Celadon’s bankruptcy is also interesting because it followed on the heels of the SEC charging the company with accounting fraud in April, and on December 3, the SEC indicted William Eric Meek – Celadon’s former President and Chief Operating Officer, and Bobby Lee Peavler, Celadon’s former Chief Financial Officer on charges of corporate fraud and accounting malpractice. As I read the replies from other folks it occurred to me that most of you have not been around trucking for very long. 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Also, TuSimple announced a pilot with the U.S. For example, over the course of 2018 and 2019, Embark and Plus.ai reported milestone accomplishments in developing technology for autonomous trucks, with each reporting successful tests of that technology in cross-country trips. Trucking companies that operate in the spot-market are in a position of weakness relative to shippers, and the volume of ecommerce shipments does not matter if every extra shipment is a loss-creating shipment for the trucking company that transports it. His background covers the gamut from scientific research, data and statistical analysis, corporate development and investing for a single-family office, and then building an early stage venture fund from scratch - immediately prior to REFASHIOND. My concerns are that regulations are not well thought out to plan for our economy’s future. What happened at Celadon is nothing more than mismanagement of the company which caused them to file bankruptcy. Hunt trucks parked in the lot. After being in this industry a year….no way would I live in a city and hope a truck might be doing farm to table by the time I retire. As Amazon Logistics’ capabilities have increased, it has started competing more directly and robustly with UPS and FedEx. VIRTUAL INDUSTRY DAY FOR FLETC TRAINING MANAGEMENT SYSTEM (December 18, 2020 | Online) Nuclear Command, Control and Communications (NC3) NC3 Enterprise Center (NEC) (January 13, 2020 | Online) Past Events. In fact, nearly every good consumed in the U.S. is put on a truck at some point. U.S. Army Corps of Engineers, Portland District FY 21 Industry Day (October 20, 2020 | Online) That news has been very well covered by FreightWaves and other news outlets. Do you think the next two or three years will be business as usual in the trucking industry, or do you think we may be witnessing significant changes taking place in the industry? Postal Service, Carrier profits surge thanks to pandemic freight boom, FreightWaves Classics: Trucking companies’ names range from A to Z (Part 4), Designing for freight tech: Q&A with Uber Freight’s new head of design, FreightWaves Classics: Trucking companies’ names range from A to Z (Part 3), FreightWaves Classics: Trucking companies’ names range from A to Z (Part 2), The Daily Dash: Broker transparency fight rages on. Things move forward and times change. While I’m not completely secured with my job I still feel better than what I would working for another company. Once we do and avoid government-enacted operating costs which now rise every year regardless, they knock us down and shove new restrictions, regulations, and unrecoverable operating costs on us as they sit back and belly laugh at our efforts to remain solvent. His article describes what is happening in detail. You either readjust with the time (XPO logistics) or you loose (CF). Sponsored by American Trucking Associations. Indiana Convention Center On December 18, Convoy announced that it had reached 100% automatic freight brokering in top freight markets. “What we really need to do is find an effective way to limit the government’s abilities in interfering with Free Trade and Free Commerce within these United States.”. The news we pay attention to every day is a harbinger of how events will unfold in the near future. Is it the company, the network it uses, the malfunctioning cell tower, the weather that blocked the signal, the software it runs, the programmer, or the truck manufactor(look at Winchester guns in Connecticut). Profit margins in the general freight trucking industry are thin. Loose ( CF ) on October 29, logistics as a lambda function to see one. Around trucking for very long it occurred to me that most of you have not been around trucking very. Is being stripped from us as we focus on the heels of the CFA.! 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