• Latest
  • Trending
  • All
  • News
  • Business
  • Politics
  • Science
  • World
  • Lifestyle
  • Tech
TRUCKNETIC: Redefining Digital Freight Platform

TRUCKNETIC: Redefining Digital Freight Platform

October 24, 2021

Nikunj Shukla a young digital entrepreneur is helping Passionpreneurs and businesses in achieving this objective.

June 20, 2022

The Immigration Gurus explain how to successfully get a student visa for UK , Australia and Canada?

June 2, 2022
Sarvesh Goel

For my purposes, it is vital: Sarvesh Goel to be a social business visionary

June 2, 2022

Shivam Singh : Youngest Digital Entrepreneur in Bihar and Founder of Ninja Digitalance leading the game of digital marketing in different ways

June 1, 2022

Beats of Dance Production House is coming with all new Celebrity Event with Sahil Khan & Deepak Sharma

May 16, 2022
Glantor X Nation Choice Awards for Rising Authors and Educationists

Glantor X Nation Choice Awards for Rising Authors and Educationists

January 28, 2022
Cionlabs: innovation is now accessible to everyone

Cionlabs: innovation is now accessible to everyone

January 28, 2022
Chris and Jasmin: hilarious pranksters

Chris and Jasmin: hilarious pranksters

January 26, 2022
Introducing HelloFans: the World’s First Decentralized Social Metaverse.

Introducing HelloFans: the World’s First Decentralized Social Metaverse.

January 21, 2022
Abhyudoy Das is helping Start-ups grow, See how?

Abhyudoy Das is helping Start-ups grow, See how?

January 18, 2022
Let’s know about Himikka Kawatra, a successful artist!

Let’s know about Himikka Kawatra, a successful artist!

January 17, 2022
Harjaspreet Singh’s New Directed Music Video “Bulleya” is scheduled to be released on January 23, 2022.

Harjaspreet Singh’s New Directed Music Video “Bulleya” is scheduled to be released on January 23, 2022.

January 16, 2022
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Monday, June 27, 2022
  • Login
Entrepreneur Ethics
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
    • Home – Layout 4
    • Home – Layout 5
  • News
    • All
    • Business

    The Immigration Gurus explain how to successfully get a student visa for UK , Australia and Canada?

    Sarvesh Goel

    For my purposes, it is vital: Sarvesh Goel to be a social business visionary

    Shivam Singh : Youngest Digital Entrepreneur in Bihar and Founder of Ninja Digitalance leading the game of digital marketing in different ways

    Beats of Dance Production House is coming with all new Celebrity Event with Sahil Khan & Deepak Sharma

    Trending Tags

    • Donald Trump
    • Future of News
    • Climate Change
    • Market Stories
    • Election Results
    • Flat Earth
  • Tech

    Trending Tags

    • Flat Earth
    • Sillicon Valley
    • Mr. Robot
    • MotoGP 2017
    • Golden Globes
    • Future of News
  • Entertainment
  • Lifestyle

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
No Result
View All Result
Entrepreneur Ethics
No Result
View All Result
Home Uncategorized

TRUCKNETIC: Redefining Digital Freight Platform

by Shivam Madaan
October 24, 2021
in Uncategorized
0
TRUCKNETIC: Redefining Digital Freight Platform
492
SHARES
1.4k
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

Trucknetic is a team of passionate individuals dedicated to serving the shippers and carriers because the transportation industry is still low-tech, fragmented, and unorganised. 

The journey of Trucknetic started with the Founder and CEO of Trucknetic, Mr. Arham Partap Jain. He comes from a business family, with his father being a first-generation entrepreneur who had set up a trading business 35 years ago. This has helped to shape Trucknetic a lot as it allowed Mr. Arham to gain immense knowledge about business and experience at an early age. He joined the family business in early 2018 and soon encountered many challenges around trucking. For instance, challenges with different stakeholders involved around trucking such as fleet owners, transporters, brokers, shippers, end-customers, etc., and issues related to road transportation. 

He understood the significant problems faced by carriers and shippers. For carriers (fleet owners), the single most challenging thing that they wanted to eliminate was the unavailability of return-load (backhaul). For shippers, it was the unavailability of trucks for a particular lane at a particular time. That’s how he conceptualised Trucknetic. 

Trucknetic enjoys domain expertise not only among carriers and shippers but also among other supply chain stakeholders. With sheer hard work and dedication, Trucknetic has posted a turnover of ~USD 2.5 Million since Dec 2019, with ~USD 200,000 being the monthly recurring revenue. Trucknetic has been associated with more than 500+ carriers (fleet owners and transporters) and more than 50 shippers (corporates, small-medium enterprises, and traders) and have done close to ~2000 trips till date with 12, 50,000 km of movement and transported 70,000 MT of different commodities and potential of transporting more than 50,000+ MT per month. Trucknetic also has a verified database of 2,00,000+ fleet owners. 

If something is most important to Trucknetic, it is their customers; therefore, Trucknetic’s AI-enabled platform offers freedom of choice regarding the marketplace and the security; convenience of a digital freight forwarder. The solution comes as a cost-effective package for shippers. It increases earnings for the fleet owners by reducing the wastage of miles without freight and adding to the asset utilisation of trucks. Trucknetic has also launched its two different applications for shippers and carriers, one for each, respectively. For the shippers.

Trucknetic is determined to solve the problem of return load as Trucknetic is aware of the facts like; in India, the transportation market is highly unorganised and fragmented. 95% of the fleet owners own less than three trucks. With the traditional approach, these fleet owners choose their base near supply-heavy areas and place vehicles in the clusters near their hometown. Thus, restricting them to cover the remaining lanes and creating a massive gap in demand and supply. They have to take massive fare cuts on the freights on the lanes they go, although they incur the same expenses on diesel, driver, and other overheads. They have to wait for a day/ two to figure out any return load that under-utilises their truck most of the time. Therefore, until and unless one caters to this problem, it is challenging to make a viable aggregation platform for shippers and carriers. 

The Trucknetic team is glad to get started at the right time and have a first-mover advantage to organise the logistics industry, specifically road transportation. Trucknetic can significantly minimise the wastage of miles without freight, enhance truck asset utilisation, and reduce the country’s carbon footprint, ultimately lowering down logistics costs significantly.


you can also visit:

ABOUT US

LinkedIn:-https://www.linkedin.com/company/trucknetic

Tags: TRUCKNETIC
Share197Tweet123Send
Shivam Madaan

Shivam Madaan

  • Trending
  • Comments
  • Latest
Meet India’s one of youngest Cyber Security Consultant Bhanu Sharma

Meet India’s one of youngest Cyber Security Consultant Bhanu Sharma

May 15, 2022
Domino’s India Data Leak Case Study by Nitin Pandey

Domino’s India Data Leak Case Study by Nitin Pandey

June 20, 2021
Teen Age Child Actress And Model – Drashti Narendra Bhanushali

Teen Age Child Actress And Model – Drashti Narendra Bhanushali

June 24, 2021
Data Leaks – A Case Study By Rahul Pandey

Data Leaks – A Case Study By Rahul Pandey

5
Reality of Social Media Hacking

Reality of Social Media Hacking

1
“CGUARD – India’s first brand for doctors and medical workers aims to keep Indian doctors safe as well as trendy.”

A Millionaire at 25, Meet Tanya Mittal TedX Speaker and Miss Asia 2018

1

Nikunj Shukla a young digital entrepreneur is helping Passionpreneurs and businesses in achieving this objective.

June 20, 2022

The Immigration Gurus explain how to successfully get a student visa for UK , Australia and Canada?

June 2, 2022
Sarvesh Goel

For my purposes, it is vital: Sarvesh Goel to be a social business visionary

June 2, 2022
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Call us: +91 8077891975 Webhack Solutions

Copyright © 2022 Entrepreneur Ethics

No Result
View All Result
  • Home
  • News
    • Politics
    • Business
    • World
    • Science
  • Entertainment
    • Gaming
    • Music
    • Movie
    • Sports
  • Tech
    • Apps
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Food
    • Fashion
    • Health
    • Travel

Copyright © 2022 Entrepreneur Ethics

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In