Full-Time
Confirmed live in the last 24 hours
Fleet management solutions for trucking businesses
Mid, Senior
San Francisco, CA, USA
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CloudTrucks offers fleet management solutions tailored for independent truck drivers and small trucking businesses. Its software platform helps users optimize their schedules by selecting loads based on preferences, while also tracking income and expenses to aid in financial management. Unlike competitors, CloudTrucks simplifies payment collection by ensuring drivers receive payments promptly upon delivery. The company's goal is to empower drivers to manage their businesses efficiently with minimal administrative burdens.
Company Size
51-200
Company Stage
Series B
Total Funding
$137.7M
Headquarters
San Francisco, California
Founded
2019
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Flexible time off
Retirement plans
Healthcare coverage
Wellness perks
Equity
Home office stipend
Transportation management system (TMS) provider Shipwell has sold its truckload brokerage unit to CloudTrucks, a technology provider to small carriers.
In July 2022, FreightWaves' Grace Sharkey reported that CloudTrucks had launched fintech offerings for truck drivers who use its Virtual Carrier leasing program, which included CT Credit, a Visa business card that avoids high-interest rates and fees, and CT Cash, a nonrecourse factoring solution that leverages a Visa Cash card.
CloudTrucks partnered with Avibra to bring you CloudCare - insurance, wellness, and financial perks at no cost to you.
To view more FreightWaves infographics, click here. Future of Supply ChainJUNE 21-22, 2023 • CLEVELAND, OH • IN-PERSON EVENTThe greatest minds in the transportation, logistics and supply chain industries will share insights, predict future trends and showcase emerging technology the FreightWaves way–with engaging discussions, rapid-fire demos, interactive sponsor kiosks and more
Like many FreightTech companies that have laid off workers in recent months, CloudTrucks blames the declining freight market for the job cuts.“In this tough freight market, we must focus on operating efficiently so we can best serve our customers and maintain competitive rates,” Tobenna Arodiogbu, co-founder and CEO of San Francisco-based CloudTrucks, said in an emailed statement to FreightWaves. The venture capital-backed trucking technology provider, which has raised nearly $142 million since its founding in 2019, declined to disclose the exact number of employees affected or the percentage of the company’s workforce that was part of the layoffs announced last week.PitchBook, an online resource tool for analysts, private equity and venture capital investors, puts CloudTrucks’ official employee count at 112 employees in 2022. CloudTrucks, which markets fintech solutions aimed to help owner-operators run their trucking businesses, raised $115 million in Series B funding in November 2021 in a deal led by Tiger Global. “We are immensely grateful for the contributions of each of our departing employees and are committed to offering support to impacted employees while ensuring that the company moves forward in a way that is best for our customers, our partners and the future of the business,” Arodiogbu said.Besides Arodiogbu, CloudTrucks’ co-founders include Jin Shieh and George Ezenna. Nearly 730 tech companies have laid off more than 201,000 employees since the start of 2023, according to data compiled by Layoffs.fyi, a website that’s been tracking tech layoffs since March 2020.SONAR: National Truckload Index is a 7-day average of spot market rates, which is the bread and butter for many owner-operators. Do you have a news tip to share? Send me an email or message me @cage_writer on Twitter. Your name will not be used without your permission.Read more articles here:Lipsey Logistics cites weak freight market for layoffsInsiders say Flock Freight is a ‘toxic dumpster fire’ with only months of cash leftTQL hits ex-broker with 2nd noncompete lawsuitFormer employees sue NC-based trucking firm over mass firing. Future of Supply ChainJUNE 21-22, 2023 • CLEVELAND, OH • IN-PERSON EVENTThe greatest minds in the transportation, logistics and supply chain industries will share insights, predict future trends and showcase emerging technology the FreightWaves way–with engaging discussions, rapid-fire demos, interactive sponsor kiosks and more