In this conversation, Adam and Josh discuss the evolution and impact of Logmaster, an EWD (Electronic Work Diary) logbook designed for truck drivers in Australia.
They explore the importance of compliance and safety in the transport industry, the company’s growth and market position, and the future of transport technology, including the rise of electric trucks.
Josh shares insights on user feedback, challenges faced by the company, and the potential for Logmaster to save lives, and wallets, through better management of driver fatigue and compliance.
Josh discusses the importance of real-time data in logistics, the safety and compliance challenges in the trucking industry, and his journey from working in rideshare to founding Logmaster. He emphasises the need for effective and personalised customer service and transparency in business. Josh also shares his aspirations to mentor future entrepreneurs.
Find out more about Logmaster on their site here https://logmaster.com.au/.
If you would like to find out more about investing or otherwise partnering with Logmaster you can contact Josh Saunders via Linkedin here.
Takeaways
- Logmaster replaces paper diaries for truck drivers.
- The app provides alerts to help drivers comply with regulations.
- Compliance is crucial for safety in the transport industry.
- The company is raising funds for international expansion.
- Logmaster currently holds approximately 10% of the market share (of vehicles on the road which require work diary compliance).
- User feedback is integral to product development.
- The future of transport includes electric and potentially driverless trucks.
- Logmaster aims to be the global leader in transport compliance technology.
- The company is focused on enhancing user confidence and safety. Real-time data can significantly reduce vehicle downtime.
- Logmaster prioritises driver safety and compliance.
- The trucking industry faces unique challenges with fatigue management.
- Josh’s experience in rideshare informed his approach to Logmaster.
- Customer service and support are critical for business success.
- Transparency builds trust with customers.
- A solid product is essential for referrals and growth.
- Mentorship can help new entrepreneurs navigate challenges.
- The digital age allows for efficient remote business operations.
- Investing in relationships is key, even in a virtual environment.
Sound Bites
- “Logmaster is an electronic replacement of that paper diary.”
- “It’s designed to help the driver not to make a mistake.”
- “Logmaster will potentially save lives.”
- “Real-time data makes a huge difference.”
- “Logmaster keeps the driver in check.”
- “We went from newcomer to market leader.”
Chapters
- 00:00 Introduction and Technical Issues
- 03:00 Understanding Logmaster: The Basics
- 06:02 The Importance of Compliance and Safety
- 12:02 Valuation and Future Growth
- 14:58 Market Position and Expansion Plans
- 20:11 Challenges and User Feedback
- 26:48 Future of Transport: Electric Trucks and Beyond
- 30:04 Real-Time Data and Efficiency in Logistics
- 35:51 Safety and Compliance in the Trucking Industry
- 41:50 The Journey from Rideshare to Logmaster
- 47:47 Future Aspirations and Mentorship in Startups
- 54:08 Customer Service and Business Integrity
