Home / Tech News / His company started as “Uber for trucks.” Now he’s building brick-and-mortar truck stops and financial platforms to fix trucking’s most difficult problems

His company started as “Uber for trucks.” Now he’s building brick-and-mortar truck stops and financial platforms to fix trucking’s most difficult problems

Federico Vega‘s three-year-old startup fits unbiased truck drivers in Brazil with a lot of shipment that want to be moved, decreasing transportation prices for shippers whilst boosting source of revenue for truck drivers, who infrequently go back and forth empty—and processing greater than $10 million per month in bills alongside the way in which. This yr, CargoX furthered its undertaking by means of opening its first VIP living room for truckers, outdoor São Paulo, with a kitchen, TVs and Wi-Fi, showers, laundry amenities, and fuel. It’s open to all truckers, however CargoX drivers gets reductions. The corporate additionally began paying for any information fees associated with using its app this yr, making it unfastened for truckers. In 2020, it is going to release a cellular pockets, enabling drivers to obtain bills right away.

Speedy Corporate: Why did you suppose it used to be vital to take on trucking as an business?

Frederico Vega: There’s a mismatch between freight and vehicles, however there may be a large loss of infrastructure to permit environment friendly logistics operations. That affects the economic system as a complete.

FC: How did you make a decision at the choices past the app?

FV: We constructed a market for truckers and shippers. Now we will get started taking pictures the price that market produces. In an effort to function, those truckers want insurance coverage, fuel, mechanical products and services. And we’re making a monetary infrastructure to make the lifetime of the trucker more straightforward, so they may be able to move and purchase a brand new truck, so they may be able to have operating capital.

FC: What different inventions are you making plans?

FV: We’re beginning to [connect] the vehicles in actual time to our platform with various kinds of chips. We’ve already advanced chips that we disguise within the shipment to look the place it is going in case it will get stolen. The ones chips, someday, are going so that you can give us additional information, like what pace the shipment is touring, how chilly it’s or how scorching, and if it’s humid.

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