CloudTrucks Flex, Virtual Carrier & Cash

Announcing the launch of two new products designed to serve trucking entrepreneurs who want to keep their own authority: Flex and CT Cash. Over the past year and a half, we have been laser-focused on building one simple app to help the owner-operator truly succeed. Today, we're excited to announce that truck drivers have generated over $13.5M to date on the CloudTrucks platform (up from $1.8M in December). Now, we're taking it a step further and announcing the launch of two new products designed to serve trucking entrepreneurs who want to keep their own authority: Flex and CT Cash. Flex Flex is designed to give owner-operators with their own authority a low-cost option to optimize their business. With Flex, owner-operators have access to our most popular products and services - from the Schedule Optimizer and aggregated loadboard to instant pay on load completion - while remaining under their own authority. This has been one of the biggest requests from small trucking carriers around the country and we have been working tirelessly over the last few months to make this a reality. We're happy to finally provide this option to trucking entrepreneurs with their own authority. CT Cash CT Cash is a first-of-its-kind instant pay solution that allows truck drivers to get paid faster, save more money, and track spending in real-time. Today, we are launching CT Cash as a standalone product for any truck driver who wants better business insights, instant access to their cash-flow, and doesn't want to deal with 30-day payment terms from brokers or predatory factoring agreements. With CT Cash, we're on a mission to transform how drivers get paid. Business Intelligence In addition to the launch of our two new product lines, we are excited to announce Business Intelligence. We understand that business owners cannot improve what they cannot track, so our data science team set out to build a product from the ground up that would give owner-operators actionable insight into the health of their business. Our goal was to create a solution that would help trucking entrepreneurs understand how their business is performing at a quick glance. With Business Intelligence, owner-operators can track their revenue and costs in real time and better understand the profitability - and predictability - of their business. These new product launches represent the biggest step we've taken since launching our first product in May of 2020. Now CloudTrucks customers have three options - Virtual Carrier, Flex and CT Cash - to pick from in order to solve their unique business challenges. Thanks to the amazing efforts of the engineering, product, data science and design teams who have worked so hard over the past few months to make this a reality!

Today CloudTrucks launches two new products, Flex and CT Cash, along with a major update to our core product with Business Intelligence. Now drivers with their own authority can partner with CloudTrucks to leverage cutting-edge technology and world-class back-office support to grow their businesses. We're on a mission to empower the drivers that keep our country moving and we're just getting started!

Congrats to the entire CloudTrucks team on launching these new products!