As global supply chains become more complex and demand for efficiency rises, new trucking companies challenge traditional logistics with innovative solutions in freight management, autonomous driving, and fleet security. These companies enhance operational efficiencies and contribute to a greener, more sustainable trucking landscape.
This article delves into the developments within the trucking industry, offering detailed insights into:
- Emerging Trends Shaping the Trucking Sector
- Profiles of 10 Emerging Trucking Companies
- How to Scout New Trucking Companies Easily
Key Takeaways
Drawing insights from the Big Data & AI-powered StartUs Insights Discovery Platform that provides data on over 4.7+ million emerging companies globally, we explore the evolving landscape of the trucking industry. This sector is marked by key trends and a substantial workforce, shaping its future. Here are some key insights at a glance:
- Current Trucking Trends: Some of the latest trends in the trucking industry include fleet management, sensors, autonomous trucks, robotization, and trucking analytics.
- Trucking Industry Stats: The trucking industry encompasses 20K+ organizations, with 1.2K+ new entrants in the last five years. While the average founding year is 2020, it received an average funding of 40.2 million.
- 10 New Trucking Companies to Watch:
- EnvioHQ – Load and Fleet Management
- Online Trucking Solution – TMS for Owner Operators and Fleets
- Shyft Trucking – Freight Management
- Flits – Fleet Tracking and Maintenance
- Trucknetic – Real-time Control and Zero Waste Transport
- DriverFly – Truck Driver Recruitment
- DispatchX – Cloud Platform for Dispatcher Workflows
- KARLO – Digital Ecosystem Solution
- NOROn – Autonomous Truck System
- Konvoi – Preventive Truck Security Solution
Latest Trends Reshaping Trucking Industry
Fleet Management
Digital fleet management solutions leverage cloud computing and IoT to optimize operations. This technology enables real-time tracking of vehicles, fuel management, and maintenance scheduling. By integrating telematics data, fleet managers improve route planning, reduce idle times, and enhance driver safety.
Sensors
Sensors in the trucking industry advance vehicle diagnostics and safety monitoring. Equipped with various sensors, trucks monitor tire pressure, cargo conditions, and engine performance in real-time. This data provides preventive maintenance and ensures cargo integrity. Similarly, collision avoidance systems use radar and cameras to enhance road safety.
Autonomous Trucks
Self-driving semi-trucks or autonomous trucks, equipped with advanced AI, GPS, and software, navigate roadways with minimal or no human intervention. These autonomous vehicles react to road conditions and avoid obstacles, allowing for the complete substitution of human drivers. With the removal of restrictions related to drivers’ operational hours, autonomous trucks ensure increased vehicle utilization and enhanced productivity.
Robotization
Robotization in trucking extends beyond autonomous driving to include automated loading and unloading systems as well. Robotics technology streamlines warehouse operations, reduces manual labor, and enhances loading efficiency. Autonomous mobile robots (AMRs) and robotic arms synchronize further with truck schedules to ensure precise and time-efficient cargo handling.
Trucking Analytics
Big data and analytics in trucking leverages data generated by onboard telematics and external sources. Advanced analytics and AI algorithms then provide detailed insights into fuel efficiency, driver behavior, and vehicle performance. Companies utilize these insights to make data-driven decisions, enhance operational efficiency and reduce costs.
Also read: Top 10 Trucking Industry Trends in 2024
Discover 10 Out of 1.2K+ Emerging Trucking Companies
In this segment, we explore 10 trucking company names setting new benchmarks in the industry. Each company brings a unique solution to the table, from intelligent freight management platforms and dynamic load matching to groundbreaking autonomous truck systems and robust security solutions. By embracing technologies like AI, machine learning, and IoT, these best trucking companies solve long-standing challenges in logistics, improving safety, reducing carbon footprints, and optimizing fleet operations for carriers and shippers alike.
Note on Signal Strength
One of the unique metrics we feature for each company is Signal Strength, a proprietary data point generated by our Discovery Platform. Signal Strength gauges the extent to which a company’s influence has permeated the global ecosystem of startups, scaleups, and emerging companies. This proprietary metric serves as a valuable guidepost for understanding a company’s standing in the broader market landscape.
1. EnvioHQ
- Founding Year: 2023
- Employee Range: 2-10
- Location: USA
- Signal Strength: Very Strong
- What they do: EnvioHQ provides a transportation management system (TMS). It features load planning, fleet management, truck maintenance, international fuel tax agreement (IFTA) reporting, driver management, and document simplification. The system allows users to enter details such as customer information, contacts, and pickup and drop-off locations. It also facilitates dispatching by assigning trucks and drivers and conveying all necessary trip information to ensure readiness. Moreover, EnvioHQ enhances operational transparency by offering real-time load tracking, enabling drivers to submit receipts and expenses on the go.
2. Online Trucking Solution
- Founding Year: 2020
- Employee Range: 11-50
- Location: USA
- Signal Strength: Very Strong
- What they do: Online Trucking Solution (OTS) offers a suite of solutions to streamline trucking accounting systems that also integrate trucking business activities in one platform. The dispatch module features an interface that simplifies workflow, while the accounting function allows for efficient management of invoices, income, and expenses, offering detailed reports on financial performance. OTS’ IFTA automates tax return preparation, enhancing decision-making capabilities and future growth potential. OTS also offers equipment profiles, load trucking invoices, and unlimited storage. Additionally, users assess and generate reports such as fuel data, expenses, and maintenance data in real-time.
3. Shyft Trucking
- Founding Year: 2020
- Employee Range: 11-50
- Location: Pakistan
- Signal Strength: Very Strong
- What they do: Shyft Trucking simplifies trucking logistics with a platform that connects shippers and transporters. It provides web and mobile apps for booking loads and scheduling rides. Further, its proprietary bidding system enables transporters to offer competitive rates for loads. The platform offers real-time tracking of goods, providing updates directly to the web, app, and mobile notifications. After quoting and accepting rates, a truck is assigned for shipment pick up and delivery.
4. Flits
- Founding Year: 2019
- Employee Range: 1-10
- Location: Indonesia
- Signal Strength: Very Strong
- What they do: Flits offers transport management software for trucking operations, featuring sales, fleet tracking, maintenance, customer portals, and accounting. This fleet software enhances customer service with a real-time order and payment tracking portal, providing detailed profit and loss reports per vehicle. Further, it is tailored for Indonesian trucking businesses with bilingual support and apps for order dispatch and location tracking. With Flits, the office admin creates a sales order and assigns it to a driver who receives it in real time. The driver then uploads proof of delivery directly to the app, allowing the admin to generate and send an invoice to the customer.
5. Trucknetic
- Founding Year: 2019
- Employee Range: 51-100
- Location: India
- Signal Strength: Very Strong
- What they do: Trucknetic offers an app that matches carriers with their next load and connects shippers with drivers. Leveraging AI and automation, the app facilitates quick access for carriers to find their next job and for shippers to find trucking services. Additionally, Trucknetic reduces fuel consumption, carbon emissions, and waste.
6. DriverFly
- Founding Year: 2021
- Employee Range: 11-50
- Location: USA
- Signal Strength: Very Strong
- What they do: DriverFly provides a digital platform that connects commercial driving license (CDL) and non-CDL drivers with transportation companies. The platform offers three solutions: Applicant Tracking System, Digital Hiring Application, and Recruiting Services. DriverFly optimizes driver recruitment and simplifies the hiring process with the Applicant Tracking System. The Digital Hiring Application streamlines driver applications with an intuitive, error-checking interface that supports multiple languages and formats. Its Recruiting Services connects companies with a network of qualified CDL drivers, ensuring ideal matches for local, regional, or over-the-road (OTR) needs, filling positions, and keeping fleets active.
7. DispatchX
- Founding Year: 2022
- Employee Range: 2-10
- Location: Serbia
- Signal Strength: Medium Strong
- What they do: DispatchX offers a cloud-based platform to streamline dispatcher workflows. The platform features five modules: Database Module, Dispatch Module, Report Module, Accounting Module, and Statistic Module. The Database Module maintains a database of a carrier’s assets for resource allocation. The Dispatch Module tracks load progress and sends updates and reports. The Accounting Module logs financial transactions related to each load while the Statistic Module uses visual aids like pie and bar charts to help management make informed decisions about company resources. Thus, DispatchX reduces paperwork, enhances efficiency with timely notifications and asset management, and personalizes load matching for the dispatcher.
8. KARLO
- Founding Year: 2022
- Employee Range: 11-50
- Location: Indonesia
- Signal Strength: Very Strong
- What they do: KARLO provides an integrated system that streamlines logistics operations. The system features live order tracking, order assignment, route optimization, proof of delivery, interactive chat, and truck details. The platform comprises four products: K-Shipper for web-based shipment management, K-Fleet for order and fleet oversight, K-Trip, a mobile app for drivers digitizing the delivery process, and K-Field for digital load management and signatures. Shippers benefit from reliable truck booking, detailed order and tracking information, transparent operations, competitive pricing, and flexible payments. Benefits of transporters include simplified management, increased sales, optimized return routes, and detailed delivery reports.
9. NOROn
- Founding Year: 2021
- Employee Range: 2-10
- Location: Iran
- Signal Strength: Medium Strong
- What they do: NOROn develops a Human Inspired Autonomous Truck System (HIATS) based on the human cognitive state. Its SaaS ecosystem includes four modules: AI-Powered Perception, Localization and Mapping, Robotic Actuators, and Fleet Analytics Platform. AI-Powered Perception integrates software stack, sensory arrays, and processing hardware. Localization and Mapping utilizes 3D maps created through LiDAR and global navigation satellite system (GNSS). Robotic Actuators translate AI commands into action while the Fleet Analytics Platform offers behavioral data on drivers and trucks. The NOROn Labeling & Training Platform further provides a workspace for engineers to access labeled data and refine AI models, lowering variable costs and increasing revenue.
10. Konvoi
- Founding Year: 2020
- Employee Range: 2-10
- Location: Germany
- Signal Strength: Very Strong
- What they do: KONVOI provides a preventative security product to address theft, damage, and operational inefficiencies. The product features compact and discreet housing, incorporating GPS and LTE modules with sensors. The company provides a blend of data analysis, personalized recommendations, and cost-effective action plans for enhancing fleet security and efficiency. Data analytics forms the basis for action plans suited for each shipping company, improving decision-making and operational efficiency.
Tips to Quickly Find New Trucking Companies
Utilizing a SaaS platform like the Discovery Platform for identifying new trucking companies provides significant benefits compared to traditional scouting methods:
- Increased Efficiency: The Discovery Platform offers advanced tools that streamline the scouting process. It replaces your hours of conventional desk research, saving time and resources in identifying trucking innovations.
- Access to Real-time Insights: Gain a competitive edge with up-to-date information on the latest trends in the trucking industry. The platform keeps you informed with near real-time updates on emerging trucking companies and news, enabling you to make swift and informed decisions.
- Precise Scouting: Customize your search to focus on specific niches within the trucking sector, such as load and fleet management, autonomous truck systems, and freight management. The platform’s diverse filtering options allow you to target your scouting efforts precisely, ensuring that you find the most relevant and groundbreaking companies in the field.
Ready to Explore All Trucking Companies?
We’ve explored the dynamic landscape of the trucking industry, examining the latest trends and spotlighting exceptional companies driving innovation. To dive deeper, download our detailed free Transportation Report or schedule a demo of the Discovery Platform for a customized exploration of these groundbreaking developments.
