Truckin’ start-ups gain­ing ground

Big Rigs - - NEWS -

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.

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