Loadsmart featured in Frost & Sullivan report on startups disrupting the global connected truck market. After creating an exhaustive list of startups in the global connected truck market, Frost & Sullivan compiled research on a list of the top 20 performing companies—and Loadsmart is one of the companies that is included in this carefully curated list.
The study features startups from all over the world, and includes fleet management solutions, digital freight brokering, video safety and autonomous trucks as the major markets considered for analysis.
As the report mentions, this industry presents a $245 billion opportunity, with startups creating a 20 to 30 percent reduction in R&D spending as well as three to five years of reduction in time-to-market. And with more than 35 million trucks globally being connected by 2020, it’s more imperative than ever to continue to disrupt the freight industry.
The inclusion in this report comes after we announced our Quote & Book API for full truckloads shipments. Thanks to our team, we are now able to experiment, develop and launch products faster and more efficiently.
Our goal is to rethink the way a truckload shipment is booked, how a carrier is sourced and how the freight gets moved—and this report is proof of the desire for disruption in an otherwise incumbent, traditional industry.
You can check out the abstract for the report for yourself, as well as some key listed stats on startups disrupting the global connected truck market.
Interested in booking a truck in seconds? Visit us here.
Felipe Capella is co-founder and Chief Product Officer.