Oway Raises $4M To Build Decentralized Uber For Freight

Oway Raises $4M To Build Decentralized Uber For Freight

The Rise Of Uber For Freight The trucking industry faces a major challenge—thousands of semi-trucks drive across highways half-empty. This inefficiency costs businesses billions and creates a massive opportunity for innovation. That’s where the concept of uber for freight comes in. By connecting shippers with unused truck capacity, startups are transforming logistics into a smarter, more cost-efficient system. One such company, Oway, has recently secured $4 million to scale a decentralized model that could reshape the future of freight transportation in the U.S. Image Credits:Oway Oway’s Vision For A Smarter Freight Network Unlike traditional freight solutions that only partially address inefficiency, Oway is taking a focused approach by targeting long-haul routes where waste is highest. The company’s model mirrors the ride-sharing economy, where cargo can “ride along” in underutilized trucks heading in the same direction. This decentralized uber for freight system not only helps busine…