Oway Launches: Ridesharing Freight to Cut SMB Shipping Costs by 50%

Oway recently launched!

^{"Oway makes freight shipping significantly cheaper + faster by selling unused truck space that's already on the road."}

^{TL;DR - Oway is a marketplace that makes freight shipping extremely affordable for SMBs by automatically “ridesharing” shipments using unused truck space going along the same route.}

^{It's popularizing a completely new way to affordably ship up to 8 pallets across long distances, cutting out warehousing transfers along the way.}

^{For example: You can now overnight ship up to 750 lbs of goods on a pallet, across the state, for just ~$60 (instead of $120 market rate).}

_‍^‍_‍Founded by Phillip Nadjafov‍‍

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The Problem

• Every year, almost half of all truck space goes unused in the $900B+ US trucking industry.
• Historically, freight shipping has been more expensive per unit for SMBs than for enterprise users due to their low relative volume. This results in higher COGs overall for SMBs, making it even harder for them to compete in their markets.‍
• On top of that, SMB freight shipping is generally an extremely low-visibility, high-friction environment due to its low value to a big trucking company’s bottom-line.

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🚚 The Solution

• ‍Oway created a rideshare protocol that allows you to ship up to 8 pallets, overnight, for up to 50% off of market rate.‍
• When you place an order, Oway automatically matches and adds quick detours for independent truck drivers who are going to the same final destination as you with empty space. This saves you money and skips warehouse transfers (which reduces damage). Paperwork is fully automated, and tracking is integrated.
• It's designed to be simple (you can place an order in 30 seconds) and scale with your business.‍
• It’s great for truckers too. By doing 3 extra Oway deliveries per week, drivers can earn an additional $30K in extra income per year (avg. US trucker makes $65K in take-home income).
• It’s also great for the environment. 🍃

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Learn More_‍

_{🌐 Visit www.oway.io to learn more}

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🌟 If you want to use Oway, they currently operate in California and are shipping to AZ, NV, and TX.}

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