OUR MISSION
Empower truck
drivers’ lives
OUR MISSION
Empower truck
drivers’ lives
OUR MISSION
Empower truck
drivers’ lives
OUR MISSION
Empower truck
drivers’ lives
OUR MISSION
Empower truck
drivers’ lives
We’re driving change, starting with drivers.
Improving the industry through information.
Bringing more independence to independents.
Offering fair and equal access for all.
So drivers can move goods, and make good on their American dream.
The challenge
Simply put, the trucking industry is broken.
Truck drivers are the backbone of the American economy. They move 71% of our freight (~$800bn annually) and make up 6% of the American workforce.
But because the industry is so fragmented, opaque, and structurally misaligned, truck drivers end up spending a lot of time and money just to access the information they need to keep their businesses running.
Simply put, the trucking industry is broken.
Truck drivers are the backbone of the American economy. They move 71% of our freight (~$800bn annually) and make up 6% of the American workforce.
But because the industry is so fragmented, opaque, and structurally misaligned, truck drivers end up spending a lot of time and money just to access the information they need to keep their businesses running.
how drivers operate
At every turn, truck drivers and owner-operators face unnecessary challenges that take up their valuable time and money.
FINDING WORK
50+ APPS
Avg number of apps drivers use for work
FINDING WORK
50+ APPS
Avg number of apps drivers use for work
FINDING WORK
50+ APPS
Avg number of apps drivers use for work
FINDING WORK
50+ APPS
Avg number of apps drivers use for work
FINDING WORK
50+ APPS
Avg number of apps drivers use for work
FUELING UP
$60K
Avg amount drivers spend on fuel a year
FUELING UP
$60K
Avg amount drivers spend on fuel a year
FUELING UP
$60K
Avg amount drivers spend on fuel a year
FUELING UP
$60K
Avg amount drivers spend on fuel a year
FUELING UP
$60K
Avg amount drivers spend on fuel a year
GETTING PAID
30 Days
Time it can take for a broker to pay a driver
GETTING PAID
30 Days
Time it can take for a broker to pay a driver
GETTING PAID
30 Days
Time it can take for a broker to pay a driver
GETTING PAID
30 Days
Time it can take for a broker to pay a driver
GETTING PAID
30 Days
Time it can take for a broker to pay a driver
WHAT WE’RE BUILDING
We’re building a one-stop shop for truck drivers and owner-operators. This means one place to build, manage, and grow their businesses through our powerful suite of tools.
We’re building a one-stop shop for truck drivers and owner-operators. This means one place to build, manage, and grow their businesses.
THE INDUSTRY
THE INDUSTRY
The landscape is structurally fragmented
driving many of the inefficiencies we see today.
Over the last 5 years, the trucking industry has become increasingly digitized. In fact, app downloads from the largest freight companies have grown 680% since 2017.
The landscape is structurally fragmented driving many of the inefficiencies we see today.
Over the last 5 years, the trucking industry has become increasingly digitized. In fact, app downloads from the largest freight companies have grown 680% since 2017.
New tech made it easier for independent businesses, both owner-operators and brokers, to enter the market, resulting in an increase in drivers moving loads through thousands of small brokers – each with their own apps.
However, the small percentage of Big Players in this industry still control much of the information with zero incentive to share. This means today’s owner-operator needs dozens of apps and subscriptions to do their job every day.
However, the small percentage of Big Players in this industry still control much of the information with zero incentive to share. This means today’s owner-operator needs dozens of apps and subscriptions to do their job.
1.2M COMPANIES
The number of U.S. trucking companies
(and 96% operate 10 or fewer trucks)
Number of U.S. trucking companies (90% operate 6 or fewer trucks)
Source: trucking.org
Source: trucking.org
$950B REVENUE
Annual revenue generated by the trucking industry
Annual revenue generated by the trucking industry
Source: trucking.org
Source: trucking.org
53.9B GALLONS
The number of gallons of fuel trucks consume in a year
The number of gallons of fuel trucks consume in a year
$44M RAISED
The amount we’ve raised to build our one-stop shop for truck drivers
The amount we’ve raised to build our one-stop shop for truck drivers
Resources
©2024 TruckSmarter, Inc.
*TruckSmarter is a financial technology company and is not a bank. Banking services provided by Thread Bank, Member FDIC. The TruckSmarter Visa Debit Card is issued by Thread Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.
**The interest rate on your account is 2.63% with an Annual Percentage Yield (APY) of 2.66%, effective 12/18/2024. Rate is variable and is subject to change after account opening. Fees may reduce earnings.
***Your deposits qualify for up to $3,000,000 in FDIC insurance coverage when placed at program banks in the Thread Bank deposit sweep program. Your deposits at each program bank become eligible for FDIC insurance up to $250,000, inclusive of any other deposits you may already hold at the bank in the same ownership capacity. You can access the terms and conditions of the sweep program at https://thread.bank/sweep-disclosure/ and a list of program banks at https://thread.bank/program-banks/. Please contact with questions regarding the sweep program.
****Terms and conditions apply to the TruckSmarter cash back rewards program. Please see Program Terms for details.
Resources
©2024 TruckSmarter, Inc.
*TruckSmarter is a financial technology company and is not a bank. Banking services provided by Thread Bank, Member FDIC. The TruckSmarter Visa Debit Card is issued by Thread Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.
**The interest rate on your account is 2.63% with an Annual Percentage Yield (APY) of 2.66%, effective 12/18/2024. Rate is variable and is subject to change after account opening. Fees may reduce earnings.
***Your deposits qualify for up to $3,000,000 in FDIC insurance coverage when placed at program banks in the Thread Bank deposit sweep program. Your deposits at each program bank become eligible for FDIC insurance up to $250,000, inclusive of any other deposits you may already hold at the bank in the same ownership capacity. You can access the terms and conditions of the sweep program at https://thread.bank/sweep-disclosure/ and a list of program banks at https://thread.bank/program-banks/. Please contact with questions regarding the sweep program.
****Terms and conditions apply to the TruckSmarter cash back rewards program. Please see Program Terms for details.
Resources
©2024 TruckSmarter, Inc.
*TruckSmarter is a financial technology company and is not a bank. Banking services provided by Thread Bank, Member FDIC. The TruckSmarter Visa Debit Card is issued by Thread Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.
**The interest rate on your account is 2.63% with an Annual Percentage Yield (APY) of 2.66%, effective 12/18/2024. Rate is variable and is subject to change after account opening. Fees may reduce earnings.
***Your deposits qualify for up to $3,000,000 in FDIC insurance coverage when placed at program banks in the Thread Bank deposit sweep program. Your deposits at each program bank become eligible for FDIC insurance up to $250,000, inclusive of any other deposits you may already hold at the bank in the same ownership capacity. You can access the terms and conditions of the sweep program at https://thread.bank/sweep-disclosure/ and a list of program banks at https://thread.bank/program-banks/. Please contact with questions regarding the sweep program.
****Terms and conditions apply to the TruckSmarter cash back rewards program. Please see Program Terms for details.
Resources
©2024 TruckSmarter, Inc.
*TruckSmarter is a financial technology company and is not a bank. Banking services provided by Thread Bank, Member FDIC. The TruckSmarter Visa Debit Card is issued by Thread Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.
**The interest rate on your account is 2.63% with an Annual Percentage Yield (APY) of 2.66%, effective 12/18/2024. Rate is variable and is subject to change after account opening. Fees may reduce earnings.
***Your deposits qualify for up to $3,000,000 in FDIC insurance coverage when placed at program banks in the Thread Bank deposit sweep program. Your deposits at each program bank become eligible for FDIC insurance up to $250,000, inclusive of any other deposits you may already hold at the bank in the same ownership capacity. You can access the terms and conditions of the sweep program at https://thread.bank/sweep-disclosure/ and a list of program banks at https://thread.bank/program-banks/. Please contact with questions regarding the sweep program.
****Terms and conditions apply to the TruckSmarter cash back rewards program. Please see Program Terms for details.
Resources
©2024 TruckSmarter, Inc.
*TruckSmarter is a financial technology company and is not a bank. Banking services provided by Thread Bank, Member FDIC. The TruckSmarter Visa Debit Card is issued by Thread Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.
**The interest rate on your account is 2.63% with an Annual Percentage Yield (APY) of 2.66%, effective 12/18/2024. Rate is variable and is subject to change after account opening. Fees may reduce earnings.
***Your deposits qualify for up to $3,000,000 in FDIC insurance coverage when placed at program banks in the Thread Bank deposit sweep program. Your deposits at each program bank become eligible for FDIC insurance up to $250,000, inclusive of any other deposits you may already hold at the bank in the same ownership capacity. You can access the terms and conditions of the sweep program at https://thread.bank/sweep-disclosure/ and a list of program banks at https://thread.bank/program-banks/. Please contact with questions regarding the sweep program.
****Terms and conditions apply to the TruckSmarter cash back rewards program. Please see Program Terms for details.