Layoff
May 2023CloudTrucks cut staff in May 2023, citing a tough freight market; external reporting estimated roughly 40% of the team was laid off.
SourceCompany research
Public company, workplace, funding, and market signals
Updated Jul 29, 2026
Overview
CloudTrucks is a San Francisco-based, venture-backed virtual trucking carrier and logistics platform for independent truckers, owner-operators, small fleets, brokers, and shippers. It combines load booking, compliance/IFTA, cash-flow tools, dispatch, and brokerage services into an all-in-one operating platform for trucking businesses.
Primary product
An all-in-one virtual carrier platform for owner-operators and small fleets, including load booking, cash-flow management, compliance/IFTA, dispatch, and brokerage tools.
Founded
2019
Headquarters
San Francisco, California, United States
Team size
80-90 employees
Work style
Hybrid
Industry
Transportation, Logistics, Supply Chain and Storage
Sub-industry
Logistics software / freight tech
Offices
San Francisco, California, United States
Distributed workforce across the United States, Colombia, Mexico, and the Philippines
Business model
virtual carrier
Funding
People & investors
Work & culture
Mission-driven and driver-first, with an emphasis on autonomy, ownership, speed, innovation, curiosity, teamwork, and above-and-beyond customer service.
Work style
Hybrid
Compensation
Public signals point to competitive compensation and equity. Official careers pages emphasize competitive equity and strong benefits, while third-party job boards surface hybrid engineering roles with roughly $155k-$225k total compensation bands and sales/brokerage roles with meaningful variable pay, but company-controlled salary bands are not broadly public.
Benefits
Flexible time off
Traditional 401(k)
Roth 401(k)
Health insurance
Dental insurance
Product & market
Pricing
Fee-based / take-rate model. CloudTrucks' Virtual Carrier pricing is publicly described as a percentage fee on loads, with optional dispatch fees; the site also shows an 18%/21% fee structure depending on page context.
Differentiators
- —Virtual carrier model that leases drivers onto CloudTrucks' authority
- —All-in-one platform for loads, compliance, cash flow, and business operations
- —Instant payments / CT Cash
- —Revenue-optimizing load and schedule recommendations
- —Access to a vetted carrier network for brokers and shippers
- —IFTA and compliance support
- —AI/ML-driven automation in engineering and operations
- —Optional dispatch services and integrated back-office support
Technology
Python
Scale & contact
Estimated revenue
about $1M-$10M annual revenue
Estimated monthly visits
24.2K
Traffic estimate as of Jun 2026
Signals & risks
Other
Dec 2023CloudTrucks exited the factoring business and moved existing customers to RTS Financial to focus on Virtual Carrier and Flex.
SourceLatest news
CloudTrucks blog · Mar 2025
CloudTrucks promoted its broker-facing offering, emphasizing instant load matching, tracking and visibility, TMS integration, and access to a network of 600+ vetted owner-operators.
FreightWaves · Feb 2024
Reported CloudTrucks' acquisition of Shipwell's brokerage arm and the launch of CT Exchange to provide more consistent loads and revenue streams for drivers.
FreightWaves · Dec 2023
CloudTrucks said it was exiting stand-alone factoring and transitioning customers to RTS Financial while doubling down on Virtual Carrier and Flex.
FreightWaves · Jun 2023
FreightWaves reported layoffs at CloudTrucks in May 2023; the company cited market conditions, and external sources estimated roughly 40% of staff were cut.