Hello LaneAxis Shareholders and Supporters,

Following up on last week’s update regarding LaneAxis' launch of the industry-first carrier "Performance Assessment Score" – you likely know the LaneAxis Team is extremely busy right now on multiple fronts. Rick just returned from Washington D.C. where he held a closed-door meeting with about a dozen high-level officials from FEMA (Federal Emergency Management Agency) and DLA (Defense Logistics Agency). The presentation went very well. Of course that comes with the caveat that nothing is guaranteed and government agencies move slowly – but we are moving in the right direction.

While we work on the multitude of initiatives and system upgrades, we thought it would be a good time to remind everyone of why we’re doing this: the freight transportation system is beyond broken and hardworking U.S. truckers are getting the rawest of raw deals thanks largely to freight brokers.

97% of the industry is small and independent, with most carriers owning just a handful of trucks and in many cases just a single truck. They should have outsized power, but they don’t. LaneAxis is focused on giving power back to truckers by connecting the independents directly to the shippers they’re already moving loads for – except in the current model they’re obtaining these loads via freight brokers and/or mega trucking companies who charge outrageous fees to hand these shipments off to the “little guys.”

Let’s put this in perspective: in just about every other industry if 97% of its participants demanded change – change would happen. So why isn’t it happening in trucking? Because the broker monopoly is doing everything in its power to maintain the status quo and keep pocketing up to 70% COMMISSIONS (unregulated) that should be going to truckers. The clear answer is a Shipper-direct network that cuts these brokers out of the equation.

As investors, your support is contributing to the inevitable and overdue direct network that LaneAxis has created utilizing patented software, blockchain tech, artificial intelligence, and automation.

Below we’ve put together a sampling of trucker comments pulled from just a handful of our social media posts, as well as three videos describing some true broker horror stories. It’s always best to see and hear things first hand. We encourage you to read all the comments and watch all three videos. It’s an eye-opening reminder of the importance of our mission to transform trucking.

SOCIAL MEDIA COMMENTS

VIDEOS

This, of course, is a TINY sampling illustrating the trucker furor over brokers. Every single day we talk to carriers with similar stories. 

THIS is why we’re doing what we’re doing – transforming freight transportation not just for a better and more efficient supply chain – but to benefit the million+ independent drivers out there who keep all our shelves stocked. It’s important to remember, if all independent truck drivers decided to stop hauling freight (which many are doing), store shelves across the country would be empty in less than a week. This affects us all.

For those of you who have invested with us, we thank you. You are contributing to the betterment of not just an industry – but the entire country. Trucking is the true backbone of the American economy.

Thank you for all your support.

Best,

-Team LaneAxis

Hello LaneAxis Shareholders and Supporters,

For some time we've been sharing news of our collaboration with GTFO It's Vegan to run all of the company's loads (and their 1,000+ vendor loads) through the LaneAxis Network. We've also described our partnership with GTFO to create a national network of independent warehouses, with a focus on cold storage warehousing.

Today we announced in a press release that we have officially sealed our partnership with GTFO to create a national cold storage network.

Companies who regularly move temperature-sensitive products, such as the Food & Beverage industry and the Medication/Pharmaceutical industry, can now book cold storage warehouse space directly from the LaneAxis platform. Companies will also be able to book Ambient (room-temperature) warehouse space.

Why it Matters

The launch of our cold storage network means both domestic and international companies can now book refrigerated trucks ("reefers") by contracting directly with the carrier, then book warehouse space - all within the LaneAxis platform. And as with all loads run through the LaneAxis Network, the shipper/manufacturer will have real-time visibility of all truck movements, geofence notifications when the truck reaches the warehouse, and all documents and milestones stored securely on the LaneAxis blockchain. This brings us closer to cementing our status as the most complete, convenient, and secure supply chain management platform in the world.

You can read the full press release here.

Webinar Reminder

A final reminder about our upcoming Live Webinar featuring LaneAxis Founder & CEO Rick Burnett. Today is your last chance to register for the event. The webinar will take place tomorrow,  December 15, at 11am PST/2pm EST. This will be an enlightening presentation, followed by a Q&A session where you can ask Rick questions directly. Rick will discuss the status of the company, a deeper dive into how the platform works, and his take on the "competition." 

Click here or on the image below to register now.

For those of you who are unable to join the webinar live, not to worry. As long as you are registered for the event, you will have access to a recording of the webinar after its conclusion. 

As always, we thank you for your continued support #LaneAxisNation.

Best,

-Team LaneAxis

Hello LaneAxis Shareholders and Supporters,

LaneAxis CEO & Founder Rick Burnett appeared live on FreightWaves TV this morning. Rick shared his expertise on the current state of the supply chain, the need for a shipper-to-carrier direct freight network, and how Web3 technologies such as blockchain, Artificial Intelligence (AI), and Non-fungible Tokens (NFTs) can benefit the entire supply chain industry.

Click below to watch the entire segment.

Freightwaves and FreightWavesTV combine to form one of the most respected and visited platforms by the supply chain community. More than one million professionals and 500+ global enterprises use FreightWaves intelligence to make informed decisions about their supply chain operations. FreightWaves boasts 30,000 viewers per day on its streaming TV platform, and nearly 100,000 podcast downloads per month.

As always, we thank you for your continued support #LaneAxisNation.

Best,

-Team LaneAxis

Hello LaneAxis Shareholders & Supporters,

As 2022 winds down, LaneAxis is gearing up for the new year with some exciting announcements. Let’s get to it…

Going Global – LaneAxis Partners with Major Company to Streamline International Shipments

LaneAxis is pleased to announce a partnership with a major supply chain-focused Silicon Valley company specializing in next-generation Graph AI modeling and a proprietary enterprise level track-and-trace dashboard for multi-million and billion dollar companies. By integrating with LaneAxis, this joint venture will provide customers the most accurate data possible, as well as real-time end-to-end visibility and chain of custody back to its origin – regardless of what country a shipment originates from. For competitive and contractual reasons we are not releasing specific company names at this time.

Our partner’s proprietary system yields contextual data that is far more effective than traditional AI/Machine Learning as it relates to generating predictive analytics across the supply chain. They focus largely on high value cargo container movements across oceans and into U.S. ports, most notably shipments originating from Hong Kong, Singapore, China, Vietnam, and London. They also specialize in expediting Customs procedures and approvals.

Their missing piece? A lack of visibility for its clients - including shippers and freight forwarders - once the shipment leaves the U.S. port dock.

What this means for LaneAxis

This partnership will essentially bring to fruition LaneAxis’ promise of a true global end-to-end supply chain visibility and management platform. An estimated 1 million containers arrive at U.S. ports every month. It generally takes 20 days or more for an overseas shipment to reach port. Once a shipment is unloaded, shippers and/or freight forwarders are tasked with procuring and tracking the next series of movements required for the container to reach its final destination. This is the missing piece LaneAxis will fill. Much like the independent trucking sector, most freight forwarders lack the technology and know-how to track and manage domestic freight movements in real-time.

By tapping into the LaneAxis Network, carriers can book cargo container pickups at the arriving ports weeks in advance. The network can then track onloading and offloading of containers traveling by truck or rail. For shipments traveling by rail, a LaneAxis Network Carrier will be waiting for the load at the arriving railyard, then transport the shipment to a distribution center, LaneAxis Network Warehouse, or directly to its final destination. Critically, all shipment touchpoints – from the initial loading at the overseas dock to the final delivery in the U.S. – will be timestamped and stored on LaneAxis’ private blockchain. This is the true meaning of global end-to-end supply chain visibility, providing all parties with an immutable chain-of-custody.

Our partner company is engaging more than 1,500 freight forwarders and will compel them to integrate the LaneAxis system into their internal processes.

Among its many benefits, this collaboration will provide the most accurate ETAs for shipments traveling thousands of miles over the course of weeks. It will also help prevent container theft and tampering, and eventually lead to the optimization of other key supply chain challenges such as reverse logistics. 

This is a big step forward for LaneAxis. Stay tuned for more details soon.

Warehouse Partnership with GTFO Finalized

Another important partnership with a “major player” in the food and beverage sector has now been finalized. LaneAxis and GTFO It’s Vegan have signed off on its collaborative partnership agreement. GTFO It’s Vegan is the largest online retailer, wholesaler and distributor of vegan and plant-based foods in the U.S. and Canada.

Together, the two industry leaders are creating a virtual, national network of independent carriers and independent cold-storage warehouses, allowing for enhanced visibility for contracting, negotiating, direct payment and tracking for perishable product deliveries.

As part of the LaneAxis and GTFO It’s Vegan partnership, GTFO will immediately promote the virtual cold storage solution to its 1,000+ domestic and international vendors.

 Payment/subscription options for booking trucking capacity and warehouse space

According to GTFO It’s Vegan CEO Marc Pierce, “We can offer our vendor partners a simple, affordable, and frictionless end-to-end solution to move temperature-sensitive products to and throughout the U.S.  By driving unnecessary costs out of the system, everyone benefits, especially the end-consumers, who ultimately will be able to purchase products at a lower price.”

Live Webinar with LaneAxis CEO Scheduled for December 15

Join us Thursday, December 15th at 11 AM PST (2 PM EST) for a Live Investor Webinar and Q&A with LaneAxis Chief Executive Officer Rick Burnett. 

In this webinar, Rick will discuss how LaneAxis compares to other competitors like Convoy and Uber Freight, how the LaneAxis platform works, and where he sees the transportation industry in five years. Don’t miss your chance to connect with this transformational technology leader and have your questions answered live.

There are a limited number of reservations available for this webinar. Click here to reserve your spot today!

Trade Show Follow-Up

As we highlighted in a previous announcement, LaneAxis was an official exhibitor at “Equity Crowdfunding Week” in Los Angeles in early November. Although a last-minute venue change suppressed turnout a bit, the LaneAxis booth was clearly one of the most visited across the three day event.

In the weeks following the trade show, LaneAxis has held follow-up calls with close to 10 parties – ranging from retail and institutional investors, to shippers seeking supply chain solutions, to other freight technology companies who may be a good fit for a partnership with LaneAxis.

More follow-up calls are scheduled in the weeks to come.

And Finally…

Although it’s been another roller-coaster year for the global and domestic supply chains, LaneAxis has maintained a steady course focused on network growth, strategic partnerships, and revenue growth. In fact, LaneAxis is on pace to quadruple its revenues YOY compared to 2022.

Suffice it to say, we will not be slowing down heading into 2023.

The LaneAxis Team sincerely thanks you for your continued, enthusiastic support over the past year(s). We wish you the happiest of holidays as well good health and success heading into ’23.

Best,

-Team LaneAxis

Hello LaneAxis Shareholders and Supporters,

The holidays are here and (in some parts of the country) the pre-winter chill is settling in. So let’s talk cold storage.

LaneAxis and GTFO It’s Vegan! Ready to Roll

LaneAxis is hitting the gas pedal in our collaboration with GTFO It’s Vegan! Foods - THE largest online retailer, wholesaler, and distributor of curated vegan foods. We first announced our Letter of Intent agreement with GTFO earlier this year. After months of careful planning, design and engineering, this collaboration is ready to ramp up.

Why it Matters

It’s not an overstatement to say this collab could mean very big things for LaneAxis, GTFO It's Vegan, and the U.S. supply chain industry at large.

Of immediate significance to LaneAxis, GTFO will compel its 1,000+ suppliers and vendors to run their loads through the LaneAxis Network. This is forecast to boost our daily load volume significantly, which in turn will dramatically increase the number of shippers and carriers in the LaneAxis network. GTFO delivers its products all across America, and it expects to realize significant cost-savings in its shipping spend by going direct with LaneAxis.

Independent Warehouse Network with Focus on Cold Storage

One of GTFO’s pain points is simplifying the shipping and storage processes for its vendors, many of whom struggle to deliver temperature-sensitive products directly to GTFO and other retailers affordably. It goes without saying that much of the product GTFO sends its customers is temperature-sensitive, meaning it must be moved on a refrigerated trailer and stored in a refrigerated warehouse/distribution center. In the current supply chain climate, cold storage – especially on the west coast – is at full capacity. These supply chain bottlenecks create delays in shipping products, directly impacting the ability for GTFO’s vendors to grow and respond to consumer demand.

Much like the U.S. trucking industry, the cold storage sector (and warehousing sector at large) is overwhelmingly comprised of small and independent operators. LaneAxis is initially geocoding 7,000 cold warehouses, which will serve as “satellite” facilities surrounding four to five primary “anchor” pick-and-pack warehouses. This will ensure full coverage over the entire U.S. mainland.

Cold Chain Warehouse Network

All 1,000 of GTFO’s vendors/suppliers can negotiate rack space directly through the LaneAxis Network platform (As will all other shippers seeking warehousing solutions). Once the rack space has been reserved, the LaneAxis Direct Freight Network will send out “Revenue Alerts” to all available and qualified carriers to haul shipments to and from those warehouses.

As far as the revenue potential for LaneAxis, the company will charge a transaction fee for booking the warehouse space through the network. LaneAxis will then collect another transaction fee once the load is tendered to a carrier within the system.

It’s important to point out this collaboration to build out the warehouse network will not focus solely on cold storage facilities, but dry facilities as well. The integration of a cold storage network with the LaneAxis Direct Freight Network offers a simple, affordable and frictionless end-to-end solution for all global companies looking to move and temporarily store products throughout the U.S., particularly temperature-sensitive products.

LaneAxis Exhibiting at Equity Crowdfunding Week

LaneAxis is excited to be participating in the upcoming Equity Crowdfunding Week 2022 event in Los Angeles, to be held November 9-11. The event is billed as “The flagship event in equity crowdfunding. 3 days showcasing the most innovative companies raising capital in the private markets, thousands of investors & the biggest names in the equity crowdfunding industry.”

3,000+ entrepreneurs and investors will be attending, along with 100+ participating companies. LaneAxis is an official exhibitor and will be presenting our supply chain solution to a “who’s who” in the equity crowdfunding space.

Here’s just a partial list of the companies that will be involved in the event:

• Google
• Meta
• Booz | Allen | Hamilton
• The Arcview Group
• NorthCapital
• Aptera

More “Buzz” for LaneAxis & CEO Rick Burnett

LaneAxis CEO Rick Burnett featured in "Authority Magazine".  In this in-depth Q&A with leading cybersecurity expert David Leichner, Rick discusses in detail how to create a nationally secure and resilient supply chain. Since 2018, Authority Magazine has conducted more than 50,000 empowering interviews with prominent Authorities including Venus Williams, Shaquille O'Neal, Marc Cuban, Guy Kawasaki and Daymond John. Read the full story here.

Rick also made a guest appearance for “Inbound Logistics Magazine,” one of the leading publications in the supply chain industry. In this issue, the magazine reached out to Supply Chain thought leaders for their monthly "Good Question" Series. This month's question: What tool would you invent to help do your job better? Click here to read the story and scroll down the page to read Rick's response.

Inbound Logistics has expressed strong interest in the LaneAxis Direct Network platform, and is in the process of scheduling further articles and feature pieces on our solution. As we continue to expand our marketing and PR initiatives, you can expect to see Rick and LaneAxis featured in more and more publications in the months to come.

As always, we thank you for your continued support #LaneAxisNation!

Best, 

-Team LaneAxis

Hello LaneAxis Shareholders and Supporters,

We’re now into Q4 so let’s get to it.

LaneAxis Network Growth

As we shared with you in a blog post/press release this past month, the LaneAxis model is proving itself out in impressive fashion. Our most recent case study featured a network shipper who posted multiple loads, received multiple bids, and in about an hour assigned the loads to multiple carriers – all without any human intervention. Even in today’s digital age, an estimated 2 million loads per day are managed manually. This cumbersome process often takes days to complete depending on pickup date and location, requiring numerous and generally frustrating back-and-forth phone calls, emails, and even faxes between shippers, multiple carriers, and often freight brokers.

The LaneAxis model is rendering that archaic process obsolete, and carriers and shippers are taking notice. The front-end side of the network functions much like LinkedIn, where shippers query the network to find and connect directly to carriers (trucking companies). Carriers can similarly query the network to find shippers they’d like direct access to. This model is proving popular as evidenced by the pace at which we’ve been able to scale in the early stages of the network.  

Here’s a glance at Q3 by the numbers: 

• Total direct connection invitations sent from 10,000+ carriers to shippers: 28,892
• Total direct connection invitations sent from 321 shippers to carriers: 802
• Total number of DOT-approved carriers in our database increased to 2,024,716 
• Total number of verified shippers in our database increased to: 116,680

Let’s unpack those figures and what they really mean.

First and foremost – it means our momentum is starting to snowball. With nearly 29,000 invitations sent from carriers to shippers, our sales and outbound call teams now have nearly 29,000 “warm” leads to engage existing network shippers and recruit new shippers into the network. Conversely, the 802 invitations sent from shippers to carriers proves there is a big appetite on the part of shippers to build their own “direct, private fleet” of independent carriers – without the need for brokers.

Making long-term projections is an inexact science. But based on these figures and our team’s deep knowledge of freight transportation, we can make several reasonable assumptions. First, our dedicated account managers will work with those 300+ shippers to cement those carrier connections and post more and more loads. Given that the average independent trucking company owns about 5 trucks, we’re streamlining our CRM process to incentivize the 60,000 drivers in the carrier network to download the app. Increasing driver/carrier adoption of the platform and network app will increase the number of “revenue alerts” automatically generated from the network to those carriers/drivers.

Given the 2 million+ daily loads managed by humans, LaneAxis is further incentivizing carriers to fully engage with the automated Network Platform by offering 100 free loads to manage their shipments internally, regardless of who they contract with to move those loads. This includes loads obtained outside the LaneAxis Network. This added benefit allows carriers to upload all of their current loads, assign those loads to their drivers, then send a real-time tracking link to the shipper(s) they are hauling for. This introduces shippers to the powerful visibility tools built into the LaneAxis platform, while further eliminating the need for phone calls and paperwork.

The end result: increased network adoption and engagement by both carriers and shippers. It’s a win-win for both sides.

Looking further down the road... as we continue to scale, recruit new shippers, and move our existing shippers toward full integration, we will start to attack the 1.37 million daily brokered loads posted on DAT and other popular load boards.  

Consider that on a $1,000 load (a fairly standard load rate), LaneAxis collects approximately $30 in revenue. So at 1% market penetration of the 1.37 million daily brokered loads, LaneAxis would generate approximately $150 million in annual revenue. This is not wishful thinking. This target goal is very attainable.  

At that point, we believe the LaneAxis Network will organically begin to take on a life of its own and eventually reach the all-important “tipping point,” also known as the Network Effect. This occurs when a product or service becomes so popular and valuable, that new customer engagement begins to increase exponentially without the need for cold-calling.

It would be foolhardy to predict exactly when the Network Effect will kick in, but given the volume of activity just this past quarter – we are headed in the right direction.

LaneAxis System Upgrades & Added Features 

As our sales team continues to drive network growth, our tech team continues to refine the UI and UX of our digital platform. In Q3 we improved existing features while adding new ones. Many of these upgrades are the product of direct feedback from our network carriers and shippers. Here is a partial list of system improvements/additions:

Corporate Admin Panel

• Expanded permission access for Admin users
• Added “Edit” feature for admin users to customize presentation of shipper, carrier and driver data 
• Upgraded the ability for drivers to edit and upload documents 
• Admins can now see their staff’s sign-in history 

Network Portal

• Modified ability for carriers/dispatchers to adjust frequency and prioritization of notifications for drivers 
• Added ability for users to customize which notifications they would like to receive during a shipment
• Implemented new analytics tools so the LaneAxis team can learn more about users' behavior patterns and what is important to them
• Added all new features for our Independent Warehouse Network, including easier login and registration
• Refined storage order process and tracking of storage orders
• Shippers can query for storage vendors based on specific criteria within the network
• Added storage order bidding process between storage companies and shippers

Warehouse/Storage Network Order Form

• Added “more info” popups to better guide users utilizing the portal
• Added the ability for carriers/drivers to add or edit pickup appointment dates/times
• Optimized shipper/carrier/driver registration process
• Shippers and carriers can now add "Special Requests" for any shipment

Mobile App

• Enabled ACH payment support so users can pay directly using ACH
• Modified notifications for drivers so they can focus on shipment navigation and delivery
• Carriers can now manage their drivers from the mobile app

Carriers can now manage drivers via Network App

• Added new data filter options in the mobile app so users can quickly search and find what they are looking for
• Carriers and drivers can now edit/add appointment dates for pickup and dropoff
• Added “multi-stop” functionality
• Drivers can now update their Commercial Driver License (CDL) directly from the app
• Shippers and carriers can now check transaction history through the app

As we’ve often stated, the LaneAxis software platform will never be fully “complete,” as we will always look for ways to improve system functionality to ensure total customer satisfaction.

As always, we thank you for your continued support #LaneAxisNation.

Best,

-Team LaneAxis

Hello LaneAxis Shareholders and Supporters,

LaneAxis Network Shipper Aaron Walsh has relied on brokers to move his freight for years. An industry fraught with inefficiency left him no choice.

Those days are over. After signing up with LaneAxis, Aaron was able to connect with carriers, post multiple loads, negotiate rates, and get the shipment tendered in ABOUT AN HOUR - all without any human intervention. This is a record-fast load tender for LaneAxis and proves our mantra that brokerless is better and going direct is the future.

Click here to read the full press release.

Aaron was also kind enough to share his experience on a video chat. You can view the video below:

Thanks again for your continued support #LaneAxisNation!

Best, 

-Team LaneAxis

Hello LaneAxis Shareholders and Supporters,

LaneAxis is rocketing into summer with a “problem” that most organizations would love to have: managing rapid growth. The company is expanding and scaling in multiple directions – and as you likely know, rapid growth requires extensive capital reserves. With that in mind, LaneAxis has filed a Form 1-A with the Securities and Exchange Commission (SEC) announcing our intention to launch a Reg. A crowdfund campaign.

Reg. A Campaign

LaneAxis is seeking to raise $20 million to continue our tech development on both the network and blockchain sides of the platform. This capital infusion will also enable us to market our platform at a much higher level, as well as significantly expand our team. Our goal is to launch the campaign within the next month. Beyond that, we’re limited as to what we can say, but we’ll be releasing more details soon.

In the meantime, please watch this short video featuring LaneAxis CEO & Founder Rick Burnett discussing the rationale and strategy behind this new capital raise.

More High-Level Government Meetings

LaneAxis’ patent-pending Federal Transportation Network Platform (application #63255460) continues to attract attention from government agencies seeking supply chain solutions. As mentioned in last month’s update, we held a very productive call in May with senior members of the Department of Commerce. 

Last week we had another excellent call with top members of the United States Department of Agriculture (USDA). During that conversation we directly addressed the USDA’s “Agricultural Marketing Service Strategic Plan” – specifically Objective 4.2 – which seeks solutions to “Ensure and Expand Optimal Web-Based Supply Chain Management Service Delivery.” Of course this falls right into LaneAxis’ wheelhouse, which we effectively expressed to them.

We also addressed another timely issue: the so-called “baby formula crisis” in the U.S. As part of our discovery process, we learned that the USDA had contracted with FedEx to distribute emergency supplies of baby formula that had been flown in from Europe. The first batch arrived in Indianapolis on May 22. We (very politely) explained that FedEx outsources much of their freight to small and independent carriers, which often results in time delays and lost visibility. 

We then showed them an image from our backend portal, which displays more than 18,000 carriers in and around the Indianapolis area. This, we suggested, could be a much more efficient and effective way to manage crises such as this one. Their reactions and questions indicated significant interest in the solution.

Delivering baby formula: 18,000+ Carriers in Indianapolis area

In June we have two calls scheduled with supply chain officials from the Army and Navy. Our Washington, DC, government liaison Paul Boardman piqued their interest largely on the strength of the one-page Federal Transportation Network description, as seen below:

Cold Chain Warehouse Network

Another exciting announcement to pass along: LaneAxis has partnered with a prominent in-Network Shipper – GTFO Vegan Foods - to create a national network of independent cold storage warehouses.

Much like the U.S. trucking industry, the cold storage sector is overwhelmingly comprised of small and independent operators. LaneAxis is initially geocoding 2,000 cold warehouses, which will serve as “satellite” facilities surrounding four to five primary “anchor” pick-and-pack warehouses. This will ensure full coverage over the entire U.S. mainland.

GTFO will require its 1,000+ suppliers and partners to run their loads through the LaneAxis Network. The integration of a cold storage network with the LaneAxis Direct Freight Network offers a simple, affordable and frictionless end-to-end solution for all global companies looking to move temperature-sensitive products throughout the U.S.

High-level view of Cold-Chain Warehouse Network

We’re pleased to bring you these important updates, and hope you are pleased to learn about them.

We are aware many of you will have questions regarding our planned Reg. A campaign. Again, we are limited as to what we can disclose at this point, so please know we will not be able to answer some of your queries just yet. But rest assured we will provide full details about the offering very soon.

As always, thank you for your continued support #LaneAxisNation.

Best,

-Team LaneAxis

Hello LaneAxis Shareholders and Supporters,

LaneAxis continues to push forward on multiple initiatives – most critically expanding network membership and daily load volume, adding new features and enhancements to our core SaaS platform, and leveraging our intellectual property – with some very exciting results.

Feds Showing Interest in FTN

Among multiple areas of progress this past month, one of the most significant has been the traction and attention gained by our patent-pending Federal Transportation Network Platform. LaneAxis’ Government Liaison Paul Boardman has managed to establish direct connections with high-ranking members of numerous federal agencies interested in next-gen supply chain solutions. 

In mid-April, the LaneAxis executive team held a one-hour discovery call with the Senior Policy Advisor for the Department of Commerce. We are now in the process of establishing next-steps and potential follow-up calls.

Paul has successfully established communications with the following agencies, with several calls now awaiting scheduling:

• Department of Commerce
• Department of Transportation
• Department of Agriculture
• Department of Defense
  1. Air Force
  2. Army
  3. Navy
  4. Marines
• Department of Energy
• Department of Labor
• NASA
• Small Business Administration

It’s important to point out that despite the perpetual feuding on Capitol Hill, the supply chain is truly a bipartisan issue affecting every American regardless of party affiliation, color, creed, or background. Paul’s ability to comfortably and ably interact with government representatives on both sides of the aisle is an asset that can’t be overstated.

“Over the last two months, I've been able to essentially install LaneAxis in all of the government agencies and the White House… they have looked at this. They have gotten back to us and referred us to the Department of Transportation. We have had our first presentation. It went very well [with] a senior policy advisor to the Secretary of Commerce. Right now we have incredible returns and action coming in from DOD, Army, Navy and Air Force. We're set to have a presentation to the Secretary of the Navy. I have seen incredible things happen from agencies that you would just never suspect would do something or want to take on a pilot.” – Paul Boardman, LaneAxis Government Liasion

In this short video, Paul discusses his background, his passion for the LaneAxis solution, and the progress he’s made to date with government agencies.

Additional Points of Progress

In addition to “advancing the ball” on the FTN platform, LaneAxis is also marching forward in several other key areas:

• LaneAxis’ roster of network Shippers continues to grow, with two significant companies joining on this week. One of them is a major retailer specializing in vegan foods, and they’re not coming alone. The company is bringing 8 of their suppliers into the network with them. Additionally (and significantly), we are deepening our partnership with the vegan food company by launching a new initiative to develop a national network of cold storage facilities. Currently, cold storage facilities are largely small and independent – not unlike the U.S. trucking industry. Establishing a unified network of cold storage facilities that would integrate with LaneAxis’ shipping and product fulfillment network presents a massive opportunity for company growth in a largely ignored sector.
• The second major company signing on with LaneAxis this week is a national farming operation that will fully integrate all of this season’s loads into the LaneAxis network.
• Our blockchain and smart contract engineers are finalizing work on our patent-pending Certificate of Insurance NFT (non-fungible token) program. In talks with several key stakeholders, including insurance companies, the prospect of validating and verifying insurance documents via NFT minting has been met with incredibly positive feedback.
• The LaneAxis software engineering team continues to make key upgrades and system enhancements to the core LaneAxis Network platform. This includes displaying the expected rate for bid shipments, adding a feature that prevents spam bidding, adding new LTL (less than truckload) capabilities, and adding “Rate-per-Mile” details on all public shipments

Bid Status Now Reflects Rate Per Mile

As always, we thank you for your continued support #LaneAxisNation. Stay tuned for more significant announcements in the weeks and months to come.

Best,

-Team LaneAxis

Hello LaneAxis Shareholders and Supporters,

Q2 is officially underway and LaneAxis continues to run on all cylinders. The ongoing expansion of our sales team has accelerated the recruitment and onboarding of both Shippers and Carriers. Our pace of Shipper interest and engagement has grown at such a rapid rate, we are now planning to hire at least 20 more Shipper Integration Reps in the coming months. You can read about our latest impressive senior hire below.

We’ve also made major inroads on Capitol Hill introducing our patent-pending Federal Transportation Network Platform to high-level government officials. The initial feedback has been positive.

And in the past month, LaneAxis has added to its Intellectual Property arsenal with the filing of a patent application for a proprietary NFT- based insurance verification platform.

First… A Message from Rick

LaneAxis Founder & CEO Rick Burnett has a timely message for #LaneAxisNation, specifically about appreciating what we as shareholders are collectively building:

All of us have experienced the removal of the “middleman” in some form of our daily lives. Remember travel agencies? Remember Blockbuster?

Netflix and other streaming services proved the power of direct connectivity. What many of you may not have thought or wondered about - is how did those companies achieve that transformation? A combination of some or all of the following:

• Vision
• Real Solution
• Timing and market ready for change and transformation

LaneAxis is solving problems large and “small” in trucking (we know, in trucking, no problems are truly small).

As shareholders in LaneAxis, you are experiencing firsthand a powerful and ultimately historic transformation in the transportation/supply chain industry. Our Brokerless Direct Freight Network built on blockchain will improve the lives of truckers in ways both big and small. For example: we’ve stated many times that 90% of U.S. trucking companies have 10 trucks or less. Part of our payment processor “Stripe’s” requirements for a general business customer (such as a carrier company) to qualify for a “connected account” to get paid directly is to prove the legitimacy of their business. This includes having an existing and functioning company website. How many of the 930,000 owner-operators do you think have a website?

We can tell you less than 10% from our data. LaneAxis has built a simple and seamless way for these trucking companies to get verified. That statement alone is confirmation that LaneAxis is the industry-first Brokerless Direct Network that will connect these millions of trucking companies directly to shippers/manufacturers.

We are determined to improve the lives of truckers and improve the supply chain for the good of the globe.

 -Rick 

NFT Insurance Patent Application Filed

In March LaneAxis officially filed a patent application for an NFT (Non-Fungible Token) based insurance verification platform. Carrier Certificates of Insurance (COIs) can, and unfortunately are, easily forged. The current PDF version of a COI can be modified to misrepresent key insurance details such as expiration dates and policy minimums as dictated by shippers/manufacturers. This creates fraudulent transactions that are often not discovered until damages or major loss has occurred. This is simply a risk major shippers cannot undertake.

Read the full press release here.

High-level overview of NFT insurance minting process

Federal Transportation Network Progress

Our government liaison, Paul Boardman, is making phenomenal progress introducing the LaneAxis solution – and specifically our patent-pending Federal Transportation Network Platform – to high level government officials.

In just the past few weeks, Paul has made direct contact with decision-makers in the following government sectors:

• Military
  • Department of Defense
  • Department of Homeland Security
  • Air Force
  • Navy
  • Army
• Blockchain Congressional Caucus
• Department of Transportation
• The White House

Paul has secured tentative meetings – still to be scheduled – with the Blockchain Congressional Caucus and the Secretary of the Interior. He has also corresponded with a high-level assistant to U.S. Secretary of Transportation Pete Buttigieg, with whom he is also trying to schedule a presentation.

As we told you in last month’s update, Paul’s extensive contact list stems from his time working in the political sector. Paul is a former two-time nominee for the U.S. House of Representatives in West Los Angeles’ 29th district, where he won contested primaries in the highly competitive district with 78% of the vote in 1994 and 82% of the vote in 1996. 

Another Sales All-Star Joins LaneAxis Team

The LaneAxis outbound Sales Team continues to grow with the addition of another business development veteran.

Alexander Hamilton joins LaneAxis Sales Team

Alexander Hamilton is assuming a full-time senior role in the Sales Team with a focus on lead generation and business development. Alex is a serial entrepreneur, having founded Alexander Capital Equity in 2011. In 2018 he founded “ProspectDNA,” a data-driven, human-powered approach to online lead conversion. ProspectDNA provides business leaders the digital tools and strategies to scale quickly.

The LaneAxis Sales Team continues to grow at such a rapid pace, our corporate office in Newport Beach, California, is bursting at the seams. We are now in the process of securing additional office space to accommodate our growing roster of sales vets. Our hiring spree will continue over the next few months.

On a side note, the Marketing and Sales Teams are in the process of developing a marketing campaign focused on Hispanic (and specifically Spanish-speaking) truckers, which represent a large segment of the U.S. truck driving force.

We hope you’re pleased to hear these important updates… and the good is there are more to come!

Also a quick reminder: make sure to whitelist the email address customerservice@laneaxis.com to make sure our updates aren’t being detoured into your spam folder. 

As always, we thank you for your continued support #LaneAxisNation.

Best,

-Team LaneAxis