Shipment Monitoring Business Plan
NaviTag Technologies, LLC [NaviTag Technologies], headquartered in Massachusetts, is a start-up company founded for the purpose of creating the first location and security monitoring solution for maritime container cargo shipments.
Our solution focuses on meeting the needs of two types of customers – companies engaged in shipping cargo worldwide and the government agencies that monitor such movements. For the first time ever, these users will be able to securely capture and act on shipment data without relying on equipment owners and/or shipping partner integrations. This is accomplished by utilizing a removable tracking device that is affixed to the exterior of a container. Throughout the containers journey, the device will report its status and positional information to an Internet accessible central database before ultimately being removed by the recipient and returned to the owner.
Such a monitoring service is not yet available anywhere in the transportation industry, and we intend to dominate this segment.
[Confidential and proprietary information has, in some text and tables, been omitted or disguised in this sample plan.]
The mission of NaviTag Technologies is to provide shippers or government agencies a portable, reusable device that will track cargo shipments with greater accuracy than the event-based historical systems available today.
This electronic tag will track the cargo, not the container, providing the owner with the ability to choose what cargoes are monitored. It can be introduced anywhere within the supply chain to provide the security information that government agencies are seeking to protect U.S. ports from importation of dangerous cargoes.
NaviTag Technologies core revenues will be generated from the sale of these electronic tags – a NaviTag™ – as well as access charges to retrieve the information. The number of NaviTags purchased by an individual group is dependent upon the volume of shipments requiring monitoring. Access charges are assessed to the NaviTag owner and are established on the basis on the volume of units in operation. This fee allows access to the NaviTag network and the central database containing the positional and security alert information transmitted from the NaviTag.
We have targeted the container shipping market for several reasons. As a $120 billion industry, it offers significant growth potential. The annual unit growth of the number of containers shipped averaged 8% in the 1990’s and is forecast to increase by almost 100% by the year 2010.
In the next decade, container terminals around the world are set to experience rapid growth, with global container handling throughput expected to reach in excess of 300 million TEUs1 in 2005 and over 400 million TEUs in 2010. Despite the growth in the container shipping industry, it still remains a very fragmented market. There are over 500 companies operating in excess of 2,500 vessels today and within the U.S. alone there are over 50,000 importing and exporting companies on record. On a worldwide basis, the number of companies engaged in international container shipments is in the hundreds of thousands.
 TEU – (Twenty foot equivalent unit) – an industry measurement of volume for container shipments. Containers typically are offered in twenty and forty foot dimensions. One twenty-foot container is equal to 1 TEU and one forty foot container is equal to 2 TEUs.
Mr. Galley is a seasoned technology professional with over 15 years of experience in management, operations, and application and product development in technology environments. As CTO and founding member of GoCargo.com, Mr. Galley brought the company from a business plan concept to processing transactions online in six weeks. Mr. Galley also has Fortune 50 financial experience as a technical officer, and has run a data center operation.
Mr. Magown has spent twenty years serving in senior management positions with transportation-related companies. Mr. Magown was an original member of the Internet start-up GoCargo.com and held the position of vice president of sales. For 17 years prior to joining GoCargo.com he had built a successful career with the ocean carrier CAST (CP Ships), where he fulfilled a variety of senior sales and marketing positions including regional director east coast. Mr. Magown holds a BS degree in business management from Bryant College.
Market research and business model development have been completed. NaviTag Technologies is seeking to raise substantial funds by way of private equity placement in order to execute its business plan, focusing on creating the electronic tag, central database, and establishing the customer base.
NaviTag Technologies offers exceptional growth opportunities. The demand within this rapidly growing market for a unique solution in the form of a portable, cost-effective cargo tracking tool is currently untapped. Our approach of empowering the shipper with control of the positional information and the development of a selective cargo alert tool for government agencies is the solution to a clearly defined need. We have the opportunity to seize this market and we intend to move quickly to establish a market leader position. NaviTag Technologies presents an attractive opportunity that is based on solid market research and industry experience. It offers current industry players a valuable service unavailable elsewhere, resulting in immediate benefits.
The goal of NaviTag Technologies is to provide accurate, timely information regarding the location and status of container cargo within the supply chain. Our purpose is to empower the NaviTag owner with control of the in-transit cargo visibility and security information, eliminating their reliance on third party equipment tracking systems.
NaviTag Technologies is incorporated as a limited liability company in the state of Delaware and is headquartered in Boston, Massachusetts. The Company shareholders are founders, president – CTO Jim Galley and president worldwide operations Robert Magown.
2.1 Start-up Summary
Our start-up costs are mostly stationery, legal costs, and expenses associated with opening our offices. The start-up costs are to be financed by direct owner investment.
2.2 Company Locations and Facilities
NaviTag Technologies currently operates from two facilities. The corporate headquarters is located at 123 Main St., Boston, Massachusetts, and is the sales and finance center for the company. Development and production are managed from our office in New York.
Products and Services
NaviTag Technologies provides a service that allows government or commercial entities to securely track their cargo movements worldwide. This is accomplished by utilizing a patent pending electronic tag – called NaviTag – to capture location and event information in conjunction with an Internet accessible central database.
The NaviTag can easily be attached to any container, monitor the transport route and destination, and be removed at destination to be reused on another shipment. If the container is entered, the NaviTag will alert the central database of the event and provide data regarding the intrusion. The central database acts as a clearinghouse that allows government and commercial organizations to utilize this information to streamline internal processes. The NaviTag will provide shippers with accurate, timely information regarding the location of their shipment via modem transmissions to the central database. The shipper can access the location information at anytime through a secure Internet connection and be empowered with the information necessary to make decisions, and take required actions to support their supply chain.
NaviTag Technologies will support government agencies desire to improve security within the U.S. ports and borders. A NaviTag attached to a container on foreign soil would provide full route and location visibility to destination as well as notification of any breach in security. The authorities could then investigate the security breach and take the necessary action. For the Department of Defense, NaviTag can provide end-to-end visibility and security for all their sensitive cargo, ensuring the safety of the military personnel at the destination. NaviTag is light, compact, and reusable making it a cost-effective method of tracking cargo and ensuring security. It is a rechargeable, self-powered device that can be easily packaged and returned to the owner providing unlimited use.
3.1 Product and Service Description
NaviTag Technologies provides a service that allows government or commercial entities to securely track their cargo movements worldwide. Our cargo tracking solution comprises of three elements, the datacentre, the activation unit and the NaviTag itself.
The NaviTag unit utilizes a low power modem that allows it to communicate from anywhere in the world. This modem, in conjunction with positional and door sensors, provides the capability to transmit positional and door open conditions on a regulated basis throughout the cargo’s journey to its destination. The NaviTag provides this functionality in a self-contained unit at a size and price point not previously available. The NaviTag unit is about the size of a paperback novel and light in weight to facilitate return shipment.
It attaches to the exterior of the container door by means of fixed mounting arms and an adjustable securing bar that is locked in place for the duration of the voyage. It is detached at destination by entering the unlock code into the electronic keypad and following instructions in the status display window. Once the NaviTag has been activated, it records its location and transmits positional information at an average of every four hours. The frequency of these transmissions increaes as the cargo approaches its destination, and any door open conditions or tampering conditions get transmitted immediately. These transmissions are relayed via secure means to our Datacentre where they are validated and inserted into a common data structure. Upon validation, the Datacentre will perform any global and voyage specific messaging as defined by the NaviTag owner.
While the NaviTag is an important part of the cargo monitoring solution, the information and actions generated from NaviTag data are equally important.
Our solution includes a normalized database from which NaviTag owners and authorized third parties can access and integrate NaviTag data into their own business processes. Access rights to data will be closely held, and authorization routines will be implemented at the site, database and device level. Each NaviTag is centrally registered to its owner, and usage is limited to authorized parties.
Market Analysis Summary
Our target markets are those shippers seeking to improve control of the cargo movement within their supply chain and government agencies striving to enhance the security of cargo in transit.
The information today is supplied independently by the multiple service providers involved and is not coordinated through a single source. To achieve end-to-end visibility, a shipper must undertake a massive data integration project with each service provider, or outsource the entire effort to a supply chain visibility company. Even then the information is historical and reliant on third party data entry that is subject to human error. Of the total projected market of over 300 million TEUs in 2005, our efforts will be focused on those shippers with high value, time sensitive, or hazardous cargo.
We estimate that approximately 30% of the total world market would fall within this criterion, equating to over 90 million TEUs. Our security focus will be directed to those government agencies seeking to improve security of the U.S. ports involved in processing the 600,000 containers entering weekly. With only 2% of the imports being inspected today, the concern of dangerous cargoes compromising the port operations has created opportunities for a cargo tracking/security alert device such as ours.
4.1 Service Business Analysis
We have identified three distinct opportunities within this market as having a proven need and an expressed desire to improve the visibility of cargo shipments.
- Shippers – this group has identified a need for a cargo-tracking tool that will allow their shipments to be monitored from origin-to-destination providing accurate and timely location information.
- Government Agencies – since 9/11/01, heightened awareness throughout the U.S. has led to security concerns regarding cargo entering U.S. ports. Government agencies/offices such as D.O.T., Transcom, Customs, Department of Defense (DOD), and Homelands Security have expressed interest in technology services capable of being introduced anywhere within the supply chain that provide protection against a terrorist threat from dangerous container cargoes.
- Carriers – the equipment owners are seeking an automated process of inspecting temperature-controlled containers, providing them with positional data and immediate notification of refrigeration failures allowing them to take the necessary action to avoid cargo spoilage.
4.1.1 Industry Participants
With container volume projections exceeding 300 million TEUs by 2005 and over 400 million TEUs by 2010, the market potential for this segment is significant. Any shipper with high value, time sensitive, or hazardous cargo is a targeted customer. The container cargo that falls within this criterion would be approximately 30% of the total market equating to over 90 million TEUs per annum in 2005.
These shippers are demanding a visibility tool that will provide them with timely, reliable data regarding the location of their shipments within their supply chain. That information will allow them to manage inventory, avoid additional transportation cost (demurrage or storage charges), anticipate customer stock shortages, and reroute cargo when necessary. They require confidence in the quality of the data and the timeliness of the report to ensure correct actions are being taken. Today’s systems do not instill this confidence because the shipper is reliant on third party, historical data. Providing historical information about where the cargo has been, based on events designated by the service provider, does not meet their requirements. The shipper is not empowered with control of the information, which limits the value of the content.
The world has been forever changed since the attack on the World Trade Center and Pentagon on 9/11/01, and the sense of security that Americans enjoyed was shattered. Security at airports, commercial facilities and government buildings has been enhanced dramatically, utilizing a variety of equipment designed to identify and restrict dangerous contraband. U.S. ports have been specifically identified as vulnerable and potential terrorist targets and are in need of greater security measures.
U.S. government agencies and offices have allocated funds for improvement in port security, container-tracking technology, and electronic seals that detect intrusion and tampering attempts. DOD is pursuing technology that will provide accurate and timely location information as well as intrusion notification for the containers carrying munitions or supplies to military installations. U.S. Customs is deploying agents in foreign ports to inspect containers prior to their being loaded onto vessels destined for U.S. ports and is seeking electronic seals that will confirm security integrity has not been breached after inspection.
The Maritime Administration (MARAD) is allocating funds for technology that will assist in their effort to avoid the importation of weapons of mass destruction in containers through a U.S. port. All of these agencies and offices have been targeted as potential markets for an automated cargo tracking and intrusion alert electronic seal. Preliminary conversations with these organizations, as well as MassPort Security and the U.S. Coast Guard, have been encouraging and have resulted in request for prototypes to perform field testing.
Ocean carriers are typically the owner/lessee of the containers and chassis that are loaded by shippers for their international shipments.
Many carriers include temperature-controlled equipment in their container fleet for perishable goods such as meats, produce, chemicals and other products that require stable temperature environments. The equipment owner is responsible to ensure the unit is maintaining the required temperature and will be held responsible by the shipper for any failures that lead to cargo damage. The carriers perform inspections of the equipment at predetermined intervals throughout the transport route; physically monitoring the operation of the refrigeration unit to confirm the required temperature has been maintained.
The physical inspections are labor intensive, expensive, subject to human error, and may experience extensive time lapses between intervals. Should there be an equipment failure between inspections, the temperature may fluctuate enough to spoil the cargo and generate a claim. The equipment owners are seeking an effective method to automate this inspection process and provide immediate notification of equipment failure, allowing them to take the appropriate action to avoid cargo spoilage. Our research has found the carrier market already has several companies offering solutions to meet this need, and we have decided not to focus our efforts in this area at this time.
Comprehensive research of competition within this market identifies the existing segmentation of the services available today. In each case, NaviTag Technologies offers a unique solution to address the needs that are not fulfilled by our competitors. We differentiate ourselves by providing the cargo owners and government agencies with a tool that monitors cargo and security without reliance on third party equipment owner’s historical and inaccurate data.
4.1.2 Competition and Buying Patterns
The need to track and secure cargo is not new, and vast arrays of solutions exist from companies large and small to deal with the unique needs of each party. Merging and acting on partner messaging is typically found in supply chain management solutions while event notification and positional information of a physical device is categorized as asset management. Cargo security devices span the gamut from breakable plastic seals to hardened iron bars. The following is a breakdown of each category’s offerings:
Supply chain management – Supply chain solutions strive to manage every step of a product’s life cycle, from raw material procurement to customer delivery. After each step is automated, data exchange procedures with each business partner (supplier, carrier, trucking company, etc.) integrates the disparate information flows into a single efficient process. Examples of such solutions are X, Y and Z. If a company already has a supply chain solution in place, an alternative is to outsource all the data exchange processes to a supply chain messaging aggregator. Only one integration is required – between the customer and the aggregator – and the burden of conversion and data quality is outsourced. An example of such a service is W company.
In both situations, integration with shipping partners aids in increasing the flow of information to the company, but partners can only provide data that is – for the most part – historical. “Where the container is” isn’t captured, “when a container passed a checkpoint” is. Asset management – Apart from asset recovery solutions such as LoJack, asset management solutions permanently attach a wireless transceiver to a device to gain visibility and control over its usage. The transceivers range and type of data it provides is highly dependant on the application. Container ports need to maximize the flow of containers though their facility by precisely tracking their location. Systems such as AAA & BBB address this need by creating a localized sensor network and attaching transceiver beacons on their yard equipment.
Container owners – typically the carriers – need to maximize the utilization of the thousands of containers that are scattered throughout the world. Refrigerated containers are particularly needy; an individual outage translates to spoiled cargo and lost revenue. Solutions like those from CCC, DDD, EEE & FFF utilize nationwide coverage networks with status reporting and – with CCC – remote control/restart capabilities. In all cases, the capital investment – and benefits gained – is borne by the equipment owner. While this might not be that difficult for a Port to justify a system to track 35 pieces of yard equipment, carriers need to manage anywhere from thousands, to hundreds of thousands of containers.
Security – While the introduction of containers into the shipping industry provided far greater protection than break-bulk shipping, total losses due to theft are an estimated $54 billion annually. There are two types of security devices available in the market today that provide limited protection, a physical lock and an electronic seal.
The physical lock is straightforward – close both doors and place locks on each door handle. Variations to this model include bars, cables, and housings. Unfortunately, these approaches have the following problems.
- Key distribution to recipient/loss of the key to open the lock.
- Customs requirements to inspect the container’s contents.
- Forced access to the container though a means other than the door handle (removal of the door, cutting an access pin, etc.).
The second is an electronic seal that records a variety of activities that can be interrogated by a data collection device – typically a hand-held device. It can document actions – like a door being opened – but lacks the ability to transmit the information independently. More elaborate data capture solutions exist that can interrogate and save data on the seal – but an extensive network of these proximity activators needs to be placed throughout the entire intermodal journey.
While each of these categories offers a valuable and needed service to their customers, they lack the integration and coordination capabilities that our target market requires. Specifically:
- Supply chain solutions rely on aggregation of historical data which can be anywhere from hours to days old. The manual process from which the data is captured and the methods used to share data among partners is inherently insecure. The possibility exists that incorrect or forged data can enter the system.
- Asset management solutions track the equipment – not the cargo – and represent a significant capital cost if deployed en mass. Given the competitive nature of the shipping industry, and the costs associated with outfitting every container with a tracking device, the probability of carriers installing these devices any time soon is slim. It is also unlikely that shippers would be willing to forgo competitive pricing to select only carriers who make the investment, and government agencies (Customs, for example) cannot be limited in this matter.
Security products may deter and/or document entry into the container, but do not provide the opportunity to react to them quickly. Today’s situation demands a more proactive stance regarding security breaches, not just from a security threat standpoint, but from an inventory management perspective as well. The recipient cannot utilize compromised cargo, and alternatives need to be set in motion as soon as possible to mitigate damage.
NaviTag Technologies’ approach to the market is fundamentally different from other electronic tracking/sealing companies in a variety of ways.
Tracking/Tracing Visibility – The NaviTag monitors the cargo, not the container. This empowers the government agency or shipper with control of the data and eliminates reliance on third party sources. In this model the NaviTag owner receives timely location information, accurate data, and the ability to choose the cargoes they want to monitor regardless of the service providers involved. This allows them to change partners whenever they wish and still receive data in a consistent format and assured quality.
Security – The NaviTag provides immediate information regarding security breaches that allows the government agency or shipper to investigate and take the necessary corrective action. This system allows authorized parties (Customs) access to the cargo and notifies the NaviTag owner whenever the container has been entered. Should an unauthorized party enter the container by disconnecting the sensor seal or activating the light sensor, the NaviTag owner is notified immediately of the security breach and the shipper or government agency has the opportunity to inspect the cargo to establish if an action is necessary.
4.2 Market Segmentation
While the advent of containerization provided a simplified method of shipping goods internationally, the complexity of multimodal transport still requires a coordinated process of communication between the various service providers involved.
4.2.1 The Container Shipping Market
In 1950, shipping goods via container was introduced as an alternative to general loose cargo handling (referred to as break-bulk shipping). Since then, container shipping has become the preferred way to ship merchandise internationally, displacing break-bulk shipping in all but the largest of cargo2.
- It allows the cargo to move from in-land point of origin in one continent to in-land point of destination in another continent, without the need to handle the cargo itself – the sealed container seamlessly moves between multiple modes of transportation (“intermodal” shipment), from the back of a truck’s chassis, onto a specially built container ship, and back again on top of a truck, rail, or barge, as the case may be.
- Container shipping utilizes standard size containers. This standardization of capacity carrying units has introduced efficiencies into the management of shipping, warehousing and general distribution.
- Container shipping provided greater security from theft of cargoes and improved protection from breakage by avoiding the manual handling that took place during break-bulk shipments.
Today, almost all finished and semi-finished goods are shipped internationally within containers, including: chemicals, food products, wood/paper products, metals, minerals, plastics, machinery and various manufactured products, textile, vehicles, medical equipment, etc. We estimate the size of the container shipping market at $120 billion ($80 billion in port-to-port revenues alone3).
The annual unit growth of the number of containers shipped averaged 8% in the 1990’s with 10% in 1999, 12.5% in 2000, 4.3% in 2001, and is forecast to increase by 5.6% in 2002. In the next decade, container terminals around the world are set to experience rapid growth, with global container handling throughput expected to reach between 300 million and 342 million TEUs in 2005 and between 407 million and 525 million TEUs in 2010. Ocean carriers are currently taking delivery of new vessel orders that were placed during the strong growth years prior to 2001, increasing the container vessel fleet by 12.3% in 2001 and 14.5% in 2002. This additional capacity is creating pressure on rate levels and a significant reduction in revenues is expected to continue through 2002. On the positive side, this increase in capacity is positioning the ocean carriers to be prepared for the increase in volumes that have been forecast.
The dramatic growth in the container shipping industry is attributed to the improved efficiencies and lower cost of transport; opening borders and allowing manufacturers around the world to be competitive in foreign markets. The container shipping industry grew from a single company in the 1950’s to a very fragmented industry of over 500 companies operating in excess of 2,500 vessels today. As the number of carriers increased, the frequency of sailings and speed of the vessels improved, providing manufacturers with the ability to offer their products around the world with shorter delivery times and lower transportation cost. This changed the nature of the market from dealing with a competitor around the corner to having to compete with a manufacturer on another continent.
In the U.S. alone, there are over 25,000 individual companies exporting container loads of cargo and over 32,000 importers based on the 2000 Journal of Commerce Piers report. This information is compiled from the export declaration forms submitted by exporters and from the import duty data collected by U.S. Customs and only takes into account cargo importing/exporting from U.S. ports. The substantial volume of U.S. cargo transiting through Canadian ports is not included in these figures. There are no reports available to identify the total numbers of global shippers today but the number of individual companies around the world engaged in international container shipping has grown to the hundreds of thousands. The market is forecast to increase approximately 100% over the next 10 years due to increased global demand. The projected number of shippers will increase proportionally.
 Source: Mercer Management Consulting study submitted on behalf of the carriers to the House Judiciary Committee 3/22/00.
 Sources: L H. Clarkson & Company Ltd., Drewry Shipping Consultants Ltd.
4.3 Target Market Segment Strategy
Our choice of target markets is based on comprehensive experience within the transportation industry coupled with an in-depth understanding of the customer’s needs. We have taken a unique approach to providing the visibility and security information that cargo owners and government agencies are seeking, but have yet to find an acceptable solution. By capitalizing on newly developed technology and the requirements for security improvements, we have structured the timing of this venture to address the heightened demand.
As shippers strive to improve their customer service and maintain correct inventory level, they demand greater “visibility” into the status and location of their shipments. Unfortunately, the benefits gained by container shipping unearthed a different problem – lack of information standardization.
Informational “silos” existed – each party would know how to talk and exchange information with a few of the members, but not to all ten service providers. Additionally, shippers typically selected different service providers depending on terms of the shipment, further complicating matters. To get to this information, the shipper must undertake a massive data integration project with each service provider, or outsource the entire effort to a supply chain visibility company. Each party’s messaging standard must be converted to a common format before the shipper can utilize this data.
Once completed, the next problem arises. All the data generated from each of the service providers is, by it nature, historical. Where a container is located is not part of the data. The information provided today is based on the last event deemed worthy of notation by the service provider. The quality of this information can vary widely based on the sophistication and integration of the systems utilized by the service providers as well as the quality and dedication of the individuals entering the data. All but a few service providers rely on some sort of manual data entry/validation by field personnel, and are susceptible to human error. The market is seeking a single source solution to provide accurate and timely information regarding the location of their shipments.
While cargo location information is improving, cargo security data is practically non-existent. The shipper places a plastic or soft metal seal on a container and records the number on their documentation. Upon receipt, the receiver confirms that the seal is still intact and the container has not been opened.
Typically the first notice of a security breach is upon delivery, at which point it may be too late to take necessary actions to avoid inventory issues or establish where the invasion occurred. Containerization has significantly reduced incidents of theft over break-bulk shipping but with the increase in volume of international trade, this is still a common occurrence. The U.S. Government is also seeking improvements in the security of cargo imported through U.S. ports. With only 2% of the 600,000 containers entering the U.S. weekly being inspected, there is a substantial threat that dangerous materials or weapons of mass destruction could be imported via a container, potentially bringing commerce to a standstill. There are numerous U.S. Government agencies are becoming involved in the security initiatives and funds have been allocated to invest in new technologies.
4.3.1 Market Needs
The market has expressed the need to have more control in the transportation of their cargo through better information. This has manifested itself in the form of greater visibility and timely event notice so the appropriate corrective or scheduled actions can be implemented, to ensure an efficient supply chain. The areas that have been identified as lacking are:
- The need for accurate and timely visibility information instead of the existing event-based historical data.
- The requirement for improvement in the quality of data received through the current manual entry system.
- Confidence in the source of the information.
- The ability to apply a single visibility solution across all service providers involved in the end-to-end transport without expensive integration or outsourcing.
- The ability to receive visibility data in a consistent format across multiple service providers.
- Timely notification of a security breach to allow immediate inspection and the necessary corrective action.
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With Hyundai’s New EX8 Mighty Truck You Can Move Mightier Loads
Hyundai Automotive South Africa’s commercial vehicle range has received a healthy injection with the launch of the new EX8 Mighty truck, boasting several new features and an industry-leading factory warranty that makes it a formidable contender in its market segment.
The new EX8 Mighty – a successor of the previous HD truck – stems from a long, proud and successful tradition of building competitive commercial vehicles with notable strengths in Korea, the rest of Asia and the Middle East.
Assembled at Hyundai Automotive SA’s commercial vehicle factory in Apex, Benoni, The EX8 Mighty joins the ever-popular H100 (also referred to as Hyundai’s “Bakkie”) and the H1 panel van in Hyundai Automotive SA’s commercial vehicle range.
Hyundai Automotive SA’s Commercial Vehicle Division has its own truck body builder on site in Benoni that produces several standard and customized options according to the customer’s specifications. This includes van bodies, dropsides, tippers, tautliners, trailers and H100 tipper conversions. The truck body builder also does all kinds of repair work for customers.
More spacious cabin, better comfort and visibility
Compared to its predecessor, the EX8 Mighty’s interior space has been increased from 2,9m2 to 3,5m2. Storage space for driver and passengers has also been increased to 11,8 litres. Visibility from inside the cabin has been greatly improved by increasing the windshield size – an important feature, because better visibility ensures safer driving. The windshield height has increased by 20mm, and width by 70mm.
Also, the dash has been lowered by 80mm, allowing an increased visibility angle of 2,2 degrees. Interior space has been enhanced by increasing the interior cabin height to 1 490mm. The steering column now has forward-backward adjustment of 60mm, as well as height adjustment of 76mm – an altogether new feature that enables the driver to set the most comfortable and safest driving position.
Greater load-carrying capability
The longer wheelbase of the new EX8 Mighty has increased its versatility as a load carrier and resulted in a longer deck (4 850mm) that allows you to carry more freight and do fewer trips.
The Gross Vehicle Mass (GVM) of the new EX8 is 7800kg versus 7500kg of Hyundai’s main competitors, which also means you can carry more with the EX8 Mighty. The dropside version of the EX8 has a load capacity of 4 tons.
Various load carrying options according to customers’ demands are available, including a tipper conversion, closed bodies for secure transport of goods, and the very practical dropside body that ensures easy loading and off-loading of goods.
To summarise, we have a well-priced commercial vehicle that has:
- An industry-leading factory warranty of 4 years, with no limit to
- the mileage
- An extra 300kg GVM in comparison to competitors
- Service intervals that have been increased to 20 000km in order
- to reduce the cost of ownership.
Five EX8 derivatives, with keen pricing
Hyundai is launching the new EX8 in five derivatives at very competitive prices. They are the:
- EX8 LWB CC R379 500 (excl. VAT)
- EX8 LWB CC (with aircon) R394 500 (excl. VAT)
- EX8 Dropside R413 100 (excl. VAT)
- EX8 Dropside (with aircon) R428 100 (excl. VAT)
- EX8 SWB Tipper R451 500 (excl. VAT)
For more please visit.
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