Hello LaneAxis Shareholders and Supporters,
Following up on last week’s update regarding LaneAxis’ launch of the industry-first carrier “Performance Assessment Score” – you likely know the LaneAxis Team is extremely busy right now on multiple fronts. Rick just returned from Washington D.C. where he held a closed-door meeting with about a dozen high-level officials from FEMA (Federal Emergency Management Agency) and DLA (Defense Logistics Agency). The presentation went very well. Of course that comes with the caveat that nothing is guaranteed and government agencies move slowly – but we are moving in the right direction.
While we work on the multitude of initiatives and system upgrades, we thought it would be a good time to remind everyone of why we’re doing this: the freight transportation system is beyond broken and hardworking U.S. truckers are getting the rawest of raw deals thanks largely to freight brokers.
97% of the industry is small and independent, with most carriers owning just a handful of trucks and in many cases just a single truck. They should have outsized power, but they don’t. LaneAxis is focused on giving power back to truckers by connecting the independents directly to the shippers they’re already moving loads for – except in the current model they’re obtaining these loads via freight brokers and/or mega trucking companies who charge outrageous fees to hand these shipments off to the “little guys.”
Let’s put this in perspective: in just about every other industry if 97% of its participants demanded change – change would happen. So why isn’t it happening in trucking? Because the broker monopoly is doing everything in its power to maintain the status quo and keep pocketing up to 70% COMMISSIONS (unregulated) that should be going to truckers. The clear answer is a Shipper-direct network that cuts these brokers out of the equation.
As investors, your support is contributing to the inevitable and overdue direct network that LaneAxis has created utilizing patented software, blockchain tech, artificial intelligence, and automation.
Below we’ve put together a sampling of trucker comments pulled from just a handful of our recent social media posts, as well as three videos describing some true broker horror stories. It’s always best to see and hear things first hand. We encourage you to read all the comments and watch all three videos. It’s an eye-opening reminder of the importance of our mission to transform trucking.
This, of course, is a TINY sampling illustrating the trucker furor over brokers. Every single day we talk to carriers with similar stories.
THIS is why we’re doing what we’re doing – transforming freight transportation not just for a better and more efficient supply chain – but to benefit the million+ independent drivers out there who keep all our shelves stocked. It’s important to remember, if all independent truck drivers decided to stop hauling freight (which many are doing), store shelves across the country would be empty in less than a week. This affects us all.
For those of you who have invested with us, we thank you. You are contributing to the betterment of not just an industry – but the entire country. Trucking is the true backbone of the American economy.
If you haven’t invested with us, we invite you to do so while you still can.
Thanks again for all your support.
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