Turning America’s supply chain inefficiency into infrastructure.
America is operating at half of its potential industrial supply chain efficiency, with 50% of all the truck space being left empty due to foundational issues with how the logistics industry historically works. This issue directly makes everything made and sold in America more expensive and less competitive against global competitors.
Oway is building a new vertical in the industrial supply chain by indexing live unused truck space and make it usable via API - a transparent infrastructure layer that simply by existing boosts the productivity and market caps of the businesses that plug into it. For the broad economy, this means freight costs that are up to 50% lower than what was previously possible, touchpoints are reduced, damage rates are significantly lowered, and inventory float is minimized via new JIT capabilities. For carriers, Oway’s integration can increase annual revenues by up to 30% with minimal impact to their existing business. They simply earn more by monetizing space that would have gone unused.
Our mission is to transform empty truck space into an asset that strengthens U.S. competitiveness. By lowering the cost of goods sold, we help businesses grow. By improving carrier margins, we make trucking more sustainable. And creating a live index of the supply chain, we are laying the foundation for a resilient, transparent industrial layer that can support America’s reindustrialization in the decades ahead.
Active Founders
Company Launches
Oway: The First AI Infrastructure Layer for America’s Empty Truck Space
See original launch postTL;DR - Oway is an AI-driven marketplace that makes freight shipping extremely cost-efficient for businesses by automatically “ridesharing” shipments using unused truck space going along the same route.
We’re pioneering a new protocol to rideshare pallets across both short and long distances, cutting out warehousing transfers along the way. This method of shipping is already popular (and done manually) in China but is missing in Western markets. To fix this, Oway uses AI to make adoption and usage seamless in the US.
For example: You can now overnight ship up to 2000+ lbs of goods on a pallet across hundreds of miles for as low as $60 (instead of $220 market rate).
Problem
- Every year, almost half of all truck space goes unused in the $1 trillion US trucking industry.
- Businesses are forced to compete against global competitors using an inefficient freight market for pallet shipping - resulting in an overall less competitive domestic market. This cascades into a high-friction environment for businesses to scale when their products are artificially expensive due to inefficiencies in the freight industry. To help with reindustrialization, problems such as these are essential to solve.
Solution 🚚
- We created an AI-driven rideshare protocol that allows you to ship up to 12 pallets for up to 50% cheaper than anything in the US.
- When you place an order, Oway’s AI automatically matches and adds quick detours to carriers who are going to the same final destination as you. This method also skips warehouse transfers (which reduces damage). Paperwork and communication is fully automated, and we also use AI + LLMs to help with it.
- Oway is designed to be simple (you can place an order in 15 seconds) and scale with your business. It can also be integrated via API.
- It’s great for carriers. By doing 3 extra Oway deliveries per week, drivers can earn an additional $30K in extra income per year (avg. US trucker makes $65K in take-home income). We also believe that one day carriers will be able to rely on Oway for their entire workload, earning more than they could ever via contracted work.
- It’s also great for the environment. 🍃
Jobs at Oway
San Francisco, CA, US / Los Angeles, CA, US / Remote (US)
$115K - $150K
3+ years
San Francisco, CA, US / Remote (San Francisco, CA, US)
$160K - $250K
0.20% - 0.60%
3+ years
San Francisco, CA, US / Remote (San Francisco, CA, US)
$150K - $220K
0.20% - 0.60%
3+ years
Founded:2023
Batch:Summer 2024
Team Size:16
Status:Active
Location:San Francisco
Primary Partner:Jared Friedman
