Latest news with #TalkingTransports
Yahoo
a day ago
- Automotive
- Yahoo
Truck Parking Club's CEO Evan Shelley Shares Growth Story and Industry Insights on Bloomberg Intelligence Podcast
CHATTANOOGA, Tenn., June 10, 2025 /PRNewswire/ -- In a candid conversation with Bloomberg Intelligence senior analyst Lee Klaskow on the Talking Transports podcast, Truck Parking Club Co-Founder and CEO Evan Shelley revealed how a failed real estate deal transformed into a marketplace addressing one of trucking's most persistent challenges. From Real Estate to Marketplace Shelley shared how his attempt to develop truck parking on industrial property hit regulatory roadblocks despite clear market demand. "When the municipality shut me down even on industrial-zoned land, that's when the lightbulb went off – we needed a different approach," Shelley recalled. That realization led to the marketplace model, which now adds 8-10 properties daily through entirely inbound interest. The platform serves both sides equally, with a 50/50 split between owner-operators and company drivers whose employers increasingly recognize parking as a retention tool. Unexpected Discoveries and Market Insights The conversation revealed surprising developments in how the platform is being used: Average parking duration is 2-3 days, not just overnight Mid-size carriers use the service for strategic trailer placement Parking rates range from $20 daily average to $50-100 in premium markets Local drivers book monthly parking to avoid 45-minute commutes "We built a self-service app and our customers decided how to use it," Shelley explained. "The trailer placement business just emerged naturally – we never planned for that." Data Intelligence and Strategic Partnerships Beyond solving parking needs, the platform generates valuable insights. "We can watch parking demand move across the country like a heat map," Shelley revealed. "We're layering data to understand what drives these movements." Key partnerships accelerating growth include: Prime Storage (third-largest U.S. self-storage company) targeting 100 locations Logistics Plus and other 3PLs monetizing warehouse yard space 60 of the top 100 carriers with drivers actively using the platform Navigating Growth Challenges Shelley was honest about building a two-sided marketplace. "From proof of concept to product-market fit is gruesome," he admitted. "You're building the airplane while flying – the tech has bugs, operations is covering for it, and one bad review could sink you." Despite launching during a trucking downturn, the company has maintained rapid growth, reaching over 2,100 locations since 2022 and targeting 10,000+ within 20 months. Listen to the Interview The full conversation, including discussions about multi-day parking solutions, trailer placement services, and the economics of the truck parking marketplace, is available on: Apple Podcasts: Spotify: iHeartRadio: About Truck Parking Club Truck Parking Club is a network of instantly reservable hourly, daily, weekly and monthly truck parking locations throughout the US. Truck Parking Club helps connect truckers to truck parking locations throughout the US via and our mobile app. Our network is made up of property owners that have locations adequate for truck parking to list on the platform: this includes trucking companies, truck repair shops, tow truck companies, storage companies, CDL Schools, trailer leasing companies, real estate investors, truck stops, truck parking operators and more! Media Contact Reed Loustalot CMO - Truck Parking Club reed@ 423-275-4999 View original content: SOURCE Sign in to access your portfolio
Bloomberg
22-04-2025
- Business
- Bloomberg
Telling Trucking Fraud to Hit the Highway: Talking Transports
Fraud in the trucking industry has become a major issues for carriers, brokers and shippers alike. The Transportation Intermediaries Association (TIA) estimates that freight fraud costs supply chains over $1 billion annually in the US. The pandemic, market participant anonymity and ease has helped spark a new wave of cargo theft. In this Talking Transports podcast, Michael Caney, chief commercial officer of Highway, joins Lee Klaskow, Bloomberg Intelligence senior transportation and logistics analyst, to share his insights about how the company's technology based platform is fighting abuse in the industry. Caney also talks about types of fraud, the importance of knowing your customer, double brokering, dispatch services, rising costs for truckers and stumbling into the freight brokerage industry lead him to Highway.
Bloomberg
15-04-2025
- Business
- Bloomberg
Size Matters for Global Ship Lease's Fleet: Talking Transports
The global container liner industry is facing increased uncertainty stemming from the protectionist measures coming out of Washington. Trade between Asia and North America account for about 13% of global container trade, with the majority from China to US. In this Talking Transports podcast, Thomas Lister, CEO of Global Ship Lease, joins Lee Klaskow, Bloomberg Intelligence senior transportation and logistics analyst, to share his insights about its fleet of small-to-midsize containerships could provide some insulation from the growing trade war between the US and China. Lister also talks tariffs, potential for fees places on Chinese built ships, the orderbook, remaining disciplined through the cycle, capital allocation and how he talked his way into the marine shipping industry following graduation from university.
Bloomberg
01-04-2025
- Automotive
- Bloomberg
Chassis - The Unsung Heros of Supply Chains: Talking Transports
The chassis market is a critical part of the supply chain and many times can be overlooked. Freight markets could come to a halt without access to safe, reliable chassis. Chassis prices have almost doubled since tariffs were implemented in 2021. In this Talking Transports podcast, Daniel Walsh, president and CEO of TRAC Intermodal, joins Lee Klaskow, Bloomberg Intelligence senior transportation and logistics analyst, to share his insights about how the company is benefiting from technology investments. The ability to leverage artificial intelligence to ensure its fleet is properly maintained can lead to be customer experiences and prolong the life of these assets. Walsh also talks tariffs, demand drivers, regulations, inflationary pressures and how following his heart lead him to a career in transportation.
