GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share

New service uses technology to bring efficiency to trucking market 

RIYADH, Saudi Arabia – July 3, 2018 –   Homoola today announced the formal launch of its digital load-matching service in Saudi Arabia, where it will bring new efficiency to road freight by using technology to pair shippers and trucking companies.  

Homoola's load-matching technology addresses the pain points felt by both shippers and carriers.  It gives shippers access to capacity at times of peak demand and allows them to optimize the efficiency of their shipments at other times. Homoola prevents carriers from driving empty miles or sitting idle waiting for cargo. Agility is a key investor in Homoola.

Ziyad Al Homaid, Homoola co-founder and CEO said, “Homoola's goal is to build a platform matching multiple carriers and drivers, based on cost, quality of service and terms of payment.” 

Homoola has been operating in Saudi Arabia since January. Its platform gives trucking companies, including smaller carriers, access to a larger pool of customers and allows them to make more efficient use of their fleets. Shippers can select from among multiple trucking options that meet their standards for quality and consistency.  

The development of Homoola is consistent with Saudi Arabia's Vision 2030 economic objectives. Among the goals outlined as part of Vision 2030, the Saudi government seeks to diversify the economy, grow the private sector, create new jobs, improve its competitiveness, become a logistics leader, increase non-oil exports, and draw foreign investment.    

“Homoola allows logistics and trade to be conducted more efficiently and effectively – in keeping with the Kingdom's 2030 vision,” Al Homaid said.

Asim Al Rajhi, Homoola co-founder and COO, said: “The surge of transactions delivered to customers over the past few months reflects the market's demand for Homoola. Our customers are telling us that they like the real-time and accurate updates on pricing, and also the ability to track their goods at all times.” 

Agility Ventures, the corporate venture arm of global logistics giant Agility, is a key investor in Homoola and has worked closely with the Homoola team on the platform's development and operational launch. Agility Ventures partners with promising startups that are championing technologies that can help build faster, more secure and more sustainable supply chains. Agility Ventures has invested in digital start-ups that bring new efficiency to e-commerce fulfillment and last-mile delivery for businesses and consumers.

Henadi Al-Saleh, Chairperson of Agility and Head of Agility Ventures, said: “Customer expectations and demands are constantly changing, as are their operating models. Homoola will offer a real-time view of fleets, as well as insights into market supply and demand in the region. Agility will continue to innovate in partnership with startups like Homoola.” 



Posted by : GoDubai Editorial Team
Viewed 20447 times
Posted on : Tuesday, July 3, 2018  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Emirates Post Extends Discount Campaign until the end of July
Next Story : Etihad Cargo Ready for Summer Automotive Bookings With the Launch of ‘FlightValet'
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Put your best skin forward for Spring/Summer 19' with Kocostar's Camouflage range
The Amphis Ritual
Celebrate Mother's Day with the perfect gift from Sawalef Perfumes
GROHE Shapes the Future of Water with a record number of innovations at ISH 2019
The Perfect Gift for Mother's Day
Pomsies launch six new Fabulous Friends!
The essence Guide to a Mother's Day done right!
Now United to Perform at World Games' Opening Ceremony Pre-Show
Time to Honour Our Moms with the Best from HONOR: Mother's Day Gift Guide
Salvatore Ferragamo Timepieces - Spring/Summer 2019 Collection
Tonda 1950 Stone-set range
Get Kylie Minogue's Youthful Complexation with The Organic Pharmacy's Rose Diamo...
Trade-in Your Old Device for a brand new Galaxy S10
Visa partners with Starbucks & Hardee's to help promote the use of Apple Pay in ...
Dubai Festival City Mall picks the perfect gifts to say thank you to all mums th...
Splash launches Regional Designer Collaborations
Desigual ‘Not the Same' Since 1984
World's most expensive perfume ‘SHUMUKH' launched at The Dubai Mall as an exquis...
Go on, catch the summer moments
Zoho sees over 100% market growth in the UAE, announces initiatives for the region
V-URBAN Versace – Spring/Summer 2019 Collection
Giti Tire Celebrates New Beginnings with Opening of First Middle East Flagship S...
Dubai Modest Fashion Week Celebrates a Successful Return for 2019
TREND ALERT: Denim | Marks & Spencer
A major presence of the French cosmetics industry at Beauty World Middle East in...
Ericsson and UNESCO launch new global AI skill development initiative for youth
LG's Smart Kitchen Appliances Help Families Eat Healthy, Stay Fit and Waste Less
It just keeps getting better: Nokia 3.1 gets a fresh slice of Android 9 Pie
Lulu Promotes Food Is Great Britain: A British Food Festival
Tukish Airlines is moving to its new home, “The Great Move” begins
Fit and Fabulous – now a possibility with HONOR technology
Kronometry 1999-Corum boutique in Paris
Epson's latest A4 business inkjets help businesses print more for less
Smiles, and Medals, All Round After Double Success for Team GB Siblings at World...
Hucklebones create charming pieces for girls filled with easy-going elegance for...
Coach presents Park Collection
Dubai Customs celebrates the Emirati Children's Day
Speech by HE Abdulrahman bin Mohamed Al Owais, Minister of Health and Prevention...
HP Raises the Bar for Exciting and Secure Devices with Cutting Edge PC Innovations
Sahara Centre Welcomes Customers with the ‘Win Wheels with Meals' Campaign
Etihad Airways Welcomes Ireland's Minister for Transport, Tourism and Sport to I...
More than 3000 people visit Emirates A380 at first Saudi International Airshow
Cole Haan Delivers True Performance Footwear With the Release of the Zerøgr...
MOTIONGATE™ Dubai launches special treat for moms to celebrate Mother's Day on ...
First in Asia, Aster CMI Doctors rescue teen suffering from rarest of the rare g...
Fintech will radically improve financial health of people in the Gulf, say experts
Italian Design Day returns to Dubai with the theme Internet of Things
Olivia Burton presents Sunlight Florals/Mothers and daughters collection
Emirates Foundation's Think Science Fair kicks off in Fujairah
HUGO BOSS Watches INTENSITY Collection