in-One digital, cloud-based platform 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.

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