Fleets, shippers and brokers with free access can tune in to Truckloads via a web portal and drivers can do the same through Trucker Path’s smartphone app.
To post a shipment, brokers open the Trucker Path web-based client in their browsers, fill in details such as pick-up date and time, origin and destination, along with contact and payment information. Alternatively, Trucker Path can also integrate with a shipper’s system to pass the load information to the Truckloads platform.
Truckloads was first released as a private beta test earlier this year, available by invitation only with a limited number of brokers and carriers, including fleets and owner-operators.
“During our first phase of private testing, we offered the Truckloads platform to a select number of users, including three major trucking firms, each with more than a billion dollars in revenues,” CEO Ivan Tsybaev said in a statement.
Now that testing will be open to the public.
As it rolls out its beta tests and new developments, Trucker Path following has been growing at a healthy tick, Tsybaev said.
Already, the Trucker Path app has nearly 300,000 active users – nearly 20 percent of all Class 8 truckers in the United States. The Truckloads platform has already proved popular among brokers, attracting over 300 brokers.
There have been more than 30,000 loads posted to over 15,000 truck operators and fleets, Tsybaev said.
“Our mission is to innovate one of the most outdated forms of transaction in the trucking industry by providing an easy-to-use app that simplifies the interaction between brokers and carriers,” Tsybaev. “With 70 percent of freight being moved by trucks, these antiquated transactions create huge amounts of wasted time for carriers and brokers. By making the process of finding and closing loads simpler, we can make the jobs of brokers, shippers and their support staff a lot easier.”
Trucker Path’s recent expansion has been helped along by substantial funding from a Chinese investor.
Renren, an $83 million holding company and social media platform in China, invested $1.5 million in Trucker Path earlier this year. The investment, according to Tsybaev, was two-fold: not only will it help Trucker Path expand in the U.S., he said, but it will also give Chinese companies greater insight into U.S. inland transportation markets.
Although Tsybaev has denied that a Chinese version of Trucker Path is in the works, Renren has openly expressed interest in logistics investments. Last year, the Beijing-based company invested $10 million in Hong Kong startup GoGoVan, which uses a mobile app to arrange intra-city deliveries of small shipments in Hong Kong and Singapore and plans to expand into Japan and Australia.