Omnitracs

Truck Talk: Autonomous insurance edition

This week, we’re looking at what insurance for autonomous trucks might look like and how truck manufacturers are booking additional revenue by selling chargers and hand-holding advice with electric trucks.

Insuring the drive, not the driver

Autonomous trucking software developer TuSimple and Liberty Mutual insurance are working together to figure out how to insure a truck without a distracted, drowsy or otherwise human driver behind the wheel.

Truly driverless trucks are several years away, though...

https://s29755.pcdn.co/news/truck-talk-autonomous-insurance-edition

White Paper: 10 Actions You Can Take Today to Avoid Skyrocketing Insurance Premiums

With the average cost of truck insurance premiums rising 12%, fleets continue to feel the pain of double-digit percentage premium increases. In addition, nuclear verdicts are on the rise – from an average of $2.6 million in 2012 to $7 million in 2017 to more than $17 million in 2020 – putting many fleets out of business.

To help you avoid skyrocketing insurance premiums, we asked four leading executives from AON, ATTIC RRG, Cottingham & Butler and TrueNorth to tell us the actions you can take...

https://s29755.pcdn.co/news/white-paper-10-actions-you-can-take-today-to-avoid-skyrocketing-insurance-premiums

Amid cyberattacks, how does the supply chain stay resilient?

Trucking hauling intermodal containers to illustrate cybersecurity threats to the supply chain.

In a theme that has played out countless times in science fiction, from “Terminator” to “Star Trek,” the very technology that helps realize some of humanity’s loftiest ambitions can also be a source of serious headaches. In the global supply chain, the vast streams of information that allow a shipment of artisanal coffee beans to seamlessly transit from Kenya to Kentucky on trucks and a container ship also represent golden opportunities for hackers staging ransomware attacks.

Recent attacks on...

https://s29755.pcdn.co/news/amid-cyberattacks-how-does-the-supply-chain-stay-resilient

Vista’s SPAC exit of Omnitracs on ice

What a difference a few days make.

Earlier this month, Vista Equity Partners was in talks to combine its auto technology trio — Omnitracs, Solera Holdings Inc. and DealerSocket — to go public under blank-check firm Apollo Strategic Growth Capital (NYSE:APSG). 

Bloomberg reported on Thursday, however, that the potential $15 billion transaction has been halted, according to people familiar with the matter, and it is unclear if talks will continue. 

Reports are attributing this to the recent decline...

https://s29755.pcdn.co/news/vistas-spac-exit-of-omnitracs-on-ice

Vista eyes SPAC for another attempt at Omnitracs exit

The blank-check firm Apollo Strategic Growth Capital (NYSE:APSG) is in talks to combine three of Vista Equity Partners’ auto technology companies to go public, according to a Bloomberg report. The portfolio companies — Solera Holdings Inc., DealerSocket Inc. and Omnitracs — are reported to be valued at $15 billion and could reach a deal within weeks.

The SPAC combination would be at least the fourth time Vista has tried to exit its investment in Omnitracs, and a merger with Vista portfolio...

https://s29755.pcdn.co/news/vista-eyes-spac-for-another-attempt-at-omnitracs-exit

Trucking owner sentenced for falsifying ELD logs following fatal crash

Damir Sisic, owner of Sisic Transport, sentenced

The former owner of a Rhode Island trucking company was sentenced to three years of probation after admitting he routinely altered thousands of entries collected by his trucks’ electronic logging devices (ELDs) to conceal drive time and on-duty hours for his drivers. 

Damir Sisic, 29, of Woonsocket, Rhode Island, owner of now-defunct Sisic Transport Services (STS), pleaded guilty to conspiracy to falsify federal records in U.S. District Court in Rhode Island in October 2019. U.S. District Court...

https://www.freightwaves.com/news/trucking-owner-sentenced-for-falsifying-eld-logs-following-fatal-crash

Survey: 30% of drivers fully satisfied with their ELD

Road Hunter surveyed its app users for ELD provider information.

Based on a recent survey, there is a market for potentially 70% of truck drivers surveyed to switch electronic logging device (ELD) providers, said Road Hunter founder Mikhail Dzarasov.

In an interview with FreightWaves, Dzarasov said he conducted a survey among Road Hunter’s app users to find out more about their ELD providers with the intent to form new partnerships with major providers. Those strategic partnerships, he said, would enable Road Hunter to give its users more useful information. 

D...

https://www.freightwaves.com/news/survey-30-of-drivers-fully-satisfied-with-their-eld

Best transportation companies for female employees named

The Women In Trucking Association (WIT) has released its 2020 list of the top transportation companies for females.

The annual Top Companies for Women to Work for in Transportation list was created by WIT magazine Redefining the Road in 2018 as part of its mission to promote the accomplishments of businesses focused on the employment of females in the trucking industry.

Companies making the list this year were listed alphabetically, beginning with AGT Global Logistics, founded and led by Angela...

https://s29755.pcdn.co/news/best-transportation-companies-for-female-employees-named

Navistar opens its trucks to more telematics providers

International LoneStar truck

More fleets are demanding technology providers move to an open architecture world, and the same is true of truck manufacturers. The days of installing hardware to make telematics and other advanced technology systems operate are quickly becoming a thing of the past. The world of open architecture has arrived in trucking.

“The open platform concept seems to be getting quite a bit of traction,” Clem Driscoll, founder and principal of C.J. Driscoll & Associates, a technology consulting firm, told...

https://s29755.pcdn.co/news/navistar-opens-its-trucks-to-more-telematics-providers

The Daily Dash: Rates are rising

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, spot rates are climbing quickly across the country as capacity continues to tighten. Plus, a specialized hauler thrives during COVID-19 and Omnitracs gets a ratings review following its announced acquisition of SmartDrive.

Runaway rates

Freight rates continue to rise, with nearly half the lanes in the country seeing per-mile rates above $3. That means carriers are being more selective about what they...

https://s29755.pcdn.co/news/the-daily-dash-rates-are-rising

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