Company Performance Metrics
Barnacle is a community that matches drivers with people who need to send or receive shipments. Bulky or fragile items may be uneconomical to mail, or a hassle to wrap in packaging. Give them the unoccupied space in passenger vehicles!
Did you know the U.S. domestic shipping market is over $100B annually? UPS, alone accounts for $60B in
delivering goods 3-150 pounds that could mostly fit in passenger vehicles. With both FedEx and UPS launching rate hikes and dimension based pricing, we believe the time is right for a widely popular alternative, specifically Barnacle. Even getting 0.1% market share from UPS would be $60M. We can get this and more.
Our thesis is that overall customer satisfaction with the Big Box shippers like FedEx and UPS is waning and similar to how Lyft and Uber tapped into customers’ long brewing distaste for taxis, a similar moment is abreast for shipping
