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Milestones 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.

2.6
3 2 expert ratings
Benchy 2.3
KYC
Experts
3.5
4.0
3.5
Review: coming soon PRO
~$1,213,222
value of tokens sold in ICO
Ended
Token
FR8
Type
IEO launchpad
Price in ICO
0.1500 USD
Country
USA
Whitelist/KYC
KYC
ICO start
16th Apr 2019
ICO end
22nd May 2019
Visit ICO website
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Milestones

1
May, 2017

Project initiated.

2
July, 2017

Proof of Initial Thesis - Direct carrier negotiation netted an 18% discount overnight, proving we didn’t need brokerages to drive deep savings.

3
August, 2017

1st Carrier Customers Onboarded - (Fr8 National Carrier Network). 8 regional carriers (complete lower 48 coverage). 500 independent carriers.

4
September, 2017

1st Shipper Customers Onboarded - (Fr8 National Shipper Network). Lewisco Holdings commits to ship $5m through Fr8 Market.

5
Q1, 2018

Blockdaemon Partnership announced. Fr8 Fair Trade Consortium Launch. MVP Launch.

6
Q2, 2018

Development Begins on Added Value Products & Services. Fr8 Market Expansion (USA only).

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