Technology
Einride's cabless truck hits the road in Ohio, Ease Logistics launches pilot
Einride announced on May 18 that its cabless electric autonomous truck has begun a proof-of-concept operation in Marysville, Ohio, transporting goods for Ease Logistics on private and public roads. The project is an extension of the Ohio Department of Transportation's $8.8 million truck automation corridor initiative.
From Satellite to Cellular-Connected Devices: The Evolution of Telematics
Since Omninet and Qualcomm pioneered satellite mobile applications in 1988, telematics technology has evolved from bulky, expensive devices to today's compact, plug-and-play units. As cellular networks replace satellites and GPS data becomes foundational, the term's definition is expanding to encompass broader 'fleet management' functions. Industry experts note that ELD mandates and the pandemic have accelerated technology adoption, while startups are exploring new uses for data, driving the industry toward real-time, intelligent development.
From Satellite to Cellular-Connected Devices: The Evolution of Telematics
Ten years ago, investment banker Solange Velazquez completed the first satellite-based telematics deal, when devices were large and installation took five days. Today, technology has evolved into small, plug-and-play devices with significantly reduced costs. Industry experts trace back to 1988, when Omninet partnered with Qualcomm to pioneer Ku-band satellite mobile applications; now, cellular networks have largely replaced satellite, and GPS data is considered "old school." The term telematics has expanded to encompass broader areas such as fleet management and compliance, with companies like ABF Freight using it as an umbrella term covering sensor and camera technologies. Although some businesses have yet to adopt technologies like GPS tracking, the ELD mandate and the pandemic have accelerated industry acceptance. Startups such as GenLogs are innovating location data applications through camera networks, pushing technology beyond traditional hardware.
Torc Robotics Appoints New Chief Financial Officer
Torc Robotics announced on May 12 the appointment of Tobias Wessels as Chief Financial Officer, succeeding Richard Kannan, who passed away in December last year. Wessels will oversee financial strategy to help the company scale its Level 4 autonomous trucks and advance commercialization.
Torc Robotics Appoints Tobias Wessels as New Chief Financial Officer
Torc Robotics announced that Tobias Wessels has been appointed Chief Financial Officer, effective May 12. Wessels will oversee financial strategy to help the company scale and advance the commercialization of Level 4 autonomous trucks.
Saia Establishes New Leadership Position in Artificial Intelligence and Data
Saia recently announced the creation of a new Vice President of Data and AI position, filled by Gautam Bhat, who will be responsible for driving the company's enterprise data strategy and the responsible application of AI, supporting the company's modernization and long-term growth.
Saia Establishes New Leadership Position in Artificial Intelligence and Data
Less-than-truckload carrier Saia announced the creation of a new Vice President of Data and Artificial Intelligence position, filled by Gautam Bhat. He will be responsible for driving the corporate data strategy and the responsible application of AI across the business, supporting the company's modernization, scaling, and long-term growth.
FedEx Board Approves Plan to Spin Off Freight Business
The FedEx board approved the spin-off of its less-than-truckload freight business, FedEx Freight, on Wednesday, marking a key step since the spin-off was announced in December 2024. Following the separation, FedEx Freight shares will list on the New York Stock Exchange on June 1 under the ticker FDXF. Industry experts noted that despite the startup nature of the spin-off, FedEx Freight is not a new entrant, and its brand usage agreement, technological readiness, and pricing innovation will support its independent operations.
FedEx Board Approves Freight Business Spin-off, FDXF to List on NYSE on June 1
The FedEx Corporation Board of Directors officially approved on Wednesday the spin-off of its less-than-truckload subsidiary, FedEx Freight, into an independent publicly traded company. Upon completion of the spin-off, FedEx Freight common stock will begin trading on the New York Stock Exchange on June 1 under the ticker symbol "FDXF." Although the spin-off is formally similar to the launch of a startup, industry observers point out that FedEx Freight possesses a mature brand license, customer base, and operational facilities, and its post-spin-off technology upgrades and new pricing system deserve more attention.
Amazon Supply Chain Services: A Logistics Giant in the Making?
On May 4, Amazon launched Amazon Supply Chain Services (ASCS), opening its transportation, delivery, and fulfillment network to all businesses. Experts believe that while this move will not immediately replace existing giants such as FedEx and UPS, it will pose a significant challenge to the industry given its vast infrastructure and bundled services. This article explores the impact of ASCS on competitors, the types of customers it suits, and early potential obstacles.