Trucker Path

Trucker Path
Private
Industry Transport
Founders Viktor Radchenko, Ivan Tsybaev
Headquarters San Jose, California[1]
Key people
 Ivan Tsybaev (CEO)[2]
Services road transport, logistics
Website truckerpath.com

Trucker Path is an American transportation network company specializing in road transport truckers. The company released their trip planning and resource locator mobile app Trucker Path in early 2013, followed in 2015 by Truckloads, an online marketplace specializing in connecting freight companies to users.[3] In March 2015 the applications were used by 100,000 users,[4] which had grown to 450,000 (25% of all Class 8 truckers in the U.S.) active users by August of the same year.[2] One year later the app reached 1,000,000 downloads[5]. Also the same month Trucker Path announced[6] the release of Truckloads app for Android & iOS and web version.

History

The early version of the application for truck drivers was created by Viktor Radchenko, who was inspired to make the application after listening to troubles his friends employed in the trucking industry had in finding truck stops.[7] Trucker Path was the fourth application Radchenko had developed since moving to Silicon Valley from his native Ukraine in 2010, and he did not have any direct experience in the trucking industry prior to creating the application.[7]

The early beta version of the application was launched in February 2013, and by August had 50,000 active weekly users.[7] In October 2013 Radchenko worked together with Ivan Tsybaev to officially found the company, with Tsybaev acting as the business' first CEO and Radchenko as the chief technology officer.[8][9][10] Tsybaev brought the big picture and envisioned the company becoming a freight transportation marketplace, but in order to build up a user base focused on the crowdsourced application for truck drivers as a crowdsourced navigational assistant that helped truckers with finding truck stops, parking, rest areas, washers and other places, also helping truck drivers to plan their trips.[11] The application was awarded at the 2013 LA Auto Show, where it was named one of the eight finalists for Fastpitch, a competition for automobile-related startups.[12] In February 2014, Radchenko left his position as chief technology officer at Trucker Path.[13] Initially, the application focused on trucking data primarily from the United States of America.[12]

In 2015, Charles Myers, joined the company as the vice president of business development, after acting as the general freight manager for uShip, and being the president of freight posting service Getloaded (sold in 2008), and Director of International Business Development at England Logistics.[2] In September 2014, the company was funded US$1.5 million by China-based public company Renren, founded by American citizen and MIT/Stanford graduate Joseph Chen, that was actively investing in the U.S. based companies to expand into the Chinese market.[4] In the same month, Trucker Path released Truckloads, a B2B marketplace specializing in connecting transportation brokers to carriers. Initially the application had an invite only system,[14] with a public beta released in July 2015.[2] Truckloads features FastPay, a payment system which guarantees payment to qualified transactions approved truckers within 48 hours.[2] In June 2015, Trucker Path raised US$20,000,000 of capital from Chicago-based Wicklow Capital.[15] In July 2015 Dave Holt joined the company as COO, a recognized Silicon Valley veteran, serial entrepreneur and executive (ATI, AMD, Disney), to help the company growth. Also that month Charles Myers joined the Board of Directors.

CEO Ivan Tsybaev feels that the popularity of Trucker Path and other trucking platform applications was on the technological gains, and benefits for owner-operator truck drivers since the smartphones adoption rate in the industry significantly increased during the recent years.[16] He believes that these applications will replace dispatchers for owner-operator drivers.[16]

Trucker Path application

The main Trucker Path application for iOS and Android platforms provides information for truck operators, including locations of truck stops, weigh stations and car wash facilities specialized for trucks.[4][10] In March 2016 a new set of features has been added to the main Trucker Path app. The Pro version of Trucker Path now includes Fuel View feature that lets drivers see fuel prices on the map and greatly facilitates trip planning[17].

Of the 5,217 listed truck stops in the Trucker Path database in late 2013, 3,277 of them were independently run truck stops. Information gathered on the location of these stops was gathered based on user generated input and ratings.[7] Each location can be given a star rating by users.[7] The application has both a free version and a premium version. The premium package features Trip Planner, software to generate paths while planning trips, generated from an offline map database stored on the user's cellphone.[7]

Truckloads application

Launched in July 2015[18] Truckloads is the company’s newest app, enabling its users to easily and quickly access available trucking capacity across all North American markets[19][20].

After a period of beta testing, Truckloads has so far been downloaded 25,000 times and expects to achieve 10,000 weekly active users and sustained 15% weekly growth by the end of March. Currently, 300 brokers are posting over 800,000 loads per month using our platform. Trucker Path expects 325 more brokers to join the platform in the near future. Truckloads offers its users access to more than 150,000 owner operators who have installed and enabled the PRO version of our core Trucker Path app[21].

The latest updates also cover the other side of the interaction, allowing truck drivers to inform customers of their availability status using the new feature called Truck posting. On March 30 the feature has been rolled out on Trucker Path Android first and then across all supported platforms - Truckloads app and Trucker Path on iOS[22].

References

  1. ↑ Levine, Barry (7 June 2015). "Truckers, these two companies are revving up efforts to disrupt your industry". Venture Beat. Retrieved 26 July 2015.
  2. 1 2 3 4 5 "Trucker Path Announces Wider Availability for its New Truckloads App". Layover.com. July 2, 2015. Retrieved July 12, 2015.
  3. ↑ Whelan, Robbie (7 May 2015). "Mobile Apps Get Picked Up by Independent Truckers for Better Routes". The Wall Street Journal. Retrieved 26 July 2015.
  4. 1 2 3 Lardinois, Frederic (March 5, 2015). "Trucker Path Raises $1.5M From Renren To Help Truckers Truck Better". Tech Crunch. Retrieved July 10, 2015.
  5. ↑ "Trucker Path reaches 1 million downloads milestone". Overdrive. Retrieved 2016-04-11.
  6. ↑ "Trucker Path’s Truckloads freight marketplace now publicly available". Commercial Carrier Journal. Retrieved 2016-04-11.
  7. 1 2 3 4 5 6 Hanson, Aprille (August 2013). "23-Year-Old Ukrainian Whiz Kid Builds Trucker Path App; It’s His ‘labor Of Love’". The Trucker. Virtual Online. Retrieved July 13, 2015.
  8. ↑ "Trucker Path". Crunch Base. Retrieved July 13, 2015.
  9. ↑ "The Extreme Truckers Show™". The Extreme Truckers Show. Blog Talk Radio. December 20, 2013. Retrieved July 13, 2015.
  10. 1 2 "Anímate a ayudar a los camioneros creando una aplicación como Trucker Path" (in Spanish). Diario de Emprendedores. December 3, 2013. Retrieved July 13, 2015.
  11. ↑ O'Donovan, Caroline (June 30, 2015). "This App Keeps Truckers Rolling In An On-Demand World". BuzzFeed. Retrieved July 10, 2015.
  12. 1 2 "LA Auto Show’s Connected Car Expo FASTPITCH Competition Finalists Revealed". LA Auto Show. October 29, 2013. Retrieved July 12, 2015.
  13. ↑ "Viktor Radchenko". Crunch Base. Retrieved July 13, 2015.
  14. ↑ "What has your smartphone replaced?". Overdrive Magazine. March 11, 2015. Retrieved July 12, 2015.
  15. ↑ Butcher, Mike (June 30, 2015). "Trucker Path Raises $20M To Claim The Uber For Truckers Moniker". Tech Crunch. Retrieved July 12, 2015.
  16. 1 2 Dills, Todd (April 3, 2015). "On-demand load matching: Where it’s on the way". Overdrive Magazine. Retrieved July 12, 2015.
  17. ↑ "Freight companies can now easily access available trucking capacity nationwide". www.ajot.com. Retrieved 2016-04-11.
  18. ↑ "Want to boost your business? Join the Truckloads community.". truckerpath.com. Retrieved 2016-04-11.
  19. ↑ "Trucker Path Launches Truckloads App for iOS, Increases User Capabilities - Products - Fleet Management - TruckingInfo.com". www.truckinginfo.com. Retrieved 2016-04-11.
  20. ↑ "Trucker Path opens beta testing of truckload freight marketplace". Commercial Carrier Journal. Retrieved 2016-04-11.
  21. ↑ "Trucker Path Launches Truckloads App for iOS, Increases User Capabilities - Products - Fleet Management - TruckingInfo.com". www.truckinginfo.com. Retrieved 2016-04-11.
  22. ↑ "Trucker Path Launches Truckloads Freight Marketplace | Transport Topics Online". Retrieved 2016-04-11.

External links

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