Layoff
Jun 2023CloudTrucks announced layoffs citing a difficult freight market; FreightWaves reported a source estimate that approximately 40% of staff were affected, while the company did not disclose the exact number.
SourceCompany research
Public company, workplace, funding, and market signals
Updated Aug 2, 2026
Overview
CloudTrucks is a privately held San Francisco transportation-technology company founded in 2019. It operates as a virtual trucking carrier and builds software and financial/operational services that help independent owner-operators and small fleets run more profitable businesses, while also serving shippers and brokers.
Primary product
An all-in-one trucking business platform centered on Virtual Carrier: eligible owner-operators lease onto CloudTrucks’ authority and receive load access, dispatch and business-management tools, operational support, insurance options, instant payments, fuel/credit products, and related services. Other offerings include Flex (TMS), CT Exchange (brokerage/load network), CT Credit, CT Fuel, and Road to Independence.
Founded
2019
Headquarters
San Francisco, California, United States; 81 Langton Street, San Francisco, CA 94103
Team size
80–90 (third-party estimates; LinkedIn-derived estimate reported approximately 85)
Work style
Hybrid
Industry
Transportation, Logistics, Supply Chain and Storage
Sub-industry
Freight technology / virtual trucking carrier / trucking fintech and logistics software
Offices
81 Langton Street, San Francisco, CA 94103
Business model
Virtual-carrier lease-on model for owner-operators
Funding
People & investors
Leadership
Co-founder and Chief Executive Officer
Co-founder and Chief Technology Officer
Co-founder
Work & culture
The company emphasizes putting drivers first, bias toward action, innovation, curiosity, teamwork, autonomy, ownership, fast execution, resilience, and measurable customer impact. Engineering materials describe a hybrid model with four San Francisco office days and Friday remote for the cited role.
Work style
Hybrid
Compensation
Public job postings show a software-engineering compensation signal of approximately $155,000–$225,000 for a San Francisco hybrid role, plus equity and benefits. Role-specific ranges should not be generalized to the whole company.
Benefits
Flexible vacation and sick leave
Traditional and Roth 401(k) plans
Health, dental, and vision insurance
Employer-paid premiums for employees and 60% premium coverage for dependents
Product & market
Pricing
Public materials describe a lease-on fee for Virtual Carrier, with insurance included; other products appear to use product- or service-specific pricing. A complete public price card was not established.
Differentiators
- —Virtual carrier plus software rather than a conventional owned fleet
- —Integrated load access, operations, payments, insurance, fuel, credit, and business-management tools
- —Driver-first focus on owner-operators and small carriers
- —CT Exchange brokerage network intended to improve load consistency
- —Market Insights Heatmap and data-driven dispatch/load optimization
- —Road to Independence partnerships designed to help drivers become truck owners
Technology
Python
Django
Scale & contact
Estimated revenue
$1M–$10M (third-party estimate; another directory reports approximately $2.5M, so this is not company-reported revenue)
Signals & risks
Other
Dec 2023The company exited its independent factoring business and transitioned customers to RTS Financial to concentrate on Virtual Carrier and Flex. The CEO said no additional funding was then being sought and described the company as well capitalized.
SourceLatest news
Business Wire · Sep 2025
CloudTrucks added FleetFirst Leasing to its Road to Independence ecosystem, creating a lease-to-own path for company drivers seeking truck ownership.
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
The Shipwell brokerage acquisition supported CT Exchange and was intended to provide drivers with more consistent loads; the article also described Virtual Carrier, Flex, and CT Credit.
CloudTrucks · Feb 2024
CloudTrucks formally announced CT Exchange, integrating the acquired brokerage operation with its Virtual Carrier service for drivers and shippers.