Without significant changes to the business model and talent pool, the truck driver shortage is estimated to hit 160,000 drivers by 2028, according to Deloitte. Since the 1980s, the industry has experienced high turnover rates, in large part due to low wages and the poor health effects associated with the job. Lots of tools are being built for brokers and shippers, but not nearly enough is being done for the truck driver who's actually doing the really hard work."įreight movement is expected to rise from 17.4 billion tons in 2015 to 25.5 billion tons by 2045, an increase that coincides with a decrease in truck drivers. "The job of being a trucking entrepreneur is getting harder and harder. "We cater to owner-operators and truck drivers who have one or more trucks and are managing their business while also doing the job of moving goods from point A to point B," Tobenna Arodiogbu, co-founder and CEO of CloudTrucks, told TechCrunch. The company also wants to broaden its digital integration with brokers and shippers. CloudTrucks is hiring in almost all areas, with a focus on engineers and data scientists to help double down on product, as well as customer service professionals to support truckers on the road. The company will use the funds to increase headcount as it expands its business, which operates in the United States. CloudTrucks wants to use technology to help trucking entrepreneurs operate their business: The California-based startup sells business management software that helps owner-operators manage cash flow and costs, generate revenue, handle insurance, and more, and it just raised a $115 million Series B.
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