Fleeting

About the offering

Trucking companies are losing money due to underutilization. Fleeting is solving a multi-part problem. Trucking company fleets are underutilized due to drivers calling out of work, leading to revenue losses. Companies often pay between $6K and $15K to recruit new truckers. Combined with the fact that driver churn is 89% for large for-hire truckload carriers and 73% for small for-hire truckload fleets, driver acquisition costs become prohibitive for trucking companies. In addition, trucking regulations limit driver hours-of-service, which, in turn, limits trucker productivity. More trucks and drivers are needed to carry the same amount of freight. Solution - Fleeting: vetted, on-demand truck drivers. Fleeting has developed a marketplace that provides trucking companies with a pool of vetted, on-demand truck drivers to operate their trucks. Fleeting’s vetting process involves background checks, drug tests and reviews of previous employment. Companies can use these metrics to evaluate potential drivers. Once a company identifies a driver that is a good match, they can reach out to them when necessary. Factors like driver call-outs, vacations, and the general need for more drivers to take on assignments all work together to create demand for verified Fleeting drivers. Trucking companies can maximize efficiency and Fleeting drivers have access to new employment opportunities. Fleeting provides…

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