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Fr8 Network

Unleashing the Power of Blockchain

The $700B US trucking industry is the backbone of American commerce with 80% of all cargo transported overland by trucks, yet it is plagued with inefficiency and ultimately controlled by a bloated intermediary brokerage system whose incentives are not aligned with the true stakeholders. Imagine forming a blockchain platform bringing together shippers, carriers, truckers and brokers where they can place and track orders, assess performance records, compare pricing and extend credit. Add in a set of decentralized applications (DApps) linking up these stakeholders--and a new digital token speeding their transactions--and you could cut billions of dollars in inefficiencies from the $700 billion-dollar-a-year trucking industry. That is the vision of Fr8 Network, a newly formed upstart that aims to take the pain out of shipping by targeting, in particular, the $66 billion a year in fees exacted by some 16,000 middleman brokerages. Some key points: · Potential savings are huge. Trucks travel an astounding 29.6 billion miles every year only partially loaded or entirely empty--a waste of capacity even as businesses struggle with a shortage of drivers. · Cut that unused capacity in half, and we could save $30 billion a year in fuel costs and reduce carbon emissions from trucks by 100 million tons per year, 20% of their total carbon output. · By matching customers to and carriers online, the industry could sidestep broker fees that pose up to 20% of the cost of shipping goods; cut fees in half and the industry saves some $30 billion.

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Unknown
Token
Fr8token
Price
1 Fr8token = 0.15 USD
Platform
Accepting
ETH
Country
USA
Whitelist/KYC
KYC
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About Fr8 Network

Fr8 Financial Services
Backed by Fr8token, Fr8 Financial Services provides access to cash flow for both carriers and shippers - from factoring carrier receivables at fraction of today’s rates, to expanding credit lines for shippers.
Software Solutions
Fr8’s complementary software solutions helps participants solve the complicated business challenges facing them today. Our first solution is a game-changing capacity planning and management toolset for carriers.
Rewards & Benefits
We understand that drivers want maximum time on the road at the lowest cost possible. Using the power of the network, we negotiate group discounts on fuel, lodging, personal benefits, and insurance - from health to auto.
Developer Tools
Freight is a big business -- much bigger than just trucking. Fr8’s developer tools enable app development with Fr8 Data, integration with core business software, and the ability to follow the value chain over sea and air by connecting to air and container freight platforms.

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