Trucking start-up tests tech
Roughly 40 per cent of the trucks you see hurrying along the highway are carrying the same commodity: Yacht fuel.
That’s what truck-owners like Shane Grant of Shandon Transport call fresh air.
The trucking industry has a serious over-capacity issue.
At any point in time many of the trucks on our roads are running empty, heading to a pick up, or returning from a drop-off, transporting nothing but yacht fuel from A to B.
But a global tech start-up hopes to change that, and has chosen New Zealand to test its system.
TNX has created an online matchmaking platform allowing people and companies with cargo they want moved to seek a ‘‘spot’’ price from trucking companies with spare capacity.
‘‘We wanted a place where we could focus on testing a product before we go to compete hard in bigger markets,’’ said TNX’S head of adoption Jonah Mcintire.
New Zealand was a good place for TNX to headquarter and do its trials as undercapacity in the trucking industry is a mirror of larger markets, he said.
That included the proportion of cargo capacity filled with yacht fuel. ‘‘In New Zealand about 40 per cent of the time, it is fresh air. Globally that’s similar. It’s not like New Zealand is particularly bad,’’ Mcintire said. It’s something of a secret from the New Zealand public.