Yardstick Transportation Technologies LLC
en
en
en
en
en
en
Date of Foundation
2021

Yardstick Transportation Technologies LLC

Automated Load Planning and Dispatch Service

Contact

The Idea origin story

Yardstick Technologies targets the US transportation sector's driver shortage crisis affecting the national economy. Our solution, called DispatchMax, utilizes a sophisticated Revenue Maximization Algorithm to increase resource utilization and revenue for smaller trucking companies without expanding their resources. By considering multiple shipment-and-return scenarios instead of simple A-B or X-Y routes, we aim to create more efficient schedules that maximize profitability.

The Mission

Yardstick aims to boost trucking profits, doubling the 8.7% industry average and curbing the US driver shortage impact.

Clients

Yardstick's customers are owner-operators and small fleet owners, initially targeting 502K carriers/900K drivers with 1-6 power units.

Problems we solve

Client’s problem

PitchBob’s recommendation: Yardstick addresses US transportation's driver shortage crisis by improving small trucking companies' decision-making, enhancing utilization and revenue without fleet expansion.

Confirmation of problem

the US could face a shortage of 160K drivers by 2030, disrupting freight transportation significantly.

Solution

Yardstick's solution is an automated dispatch service powered by a revenue maximization algorithm, aimed at increasing utilization and profitability for small fleets/owner-operators.

Our technologies

This solution is based on technologies

AI, Predictive Analytics, Machine Learning, and IoT could be highly beneficial for data analysis and automation.

How it works

Yardstick's automated service collects shipping data, analyzes with our RMA, and ranks shipment combinations for the highest profitability.

Value for the client

DispatchMax optimizes trucking schedules for maximum revenue, reducing resource wastage and making smaller carriers more profitable.

Market and strategy

Market size

127.5B

mln/year

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

Market share goal

0

% of the market

Is our goal in the next 3 years

Team

My name’s

Zak Mattocks

My key role in the product

My key role is Strategy, Planning, and Leadership. I'm responsible for setting goals, developing strategies to achieve them & leading the team.

Team size and key members

Jim Weyer, PhD candidate with experience in major trucking firms, leads Logistics. Jason Jialanella, former senior leader at FedEx, oversees Carrier Engagement.

Competitors

Competitors

Potential competitors could include large logistics platforms, freight brokerages, other digital freight matching solutions and in-house logistics teams of the manufacturers or distributors.

Our Advantages

Yardstick owns a first-mover advantage in load planning and dispatch services for owner-operators & small fleets. Our unique focus on revenue growth, our proprietary algorithm, and automated dispatch service set us apart from competitors.

Business model

Yardstick will charge the driver 10% per load transaction fee of the truck revenue

Traction

Our algorithm has successfully undergone rigorous statistical testing and validation, ensuring its robustness and accurate performance. It's a major step in our product progress journey, marking a significant milestone of development achievement.

50 million in revenues

Metrics

1. Active Users: Monitoring user engagement. 2. Churn Rate: Tracking customer retention. 3. Lifetime Value (LTV): Forecasted customer revenue. 4. Customer Acquisition Cost (CAC): Spend per new customer. 5. Conversion Rate: Visitor-to-action ratio calculation. 6. Average Revenue Per User (ARPU): Revenue analysis per user.

Revenue from sales. Gross margin for profitability. Operating expenses apart from production costs. EBIT for operational performance analysis. Net income as profit/loss tally post all deductions. Tracking the amount of cash flow.

Incorporation

Our company incorporated in

Ohio

Key risks

One of the main risks could be market acceptance. The transportation industry is historically slower to adapt new technologies. Competing against established dispatch services with larger resources can also pose a challenge. Legal and regulatory compliance, potential data breaches or system failures are other significant risks.

Investments

$

4300

We raised investments

Our Investors

founders at 100%

Rising Investments

$

2100000

Currently, we are raising investments

$

*Discounted Cash Flow (DCF) Method*: The DCF method projects how much cash flow the startup will generate in future and then discounts it back to present value using an appropriate discount rate

Estimated pre-investment valuation of the company

Request additional information

We’re looking for a co-founders

Open positions

Article

Read

Additional information

Yardstick Transportation Technologies LLC
Idea
Date of Foundation
2021