This week we are taking a look at how one company is connecting trucking and logistics with the internet of things. We also have some insight into the growth of the trucking industry. Read on!
I. FourKites builds software to help shippers, logistics providers, and freight brokers keep track of trucks, cut down on wait times at loading docks and boost the efficiency of loads. The Chicago-based company has just announced that they have raised 13 million in a Series A funding round. Mathew Elenjickal, founder of the company, says his company can help companies with data. “We can collect all this data from all these different mediums of devices and build applications on top of it.”
II. Business Insider is sharing an in-depth look at Reverse Logistics. The report examines the strategic reasons why retailers should implement a reverse logistics function and discusses the industries that are most at risk.
III. Ralph Neopolitan, a 10-year mechanic at UPS in Louisville, Kentucky, shares why the UPS union is fighting for better healthcare. “Every day I go to work to service the planes that are essential to UPS’s success and to customers all over the world getting their important deliveries like textbooks, medicine and building supplies on time. Without operational aircraft, these important deliveries and holiday gifts won’t be delivered on time. I take my job very seriously, but it takes a toll on my body.” The union is unhappy that UPS is calling for a massive reduction in both active and retiree health benefits for 1,200 maintenance workers.
IV. The American Trucking Associations (ATA) projects freight volumes will increase by nearly 29 percent over the next 11 years. ATA Chief Economist Bob Costello is releasing more insight and data in the U.S. Freight Transportation Forecast to 2026. Forecast, a collaboration between ATA and IHS Global Insight, projects a 28.6 percent increase in freight tonnage and an increase in freight revenues of 74.5 percent to $1.52 trillion in 2026.
Image Credit: Four Kites Blog
As of September 8, 2020, Crimson & Co (formerly The Progress Group/TPG) has rebranded as Argon & Co following the successful merger with Argon Consulting in April 2018.
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