Open Road
We believe one of the biggest misallocations of capital and capability in the USA is the untapped power of the light truck consumer fleet. With over 160 million trucks registered in the USA alone, this potential workforce can disrupt the shipping industry forever and change how things are moved across the country. Through our sustainable shipping model, Open Road will:
- Offer a uniquely timing-focused shipping solution
- Create numerous freelance jobs
- Save companies from financially-draining delays
- Give shippers and drivers flexible options
- Grow and scale sustainably
- Thrive even in a contracting economy
The Problem
In 2022, 45% of small businesses reported domestic supplier delays, and large businesses across sectors cut production forecasts for 2023 due to shipping and supply issues.
25 - 300 MILE RANGE
The local less than truck load supply chain is broken.
Semi-trucks doing less than truckload (LTL) are not efficient and often difficult to schedule. LTL is not their sweet spot, and thus it is consistently sidelined and delayed.
The growth in LTL shipping is putting a strain on the system. It will cause an estimated shortfall of 168,000 truck drivers by 2028.
There is a major logistics problem shipping to rural towns across America, especially those that aren’t located on major highways—causing costly delays to small and mid-size businesses.
There is no national shipping marketplace and the current brokerage model favors the shipper over the driver.
Percentage of Sectors That Experienced Domestic Supply Chain Delays in 2022
National Average = 45.4%
Manufacturing
Retail Trade
Construction
Hospitality
Services
Wholesale Trade
Utilities
Mining, Oil & Gas Extraction
Health Care & Social Assistance
Administrative & Waste
Transportation & Warehousing
Arts & Entertainment
Information
Real Estate
Scientific & Technical
Educational Services
The Solution
Open Road Shipping! We solve the problem in a simple, elegant way—an app that connects shippers with freelance drivers.
Open Road allows SMB Companies & Enterprise Distributors to post simple pick up/drop off delivery jobs that exceed small parcel capacity, but are often the last consideration for LHT—specifically LTL (less than truckload).
Drivers—think F150s with simple trailers—can pick up these jobs and ensure that products are delivered same-day, or within delivery timeline requirements.
725%+
With over 16 million F-150's on the road there are 725% more F-150 trucks than semi trucks available to move shipments
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Why Now?
Highway diesel prices were up 38% year-over-year on average in 2022, and are expected to stay much higher than gasoline for the foreseeable future.
Many people are predicting a recession in 2023 and will cause many truck owners to look for an additional source of income.
How Are Supply Chains Impacting Small Businesses?
Percentage of small businesses citing supply chain disruptions and inflation concerns, as of January 2022
Supply chain disruptions have had a notable impact on their business
See inflation as the most important problem
Market Data
The LTL market size continues to grow with an estimated increase of more than 100 billion in the next 5 years.
Less Than Truck Load
Market Size Outlook (USD Billion)
2017: USD 192.23
7.98%
Year-over-Year growth rate of 2023
7%
CAGR 2022-2027
Accelerating
Growth Momentum
103.05 Bn
Market size growth from 2022-2027
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Competition
This is the beauty of Open Road. There is no direct competitor, and we are the first to market with a product like this.
- Current solutions and competitors all fall short
- Semi trucks doing LTL are not efficient, and are often difficult to schedule. LTL is not their sweet spot, and thus is consistently sidelined.
- Independent shippers and hotshots have limited resources and can’t compete with the size and flexibility of our fleet.
- Other technology apps are focused on B2C, while we serve the B2B market.
The Product
Shippers
The Open Road app features technology that is quick to deploy and easy to use. Post a shipment and pay once your parcel has been picked up. Businesses use the platform at their convenience.
Drivers
Once onboarded, freelance drivers can quickly find jobs and make money in a day's work—avoiding the long hours and miles of the LHT industry.
Revenue Model
It’s simple and straightforward—We take a 15% commission on each transaction.
Year 1
$11.7M
100 Trucks
5 shipments per week
$67.5
Average Fee
$450 per shipment
$1.7M
Projected Revenue
Year 1
Year 2
$37.4M
400 Trucks
4 shipments per week
$67.5
Average Fee
$450 per shipment
$5.6M
Projected Revenue
Year 2
Year 3
$105.3M
1500 Trucks
3 shipments per week
$67.5
Average Fee
$450 per shipment
$15.8M
Projected Revenue
Year 3
Disclaimer:
The information provided on this webpage pertaining to Open Road Shipping, Inc. its business assets, strategy and operations is for general informational purposes only and is not a formal offer to sell or a solicitation of an offer to buy any securities, options, futures, or other derivatives related to securities in any jurisdiction and its content is not prescribed by securities laws.
This webpage includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended , and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical fact are, or may be deemed to be forward-looking statements. By their nature, the forward-looking statements and financial projections on this website involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking information will not occur, which may cause the Company's actual performance and financial results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements and financial projections.
Open Road Shipping, Inc. and its agents, advisors, directors, officers, employees and shareholders make no representation or warranties, expressed or implied, as to the accuracy of the information on this website and expressly disclaims any and all liability that may be based on such information or errors or omissions thereof. Open Road Shipping, Inc. reserves the right to amend or replace the information contained herein, in part or entirely, at any time, and undertakes no obligation to provide the recipient with access to the amended information or to notify the recipient thereof.
