2.3 COMPANY HISTORY Haul-IT is a startup company that is currently in the product development phase.
It was started as the management team of Trucking Technology, Inc.
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1.1 COMPANY Haul-IT is an online management tool for independent truckers as well as an online marketplace to match truck load suppliers with truckers for backhauling opportunities and route optimization.
It is estimated that 428 monthly customers will achieve break-even for the company, which is reached early in Year 4.
By Year 5, sales are estimate at over million a year, with a profit of over 40%.Personnel for the first 5 years of operations have also been secured.1.6 FINANCIAL PLAN Haul-it has a strong business model of recurring revenues through subscriptions, along with commissions taken from completed auctions.Haul-IT is a subsidiary startup of Idaho based Trucking Technology, Inc.1.2 PRODUCTS & SERVICE Through a monthly subscription members will be given access to an online marketplace which matches empty load truckers with suppliers needing deliveries.2.2 LEGAL ENTITY & OWNERSHIP Haul-IT is a subsidiary of Trucking Technology, Inc, a C-corporation organized under the Idaho Corporation Act.The company is headquartered in Boise, Idaho, and is currently 100% owned by Trucking Technology, Inc.Haul-IT is an online market place and trucking management tool.For small independent trucking companies, membership to the web-based tool tracks the company’s jobs in a calendar application and queue, allows them to network with other truckers, provides the latest industry information and trends and, most importantly, allows them to search and bid on backhaul jobs.Additionally, Haul-IT’s parent company has given Haul-IT complete access to its customers to encourage early sales.In the near future, system infrastructure will need to be update to keep current with technology advancement and company expansion.