For years, Pierre Laguerre worked as a truck driver. During those years he saw one of the biggest inefficiencies in the ...
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.
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 a two-fold solution to an industry-wide problem.
The key for carriers and drivers
Fleeting introduces innovative efficiencies to an industry with outdated practices. We provide drivers with easy access to thousands of jobs while simultaneously connecting carriers with a vetted pool of qualified drivers who can take on specific tasks. This marketplace eliminates the extra costs and contracts that typically come with the hiring process. With Fleeting, carriers only pay drivers for the work they have done, and our drivers can earn money for the jobs they chose to take.
Building a vast network
Since launching in 2019, Fleeting drivers have logged 15,000+ hours on our platform and we’ve moved 1,500+ loads for our customers.
A game-changer for carriers and drivers
"Drivers should want to sign up with Fleeting because the pay is great, the staff is understanding, and you'll have the freedom to do what fits for you."
- Jukil Donerson, Fleeting Driver
"Paul, writing to let you know how much Fleeting has helped Bettaway in fulfilling our customer commitments and last minute needs. Whether it’s the daily dedicated drivers you provide for our operation, or it’s a push to cover additional work or projects that requires an increase in drivers for a specific time. You always come through and provide the excellent service you and Pierre promise. Also, and more importantly, the drivers you provide are always on time, safe, productive and have a great working attitude that reflects what Fleeting is all about. Give my compliments to the chef!"
- Jeff Acabou, Fleet Planning Manager at Bettaway Beverage Distributors, Inc
"I enjoy working for Fleeting because I am able to work nights. Fleeting also respects my religious beliefs — I am a Muslim and I take Fridays off so I can go to the Masjid."
- Tyrone Godett, Fleeting Driver
"Working with Fleeting offers employees a unique ability to navigate and transition though life without the 'tied-at-the-hip feeling' that is sometimes associated with conventional Commercial Drivers License jobs."
- Robert Villerino, Fleeting Driver
Hourly fee per driver
We charge our customers hourly to book a Fleeting driver and then take a 20%-45% platform fee for every driver booked on our platform. Our current customer acquisition strategy takes in all aspects of trucker culture and employment. Our growth thus far had been driven by word of mouth referrals and traditional sales and marketing campaigns.
A $700B+ industry
Trucking in America is a big business. As the saying goes: if you bought it, a trucker brought it. An estimated $265B is paid to truckers annually. By targeting carriers and qualified drivers, we can tap into potential market revenues of $1.3B just by reaching 10K drivers.
Reaching past the competition
With an unmatched job marketplace, Fleeting surpasses its competition.
Revolutionizing the trucking industry
Fleeting has big plans for the future. We are committed to bettering the lives of truck drivers and destigmatizing the industry. We believe that by providing drivers with flexibility and a higher quality of life, we will resolve the driver shortage and usher in a new generation of truckers. This will alleviate the pressures on motor carriers and increase their profitability while giving drivers better economic prospects.
This is only the beginning. We have plans to provide a host of additional services for owner-operators as the business grows. Our goal is to empower truck drivers to become entrepreneurs by purchasing more trucks and working with Fleeting to keep them running around the clock.
Backed by Quake Capital and Chamillionaire
We are currently seeking $1M in funding, of that, $500k has been committed. We are opening up part of this round to you, truck drivers, consumers, and other industry supporters. With this money, we will focus on product development, new market expansion, and driver acquisition.
We are proud to be backed by Quake Capital, Hustle Fund, ArlanWasHere Investments, Chamillionaire (Supreme Fund), E40, and angels from other funds.