These insights essentially enable the stakeholders to materialize better fleet utilization, industry-leading estimating and bidding, secure communication, transparency, and lower operating costs.
TRUX also houses a complete transport management system (TMS) which can track trucks and cater to making them available when the demand increases. Our clients can immediately go into the platform and post transport requirements by entering their information and instructions individually for each trucker. The information can also be replicated to as many truckers as necessary. We will then issue these client requests to different truckers, and they can plan the entire transport operation.

We centralize the dispatching, routing, and loading through a singular platform. The clients can get all information they would need about a vehicle or material on our platform, and they can track key performance indicators (KPIs) such as load utilization, and load cycle analysis as well. They get to analyze the efficiency of cycle times while considering factors such as the road’s condition, load on the truck, and weather. Through our experience, we have found out that many of these variables are highly predictable and thus we have fed this information in our system to help dispatchers monitor cycle time. And should they increase beyond the entered threshold, the platform can notify them and enable them in re-synchronizing the activity. This allows them to create an efficient cost-per-load workflow and reduce costs at the same time as the contractors and dispatchers can update the trucks’ logistical stance accordingly.

Please elaborate on the platform’s built-in payment feature.

We pay the truckers weekly through our payment model, which mitigates significant problems in the industry associated to truckers’ monthly payments. We collect money from the contractors and material producers through our payment gateways in two ways: credit cards and ACH.

Over the last two decades, truck drivers’ incomes have been stagnant as the cost of living has increased. To solve this, they have to be paid in a fair manner, their expenses during delivery must be reduced, and more jobs must be created for them. We have built a component called TRUX Chrome, which is a procurement platform where we use volume purchasing to reduce fuel, tire, and maintenance prices, and also provide them with insurance and financing options. These measures can lower costs incurred by truckers during transport operations which can amount to $40,000 annually.

What lies ahead in the future for TRUX?

There are three dimensions that we will be concentrating on in the next 12-18 months. Geographically, we will be expanding to the 50 largest metros in the U.S. We have invested time and money in 2018 toward this goal by tying up partnerships that will allow us to scale to a national footprint.

Secondly, we will be expanding our services in the marketplace and will also start a service to export construction materials, which has never been done before in the business. We will also be operationalizing value-added services, which might include data analytics services and inventory management solutions. Lastly, we are also planning to expand to adjacent markets such as flat and tanker trucks. There are many different elements that we can offer to create efficiencies within the construction chain, and going forward, and we will be following a path toward ultimate innovation.