Published Oct 30, 2019

E995 The Next Unicorns E9 NEXT Trucking CEO Lidia Yan on scaling her two-sided trucking marketplace

NEXT Trucking CEO Lidia Yan delves into how her company is revolutionizing the trucking industry with a two-sided digital marketplace, tackling industry challenges like driver shortages and competition from giants like Uber Freight and Amazon, while emphasizing the empowerment of drivers and technological advancements.
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  • NEXT vs Uber

    NEXT Trucking, led by , distinguishes itself from competitors like Uber Freight by focusing on drayage, a niche within the trucking industry. Unlike Uber Freight, which targets long-haul truckloads, NEXT Trucking connects shippers with small trucking companies, primarily those with fewer than six trucks and ten drivers 1. This approach caters to the 90% of the market composed of owner-operators and small family-run businesses. explains that their technology replaces traditional brokers, who relied on phone calls to match loads, with a more efficient, data-driven marketplace 2.

       

    Amazon's Impact

    Amazon's logistics innovations have significantly influenced the trucking industry, pushing companies to modernize their systems. notes that Amazon's emphasis on automation and real-time tracking has set new technological standards, making logistics a more attractive sector for investors 3. This shift has highlighted the need for updated software and systems, as many existing solutions were developed decades ago. also describes how NEXT Trucking operates within this ecosystem, handling the initial and mid-mile transportation of goods from ports to distribution centers, but not the last-mile deliveries typically associated with Amazon 4.