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May 28 2018

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May 28 2018 | The Journal of Commerce 71 JOC Top Importers and Exporters In Florida, we've invested billions of dollars to increase efficiencies in our multi-modal freight delivery network of seaports, airports, highways and rail lines. We can reliably handle your cargo volume with diversified options, less congestion and more connectivity to the Southeast and markets around the world, resulting in greater performance for your business. When you think business success, think Florida first. Port Canaveral | Port Everglades | Port of Fernandina | Port of Fort Pierce | JAXPORT Port of Key West | Port Manatee | PortMiami | Port of Palm Beach | Port Panama City Port of Pensacola | Port of Port St. Joe | Port St. Pete | Port Tampa Bay 502 East Jefferson Street | Tallahassee, Florida 32301 | Uber Freight, Convoy, and Trucker Path, among others. NEXT, which got its start in 2015, was founded by Yan and co-founder Elton Chung to solve truck capacity problems for iDC Logistics, their logistics company, founded in 2004. Los Angeles-based iDC specializes in international freight, o„ ering drayage, warehous- ing, transloading, and transportation services. iDC handled $25 billion worth of cargo in 2017. "The old ways of shipping freight aren't working," Chung said at the time. "It's no wonder there aren't enough truckers to do the job." Three years later, truckers are still hard to fi nd, in part because there is so much more freight to haul. NEXT was designed as a "trucker-cen- tric" platform in order to attract owner-operators and small carriers seeking freight, Yan said. "We established the company with very little capital," she said. "In our second year we did $30 million in revenue. We're looking for extra revenue this year." NEXT lets truck- ers choose the loads, routes, and rates they want based on preferenc- es they enter into the system, Yan said. NEXT handles payment. "We want to empower small and medi- um-sized companies," she said. Shippers, including large retailers importing goods from Asia, get bet- ter visibility from pickup to delivery and, just as important, save time. "Shippers can see their loads in real time and retrieve proof of delivery documents the moment loads are delivered," Yan said. Enterprise ship- pers can import shipment and deliv- ery data directly into their transpor- tation management systems. The agreement with MOL Group extends NEXT's reach in the international supply chain. MOL Consolidation Services will help carrier and freight forwarder, MOL Logistics and MOL Consolidation Services see opportunity to smooth the inland leg of a container journey using NEXT's digital platform. "We're facing the same di¡ cul- ties as other shipping companies," Baumgardner said. "Trucking short- ages, chassis issues, infrastructure problems — and they're going to continue to get di¡ cult with larger volumes and mega-vessels coming in, and customers requiring much tighter supply chains." The over-the- road capacity crunch "is going to put pressure on all networks," he said. MOL Group's logistics and forwarding arm is unique to date in addressing the inland truck capacity issue through a partnership with a digital technology platform provid- ing trucking services. NEXT Truck- ing is one of several such technology platforms or digital trucking market- places evolving quickly, including

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