CloudTrucks

CloudTrucks launches new offerings, acquires Shipwell’s brokerage

Trucking technology provider CloudTrucks recently acquired the brokerage arm of SaaS provider Shipwell to give its driver network more consistent loads and revenue streams.

“We have been obsessing over what truck drivers need in the market,” CloudTrucks CEO and co-founder Tobenna Arodiogbu told FreightWaves.

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https://www.freightwaves.com/news/cloudtrucks-launches-new-offerings-acquires-shipwells-brokerage

Convoy autopsy continues: Panel sees capacity issues, lack of discipline

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NEW YORK — The movers and shakers who descend on New York City each December to talk about the role...

https://www.freightwaves.com/news/convoy-autopsy-continues-panel-sees-capacity-issues-lack-of-discipline

VC-backed CloudTrucks exits factoring business to focus on core offerings

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CloudTrucks CEO Tobenna Arodiogbu has announced that his company is exiting the factoring business...

https://www.freightwaves.com/news/vc-backed-cloudtrucks-exits-factoring-business-to-focus-on-core-offerings

Loaded and Rolling: Truck parking survey highlights public awareness challenges

Truck parking survey highlights public awareness challenges

(Graphic: CloudTrucks)

Last month, CloudTrucks surveyed 1,000 U.S. adults about general perceptions of truck drivers and if they have heard of the truck parking shortage. The results, published in CloudTrucks’ 2023 Truck Parking Shortage Survey, highlight that while Americans generally have a positive view of truck drivers, most respondents didn’t know that the parking shortage had a major impact on their quality of life. 

One major...

https://www.freightwaves.com/news/loaded-and-rolling-truck-parking-survey-highlights-public-awareness-challenges

Americans value truck parking facilities — but not in their backyards

Americans value commercial truck drivers and the service they offer. However, they don’t want drivers parking their rigs anywhere near their homes.

That was a key finding in a 2023 survey of truck parking issues published Tuesday by CloudTrucks, an IT-based provider that supports the commercial truck driving sector. About 56% of the 1,000 American adults surveyed were unfamiliar with the issue. About 21% didn’t realize that many drivers end up sleeping in their vehicles, reflecting a lack of...

https://www.freightwaves.com/news/americans-value-truck-parking-facilities-but-not-in-their-backyards

Los estadounidenses valoran los estacionamientos para camiones, pero no en sus patios traseros 

Los estadounidenses valoran a los camioneros y el servicio que ofrecen. Sin embargo, no quieren que los conductores aparquen sus camiones cerca de sus casas.

Ese fue un hallazgo clave en una encuesta de 2023 sobre cuestiones de estacionamiento de camiones publicada el martes por CloudTrucks, un proveedor basado en TI que apoya el sector de la conducción de camiones comerciales. Alrededor del 56% de los 1.000 adultos estadounidenses encuestados no estaban familiarizados con el tema. Alrededor del...

https://www.freightwaves.com/news/los-estadounidenses-valoran-los-estacionamientos-para-camiones-pero-no-en-sus-patios-traseros

CloudTrucks launches new fintech offering — CT Credit

Trucking business management solutions provider CloudTrucks has launched its new fintech solution, CT Credit, a Visa business card that avoids high interest rates and fees and connects users to CloudTrucks’ business management solution to help oversee carrier expenses.

After the company was founded 2019, CloudTrucks made its management solutions available to owner-operators through three programs: Virtual Carrier, the company’s leasing program, Flex, which gives owner-operators access to...

https://www.freightwaves.com/news/cloudtrucks-launches-new-fintech-offering-ct-credit

CloudTrucks secures $115M to ‘lower the barrier of entry’ for drivers

Technology-enabled trucking company CloudTrucks announced Tuesday it raised $115 million in series B funding led by Tiger Global with participation from Menlo Ventures and previous investors including Caffeinated Capital, Craft Ventures, Khosla Ventures, Abstract, BTV and Kindred Ventures. 

The round also included investment from freight forwarder Flexport and angel investors Eric Wu, CEO of Opendoor, and Michael Ovtiz, former president of The Walt Disney Co. 

The trucking company has raised a...

https://www.freightwaves.com/news/cloudtrucks-secures-115m-to-lower-the-barrier-of-entry-for-drivers

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