Truckers Revolt Against Brokers and Bad Pay; LaneAxis Shareholder Shares Delivery Nightmare

Small and independent truckers are absolutely fed up – especially with freight brokers. As the COVID-19 crisis has unfolded, freight rates have plummeted, all while drivers literally put their lives on the line to keep their families fed and store shelves stocked.

Anger boiled over last week when large groups of drivers staged highway protests in Los Angeles, Phoenix and Houston. Drivers at all three locations were cited for obstruction of traffic, with one Houston protestor charged with inciting a riot.

“The brokers are the ones who are breaking the economy and breaking truck drivers; they are killing us, literally,” independent driver Addiel Santos told FreightWaves. “Brokers [were] paying for trips from Houston to Midland-Odessa like $1,800 to $1,900 before. Right now they are paying $700.”

The drivers are accusing many freight brokers of price gouging during the pandemic. A petition has been set up on change.org, calling for the government to crack down on the largely unregulated freight brokerage industry. Most notably, they want to require brokers to disclose what their shipping customers are paying them per freight movement, thus revealing the profit margin between what brokers are bringing in and paying out to drivers/carriers. Currently brokers are allowed to keep that a secret.

More protests are scheduled for Friday, May 1, in Los Angeles, Chicago, Washington and elsewhere under the banner and hashtag #MayDay.

These protests dramatically underscore what LaneAxis has long advocated – and is now building: a shipper-to-carrier direct network that cuts out the need for freight brokers altogether.

As we’ve all seen first hand, the direct model works and is ingrained in our current way of life. Think of Netflix cutting out Blockbuster, or travel sites like Orbitz cutting out travel agencies. That’s precisely what LaneAxis is doing to intermediary “managed freight services” such as brokers. Bypassing freight middlemen creates transparency and trust between shippers and carriers, while eliminating inefficiencies and unscrupulous behavior.

LaneAxis shareholder Richard Moore recently posted a comment to our StartEngine page (unsolicited), describing his recent experience with the U.S. Postal Service losing THREE of his packages, then informing him they had no idea where those packages were. This is another example of bungled brokering.

And it’s not just the USPS. What Richard and many others may not realize, is that many organizations such as Amazon, FedEx, UPS, Walmart and other huge companies outsource excess loads to freight brokers as well – and once they do those millions of daily truckload shipments also go largely untracked.

The LaneAxis platform represents a fundamental shift in the way freight movements are managed and monitored. By connecting shippers directly to drivers/carriers, as well as providing real-time tracking, electronic rate confirmations, instant proof of pickup/delivery, e-docs, and much more, LaneAxis is paving a better way forward for the U.S. freight industry.

We invite you to watch the below video, posted just a few days ago, to get a true glimpse of the anger and frustration drivers are facing with the current freight market – particularly with freight brokers. LaneAxis is not affiliated with this driver, but we found this to be a powerful expression of what’s happening out there.

PLEASE NOTE: The video contains several expletives by the driver as he discusses his frustrations. We chose to share this anyway because we feel this driver speaks from the heart and from a place of knowledge. We don’t want to censor his passion, and we think you’ll agree why when you watch his message. Please take this into consideration as you choose where (and how loud) to watch the video.

To learn more about LaneAxis – and invest in the future of transportation – visit our campaign page at startengine.com/laneaxis-inc.

AXIS Token

Direct Freight Payment via AXIS Token/Blockchain and Automated Trucks/Drones

AXIS Token

A major feature to the LaneAxis Network which several of our members have inquired about is the future payment process within the network itself.

LaneAxis is focused on removing financial bloat and driving efficiencies into every aspect of the supply chain. One key component of that effort will be the direct freight payment. As the driver network grows, FreightLINK will allow shippers to connect directly to drivers/carriers, with the AXIS token being utilized for the direct payment.  In this way, the AXIS token will serve as both a blockchain API access key and an intra-network payment mechanism. The shipper-carrier contract will be stored on the primary blockchain, while a side chain will verify load-level details of the pickup, delivery, and other key documents such as insurance certificate verification. This will enable virtually instant payments to drivers/carriers, a process that currently can take 30-60 days to complete. The only current alternative for smaller, independent carriers – which make up 97% of the U.S. trucking workforce – is to pay a 2-5% per load freight factoring fee to get paid sooner. These are all utility applications of the AXIS token. We plan to file the token as a Security Token Offering (STO) with the SEC later this year. Once the offering is approved, LaneAxis will list the token on various exchanges, allotting a set amount of tokens for sale each month, then reporting AXIS token sales as revenue to all required agencies including the SEC and IRS.

LaneAxis currently owns 1.3 billion AXIS tokens held in cold storage. You can view the AXIS token listing by clicking this Etherscan Link.

Below is a schematic rendering of our Smart Contract, which will standardize, secure and automate all shipments:

LaneAxis is developing the ability to connect to any Electronic Logging Device (ELD) in any truck cab/delivery mechanism. This will make the LaneAxis solution compatible with future technology like autonomous vehicles, drones etc. With or without a driver the core LaneAxis software will confirm the pickup/delivery & all KPI data sets, as well as continuing to track all movements in real-time. We have gone to great lengths to “future-proof” our solution. 

While much of the business world has come to a standstill, LaneAxis continues to drive forward in our quest to reinvent freight transportation. 

Visit startengine.com/laneaxis-inc to learn more and invest in the future of transportation.

Empty Store Shelves

The Coronavirus and Empty Shelves

Why a centralized freight network is needed now more than ever

Empty Store Shelves

In the midst of the Coronavirus (COVID-19) outbreak, several fundamental but oft-forgotten truths have come roaring back into the spotlight:

 

·  Unexpected and widespread emergencies – like pandemics or natural disasters – will always send large numbers of people (including healthy survivors) into a panic.

·  Panic buying will always exist. Uncertainty, fear, and a perceived loss of control pushes many into “survival mode” – leading to overstocking and hoarding of supplies that may not be needed or warranted.

·  When you add panic buying to the inherent challenges specific to any particular crisis, you end up with supply chain disruptions – sometimes with life-and-death consequences.

 

While health experts scramble to contain the COVID-19 virus, supply chain experts are scrambling to keep products moving, and stores stocked. Apocalyptic images showing supermarket shelves stripped bare of essentials like toilet paper and canned food clearly illustrate the challenges they’re facing. Decades-old supply chain inefficiencies are once again being exposed.

 

Business and political leaders are reassuring citizens that there is no shortage of food or supplies. So why are so many shelves empty?

 

“The supplies are actually there, there’s just no visibility into the network,” says LaneAxis Founder and CEO Rick Burnett. “The truckers are out there, and the carriers are out there, and the products are there. It’s just, there’s no visibility to be able to move those products on a timely fashion to be replenished on a day-to-day basis, so that people now realize that there’s plenty of supply. They don’t have to go buy what they feel like is a 2 or 3 month supply.”

 

Burnett says the time is now to develop a centralized, data-backed, on-demand freight network – stressing that many people don’t realize 90% of trucking companies are small and independent, owning 10 trucks or less. Some trucking “companies” consist of exactly one truck, also known as owner-operators. A centralized, data-backed freight network would give these legitimate, hard-working small carriers the same equal access to freight as the big guys. 

 

Once the COVID-19 crisis abates and overseas import restrictions are lifted, a flood of goods will pour onto U.S. shores – especially from China. American ports will be overwhelmed, pallets will pile up, and trucking will again be put to the test. It will be a chaotic scene.

 

The LaneAxis platform is designed to handle and manage these capacity spikes – be it during the holidays or supply chain emergencies like COVID-19.

“Providing visibility into a network, and building a single network, is going to help with the flux of supply and demand caused by the Coronavirus [outbreak] today,” adds Burnett. “But in the future, when the next pandemic happens, or there’s a state-of-emergency within the United States, we can immediately dispatch and provide visibility into products that need to move into a particular area because we know where all the drivers are, we know where the drivers have been, and we also have visibility into their hours of service. What LaneAxis is focused on is building that globalized communication – that network perspective that could unify the entire freight transportation industry, particularly in times of crisis..”

 

Burnett stresses LaneAxis is not out to “exploit” a serious emergency – they want to fix the serious supply-chain problems the emergency has exposed. The present crisis is a real-time case study illustrating the importance of having a modern, streamlined, and data-backed transportation network – the kind of network that could drastically lessen the potential of future emergencies bringing the supply chain to its knees. The system we are building will do just that.

 

LaneAxis is currently holding an equity crowdfund on StartEngine to accelerate development and growth of this transportation network. We are offering the average citizen a chance to own a piece of transportation’s future. 

 

To learn more, visit startengine.com/laneaxis-inc.

Fill ‘Er Up – How A Professional Trucker Network Aims to Eliminate 20 BILLION Empty Truck Miles Per Year

How A Professional Trucker Network Aims to Eliminate 20 BILLION Empty Truck Miles Per Year

You read that right – every year U.S. trucks drive an estimated 20 BILLION miles hauling zero, zilch, nada – just empty trailers. Only McDonald’s should brag about numbers like that. The transportation industry should be ashamed.

Commonly referred to as “Deadhead Miles,” the costs associated with so many ghost hauls span far and wide, touching virtually every sector of our society:

  • “For-hire” independent drivers – comprising the vast majority of the U.S. trucking workforce – lose thousands of dollars per year because of empty backhauls returning home after dropping off a load.
  • The estimated 1 million trucks driving empty every day are needlessly contributing to our crumbling highways and infrastructure.
  • The Environment: An estimated 67 million metric tons of carbon dioxide are emitted by empty trucks every year. Let’s all breathe that in. Actually, let’s not.
  • Business Costs: Trucking companies (carriers), shippers (manufacturers), and even third-party freight brokers also feel the weight of this waste in the form of higher business costs and massive overhead.
  • Consumers: You guessed it. When an entire industry is mired in outrageously inefficient and costly processes… the buck gets passed down to the consumer in the form of higher prices for just about everything.

The simplest explanation for how we got here is the remarkable lack of technical and practical foresight that has splintered and stalled the massive $800 billion U.S. freight transportation sector for decades.

Now technology is trying to catch up. Uber is jumping into the freight game. Scores of startups are peddling niche freight-matching solutions to fill empty trailers.

But only one company – LaneAxis – is taking a big-picture approach to solving this 20-billion mile problem. It’s called the “On-Demand Freight Network” – powered by the Professional Trucker App.

Just about every other company out there – new and old – continues to operate on the premise that broker-based load boards are the way to connect companies looking to move freight with drivers/carriers waiting and willing to haul it. Load boards serve a purpose: Shippers or brokers post an available load with a pickup and destination point, a driver calls or electronically submits their interest, the two agree on a price, and voila – the transaction is done.

This does not solve the 20-billion mile problem.

LaneAxis is taking a more holistic approach to this cargo crisis.

The patented LaneAxis platform aims to coalesce the nation’s 4 million truck drivers into a single “Professional Trucker Network,” linked together via a mobile app that serves as a digital home base for drivers. The Pro Trucker App allows drivers to enter their professional and vehicle details along with current and future location(s) into the LaneAxis data network. Shippers and other supply chain parties can then query the network via a web-based portal, set specific parameters and requirements for their shipment(s), then send out “revenue alerts” to all drivers who meet those thresholds. In practice, this gives shippers immediate “on-demand” access to qualified drivers, while giving drivers the opportunity to plan their hauls days and even weeks in advance. This will dramatically reduce the number of deadhead miles.

The LaneAxis Platform

“We’re not focused on a single movement, we’re focused on the movement of the entire network,” says Rick Burnett, LaneAxis CEO & Founder. “We’re not a competitor to a load board because we are a network – really creators of a network that doesn’t exist. We’re about building visibility and reducing costs for an entire industry. You can do everything through our system.”

Burnett says LaneAxis is a true “all-in-one” freight management platform that simply doesn’t exist today.

“Beyond the direct network connectivity we provide, the system also manages all critical aspects of freight movements, including shipper-carrier contracts, insurance documentation, real-time freight tracking with configurable geofences, and all crucial paperwork including proof-of-pickup and proof-of-delivery – all digitally uploaded and archived. We enable organizations to view, analyze, predict and communicate the status of any shipment in real-time.”

The Pro Trucker App offers drivers numerous value adds including free truck-specific navigation, real-time fuel pricing and discounts, and instant access to “AAOO Mobile” – the mobile platform for the American Association of Owner Operators, one of LaneAxis’ principal partners.

In sum, LaneAxis believes the solution to eliminating those 20 billion empty truck miles is not thousands of scattershot load boards, but a single, unified, transportation network that will benefit shippers, drivers, and consumers equally.

Visit https://www.laneaxis.com to learn more.

Drivers! Join the LaneAxis Pro Trucker Network Today! Download the App Now:

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“Baseless” Claims Against LaneAxis CEO Rick Burnett Dismissed as Part of Lawsuit Settlement

Former partner companies split after firing of Budbo executives

Huntington Beach, CA, September 18, 2019 – LaneAxis, Inc. and CEO Rick Burnett have reached a settlement agreement with the former corporate officers of Budbo, Inc., bringing to an end a lawsuit filed by the plaintiffs in late 2018. Of greatest importance to LaneAxis and Mr. Burnett, he has been released from any and all claims that he improperly transferred corporate funds to himself. Several weeks prior to the scurrilous allegations set forth in the lawsuit, Mr. Burnett, who at the time also served as Budbo CEO, fired the plaintiffs from their positions as Budbo corporate officers.

Budbo, a mobile app focused on the cannabis sector, and LaneAxis, a data analytics and real-time tracking tool for the freight transportation industry, formed a corporate partnership in April, 2017 at which time Burnett assumed the title of Budbo CEO. In early 2018, Budbo held a successful Initial Token Offering (ITO) as part of its strategy to create a blockchain solution for cannabis companies. That strategy included plans to integrate LaneAxis’ proprietary tracking technology into its platform.

Shortly after returning from an overseas trip to promote the token offering in late spring, 2018, Burnett and the Budbo team had differences of opinion regarding numerous issues, including corporate strategy. In June of 2018, Mr. Burnett’s Budbo email account was shut down without warning, effectively eliminating his ability to properly lead the company. The email account was never restored.

The lawsuit filed in November 2018 by the Budbo officers claimed Mr. Burnett had improperly transferred funds from Budbo accounts to himself – accounts of which Mr. Burnett never had access to.  In May, 2019, LaneAxis proceeded to file a detailed motion to dismiss the lawsuit. Weeks later, the plaintiffs and their legal counsel moved, in earnest, to settle the case – which provided that Mr. Burnett was not obliged to pay a single penny of the money that was allegedly transferred improperly.

“It’s certainly unfortunate that the relationship between LaneAxis and Budbo ended the way it did,” said Burnett. “But as I maintained from the beginning, the suggestion that I did absolutely anything inappropriate with company funds was completely baseless from the start, particularly as I never had access to distribute any of the wallet funds.”

The lawsuit settlement rescinds the initial shareholder agreement, allowing the Plaintiffs to return to their original company. The settlement also establishes a governing body, known as a Decentralized Autonomous Organization (DAO), to oversee management of tokens sold during the Budbo ITO.

LaneAxis is currently developing the first-of-its kind Professional Driver App and Transportation Data Network focused on connecting shippers directly to drivers. Visit www.LaneAxis.com to learn more.

For more information contact: media@laneaxis.com