AP NEWS

FR8Star Launches Partial Loads Shipping Service

July 12, 2018

Partial Load rate saver (Graphic: Business Wire)

OAKLAND, Calif.--(BUSINESS WIRE)--Jul 12, 2018--FR8 Revolution, creators of the FR8Star.com marketplace for open deck carriers and shippers, today announced its innovative Partial Loads Service that allows shippers in specific geographic areas to digitally share trailer space and save money shipping equipment. Partial loads on FR8Star’s leading equipment transport marketplace are also available for carriers to book instantly.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180712005238/en/

Partial Load rate saver (Graphic: Business Wire)

“Expanding the FR8Star services to include partial loads is a win for both sides of the truck freight market,” said Matt Kropp, co-founder and CEO of FR8Star. “Carriers can now maximize earnings by utilizing available trailer capacity to haul additional loads simultaneously, while shippers can instantly book and only pay for the space they need to transport their freight.”

FR8Star has a network of over 5,000 active open deck carriers with 50,000 available trucks. By combining compatible partial loads going in the same general direction, shipping customers can save up to 50% on freight expenses while trucking companies can earn more by hauling multiple items.

FR8Star’s Partial Load debut coincides with critical challenges facing the freight industry including 50,000 fewer drivers than available jobs and diesel fuel costs at the highest level in over three years.

“We think partial loads is a great solution to help alleviate the capacity crunch affecting the trucking industry without compromising the earning potential for truck fleets,” Kropp said. “In fact, if a carrier added a partial to any given load, they could earn up to 50% more on that run.”

How shippers book loads with FR8Star’s Partial Load:

1) Provide FR8Star.com with load specifications, origin, and destination. 2) Compare costs of running dedicated trailer vs. partial load including all permits and third-party costs. 3) Book using FR8Star’s Price Lock option to secure Partial Load at guaranteed rate. 4) FR8Star matches a carrier and manages the pick-up, delivery, paperwork and payment processing.

About FR8 Revolution

Founded in 2015, FR8 Revolution develops cloud-based, data-driven tools that improve efficiencies, reduce costs and provide unparalleled transparency in the open deck freight transportation industry. The FR8Star.com marketplace enables shippers to move legal and oversize/overweight loads with reliable pricing estimates, optimal shipping routes and real-time freight tracking. Specialized open deck carriers can easily develop quotes and bid on high-value loads using a free freight rate calculator that factors all third-party expenses including state permit and escort costs. FR8Star eliminates unnecessary factoring fees to carriers by providing fuel advances at pickup and instant pay at drop-off. For more information, visit www.fr8star.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180712005238/en/

CONTACT: FR8 Revolution

Jake White, 310.702.4955

jake@fr8star.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT SOFTWARE TRANSPORT TRUCKING OTHER TRANSPORT LOGISTICS/SUPPLY CHAIN MANAGEMENT AUTOMOTIVE FLEET MANAGEMENT

SOURCE: FR8 Revolution

Copyright Business Wire 2018.

PUB: 07/12/2018 07:00 AM/DISC: 07/12/2018 07:01 AM

http://www.businesswire.com/news/home/20180712005238/en

AP RADIO
Update hourly