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Source:http://www.dieselnews.com.au/
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This year has seen its fair share of autonomous trucking news, but the space shows little sign of cooling off. Earlier this month, a new competitor entered the arena, led by a team of industry veterans and backed by a prominent software company.
Ike, the latest company to emerge from stealth in the autonomous trucking world, wants to take a sober approach to developing the technology.
“We’re building a company focused very much on the long-term,” co-founder and CEO Alden Woodrow said. “In autonomous vehicles in particular, there is this tendency to really rush to try to get a product built. We’re trying to bring some patience and some maturity to this problem, in large part because this is a safety-critical technology.
“The trucks that Ike powers will be driving alongside many other people on the road, and we need to make sure they can do that safely and reliably.”
Ike’s name is a nod to President Dwight Eisenhower, who signed the Federal Aid Highway Act of 1956, enabling the construction of the Interstate Highway System. The company will develop technology strictly for highway driving.
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USA Truck of Van Buren announced Thursday it has acquired privately held Davis Transfer Company and related entities of Carnesville, Ga. Founded by Harry Davis in 1959, the company has about $50 million in revenues and has been managed as a full-truckload carrier for the past 20 years by Gary, Bill and Todd Davis. Todd Davis will join the USA Truck leadership team as a vice president.
The company will operate independently of USA Truck as a wholly owned subsidiary.
Davis employees and customers should notice little change moving forward, a news release states. Davis was named Florida’s Safest Carrier in both 2016 and 2017. Davis represents a unique opportunity to add capacity, loyal customers and exceptional drivers all of whom are committed to the continued strong performance of the business,” James Reed, president and CEO of USA Truck, says in a news release.
“The Davis family has been a great steward of the organization, with a strong track record of success and profitability, and this partnership reflects the next natural step in the progression and growth of Davis.” The transaction will be primarily funded with the company’s revolving credit facility and cash on hand with a minimal equity issuance provided to Todd Davis to ensure strong alignment with interests of USA Truck shareholders, The release adds.
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Source:http://www.swtimes.com/
Its a truckers dream, said Terry Jobe, Director of recruiting and sales at Graham Trucking. Graham has been in business for more than twenty years and runs 45 trucks out of Grenada and Nesbit, Mississippi. For our eastbound freight going out of this area, instead of going through Memphis and all the traffic, now we can hit 269 and come right out at Arlington on our Nashville runs, and save our drivers and our customers probably an hour or so a trip, Jobe said. Officials with Graham Trucking say the opening of 269 will cut down on the amount of time a trucker spends on the road which means it will be safer and they’ll be able to get home to their families sooner.
Getting our drivers back home, as important as it is for home time for our guys, we want to make sure that we get them back as quickly as possible and that hour means everything to their families, said Jobe. Jobe says truck drivers are looking forward to bypassing interstates like 55, 40, and 240, every chance they get.
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Source:https://www.localmemphis.com/
American Trucking Associations released the list of 34 professional truck drivers chosen as finalists for the 2019-20 term of America’s Road Team on Oct. The finalists hail from 22 states, haul a diverse assortment of products and materials and include shorthaul and over-the-road drivers operating in the lower 48 states. “ATA believes the men and women who work safely day after day to deliver our goods — truck drivers — are the best representatives of the trucking industry, and we are inspired by the finalists for the upcoming class of America’s Road Team,” President Chris Spear said.
“Throughout the evaluation process, we read and heard stories from truck drivers about pride, courage and selflessness — the kinds of stories we are excited to share with the public, media and elected officials.” America’s Road Team was created in 1986 to represent the industry and is sponsored by Volvo Trucks. “The trucking industry has millions of truck drivers who work tirelessly to safely deliver goods to our communities, so it is a major responsibility to represent that workforce as an America’s Road Team captain,” ATA Chief Operating Officer Elisabeth Barna said. “These finalists, and all the nominees, are valuable representatives for our industry, and we are looking forward to meeting them in January and welcoming a new team to join the proud legacy of being an America’s Road Team captain.”
The team will be chosen by industry officials and trucking news media representatives Jan. Finalists will be judged on knowledge of trucking, dedication to safety, ability to communicate the industry’s messages and overall safe driving record. To be nominated, drivers must be employed or leased to an ATA member company.
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James Stanchfield, who used to work for a carpet cleaning company, recently began a new career as a truck driver at IITR Truck School in Clackamas.
“I love to drive. I have since I was a little kid. When I get stressed or when I just want to clear my mind, I drive,” said Stanchfield.
According to the Oregon Trucking Association, there is a nationwide shortage of close to 50,000 drivers, which has local companies competing for a limited resource.
Stanchfield, for instance, got a job offer before he even completed his four-week course at IITR.
“We get calls daily on people needing drivers. Companies I never thought would hire entry level drivers are now hiring them,” said Amanda Watson, IITR’s School Director.
According to the OTA, trucks haul 70 percent of the nation’s freight, and close to 80 percent of the freight in Oregon.
A shortage of drivers means costs go up for companies shipping their products, and those costs are passed down to consumers.
“Everything they touch, everything they buy, everything they need, and everything they use is on a truck at some point,” said Jana Jarvis, president of the Oregon Trucking Association.
But the shortage of drivers turned into an opportunity for people like Stanchfield, who can step into a new job starting at between $19 and $20 per hour.
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Source:https://www.kptv.com/
A booming American economy coupled with failing infrastructure and a low-margin business reluctant to adopt new technologies have put stress on domestic logistics companies in the $900 billion market for U.S. Shipwell combines a marketplace for shippers to connect with freight companies and online tools to manage those shipments. In effect, the company is pitching a version of the proprietary logistics management toolkit that has made Amazon so successful, to any retailer or outlet. We coordinate the freight, we pay the truckers, we help optimize the fleets, says Shipwell president and co-founder, Jason Traff.
Those services and the companys growing business among small and medium-sized suppliers to the construction industry brought the Austin-based company to the attention of Fifth Wall Ventures, the Los Angeles based investment firm whose limited partners are among the biggest construction companies in the world. Shipwell’s full-service, digitized brokerage platform can streamline the way many of our Anchor LPs and portfolio companies approach large-scale freight shipping, the firms principal and newest Shipwell board member Vik Chawla wrote in a blog post announcing its most recent deal. The companys business isnt for big shippers that deal with thousands of shipments per-day, but rather the small and medium sized businesses that spend $100 million or less per-year on freight. And the small-fleet shipping companies that make up the bulk of the industry.
Beyond these, however, there are easy tie-ins within a number of key categories of Fifth Wall Anchors [sic] that regularly ship or receive freight—developers, of course, but also retail, office, homebuilding anchors. If you are doing $50 million in freight per-year then youre doing dozens of shipments per week, said Traff. Most of our freight is less than a truckload or a full truckload freight and its more long-haul. Supply chains were very complex and there was a lot of building to do, Traff said. Shipwell makes money by charging a commission on freight services and fees for its freight management software platform. This connective approach makes all of the difference in an industry with so many small companies at play, Chawla wrote. A surprising 89% of freight trucks in the U.S. are owned by carriers with fewer than five total trucks, and 99% of freight carriers possess fewer than 10 total trucks in their fleet. Despite the big business of freight shipping in the U.S., it’s actually a fragmented market of small businesses.
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Source: https://techcrunch.com/