CloudTrucks

Fintech does FreightTech: 5 companies you should know

A perfect storm has been brewing for FreightTech. 

High demand has led to low inventories, creating a response from visibility technology companies looking to improve supply chain resilience. 

Increased orders from customers have forced shippers to look at ways to optimize capacity, turning to digital players that use automation to consolidate shipments and find carriers where no one else can. 

Shippers looking to play technology catch-up have strategically partnered with planning and order...

https://www.freightwaves.com/news/fintech-does-freighttech-5-companies-you-should-know

CloudTrucks’ new offerings available to all owner-operators

The technology-driven trucking company CloudTrucks received a $20.5 million Series A investment in December to create a suite of tools that would help owner-operators enter the market and successfully scale their businesses.

While the company previously has only offered tools for drivers running under its authority, the company announced Wednesday it has launched two offerings open to carriers outside of its operations. 

Its first offering, Flex, is a toolkit for owner-operators that gives them...

https://www.freightwaves.com/news/cloudtrucks-new-offerings-available-to-all-owner-operators

CloudTrucks offers drivers Road to Independence

Virtual trucking company CloudTrucks has rolled out Road to Independence, a program for experienced drivers looking to transition to owner-operators. 

The company has partnered with Premier Truck Group, CrossRoads Leasing and OTR Leasing to create lease-to-own programs to help drivers get the equipment needed to start their own trucking businesses, something CloudTrucks co-founder and CEO Tobenna Arodiogbu discovered can be difficult for company drivers to navigate themselves.

“Most of us in...

https://www.freightwaves.com/news/cloudtrucks-offers-drivers-road-to-independence

The Daily Dash: Truck drivers are speeding up; autonomous truck maker ditching the driver

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, as the holidays approached, truck drivers found less traffic on roadways than in past years, and that means speeds are going up. Plus, Gatik plans to remove drivers from its vehicles in 2021 and New Year’s resolutions for fleets looking to reduce their risk.

Faster, faster and faster still

As the world slowed, trucks got faster. Data shows that as fewer cars traveled the roadways in 2020, truck...

https://s29755.pcdn.co/news/the-daily-dash-truck-drivers-are-speeding-up-autonomous-truck-maker-ditching-the-driver

CloudTrucks secures $20.5M Series A

Investors continue to rain cash on trucking technology startups, with the latest beneficiary, virtual trucking carrier CloudTrucks, announcing Wednesday that it has closed a Series A funding round of $20.5 million.

Leading the round was Caffeinated Capital with participation from Craft Ventures, Khosla Ventures, SciFi VC, Kindred Ventures, Abstract Ventures and Better Tomorrow Ventures. 

Founded in 2019, San Francisco-headquartered CloudTrucks offers a range of services for owner-operators and...

https://www.freightwaves.com/news/cloudtrucks-secures-205m-series-a

CloudTrucks launches scheduling tool for drivers

CloudTrucks, a virtual carrier and back-office service, has launched a new tool that helps drivers organize their workflow up to 10 days in advance.

“We noticed what drivers really needed help with was not just searching for one load and booking that load but also planning their schedule,” CEO Tobenna Arodiogbu told FreightWaves.

Founded in February, San Francisco-headquartered CloudTrucks offers a range of services for owner-operators and small trucking companies. 

The idea is to take over all...

https://s29755.pcdn.co/news/cloudtrucks-launches-scheduling-tool-for-drivers

CloudTrucks, Uber Freight, COOP by Ryder team up on rideshare driver pilot

Virtual trucking carrier CloudTrucks has teamed up with Uber Freight and COOP by Ryder to help qualifying Uber rideshare drivers break into the freight industry.

The partnership, launched three weeks ago, comes as the COVID-19 pandemic has decimated Uber’s rideshare business, putting thousands of drivers out of work. The coronavirus lockdowns have also led to a surge in demand for essential items like food and medical supplies.

“Truck drivers are the backbone of our economy, and communities are...

https://s29755.pcdn.co/news/cloudtrucks,-uber-freight,-coop-by-ryder-team-up-on-rideshare-driver-pilot

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