— The Freight.Tech 100 recognizes the most innovative and disruptive companies in freight —
KNOXVILLE, Tenn., Oct. 25, 2018 (GLOBE NEWSWIRE) — FreightWaves has selected Konexial as part of the Freight.Tech 100, recognizing the most innovative and disruptive companies in freight. The list was drawn from more than 500 nominations, and the 100 companies selected will now be judged by an external panel of industry executives, academics and investors to determine the Freight.Tech 25.
Konexial’s My20 ELD (Electronic Logging Device) device automatically logs a driver’s location, hours-of-service and available capacity to fulfill FMCSA compliance rules. Konexial’s GoLoad dynamic load matching platform uses the data provided from the My20 ELD to dynamically match up drivers who have extra hours and capacity with available loads from shippers based on location, direction, hours of service, and economic criteria—providing drivers with opportunities to dramatically increase earning potential.
“Konexial’s entire mission is to use technology to help solve the most obvious problems for truckers,” said Ken Evans, Chief Executive Officer, Konexial. “My20 ELD is the new standard for telematics products in fleets of all sizes at a price point that is half as much as older, obsolete telematics devices.”
When carriers and shippers sign up for Konexial’s GoLoad platform to book available loads, they agree on three terms—all designed to solve the biggest issues in trucking and increase a driver’s earning potential:
- Set Fuel Prices: Fuel prices are set by the platform and are based on average fuel price in the lane on the day of the shipment.
- Fees for Detention/Delays: Detention at loading and unloading facilities is automatically billed through geo-fencing at the rate of $200 per hour for any time the driver is detained beyond 90 minutes combined at pickup and drop-off locations.
- Prompt Payment: Freight payments are sent to the carrier 48 hours after the carrier uploads a proof-of-delivery image.
FreightWaves is the leading go to source for information about the freight markets and is cited in publications as original material, including the largest news sites in the world: Bloomberg, Washington Post, WSJ, Reuters, NY Times, CNBC, TechCrunch, Wired, Forbes, and Fortune.
For more information, please visit www.konexial.com.