Road-Freight Tech Venture, TRUXAPP, Projects US$ 1 Billion In Revenues By 2022

 Truxapp, a technology-enabled trucking and logistics provider, which has been working since 2015, is rapidly establishing itself as a market leader in the road freight and trucking sector. Truxapp has aggregated over 350,000 trucks and over 200 corporate clients as a group with revenue projections of US$1 billion by 2022, with over 40% of the revenues coming from the GCC alone.

Entering the UAE market in 2017 to deliver seamless solutions to the logistics industry as demand grows at an exponential rate. Truxapp already boasts 20,000 trucks listed in the GCC and growing, along with a steady list of Blue Chip Clients across various sectors.

According to a report by Frost & Sullivan, a leading global strategy consulting company, Saudi Arabia and UAE are the largest logistics markets in the GCC, with an estimated market size of US$ 55 billion and US$ 30 billion respectively. In addition, the addressable road transportation opportunity size across the GCC is US$ 24 billion, and this is where technology in transportation logistics is becoming increasingly relevant.