Thousands of seminatics cut into the US Highway System every day are sheltering a secret: they are just About Half -filled
It represents a billions of dollars of incompetence. And one is that some companies such as Uber Freight and Food Fret are already chasing as part of wider business models that meet truck drivers with goods selling companies.
San Francisco -based Startup Oway is looking for a narrow business model that is more closely resembled Uber For Freight, especially on the long distance on highly impaired routes. But this is a model that starts up can be such a big scale to affect the country’s economy.
Oway, which was founded in 2023 and supports the Wi -Combatinist and General Catalist, recently closed the Million 4 million seed round in pursuit of the purpose. Founder Philip Nadjafov told Tech Crunch that investors have purchased the concept of Oway because their company has already developed a way to reduce the cost of sending a palette by 50 % across the United States, using a smart mixture of new and somewhat old technologies.
There is artificial intelligence here, of course, in the form of machine learning that Oye has developed the cargo to find and meet the cargo with an empty trailer space and an easy floor (or a short way). Oway is also automatically automate a lot of standard shipping and insurance documents that happen to the freight.
But the Oway Ride Share Cargo Pitch is known as “Electronic Logging Devices” (ELDS), which is mounted on trucks crossing our country.
Elders a decade ago, as a government, must eliminate the paper log box and make the truck safe and more efficient. This makes it difficult for shipmen and drivers to eliminate federal rules on time, eliminating theoretically fatigue.
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For many drivers worried about excessive surveillance, these devices have been a cause for conflict. And there is some evidence that the safety has been promised May be accomplished by an increase in aggressive driving Since drivers cannot easily suffer their hours.
But the devices, however, are the foundation stone of OI works, as Eldis has also made it possible to keep tabs at the exact location of the truck in a real time.
With this information, the Oway can work together with ships to identify locations near the planned route. When the trailer has a vacuum – according to Nadjafov, often there is – Oway can help users keep cargo in these trailers at a common price.
The result is that Oway claims that it can cost a sub -pound pallet between Los Angeles and Dallas to reduce the pallet by about $ 350 by less than $ 140.
“You don’t have to buy a whole truck of 50-feet to transfer (something) across the country (something) across the country to determine good pricing,” he said. “If you have a box of more than 100 pounds, then you want to move around the country, you should be able to do this now, with current technology, and it has a big problem in the United States.”
Nadjafov argued that the disconnection rates shipping rates and consumer prices, but also causes more emissions for trucks and more useless time. He believes that the ovy can solve it and they are already working with big companies whose fleet is working in their fleet with thousands of vehicles, though he said he could not disclose who he was because he had now demanded relationships to stay private.
The way Nadjafov draws it, the Oway’s business model has combined some of the best aspects of two important ways to send freight through trucks in the United States.
A model is known as “full truck load”, which is filled with truck trailers, often in a ship’s service. These delivery usually go from point A to point B, which offers faster delivery but at a higher price.
The second model is what is known as “low truck load” shipping, which is usually involved in sharing multiple ships on the same truck. This reduces the cost, but it takes longer, as the equipment often has to bite between multiple trucks and warehouses before reaching its destination.
Nadjif’s promise is that Oway can achieve full truck load shipping speed with low truck load shipping costs and dynamics. In addition, sending more goods directly at long distance, it is less likely to have a freight because it is not removed and is not reloaded because it goes from the truck to a warehouse and returns again.
Oway is doing all this in a “decentralized” manner, narrated by Nadjafov, which means he is not trying to buy a valuable space of the entire trailers and is working with other brokers in the industry at the top of the carrier and ships.
“We want to be flexible so that one day new businesses and industries can be built one day on requests for this infrastructure novel,” he said.
Nadjafov said that Oway has already been interested in companies in other countries, but it is still focused on the United States – a part of it because Oway is only 12 people, and how much depends on trucking the country.
“Trucking is a trillion dollar industry and the trend of empty space itself is $ 100 billion,” he said. “In my opinion, it would be a great change in the next 10 years for the entire US trade and logistics sector, because I believe it would be basically a way of the fact that most businesses are going to rotate.”
Updated: This story has been updated to reflect existing market rates to move goods between LA and Dallas.
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