Road freight industry set for disruption with launch of Loadsmile
Full steam ahead for start-up striving to tackle issues crippling one of Australia’s oldest industries Sydney:In a move set to disrupt the Australian road freight industry, Sydney-based start-up Loadsmile has launched its technology platform designed to empower the long tail of struggling small to medium-sized carriers. Loadsmile CEO and Co-Founder Geoffroy Henry said the sector is riddled with inefficiencies, most of which are addressable through technology. “Today’s road freight industry is incredibly wasteful ― millions of empty kilometres are being driven, trucks are underutilised, and overheads have increased. Currently, 30% of trucks in Australia are running with empty loads, and even when a truck has a load, it is rarely entirely full,” Henry said. “What’s more, we have spoken to hundreds of small and medium carriers who have said their drivers and trucks on average spend 2.8 days per five-day week (40%) without work2, and almost one-third (30%) of the costs they spend on resources are going to overheads not directly related to the truck or driver2. “This is due to an imbalance of power in the market, which is placing even more pressure on the small to medium trucking companies that are already chasing their tails to compete with the larger players.” In order to address the significant issue of wastage in the industry, Loadsmile’s digital platform live matches quality shippers with vetted and reliable carriers ― reducing empty miles and idle time for small to medium businesses and ultimately providing better service at a lower price. Funded by global incubator and investor Rocket Internet, this tech start-up has already secured interest from one of Australia’s largest shippers — BeCool, the last mile logistics arm of HelloFresh, will use Loadsmile’s services from day one. Loadsmile has on boarded more than 100 carriers already, providing access to thousands of trucks. […]