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‘Uber of trucking’ Trucker Path muscles into $150B market

18 Dec

Viktor Radchinko, left, and Ivan Tsybaev built an app to pair truckers with shippers.
CEO: Ivan Tsybaev
Headquarters: Mountain View
Founded: October 2013
Employees: 2
Web: www.truckerpath.com
Phone: 347.549.5684

Trucker Path has developed an app that provides crowdsourced information for commercial truckers in the U.S. and connects them to shippers who have loads to move. In addition to potential assignments and logistical assistance, the app lets drivers share useful information such as locations of truck stops, rest areas, weigh stations and truck washes.

How it makes money

Trucker Path offers much of its information for free but gets most of its revenue from monthly fees it charges for premium packages that give carriers access to the truckloads marketplace and to route planning.

Business it could disrupt

Freight brokers and dispatch businesses.

Management team

Co-founder and CEO Ivan Tsybaevpreviously owned a company in commercial freight transportation (trucking and sea freight) in the U.S. with more than $1 million in sales in 2012. Co-founder and Chief Technology Officer Viktor Radchenko won a 2012 Yahoo Hackathon and was a key developer at secure communications startup Perzo.

Advisers

Max Skibinsky, founder and CEO at Hive7 (sold to Playdom/Disney), mentor at 500 Startups and partner at Andreessen Horowitz; attorney Yoichiro “Yokum” Taku of Wilson Sonsini Goodrich & Rosati.

Money sought

$300,000.

Awards

Won second place at the L.A. Auto Show’s Connected Car Expo FASTPITCH Competition and the Audience Choice Award at Silicon Valley Open Doors Conference in 2013.

Market potential

The size of the U.S. freight brokerage market (via trucking) is estimated to be $50 billion annually out of the $650 billion trucking industry. The size of the international market is estimated to be $150 billion annually.

Likely competitors

Freight brokers, online freight-matching services and online truck load bulletin boards including Getloaded, Internet Truckstop and DAT Load Boards.

 

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