CloudTrucks, a tech-driven trucking company based in the US, announced that it has raised $115 million in a Series B funding round led by Tiger Global to facilitate intelligence-based trucking services. Other participants in the round include Menlo Ventures, Flexport and angel investors Michael Ovitz and Opendoor CEO Eric Wu.

Founded 2019 by Tobenna Arodiogbu, George Ezenna and Jin Shieh, the company has witnessed record-setting growth for a two-year old startup. CloudTrucks raised $20.5 million in a Series A funding round last year, bringing the total capital raised to $141.6 million.

CloudTrucks uses technology to streamline administrative bottlenecks—making it easier for drivers to run their business and produce more revenue, especially in the United States, one of the largest trucking markets in the world.

In the U.S., trucking is responsible for most of the overland freight movement, with the market being worth 791.7 billion U.S. dollars in 2019. At that time, there were over 947,000 truck drivers employed in the U.S., which is less than the industry requires. Currently, the market is grappling with driver-shortage amidst government’s struggle to accelerate both domestic and international supply chain.

CloudTrucks says the new funding will enable it to expand existing services, create new ones and help small trucking businesses and entrepreneurs streamline administrative bottlenecks and keep more revenue. Areas of priority includes expanding its technology to meet the needs of more drivers, grow its existing team, and broaden its digital integration with brokers and shippers.

CEO Tobenna Arodiogbu, says the idea is to change the status quo in the trucking industry with modern techniques that will benefit owner-opeartors. He says the trucking industry has been rapidly changing and getting much more complex, while the owner-operators, the lifeblood of the trucking industry, were being left behind. So the company wanted to change this by building something from the ground up to ensure that owner-operators — and really all trucking entrepreneurs — have the tools to succeed and thrive in the industry.

“Nearly every sector of the economy relies on drivers to transport its goods and we are eager to use this latest round of funding to continue optimizing the trucking business—especially as our country needs new truck drivers more than ever,” he says. “We’ve seen the number of loads completed on our platform grow 8x since last year, and we recognize the importance of providing a complete business-in-a-box solution for drivers to make the most of every run.”

CloudTrucks’ determination to solve the challenges in the trucking industry is seen in the number of new products it has launched recently. Over the past year, CloudTrucks has launched these three new products: CT Cash, Flex, and Business Intelligence. CT Cash is designed for drivers who are looking to get paid faster and alleviate cash-flow constraints, providing instant pay and cash card options in addition to receiving cash advances.

Similar to Virtual Carrier, CloudTrucks’ existing product for independent owner-operators, the new Flex product line is designed exclusively for small trucking businesses and those drivers who are not looking to drive under CloudTrucks’ authority. In addition, CloudTrucks’ Business Intelligence dashboard provides a comprehensive breakdown of a driver’s performance, personal expenses and revenue for drivers to better determine how they can yield the most profit.

“CloudTrucks has always seen the trucking industry as the backbone of America and has made it its mission to create world-class tools and services that empower truck drivers to make a greater profit with fewer headaches,” said John Curtius, Partner, Tiger Global Management. “We’re excited to see the company continue to transform some of the industry’s broken practices like antiquated payment services and processes.”

Turning to academic services every now and then is common among students. They all have their reasons for doing that. Some are bombarded with tasks and can’t handle them all individually. Some others have to work to make their ends meet, attend extracurricular activities, play for a college team, and many more. It is, therefore, no wonder that such writing agencies have been thriving ever since this century.

But with such a huge demand has come a great supply of academic companies. That is, you can find multiple agencies offering to write your paper quickly and affordably. Differences in prices are astonishing. While some services charge dozens and even more dollars per academic page, others ask as little as under ten bucks for the same task.

That might make you think about whether or not to go with a cheaper company and save some pocket money. We have put together the list of merits and demerits of a cheap writing help service. Although it is for you to decide which agency to use, we hope the following information will help you weigh your options up and make the right choice.

Table of Contents

Convenience

Speed

Helpfulness

Creativity

Security

Responsiveness

Cons

Low-quality

Long turnaround time

Inadequate approach

Key Takeaways

Convenience

Perhaps, the most significant upside of cheap writing services is that they are inexpensive. Being able to spare some bucks and get a paper, you can’t think of anything much more important than that.

Indeed, the financial aspect is crucial. And we often lean toward things that match the price-quality ratio. Many may think that what’s cheap can’t be good. Not necessarily. Cheap essay services prove otherwise. For a reasonable price, you get an excellent, plagiarism-free paper that can help you with one fundamental thing – research.

Carrying out research can be long-standing, tiresome, and, above all, tedious. It is hard to imagine you devoting hours to research and finding information to write a single essay when being assigned two to three of them weekly. Here is when cheap writing services come into play. For an acceptable price, experts can do adequate research, locating authoritative and relevant sources. This sole fact can help you learn how to research and include sources in the essay correctly.

Speed

As pointed out previously, many students often lack time to handle their assignments on their own. And although they have to reach out to writing companies, they expect them to do their job at the drop of a hat.

Fortunately, cheap essay services are capable of delivering essays quickly. Of course, many hinges on your budget. If you are short on time but need to write an essay in hours, be ready to double the price. Still, with inexpensive companies, using urgent options won’t break your bank.

Helpfulness

Sometimes, you may be at a crossroads. On the one hand, you aspire to deal with the task yourself, as you have attended classes and taken comprehensive notes. But on the other hand, you have no idea how to meet the structure, write a strong thesis, support your argument, and many more. What do you do? Well, placing an order with a cheap essay service is the simplest way to achieve your goal. It allows you to get a model paper with the correct structure, properly inserted sources, and coherent ideas.

Creativity

You may not know this caveat, but you have undoubtedly experienced it within your studies. Named writer’s block, it is a phenomenon that hampers a person’s creativity and slows down the entire writing process, often resulting in a task’s past due submission.

You can’t do much when drawing a blank. The best way to fight it is to get professional help. Papers produced by competent people will let you come up with exclusive ideas for your essay, making the entire writing session productive and efficient.

Security

Since writing companies are viral these days, they all do their best to attract customers and retain them at all costs. One of the best ways to succeed in that is through the list of guarantees. And security is arguably at the top of such a list. You don’t need to worry about your data being sold, traded, hacked, or leaked using verified educational agencies. Trusted companies take utmost care of their customers, keeping personal information about them under lock and key.

Responsiveness

Other than guaranteeing complete confidentiality, it is also critical to remain on the line 24/7. Good essay services are entirely aware of that and provide round-the-clock support. You can get any information at any time, regardless of what you are interested in knowing.

Cons

No one is perfect; we humans have our flaws. And so do cheap essay services. Indubitably, every service should be evaluated independently to determine what it lacks. Notwithstanding, we can highlight some potential blemishes of cheap services. They are as follows.

Low-quality

If the price is too good to be true, the odds are something will be wrong with the written essay. And nine times out of ten, it will be of low quality. For example, the paper could be written in haste, missing the structure, sources, etc.

Long turnaround time

Often, services don’t pay enough attention to their support team, overloading one person with dozens of tasks. And needless to say that this individual wouldn’t be able to please everyone at once. So, whatever question you might ask when reaching out to the company’s representative, you will get a delayed response, if any at all.

Inadequate approach

Operating a writing company is an arduous task that requires numerous things to consider. Among them is using effective and credible software, which is often costly. Many cheap companies avoid using paid plagiarism and spell checker software, which may cause issues with uniqueness and overall quality.

Key Takeaways

Using cheap writing services yields benefits. For a small price, you can get a good-looking paper with thought-provoking ideas. Such a model essay can serve you as an excellent helper when working on the piece. However, just like with any other company, it has its shortcomings. Some companies may fail to provide impeccable papers or make you wait long to get a reply.

It is up to you and your budget which service to use. Just make sure to do your research and analyze the company before placing an order.