Part 2/7:
The Industry’s Traditional Challenges and Opportunities
Bill, highlighting the magnitude of freight logistics, describes the industry as a staggering $700 billion industry. Despite its size, it has remained largely technology-averse, relying heavily on manual processes that slow operations and increase inefficiency. For example, approximately 25% of trucks on the road are empty, and owner-operators spend a significant 30-40% of their time waiting for loads. Before technological solutions like Uber Freight, finding the next shipment was a laborious process, often taking around four hours to secure a load.