So, the remaining trucks are perhaps obsolete and no longer in service. Now, if you add the biggest transporters in Saudi, there are less than 50,000 trucks. The number of registered trucks in Saudi is close to 1 million. What is driving this increased market penetration or the truck-to-per capita number? In fact, Saudi has the highest per-capita number of trucks in the world. In fact, everything we use has touched the truck in some way, shape, or form during its life. Right now, we are generating revenue in about 8 markets and by the end of the year we should be in 10 markets. If you consider all markets that TruKKer is in, it adds up to $75 billion. The UAE and Saudi alone represent a $30 billion tab for trucking. In the GCC, we are talking about billions of dollars. You cannot be a GCC player without being a Saudi and UAE player more so a Saudi player given the size of the market. And we know that Saudi and UAE are the majors. We were born in the GCC, and we thrive in the GCC. How would you “size” the logistics market? If you look at the GCC and then zoom in to look at the synergies and differences between UAE, Saudi Arabia, and other GCC countries. This is TruKKer's business model-we create the network and the technology that manages massive amounts of information. Does the client need 20 trucks, 10 trucks, 5 trucks? How many trucks are needed the day after tomorrow? As all this information becomes transparent, the data points require a huge amount of control. Similarly, our clients have access to this network of technology and demand information. So, when drivers are on the platform, we know exactly where they are, when they will be available, how many loads are completed, and their key performance indicators (KPIs) in terms of which ones are met and which ones are not. TruKKer is unique in that we created a web of technology that provides transparency and control based on data points. There is no standard pricing because the industry is built on a complex network of brokers and on information arbitrage-the simultaneous process of buying and selling assets. The transportation industry does not work like this. Most taxis have meters and riders pay for the trip when they reach their destination. Similarly, a client that is moving cars with one-sixth of its drivers often does not have answers to basic questions, such as, “will I get 20 trucks on time tomorrow?” Calling for a truck is not like hailing a taxi (in the pre-Uber days) where you step outside and wait for an empty taxi to pass by. Once I travel from A to B, do I have load available to travel from B to A?. In the transportation sector, drivers must deal with basic problems. ![]() Transportation is among the three largest industry sectors in the world-agriculture, construction, and transportation. What does the company offer to the freight market and what “pain points” do you solve for your customers? The CEO’s Dilemma: Business Resilience in a Time of Uncertainty.Technology, Media, and Telecommunications.
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