3. Total distance traveled in highway miles:
93,512,000,000 per year
256,197,260 per day
2,965 per second
THE TRUCKING INDUSTRY
Generating $650
Billion in annual
revenue
Trucking accounts for
84% of all freight
transported annually
in the US.
4. CHALLENGES
Main challenges customers face when ordering commercial
freight are:
1. Pricing: Shippers use brokers, who
charge 30-40% in commissions
2. Order Tracking: Uncoordinated arrivals, wait fees
and other inefficiencies are
common
3. Marketplace Access: Small businesses (6 or fewer
trucks) represent over 90% of the
industry, and depend on
overpriced brokers to connect
them with customers
5. SOLUTION
TransLGX uses a competitive reverse bidding process to
let truckers compete for the business, enables real-time
freight tracking, and centralizes access to a nationwide
network of independent owner operators
10. REVENUE SOURCES
➢ 10 % transaction fee for all loads sold
Other revenue sources:
● Factoring (freight and fuel)
● Reselling of electronic logging services
● Data sales
● Ad sales
● Referral fees
11. COMPETITOR OVERVIEW
Feature Cargo-
matic
Convoy Uship Freight-
quote
Traans-
mission
TransLGX
Competitive bidding X X ✔ X X ✔
Specialized in long haul freight X X X ✔ ✔ ✔
Real time tracking (E-Log, GPS data) ✔ ✔ ✔ X ✔ ✔
Reliable ETAs ✔ ✔ ✔ X ✔ ✔
Fast payment to driver X X ✔ ✔ X ✔
Intuitive user experience ✔ ✔ ✔ X ✔ ✔
Same-day orders ✔ ✔ X ✔ ✔ ✔
Next-day orders ✔ ✔ X ✔ ✔ ✔
Direct communications w/ driver X X ✔ X ✔ ✔
Dashboard to manage all loads in transit X ✔ ✔ X X ✔
Fees of less than 15% X X X X X ✔
Carrier & Shipper reviews ✔ ✔ ✔ X X ✔