Taking the Heavy Out of Heavy-Haul-Slide Deck

Slide Deck
Pdf Summary
VeriTread is a technology company that operates in the freight transportation industry. They offer a marketplace model as well as an enterprise model to cater to different customer groups. Their technology platform includes various tools and features such as the world's largest transportation dimensions database, a freight estimator tool, a load advisor, a proprietary bidding engine, and a TSP vetting and rating system.<br /><br />The company aims to solve the industry's challenges and inefficiencies by providing automation, technology, and a network effect. Currently, the industry heavily relies on middlemen (third-party logistics providers) to overcome these inefficiencies.<br /><br />VeriTread's marketplace model targets online buyers and sellers, auction buyers and sellers, small businesses, and anyone with merchandise to transport. They charge a pay-per-load fee for their services.<br /><br />On the other hand, their enterprise model targets high volume shippers, equipment dealerships, OEMs, rental companies, large contractors, and government agencies. They follow a subscription SAAS model for this segment, with a one-time setup fee and a monthly fee.<br /><br />VeriTread has invested heavily in research and development over the past decade and has garnered credibility with all stakeholders. They have a large industry partnership network and have filed for multiple patents.<br /><br />The company's technology platform, VeriTread, aims to provide solutions to the transportation industry by offering tools for freight estimation, load advising, control and visibility, bidding and ratings, and auto-matching of freight with carriers.<br /><br />VeriTread reduces liability for its customers by providing access to pre-qualified carriers, ensuring compliance, and offering pricing assistance. Their platform also benefits transportation companies by increasing truck utilization, providing access to high-paying freight, and reducing reliance on brokers.<br /><br />Enterprise shippers can gain control and visibility of their freight operations, make informed business decisions, save money, and reduce business risk through automated compliance management.<br /><br />Auction buyers can benefit from integrated dimensions before auctions, accurate estimates, multiple bids after purchase, direct dispatch options, expert advice, and workflow/document management.<br /><br />VeriTread's board of directors includes industry veterans from companies like Ritchie Brothers, TAP Publishing, and Yoder & Frey Auctioneers.
Keywords
VeriTread
technology company
freight transportation
marketplace model
enterprise model
automation
network effect
compliance management
high-paying freight
workflow management