Truckin’ start-ups gaining ground
AUSTRALIA’S first freight-tech start-up Channel 40 has continued its growth since establishment earlier this year, as owner drivers weigh up the risks and rewards available in the space.
The app, matching loads to drivers, has been selected as a finalist at this year’s Dubbo Chamber of Commerce and Industry’s annual Rhino Awards for Excellence in Business.
Channel 40 founder and CEO Tom Cavanagh said start-ups have more challenges than a traditional business.
“Since launch, Channel 40 has facilitated more than $1 million in revenue for truck drivers,” Mr Cavanagh said.
“Every driver has been paid within 48 hours of completing the job. That’s unheard of in the industry.
“Today we have more than 6000 users and that number’s growing every day.”
We are very happy with those numbers.
“But, I have to admit, there have been times I’ve felt like we’ve been winging it,” he said.
“They say when you are launching a tech start-up, if you wait until you aren’t embarrassed by your technology, you’ve waited too long.”
The app now has over 6000 users.
Mr Cavanagh said his team is continually upgrading and improving Channel 40’s capabilities based on user feedback.
Further developments are expected from the Channel 40 team later this year.
❝I have to admit, there have been times I’ve felt like we’ve been winging it. — Tom Cavanagh
APPS: Channel 40 founder and CEO Tom Cavanagh’s fledgling business is being recognised for the first time.