CloudTrucks
CloudTrucks is a virtual trucking carrier platform serving owner-operators and small fleets with load booking, non-recourse instant payments, insurance, compliance tools, and fuel discounts under its motor carrier authority, plus an Exchange 3PL connecting shippers to 35,000+ vetted carriers.
- Company typePrivate
- Founded2020
- HeadquartersSan Francisco, United States
- Headcount101–250
- GTM typeB2B and B2C
- OfferingSoftware
What CloudTrucks does
CloudTrucks is a San Francisco-based virtual trucking carrier platform, founded in 2019 and launched in May 2020, that operates as a licensed interstate motor carrier (CloudTrucks, LLC, a wholly owned subsidiary of Cloud Technologies, Inc.) and provides owner-operators and small fleets with an all-in-one software and services bundle under its motor carrier authority. Its core products are Virtual Carrier (an 18% per load arrangement providing auto liability and cargo insurance, non-recourse instant payments within two hours of proof-of-delivery, access to a load board with Instant Book, Auto-Bidding, and an AI-powered Dispatch Assistant, Business Intelligence dashboards, fuel discounts, IFTA filing, and 24/7 support) and Road to Independence (a 21-24% per load lease-to-own program with exclusive truck leasing partners FleetFirst, HEC, and SFI, plus dedicated dispatchers and a business consultant). Supporting modules include the Flex fleet management SaaS ($30/month per user for 1-3 vehicle fleets, custom pricing for 4+), the CT Fuel Visa card (issued by Cross River Bank with up to 3% cash back and interest-free credit), and the CT Cash digital wallet (issued by Celtic Bank through Stripe). On the demand side, CloudTrucks Exchange is a 3PL platform connecting shippers to a network of 35,000+ vetted carriers with API/EDI integrations, real-time tracking, and multi-modal coverage across FTL, LTL, Drayage, and Final Mile. The company has delivered 260,000+ loads and accumulated 23.3M+ miles driven since inception, with a closed network of 700+ owner-operators under its authority covering the lower 48 states.
Revenue is generated primarily through transaction fees on loads hauled (18% for Virtual Carrier, 21-24% for Road to Independence), supplemented by Flex subscription fees, margin on Exchange brokerage, and interchange/financial services revenue from CT Fuel and CT Cash cards. The go-to-market combines product-led growth (mobile-first self-service driver onboarding, content marketing via blog and a four-show podcast network) with sales-led outreach to brokers and shippers (dedicated brokers@ and shippers@ inboxes, 24/7/365 account teams), and a newer channel partner program (Independent Agent Program launched in 2025). CloudTrucks has raised $141.6M total funding, with the most recent priced round being a $115M Series B in November 2021 led by Tiger Global and Menlo Ventures at an $850M post-money valuation, with participation from Flexport, Khosla Ventures, Caffeinated Capital, and Craft Ventures. Headcount is in the 101-250 range and the company continues active product development, with notable regulatory friction including a denied FMCSA exemption request citing safety concerns.
CloudTrucks firmographics
Firmographics- Name
- CloudTrucks
- Legal name
- Cloud Technologies, Inc.
- Website
- https://cloudtrucks.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- CloudTrucks is a virtual trucking carrier platform serving owner-operators and small fleets with load booking, non-recourse instant payments, insurance, compliance tools, and fuel discounts under its motor carrier authority, plus an Exchange 3PL connecting shippers to 35,000+ vetted carriers.
- Ownership category
- akta.pro rank
CloudTrucks industry classification
Industry- Product category
- Trucking Operations Software
- NAICS
- Freight Transportation Arrangement (48851), Freight Transportation Arrangement (4885), Specialized Freight Trucking (4842)
- SIC
- Trucking (No Local) (4213), Arrangement Of Transportation Of Freight & Cargo (4731)
- akta.pro primary industry
- Capacity Management & Load Optimization (Digital Brokerage) (TLAIANAG)
- akta.pro secondary industry
- Dry Van (General Freight) TL Carriers (TLADADAA)
Keywords
Where CloudTrucks is headquartered
LocationHeadquarters
- HQ city
- San Francisco
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
CloudTrucks business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Virtual Carrier Load Fees: CloudTrucks charges 18% per load for drivers operating under CloudTrucks' authority. This includes auto liability and cargo insurance, instant payments, load board access, business intelligence, fuel discounts, IFTA filing, and 24/7 support. The fee covers dispatch services, insurance coverage, and platform access.
- Road to Independence Load Fees: CloudTrucks charges 21% per load for the Road to Independence program, which includes everything in Virtual Carrier plus access to exclusive truck leasing partners (FleetFirst, HEC, SFI) and dedicated dispatcher support. Drivers who lease trucks through the program pay this higher rate for the added truck access and dispatch services.
- Flex Fleet Management Subscription: Fleet management software subscription at $30/month per user for fleets of 1-3 vehicles, and custom pricing for fleets of 4+ vehicles. Includes full fleet visibility, automated load management with LoadBot, equipment & document management, one-click dispatching, ELD tracking, driver mobile app, safety dashboard, and invoicing.
- Payment Processing (Stripe): CloudTrucks uses Stripe as its payment processor for transactions. The company benefits from payment processing economics through this third-party relationship.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Virtual Carrier - 18% per load with full service suite |
| Transaction based/ take rate | Pay-as-you-go | Road to Independence - 21% per load with truck leasing access |
| Subscription | Monthly | Flex Fleet Management - $30/month per user for small fleets |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels7 records
CloudTrucks product offering
Product offeringCore offering
CloudTrucks operates a virtual trucking carrier platform that enables independent owner-operators to lease onto its motor carrier authority and access load booking, non-recourse instant payments within 2 hours of delivery, auto liability and cargo insurance, IFTA filing, business intelligence, and 24/7 support. The company also operates CloudTrucks Exchange, a 3PL logistics platform connecting shippers to a network of 35,000+ carriers, and Flex, a fleet management subscription product for small fleets.
Product overview
CloudTrucks operates as a virtual trucking carrier platform combining software and services for independent truck drivers and shippers. The core platform consists of two driver-facing products — Virtual Carrier (18% per load) and Road to Independence (21–24% per load, a lease-to-own path) — which provide load booking, instant payments, dispatch, and compliance under CloudTrucks' motor carrier authority. Supporting add-on modules include CT Fuel (fuel card), CT Cash (instant payments), LoadBot (automated load management), Dispatch Assistant and Schedule Optimizer (AI-powered routing and load recommendations). The Flex product serves small fleet operators (1–3 vehicles) with business management tools. On the shipper side, CloudTrucks Exchange is a 3PL platform connecting shippers to 35,000+ carriers with API/EDI integrations, advanced visibility, and fraud prevention. An Independent Agent Program enables freight agents to partner with CloudTrucks. The company also offers a Freight Agent program.
Differentiator
Problem solved
Functional benefit
Products and services
- Virtual Carrier Virtual carrier solution enabling owner-operators to run under CloudTrucks' authority at 18% per load, with auto liability and cargo insurance, instant payments within 2 hours of delivery, access to the CloudTrucks load board with Instant Book and Auto-Bidding, Business Intelligence dashboard, exclusive fuel and maintenance discounts, IFTA filing, and 24/7 support.
- Road to Independence Lease-to-own truck program at 21% per load enabling company drivers to become owner-operators, including all Virtual Carrier features plus access to exclusive truck leasing partners (FleetFirst, HEC, SFI), dedicated dispatcher support, and a dedicated business consultant.
- Flex Fleet Management Business management software for small fleets (1-3 vehicles at $30/month per user; fleets of 4+ at custom pricing) featuring full fleet visibility, automated load management with LoadBot, equipment and document management, one-click dispatching, ELD location tracking, driver mobile app, safety and compliance dashboard, and invoicing.
- CloudTrucks Exchange Third-party logistics platform for shippers connecting to a network of 35,000+ carriers with real-time tracking, predictive insights, and API/EDI integrations, supporting FTL (dry van, reefer, flatbed), LTL, Drayage, Final Mile, and multi-modal shipping with dedicated account management.
- CT Fuel Card Visa-accepted fuel card issued by Cross River Bank offering up to 3% cash back and interest-free credit for fuel, parking, and tolls, with integrated expense tracking and IFTA filing support for owner-operators.
- CT Cash Card Digital wallet and payment card enabling drivers to track job payments, invoices, and business expenses from the CloudTrucks app, with instant payments within 2 hours of proof-of-delivery.
- Independent Agent Program Program enabling independent freight agents to partner with CloudTrucks, leveraging the platform to scale their freight operations with dedicated support.
Quantifiable outcome
- Drivers can earn up to $20,000 per month according to company blog content
- +2 more outcomes
Companies that use CloudTrucks
Customer profileNamed customers5 records
Segments6 records
Ideal customer profiles5 records
CloudTrucks technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
AI capability5 records
Feature10 records
CloudTrucks partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered flagship and core.
- FleetFirst Leasing LLCflagshipFleetFirst is an exclusive leasing partner for CloudTrucks' Road to Independence program. They offer high-quality used trucks with low weekly payments, enabling company drivers to become owner-operators through lease-to-own arrangements.
- HECcoreHEC is a leasing company partner in the Road to Independence program, providing truck leasing options alongside FleetFirst and SFI to help drivers find the right truck and terms for ownership.
- SFIcoreSFI is a leasing company partner in the Road to Independence program, offering additional truck leasing options for drivers transitioning to owner-operator status.
- StripecoreStripe provides payment processing, analytics, and business services for CloudTrucks. Stripe collects device information for fraud detection and operates payment infrastructure including the CT Cash Card and CT Credit Card issued through Celtic Bank.
- Cross River BankcoreCross River Bank, Member FDIC, issues the CT Fuel Visa card through a partnership with CloudTrucks. The card provides fuel, parking, and toll payments with up to 3% cash back and interest-free credit for truck drivers.
- Celtic BankcoreCeltic Bank issues the CT Cash Card and CT Credit Card through the Stripe Program. Cardholders must agree to Celtic Bank Authorized User Terms and Privacy Policy.
- DATcoreCloudTrucks integrates with DAT load data to provide drivers access to 300K+ loads from brokers, shippers, and DAT aggregators. This integration enhances the load board's breadth and competitiveness.
- API/EDI/TMS PartnerscoreCloudTrucks integrates with brokers through API, RPA, and TMS systems, providing automation capabilities that ease partnership management and enable seamless load posting and tracking.
Scale indicators12 records
Recent moves7 records
Expansion highlights6 records
CloudTrucks competitors and assessment
Company assessmentBroad incumbents
- Flexport: Global digital freight forwarder offering ocean, air, and trucking services with proprietary technology. Strategic competitor and investor in CloudTrucks (participated in Series B); a much larger incumbent in international freight with growing US domestic brokerage.
- Schneider National: Large asset-based trucking and logistics carrier with a digital brokerage platform (Schneider Digital). Competes with CloudTrucks in truckload capacity marketplaces and uses similar broker-carrier APIs/TMS integrations.
- J.B. Hunt Transport Services: Major asset-based trucking and intermodal carrier operating J.B. Hunt 360, a digital freight marketplace. Comparable in serving shippers across modes but anchored by owned truckload and intermodal capacity rather than the variable tech-only model.
Emerging players
- AtoB: Provides fuel card and payment products tailored to truckers and trucking fleets, including a Visa-accepted card with cashback. Closely comparable to CloudTrucks' CT Fuel and CT Cash products on the embedded-fintech side for truckers.
- Motive (KeepTruckin): Provides ELDs, fleet management, and driver-facing apps to trucking operators and owner-operators. Competes with CloudTrucks in the ELD/fleet-visibility layer (CloudTrucks Flex and LoadBot) and overlaps in owner-operator workflow tools.
Others
- DAT Freight & Analytics: Operates the largest US load board for truckload freight and a freight analytics platform. CloudTrucks integrates with DAT to access 300K+ loads, and DAT is both a complementary data source and indirect competitor in matching freight to carriers.
Direct peers
- Transfix: Digital freight brokerage offering FTL, LTL, and intermodal services with a technology-forward platform. Direct peer to CloudTrucks Exchange, particularly in serving enterprise shippers with API/EDI integrations.
- Convoy: Was the largest digital freight brokerage in North America, matching shippers with truckload carriers through an app-based platform. Convoy shut down in October 2023 but was CloudTrucks' closest analog in serving both owner-operators and shippers via a digital marketplace.
- Uber Freight: Digital freight brokerage arm of Uber that matches shippers with carriers across FTL, LTL, and intermodal. Direct competitor to CloudTrucks Exchange with a much larger capital base (parent Uber) and broader geographic reach.
- Loadsmart: Digital freight brokerage combining AI-driven pricing and matching with truckload, intermodal, and drayage services. Closely comparable to CloudTrucks Exchange as a tech-enabled 3PL marketplace serving shippers.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
CloudTrucks social profiles
Digital presenceCloudTrucks financial estimates
Financial estimateRevenue estimate
Valuation estimate
CloudTrucks leadership team
Management profileNumber of profiles
Profiles4 records
CloudTrucks subsidiaries and ownership
Company hierarchySubsidiaries1 record
CloudTrucks funding detail
Funding detailFunding overview
Funding rounds3 records
Investors12 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CloudTrucks M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about CloudTrucks
What does CloudTrucks do?
CloudTrucks operates a virtual trucking carrier platform that enables independent owner-operators to lease onto its motor carrier authority and access load booking, non-recourse instant payments within 2 hours of delivery, auto liability and cargo insurance, IFTA filing, business intelligence, and 24/7 support. The company also operates CloudTrucks Exchange, a 3PL logistics platform connecting shippers to a network of 35,000+ carriers, and Flex, a fleet management subscription product for small fleets.
Is CloudTrucks a public or private company?
CloudTrucks is a private company. It is classified as venture growth investor backed and is currently operating.
When was CloudTrucks founded?
CloudTrucks was founded in 2020. It employs 101 to 250 people.
Where is CloudTrucks based?
CloudTrucks is headquartered in San Francisco, United States, in the North America region.
How does CloudTrucks make money?
Four revenue lines are on record. Virtual Carrier Load Fees are the primary driver. The others are road to Independence Load Fees, flex Fleet Management Subscription and payment Processing (Stripe).
Who are CloudTrucks's main competitors?
Broad incumbents on record are Flexport, Schneider National and J.B. Hunt Transport Services. Emerging players are AtoB and Motive (KeepTruckin). DAT Freight & Analytics is listed as an others. Direct peers are Transfix, Convoy, Uber Freight and Loadsmart.
Does CloudTrucks have an API?
Yes. CloudTrucks offers an API for integration with brokers through API, RPA and TMS connections. The Exchange platform also supports API/EDI integrations for shipment planning, performance tracking, and financial processes automation.
What industry is CloudTrucks in?
CloudTrucks's product category is Trucking Operations Software. Its primary akta.pro industry code is TLAIANAG, Capacity Management & Load Optimization (Digital Brokerage), with a secondary code of TLADADAA, Dry Van (General Freight) TL Carriers. Its NAICS code is 48851 and its SIC code is 4213.