Overdrive

July 2018

Overdrive Magazine | Trucking Business News & Owner Operator Info

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July 2018 | Overdrive | 25 CALL US TODAY! ( 877 ) 557-8782 OUR NATIONAL INVENTORY ONLINE www.LKQHEAVYTRUCK.com SEARCH WE HAVE PARTS FOR THE LONG HAUL RECYCLED, RECONDITIONED, REBUILT, AND AFTERMARKET Untitled-2 1 12/6/16 9:02 AM Automation is coming to back-office processes much more quickly than it is likely to be implemented in heavy vehicles on public roads, industry economists said last month. Economist John Larkin of Stifel Financial and Noel Perry of Truckstop.com spoke at the Truckstop. com Connected conference in May on automation in trucking, particularly on how it's bearing down on brokers faster than truck drivers. Automation in location tracking, pricing, billing, invoicing and capacity sourcing (putting load choice more firmly into the hands of owner-operators with communications tools) is coming into place, the economists said. "The power of the tech- nology is so great that if you simply lay back and depend on your experience and relationships, you will fail," Perry said. Speaking to brokers, he said it's a question of whether they automate first or their competition — the new crop of technology-enabled new-entrant brokers. "You know what has to be built into that technology — you'll know how to use it to make your relationships, pricing and other expertise all that much better." Larkin offered a realistic counterpoint to prognosti- cators who say autonomous technology has the long- haul operator's livelihood in its short-term crosshairs. He said he understands the attraction to automated vehicles, noting that recruit- ing and employing quality drivers within the financial constraints on the trucking business is increasingly diffi- cult. Yet there will be oppo- sition on various grounds. For those who say they can put an 80,000-pound automated truck on a chaotic public road and do it safely, Larkin said, "getting highway safety lobbyists convinced of that is a big challenge. [There will be] opposition from the railroad industry, and organized labor will be gen- erally opposed. "I think the industry is going to be different 10 years from now than we see it today as a result" of automation, he said. But "OTR trucking and last- mile delivery will be the last things automated." – Todd Dills Brokers first to get automation impact, economists say

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