In the latest episode of "The Freight Caviar Podcast", we sit down with Cameron Ramsdell, the CEO of Armstrong Transport Group. He discusses strategies for protecting your business against fraud and how he grew Armstrong by 60% in one year.
Remember Argo AI, the self-driving car startup abandoned by Ford and Volkswagen? Well, guess what? The brains behind it are back, and they're diving into the autonomous trucking game with a cool $1 billion from SoftBank. Introducing Stack AV.
A Shifting Landscape
It might seem like an odd time to jump into autonomous trucking, given recent struggles in the industry:
Embark Trucks ran out of cash.
Alphabet shifted its focus from Waymo Via to ride-hailing.
TuSimple ponders leaving the U.S. market.
Incoming Stack AV
Meet Stack AV, the Pittsburgh-based startup with big plans. And they've got some real credibility.
Bryan Salesky, founder and CEO, knows the game.
They're swimming in SoftBank's cash pool.
But there's work to do. Even with their talent, catching up won't be a cakewalk, says Mike Ramsey from Gartner Inc.
A Financial Cushion
SoftBank's investment gives Stack AV a comfy financial cushion. The freeze-up of venture capital might be thawing, and that's good news for the industry. Stack AV wants to shake things up: boosting efficiency and safety, smoothing out supply chains, and maximizing transportation routes and energy efficiency. They've got their eyes on last-mile and middle-mile deliveries, too.
AI Powerhouse
SoftBank's not just throwing money at them; they're sharing their AI expertise to supercharge Stack AV's growth and tech developments. Kentaro Matsui from SoftBank says AI is the future, linking all social systems to solve complex issues.
Stack AV's leadership has decades of experience. With 150 employees in multiple states, they're rolling into the trucking space with confidence.
After months of speculation and rumors, Stack AV has shifted into gear to serve as the latest autonomous vehicle startup looking to accelerate the development of self-driving technology. Here's what comes next, according to CEO Bryan Salesky. https://t.co/5RdV5JERio
Hi! I'm Adriana and I've been working for FreightCaviar as Head Writer for a little over a year now. Some of my favorite topics to cover are FreightTech, Green Freight, and nearshoring/reshoring.
Thilo Huellmann and his team traveled 2,500+ miles, visiting key freight markets like Grand Rapids, Cincinnati, and Houston to discuss AI and automation with freight brokers. Here’s what they learned.
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