shuddl
Date of Foundation
2022

shuddl

Eco-Friendly B2B Shipping Marketplace

The Idea origin story

Shuddl is revolutionizing logistics by employing AI to optimize Less Than Truckload (LTL) shipments through our marketplace. It accurately predicts freight space in trucks in transit and matches them with impending shipments for instant pricing. Our unique "Last-On, First-Off" approach minimizes damage/delays by adding just one shipment to already en route trucks, reducing transit time and effectively lowering each shipment's carbon footprint.

The Mission

"Shuddl strives to transform logistics through an efficient marketplace for LTL shipments. With AI, we optimize truck space and reduce carbon emissions."

Clients

Business which move goods, particularly those which value sustainability

Problems we solve

Client’s problem

Your startup can solve several key problems: inefficiencies in the logistics industry, high shipment costs, excessive carbon emissions from under-utilized trucks, lack of transparency in pricing and availability, potential damages to goods during multiple transfers.

Confirmation of problem

The urgency of these problems is underscored by industry data: 15-25% of trucks are underutilized, contributing to lost revenue and environmental harm. Rising shipping costs, lack of transparency, and complex logistics chains further exacerbate issues. Environmental concerns are heightened as transportation is a major emitter of greenhouse gases. Additionally, smaller shippers struggle with limited flexibility, and driver inefficiency due to empty miles impacts earnings. These facts validate the need for a solution like shuddl.

Solution

Shuddl's AI-driven marketplace matches underutilized truck space with LTL shipments, lowering costs and emissions while enhancing transparency and efficiency.

Our technologies

This solution is based on technologies

How it works

Shuddl's AI predicts and matches available truck space with LTL shipments, provides instant pricing, minimizes risks, and maximizes revenue.

Value for the client

Shuddl cuts costs and boosts sustainability by optimizing truck space. It ensures reliable deliveries, profitable trips for carriers, and trust via transparency.

Market and strategy

Market size

40000

mln/year

We estimate the market size for which our solution is designed in monetary terms as follows

Market share goal

1

% of the market

Is our goal in the next 3 years

Team

My name’s

Spencer Steliga

My key role in the product

As CEO, my role is guiding Shuddl's vision, raising funds, forming a stellar team and directing all operations to revolutionize eco-logistics.

Team size and key members

Consider hiring a CFO for financial strategy, CTO for tech advancement, and a Marketing Director to elevate brand presence.

Competitors

Competitors

Our Advantages

PitchBob’s recommendation: Shuddl excels with its LTL focus, sustainability efforts, instant pricing and unique "Last-On, First-Off" loading. Plus, we promise transparency and driver empowerment while offering flexibility to small & large shippers alike.

Business model

Shuddl acts as a freight broker, providing upfront shipment pricing. We seek to hire carriers at 15% lower rates, capitalizing on the price difference.

Traction

Achieved monthly revenue of $750K at 14% profit, secured contracts with six Enterprise shippers yielding $8M in annual contract freight.

By the end of the funding period, shuddl anticipates refined AI tech and new features. Customer base growth is expected along with improved retention rates. Aim is for enhanced operations efficiency possibly expanding to new markets and stronger brand recognition.

Metrics

Tracking key indicators: Monthly Active Users, Customer Acquisition Cost, LTV to CAC Ratio for profitability, Churn Rate for retention, NPS for satisfaction, ARPU for revenue efficiency. Load-to-Truck Ratio and Time to Fill a Truck assess the platform's effectiveness. Lastly, Carbon Emission Reduction quantifies sustainability impact.

In its first business year, Shuddl achieved $7.8M revenue and currently has a $9M annual run-rate, maintaining 14% profitability at booking time.

Incorporation

Our company incorporated in

Delaware

Key risks

Risks: Stiff market competition, potential AI technology failure, regulatory changes impacting business model, challenges in customer adoption and scalability, economic fluctuations affecting logistics industry, and data security breaches.

Investments

$

0

We raised investments

Our Investors

0 investors founder owns 100%

Rising Investments

$

10000000

Currently, we are raising investments

$

90,000,000

Estimated pre-investment valuation of the company

We’re looking for a co-founders

Open positions

Article

Read

Additional information

shuddl utilizes AI to optimize eco-logistics. In a $40B market, its unique model presents robust growth and competitive edge. The collected data opens more monetization paths. As such, shuddl is not just an investment but also a change-maker in logistics.

MVP