TechCrunch Startup News YC-backed Oway raises $4M to build a decentralized ‘Uber for freight’
Aug 26, 2025
Discover how a startup is revolutionizing the freight industry by connecting truck drivers with cargo opportunities, much like Uber does for passengers. They discuss the surprising fact that many trucks are only half full, marking a significant inefficiency. Oway has just raised $4 million to tackle this issue using advanced technology, including AI, aiming to boost efficiency, lower costs, and reduce emissions in trucking. This innovative approach could reshape logistics for a greener future!
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Massive Empty-Space Opportunity
- Thousands of U.S. trucks run about half full, creating a large inefficiency in freight transport.
- Oway targets that gap with software to match cargo to empty trailer space and reduce cost and emissions.
Tech Stack That Enables Ride-Share Freight
- Oway combines machine learning and automation to match cargo with spare trailer space and streamline paperwork.
- That approach can cut pallet shipping costs dramatically by using real-time location data from ELDs.
ELDs Unlock Real-Time Matching
- Electronic logging devices (ELDs) provide real-time truck location and made Oway’s model possible.
- ELD data lets Oway route shipments to trucks already headed near a destination, avoiding full-truck purchases.