There seems to be an Uber for everything these days, and the trucking industry is no exception. Take China, for example. Truck Alliance, Inc., an online trucking logistics company that provides services to truckers and shippers in China, has earned the reputation “Uber for trucks” due to its similarity to the popular ride-hailing service.
The company, which trades under the name Huochebang (translated as “truck gangs”), operates an online platform that directly matches empty cargo trucks with suppliers needing to transport goods — not unlike Uber’s method of connecting people with cars.
According to Bloomberg, trucks carry more than 80 percent of the goods delivered in China. And while the logistics sector was valued at $1.6 trillion in 2013, the trucking industry remains fragmented and inefficient. Trucks stand empty 40 percent of the time.Given that individuals own more than 90 percent of trucks on the road in China, anything that can reduce that percentage is more than welcome.
And it appears to be working.
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