Austin, TX — There are over 500,000 trucking companies in the United States with more than 15.5 million trucks on the road. Over 90% of all carriers in the U.S. trucking market run five trucks or less. Though it’s an industry most people don’t think too much about, the trucking and logistics industry is an essential part of our daily lives.
The Need for Technology in the Trucking Industry
The rapidly-shifting, unpredictable economy of 2020 is making changes to typical logistics practices. “Beyond the resumption of a boom-and-bust cycle now exacerbated by COVID-19, big carriers are looking to technology investments that promise to raise efficiency,” says the 202 State of logistics report by the Council of Supply Chain Management Professionals (CSCMP), “Smaller carriers, especially those in highly affected industries, must look to app-based solutions and brokers to provide access to better fit routes and backhauls.”
Improving TMS Systems
In other words, small fleets need modern software to optimize their processes so that they can keep goods moving. Trucking management system (TMS) logistics matches cargo to drivers, power units and trailers.
Profit margins in the trucking industry can be narrow because of the costs associated with maintaining and fueling trucks across long distances. Inefficiencies result in avoidable monetary losses for carriers. By automating TMS processes, including the creation, fulfillment, and settlement of transportation orders, the entire business can be streamlined.
Addressing Issues in the Transportation Industry
“In response to what we were seeing in the market, we created a product that can take on the entirety of a carrier's business and align it to growth,” said Matt Cartwright, a co-founder and CEO of Magnus. “We have developed a mature and patented technology platform that supports a delivery network of over 6,000 trucks and 11,000 drivers for nearly $7 billion worth of cargo.”
A streamlined platform gives fleets the data they need to make intelligent decisions — about everything from driver safety, productivity, cost, compliance, fuel and maintenance. Founded by trucking and enterprise-software industry veterans, Magnus Tech has built solutions that have addressed the pressing needs fleet management faces. Rather than relying on outdated technology and processing on paper, carriers can streamline every aspect of their workflow with the Magnus Carrier TMS and Driver App.
For the dispatchers, eliminating paperwork and reducing load-related calls helps prioritize work hours, increasing their focus on driver management, retention, and exception handling. For drivers, the Magnus' mobile application helps manage payroll, scheduling, and workflow - enabling them to concentrate more on driving than waste time filling out documents or pouring through excel sheets.
About Magnus Tech
With a combined 50 years of experience in the transportation and logistics industry, Magnus Tech strives to simplify and improve the efficiency of operations in the trucking industry. Magnus Tech has developed a mature and patented technology platform that supports a delivery network of over 6,000 trucks and 11,000 drivers for nearly $7 billion worth of cargo. To find out more, visit magnustech.com.
Source: SubmitMyPR
Release ID: 13715