RIGHT I THANK YOU FOR LIKE A
3RD RIGHT PLUS DEPENDS IF THE
DEMOS ARE GOING TO BE
YOU KNOW VERY HIGH OFF THE
GROUND OR THOSE TRACKED YEAH
ALL RIGHT
WITH THAT.
>> GUYS MOVING ALONG HERE TO
CELEBRATE NETWORK CONVOYS
RAISING A WHOPPING MILLION TO
CONNECT SHIPPERS
TO TRUCKERS. THE TECHNOLOGY
THAT THE COMPANY SAYS WILL
REDUCE BILLIONS OF DOLLARS OF
WASTE BUT HE'S JUST BEFORE THE
BREAK SO LET'S DIVE FURTHER
INTO IT WITH THE CO-FOUNDER AND
CTO CONVOY. DAN LEWIS DAN GREAT
TO HAVE YOU HERE WITH US TODAY
THIS ROUND
THIS CO LED BY GENERATION
INVESTMENT MANAGEMENT WHICH WAS
FOUNDED BY AL GORE SO HOW BIG
ART
♪
THIS SUSTAINABILITY AND CARBON
EMISSION REDUCTION PLAY IN YOUR
PITCH TO INVESTORS.
>> WHEN YOU LOOK ACROSS THE S
AND P 500 ABOUT 75% OF THOSE
COMPANIES HAVE A CORPORATE
ENVIRONMENTAL
SUSTAINABILITY GOAL AND A HUGE
PART OF THAT COMES DOWN TO
REDUCING EMISSIONS SO WHEN WERE
THEY WERE BECOMES ICON WAY TO
MAKE A
BIG DIFFERENCE. WE'VE ACTUALLY
FOUND THAT YOU KNOW THIS
EXTREMELY FRAGMENTED TRUCKING
INDUSTRY WITH HUNDREDS OF
THOUSANDS OF SMALL TRUCK
DRIVERS MOSTLY OFFLINE IS
PRETTY INEFFICIENT AND THAT
ACTUALLY IS A LOT OF
ENVIRONMENTAL
THEY CAN THEY CAN MAKE A HUGE
EVERYBODY'S COMPANIES. ONE OF
THESE ARE DONE IS WE'VE HELPED
TRUCK DRIVERS
GET 2 OR 3 JOBS AT A TIME SO
TYPICALLY IF YOU'RE GETTING ONE
JOB THE TIME YOU THINK OK HOW
FORMER GOING TO EMPTY MY
NEXT SHOT, MAYBE THE
APPOINTMENT TIMES DON'T LINE UP
SO YOU'RE SITTING THERE WAITING
AND IDLING IN FRONT OF LOCATION
FOR HOURS. WE MATCH THESE JOBS
TOGETHER WE GIVE THEM MULTIPLE
JOBS AT
A TIME AND WE FOUND THE TRUCK
DRIVERS RUN, 45% FEWER EMPTY
MILES WHICH MAKES A MASSIVE
DIFFERENCE TERMS OF TOTAL
CARBON EMISSIONS FROM THE
TRUCKING INDUSTRY.
>> NOW UBER HAS ASPIRATIONS OF
TACKLING THE SPACE AS WELL AS
OVER FOR
A TON MAKING THIS A MUCH MORE
AUTOMATED CONNECTED. SOLUTION
HOW ARE YOU DIFFERENT FROM UBER
FREIGHT.
>> YEAH THERE'S A PRETTY BIG
DIFFERENCES IN HOW WE STARTED
THE COMPANY WE STARTED CONVOY,
WE WERE FOCUSED ON TECHNOLOGY
AND DATA FROM
DAY ONE. WE DIDN'T HAVE A
GROWTH AT ALL COSTS MENTALITY.
WE HAD A LET'S BUILD A REALLY
HELP THE EFFICIENT MARKET PLACE
AND FOCUS ON REDUCING WASTE AND
WE'VE GONE THROUGH AND FIGURED
OUT THERE ARE 3 OR 4 ACID AREAS
IN TRUCKEE WHERE A LOT OF AN S
SIRI SPEND HAPPENS LOT OF
UNNECESSARY DRIVING AND BY
CUTTING THAT OUT WE CAN
ACTUALLY HELP COMPANIES THAT
SHIP FREIGHT GET LOWER RATES,
WE CANNOT TRUCK DRIVERS DO MORE
PRODUCTIVE MAKE MORE MONEY PER
WEEK. AND AS WE MENTIONED
BEFORE, WE'VE GOT A PRETTY BIG
IMPACT ON THE STAND ABILITY AND
BREEZY
ENVIRONMENTAL WASTE. FROM FOR
TRACKING EMISSIONS THIS BRINGS
THE TOTAL FUNDING TO MORE THAN
6 MINUTES.
>> STAY MILLION DOLLARS.
I MEAN THIS IS SOUNDING LIKE A
VERY CAPITAL INTENSIVE BUSINESS
WHERE DO YOU HAVE TO INVEST A
LOT OF THIS MONEY AND HOW MUCH
DOES IT REALLY CONTRIBUTE BACK
TO THAT
CORE MISSION WHEN YOU THINK
ABOUT A LOT OF THE EXPENSES AS
THEY DO RACK UP AN EARLY DAYS.
>> YEAH, ABSOLUTELY AND
TRUCKING IS A PROFITABLE
INDUSTRY HAS BEEN PROPERLY FOR
DECADES AND WE'RE MAKING IT
MORE EFFICIENT AND SO WE FEEL
REALLY REALLY CONFIDENT IN THE
BUSINESS AND A PROFITABLE AND
IN CERTAIN WAS OPERATING AND
WHEN WE THINK ABOUT THE
INVESTMENT THAT WE JUST RAISED.
THERE'S A BUNCH OF ADDITIONAL
SERVICES AND PRODUCTS WE
CAN BUILD FOR TRUCK DRIVERS
TRUCKING COMPANIES AND SHIPPERS
IS IF YOU THINK ABOUT THAT CORE
OF OUR BUSINESS IS BUILDING
THIS MARKETPLACE THAT CONNECTS
SHIPMENTS OF TRUCK DRIVERS AND
DOES THAT
VERY EFFICIENT IN ADDITION WE
CAN BUILD TOOLS THAT HELP THEM
RUN THEIR BUSINESS UP AND THINK
ABOUT IMPROVING THEIR WAREHOUSE
SOMETHING TO THINK ABOUT
RUNNING THEIR FLEET. AND IT
REALLY HELPS ENTIRETY THE
SYSTEM SO WE'RE ACTUALLY GOING
TO INVEST HEAVILY INTO
TECHNOLOGY TO HELP THE
COMPANIES WE WORK WITH ON A
DAILY BASIS.
>> WHAT ABOUT AWARENESS AMONG
TRUCK DRIVERS IS ALREADY A
SHORTAGE OF THESE FOLKS
WHO'LL ARE QUALIFIED TO DRIVE
WHO MAYBE WANT TO DRIVE AND
MAYBE HAS REALLY NOT BEEN.
>> THIS POST JUST SOLUTION LIKE
THIS.
>> YEAH I
THINK FIRST OFF WE SHOULD THINK
TRUCK DRIVERS EVERY DAY
EVERYTHING AROUND US IS MOVING
TRUCK. IT'S A GROUP OF FOLKS
THAT WORK EXTREMELY HARD AND
DON'T GET AS MUCH WORSE ACT AND
ADMIRATION AS AS THEY DESERVE.
I I THINK THE ONE THING WE CAN
DO IS IF THERE IF THERE IS
THE LONG-TERM SHORTAGE OF TRUCK
DRIVERS ONE OF THE BIGGEST MOST
IMPORTANT THINGS WE CAN DO IS
MAKE THE INDUSTRY AND THE JOB
MORE ATTRACTIVE. SO GIVE THEM
EASIER CHANNELS TO FIND WORK
TAKE CARE OF THEM PAY THEM
QUICKLY PAY THEM FAIRLY MAKE
SURE THAT THE FACILITIES THAT
THEY GO TO ARE
ABLE TO GIVE THEM A GREAT
SPIRITS WERE THERE AND SECOND.
LET'S MAKE THE INDUSTRY MORE
EFFICIENT 35% OF
TRUCKS RUNNING, IT'S RUNNING
EMPTY IF WE CAN REDUCE THAT WE
CAN REDUCE WAIT TIMES WE'RE
GOING TO CREATE A LOT MORE
CAPACITY IN THIS COUNTRY
EVEN WITH THE SAME NUMBER OF
TRUCK DRIVERS THAT WE HAVE TO
DATE.
>> SO ONE THING THAT EVEN TRUCK
DRIVERS ARE CONCERNED WITH IS
THE RISK OF
ALL TIME ME AND HOW THAT MIGHT
LEAD TO THEIR REPLACEMENT HOURS
THIS SOMETHING THAT YOU'RE
FACTOR INTO THE GROWTH OF
YOUR BUSINESS AND HOW DO YOU
STILL CONVEY TO TRUCK DRIVERS
THAT THEY ARE AS VALUABLE AS
THEY ARE. WHEN YOU DO KNOW THAT
THERE IS THIS TRANSFORMATIVE
TECHNOLOGY THAT IS ALSO GOING
TO CUT DOWN AND FOR BUT ON SOME
OF THE INEFFICIENCIES AND FOR
FRIED EVEN MORE LOGISTICAL KIND
OF A FRAMEWORK IN SUPPORT FOR
YOUR BUSINESS.
>> YEAH, THAT'S A REALLY REALLY
IMPORTANT QUESTION IS REALLY
IMPORTANT FOR THE INDUSTRY.
TRUCK DRIVERS ARE GOING TO BE
IN TRUCKS FOR A VERY VERY LONG
TIME.
THERE ARE MANY MANY THINGS THAT
TRUCK DRIVERS DO THAT GO BEYOND
JUST DRIVING A TRUCK THERE ARE
MANY
PARTIES INVOLVED WHERE THE
TRUCK DRIVER PLAYS A ROLE IN
SECURING THE GOODS SUPPORTING
THE INSURANCE AGREEMENTS
TALKING TO THE FOLKS AT THE
DOCK MAKING SURE THE RIGHT
STEPS LOADED MAKING SURE IT'S
LOADED CORRECTLY DEALING WITH
FOLKS A DIFFERENT CAR HOUSES
AND WHEREAS ALL AROUND THE
COUNTRY. SO THERE ARE SO MANY
THINGS THAT THEY DO THEY GO
ABOVE AND BEYOND JUST OPERATING
AND THE TRUCK I ACTUALLY THINK
IT'S GONNA MISS IS GOING TO
INCREASE
THE AH HOURS OF SERVICE OVER
TIME FOR TRUCKERS SO TODAY, A
TRUCK DRIVERS LIMITED TO 11
HOURS OF DRIVING PER DAY
WITH THE THOMAS WE CAN MAKE
THIS INDUSTRY SAFER AND ATTRACT
A NEW GROUP OF FOLKS THAT CAN
ACTUALLY BE MORE PRODUCTIVE AND
GET MORE DONE. HOPEFULLY
INCREASE IN THOSE HOURS FROM 11
TO MAYBE 1516 17. AS
ADDITIONAL STATES. AN
ADDITIONAL TECHNOLOGIES
CONVERGE TO ALLOW
DRIVING TIMES WHEN CERTAIN IT
ON A MISSILE WAS ARE ENGAGED.
BUT I DON'T THINK THAT FOR THE
FORESEEABLE FUTURE WE'RE GOING
TO SEE TRUCKERS OUT OF TRUCKS.
>> THEY WERE OUT OF TIME FOR
TODAY, BUT NEXT TIME LET'S TALK
ABOUT THE REGULA