OnTruck provides a transport management platform that utilizes AI-driven pricing and routing algorithms to optimize logistics for regional merchandise transport. The service ensures timely delivery and real-time tracking of shipments, addressing inefficiencies and high costs in the freight transport sector.
Funding
$62.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The regional freight transport sector faces challenges including inefficiencies, high costs, and a lack of real-time visibility, leading to difficulties in optimizing logistics and ensuring timely delivery of merchandise. Traditional methods often involve manual processes for pricing, routing, and incident management, resulting in suboptimal resource allocation and reactive problem-solving.
Solution
OnTruck offers an AI-powered transport management platform designed to streamline and optimize regional merchandise transport. The platform connects to existing management systems and uses AI-driven pricing and routing algorithms to provide intelligent pricing and optimized routes in real time. By digitizing order input and automating route optimization, OnTruck eliminates manual processes and improves efficiency. The platform also features a predictive incident system that automatically detects potential problems, enabling proactive prevention and resolution.
Target Audience
The primary customers are shippers and carriers involved in regional merchandise transport, including businesses dealing with pallets, packages, and parcels.
Features
- AI Pricing Engine: Digitalizes order input and applies intelligent pricing to eliminate manual quoting.
- AI Routing Engine: Optimizes routes in real-time, considering shipment requirements and zones, without manual review.
- Predictive Incident System: Automatically detects potential issues and enables proactive prevention.
- Forecast & Capacity Planner: Provides accurate demand forecasting to maximize fleet utilization and minimize empty runs.
- Real-time shipment tracking and status updates via a dedicated app for carriers.
- Digital documentation management, including electronic proof of delivery (ePOD).
- CO2 emission tracking to measure and promote sustainable transport practices.
- API integration for seamless data exchange with existing TMS and ERP systems.