* Illinois - Growth is real at virtual trucking firm
-- Calling Chicago “a transportation hub for America and an emerging tech center,” Echo Global Logistics CEO, Doug Waggoner, announced Thursday his company will double the number of employees it has in the city within two years... Waggoner said 550 workers would move from Skokie; that, with other new hires, would bring the firm’s total presence in the Chicago to 1,600 employees... Echo handles the transportation of products – but owns no trucks, trains, planes or ships. Waggoner said, “We’re kind of like a virtual trucking company” ... Echo started with 10 employees and a borrowed conference room in 2005. Today, Echo has 30 offices around the country and 2,500 employees. In May, Echo acquired Command Transportation, one of the largest privately held truckload brokers and non-asset-based transportation providers in the United States in a $420 million deal...
(Photo by Lee Bosch/The Sun-Times: Echo Global Logistics EO Doug Waggoner, with Nicholas Vacco, a national account manager at Echo offices in Chicago) -- Chicago, ILL, USA - The Chicago Sun-Times, by LEE BOSCH - 29 Oct 2015
** California - Keeptruckin raises $8M led by Index Ventures
-- For years, truckers have had to keep unwieldy paper log books in order to track their hours, which complicates fleet management for trucking companies because they have to sort through faxes and mailed documents... KeepTruckin is a San Francisco-based company that is trying to automate this with a pair of hardware and software solutions that will log hours in the background. They’ve just raised an $8 million round led by Index Ventures, which brings their total funding to $10.3 million after an earlier round led by Google Ventures... They have 150,000 drivers using their product so far, and are trying to grab the rest of the 4.5 million person market... Tomorrow, the federal Department of Transportation is supposed to finalized regulation for hardware that directly syncs with a vehicle’s engine to log driving times. KeepTruckin has a device ready to go with the new law...
San Francisco, CAL, USA - Tech Crunk, by Kim-Mai Cutler - 28 Oct 2015Labels: techno trucks, virtual trucking
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