Trucknet Enterprise
Supply Chain Management and Optimization Platform
Company Overview
Snapshot
Founded in January 2014 by Hanan Friedman, Trucknet Enterprise is a public company with 11–50 employees. The company has raised $9.44 million across four funding rounds from five investors. In April 2021, Trucknet Enterprise went public on the Tel Aviv Stock Exchange (TASE).
Business overview
Trucknet Enterprise offers a comprehensive cloud-based platform leveraging artificial intelligence, business intelligence, and machine learning to optimize supply chain and transport processes. Its core technology facilitates cross-company automatic matching based on location, provides a B2B payment solution, and includes an online tool for calculating carbon emissions. The platform aims to minimize empty journeys for transportation and logistics companies by intelligently matching available vehicles with cargo. Trucknet Enterprise operates within the Automotive & Mobility Technologies sector, focusing on eco-efficient transportation and logistics, urban mobility, and operational optimization solutions, serving the broader transportation and logistics market.
Strategic signal
In March 2024, Trucknet Enterprise signed a deal to operate a line of fuel tankers from Israeli ports to Arab countries, with a pilot program underway. This strategic expansion into regional fuel transport signifies Trucknet's growing influence and ability to secure significant cross-border logistics contracts, indicating strong market validation and potential for substantial revenue growth in new geographic and operational segments.
Log in to access full profile ›Company Intelligence Q&A
- What significant partnership did Trucknet Enterprise announce in March 2024?
- In March 2024, Trucknet Enterprise signed a deal to operate a line of fuel tankers from Israeli ports to Arab countries. This agreement includes a pilot program to examine transport procedures, potentially leading to a significant logistics project.
- What strategic partnerships did Trucknet Enterprise form in December 2023?
- In December 2023, Trucknet Enterprise partnered with UAE logistics company Pure Trans and an Egyptian transport company to establish a special land bridge for transport from Dubai Port to Haifa Port. This collaboration aims to reduce transport costs and increase goods occupancy on trucks.
- What was the nature of Trucknet Enterprise's agreement with Cox Logistics in September 2023?
- In September 2023, Trucknet Enterprise signed a Memorandum of Understanding with Bahrain-based Cox Logistics to deploy its technology in Saudi Arabia for trucks servicing US military vehicles. This partnership aims to reduce costs and optimize resources for Cox Logistics.
- When did Trucknet Enterprise go public?
- Trucknet Enterprise went public on the Tel Aviv Stock Exchange (TASE) in April 2021.
- What was a key investment event for Trucknet Enterprise in August 2021?
- In August 2021, Trucknet Enterprise raised funding from investors including. This funding was intended to accelerate strategic expansion plans, particularly into the American market.