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GoLoad Dynamic Load Matching Combats Trucking Capacity Crisis

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GoLoad Dynamic Load Matching Combats Trucking Capacity Crisis

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Trucks move roughly 70% of our nation’s freight (by weight), effectively moving 10.4 billion tons of freight
annually, including 2017. With these numbers, it’s easy to see why our nation is facing a capacity crisis —
where the industry has an abundance of loads, but a limited amount of capacity (or trucks) to ship those loads.
For example, at the end of 2017, the ratio was seven loads to every one truck, and in early 2018, some reported their highest monthly average in history: nine loads for every truck. In this slideshow, learn more about the trucking capacity crisis and how technology can help fill the gap in the marketplace.

Trucks move roughly 70% of our nation’s freight (by weight), effectively moving 10.4 billion tons of freight
annually, including 2017. With these numbers, it’s easy to see why our nation is facing a capacity crisis —
where the industry has an abundance of loads, but a limited amount of capacity (or trucks) to ship those loads.
For example, at the end of 2017, the ratio was seven loads to every one truck, and in early 2018, some reported their highest monthly average in history: nine loads for every truck. In this slideshow, learn more about the trucking capacity crisis and how technology can help fill the gap in the marketplace.

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GoLoad Dynamic Load Matching Combats Trucking Capacity Crisis

  1. 1. B A T T L E T H E C A P A C I T Y C R I S I S : DYNAMIC LOAD MATCHING WITH GOLOAD + E L D C O M P L I A N C E W I T H M y 2 0 E L D
  2. 2. Trucks move roughly 70% of our nation’s freight (by weight), effectively moving 10.4 billion tons of freight annually, including 2017 (1). With these numbers, it’s easy to see why our nation is facing a capacity crisis — where the industry has an abundance of loads, but a limited amount of capacity (or trucks) to ship those loads. For example, at the end of 2017, the ratio was seven loads to every one truck (2), and in early 2018, some reported their highest monthly average in history: nine loads for every truck (3). The problem? There’s no extra capacity available. However, that does mean prices will be extremely competitive. The solution? Using dynamic load matching technology, like GoLoad, to push available, relevant loads straight to your phone. THE TRUCKING CAPACITY CRISIS S o u r c e s : 1 . h t t p : / / w w w . t r u c k i n g . o r g / N e w s _ a n d _ I n f o r m a t i o n _ R e p o r t s . a s p x 2 . h t t p : / / w w w . l o g i s t i c d y n a m i c s . c o m / t r a n s p o r t a t i o n - c a p a c i t y - c r i s i s - 2 0 1 7 / 3 . h t t p s : / / w w w . c c j d i g i t a l . c o m / c a p a c i t y - c r u n c h - b r e e d s - n e w - f r e i g h t - m a t c h i n g - t e c h /
  3. 3. Heavy-Duty, Class 8 Trucks THE U.S. TRUCKING INDUSTRY 3.6M DRIVER & CAPACITY DEMANDS ARE RISING F A C T S & F I G U R E S Sources: http://www.trucking.org/News_and_Information_Reports.aspx http://www.trucking.org/ATA%20Docs/News%20and%20Information/Reports%20Trends%20and% 20Statistics/10%206%2015%20ATAs%20Driver%20Shortage%20Report%202015.pdf To keep up with the demand, the trucking industry will need to hire, roughly: new drivers over the next decade. of our nation's freight (by weight). That's 10.42 billion tons! 70% Trucks move roughly Trucks move 10.42 billion tons of freight annually. To move that amount of freight, it takes: 3.6M Truck Drivers 38B Gallons Of Diesel Fuel 898,000 9 LOADS : 1 TRUCK Current capacity demand ratios are:
  4. 4. “With shippers and third-party logistics (3pl) providers scrambling to find capacity and lock it down, 2018 could be the year of freight matching technology.” - CCJ Article, "Capacity Crunch Breeds New Freight Matching Tech.”
  5. 5. Rather than use traditional load boards, where you wait for carriers to search for loads and respond, the latest technologies can find capacity in freight networks several days in advance. FREIGHT MATCHING TECH 1 Big data and predictive analysis find capacity in freight networks. 2 Location-based truck tracking and predictive freight capacity data content are then used to match freight with available capacity. 3 Carriers and drivers share the hours they have, and will have available, directly from their ELDs.
  6. 6. T H E W O R L D ' S F I R S T D Y N A M I C L O A D M A T C H I N G E N G I N E Load opportunities right from your mobile device. GoLoad inverts the brokerage and load board process — instead of carriers having to search for loads, it sends relevant opportunities to carriers. Integrated within the My20 ELD app, GoLoad eliminates the largest source of waste for fleets: empty miles. LOAD OPPORTUNITIES COME TO YOU INSTANT TRANSPARENCY BETWEEN SHIPPERS & CARRIERS GoLoad transactions are based on a fixed, transparent fee. Once shipper and carrier agree on the transaction, both parties are given a single, transparent receipt that clearly shows the shipper and carrier fee. RESOLVED DETENTION, FUEL & PAYMENT FACTORS GoLoad automatically measures detention based on telematics to ensure fairness to shipper and carrier (automatically billed at the rate of $200 per hour for any time the driver is detained beyond 90 minutes, combined, at pickup and drop- off locations). Fuel is billed automatically based on real-time, transparent fuel prices in the lane. Payment terms for GoLoad transactions are EFT within 48 hours of proof-of-delivery.
  7. 7. H O W I T W O R K S
  8. 8. Q U I C K O V E R V I E W & A D D I T I O N A L B E N E F I T S Uses location, hours and economic factors — the rate the carrier/driver is looking for — to send relevant load matching opportunities directly to the carrier's or driver's smartphone app. 1 2 3 Integrated into the My20 ELD to create one simple, yet powerful, tool that helps you run your business better. GoLoad can be extended to other ELD providers and telematics companies through APIs. 4 Total transparency from load notification to payment.
  9. 9. “Rather than limit capacity, as many believed the ELD rule would do, the technology seems to have put carriers in the driver’s seat by sharing the capacity they have available to shippers and 3pls days in advance. This new development could eliminate the time they spend searching for loads.” - CCJ Article, "Capacity Crunch Breeds New Freight Matching Tech.”
  10. 10. ELD COMPLIANCE MADE EASY & REWARDING Simple, powerful, and productive features. Affordable pricing. Everything you’d expect from an ELD...and more! Real-time, dynamic load matching opportunities with GoLoad. Fuel and driver rewards through GoFuel. Self-certified and FMCSA registered. & GET YOUR ELD AT KONEXIAL.COM
  11. 11. “The American truck driver is the hero and the real reason for everything that we do at Konexial. These men and women move 80% of the freight in America, and are responsible for the arrival of all of the things that we use every day. Our philosophy at Konexial can be summed up into two words… Drive LIFE. We are committed to creating technology to enable drivers to improve their lives.” - The Konexial Team Konexial’s founders share over 100 years of combined logistics experience in Fortune 500 companies.
  12. 12. 8 6 5 - 8 8 8 - 6 9 2 0 ( M Y 2 0 ) C o n t a c t @ K o n e x i a l . c o m w w w . K o n e x i a l . c o m CONTACT KONEXIAL I M P R O V E Y O U R B O T T O M L I N E & M E E T E L D C O M P L I A N C E W I T H U S

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