Big business or small, you can utilize freight tech
It’s a new year and WHAT THE TRUCK?!? is back, kicking things off with a discussion about democratizing the freight-tech landscape.
Dooner and Michael Vincent begin on a solemn note, bringing news of Liam Salmon’s passing. Liam was featured on several WTT?!? episodes in 2020 for his courageous fight against an inoperable brain tumor.
Howard Salmon, Liam’s dad, shared the news and we remember Liam with a moment of silence; you can continue to support the family through their loss at Liam’s GoFundMe page.
Headlines
Market capacity has fallen slightly but is still tight to begin 2021, with high tender rejection rates and spot rates still dominating. Freight backlogs are continuing at ports, so U.S. import volumes are expected to also stay high.
Neil Kauhi has been sentenced for an elaborate $3.2 million fraud scheme that targeted 33 trucking investors; prosecutors say Kauhi used money garnered from family and friends on personal expenses, including his daughter’s wedding.
Ex-trucking executive Daniel Fruits has also been indicted on fraud charges after stealing nearly $14 million from his employer, Secure Transit LLC. Court documents allege Fruits spent the money on luxury cars, watches, a horse and a home.
Keeping small business up to tech standards
Moving a business forward is all about how you use tech, and William Guidry, chief strategy officer for Diversified Robotic, puts his focus on pusing small businesses using tech advances.
Guidry says Diversified Robotic is less about replacing people with machines and more about using software bots to automate how people work; automation streamlines the process and creates “a sustainable competitive advantage” for companies to differentiat low e them from competitors.
Another avenue for freight information
Podcast fans rejoice: Dooner and The Dude talk to Benjamin Kowalksi, sales coach at Southwestern Consulting, about his role as podcast host of Freight 360.
Kowalski says his goal is to produce content that provides different avenues for smaller companies to get training to increase sales and margins without spending too much on that training.
Amazon has some competition
Amazon has become synonymous with instant consumer gratification, but STORD is giving the e-giant some competition with options for smaller businesses.
STORD co-founder Jacob Boudreau joins the show to highlight how small businesses can efficiently connect the dots on their supply chain activity during the shipping process.
STORD has secured $46 million in total investments so far, using Chattanooga, Tennessee-based Dynamo as a jump-start for their company; Boudreau says he and his co-founder, Sean Henry, “locked ourselves in a room and cold-called companies” to get initial customers but now they’re moving faster than imagined.
You can find more WHAT THE TRUCK?!? recaps and recaps for all our live podcasts here.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now