Latest news with #TruckParkingClub
Yahoo
11-07-2025
- Automotive
- Yahoo
Truck Parking Club accepts strategic investment from CAT Scale Company
Truck Parking Club has accepted a strategic investment from CAT Scale, North America's largest truck weighing network, to make parking more accessible to truckers nationwide. According to a release emailed from both companies on Friday, CAT Scale is investing in Truck Parking Club to support its mission of addressing truck parking shortages. Chattanooga, Tennessee-based Truck Parking Club's network of instantly and reservable truck parking spans nearly 2,300 locations across the U.S. In June, the business announced it had doubled its network to offer over 40,000 reservable spaces in six months. CAT Scale, founded in 1977, currently has 2,275 weighing station locations in the U.S. and Canada. Its investment coincided with the Walcott Truckers Jamboree at Iowa 80. The strategic investment will help speed up Truck Parking Club's goal of reaching 10,000 Property Member locations by December 2026 and build upon its reputation as a trusted partner for truck drivers. 'We're humbled by CAT Scale's investment and that they see the value we bring to drivers,' said Evan Shelley, co-founder and CEO of Truck Parking Club, in the release. 'They've been stewards of the trucking industry for generations, building an incredible nationwide network and beloved brand through their unconditional guarantee.' 'Leveraging their knowledge and experience from building a trusted nationwide network will be invaluable as we continue building our truck parking network toward our goal of 10,000+ Property Member locations by December 2026,' he continued. A nationwide truck parking shortage currently forces drivers to spend an average of 56 minutes searching for safe, legal parking. With the strategic investment from CAT Scale, Truck Parking Club's goal is to shorten that search time to 10 minutes or less. 'After working years to add truck parking at our own truck stops, working with NATSO and personally lobbying in Washington for help, we see Truck Parking Club as the best solution and more importantly, it is available today,' said Delia Moon Meier, senior vice president at CAT Scale, in the release. 'Helping Truck Parking Club succeed is a material way we can help truck drivers.' The post Truck Parking Club accepts strategic investment from CAT Scale Company appeared first on FreightWaves. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-07-2025
- Automotive
- Yahoo
Truck Parking Club Accepts Strategic Investment from CAT Scale Company to Ramp Growth
Industry leader with nearly 50 years serving drivers supports marketplace solving critical truck parking shortage CHATTANOOGA, Tenn. and WALCOTT, Iowa, July 11, 2025 /PRNewswire/ -- Truck Parking Club announced a strategic investment from CAT Scale, North America's largest truck weighing network and one of trucking's most trusted brands. Since 1977, CAT Scale has built an unmatched reputation serving professional truck drivers with their unconditional guarantee and has scaled to 2,275 locations nationwide. Their investment brings nearly five decades of growth and operations expertise to support Truck Parking Club's mission of solving the industry's most persistent challenge: the truck parking shortage. The investment announcement coincides with the Walcott Truckers Jamboree at Iowa 80 Truckstop, a leader among truck shows in the US, further highlighting the deep connection both companies share with America's professional truck drivers. The partnership comes as Truck Parking Club has experienced explosive growth, doubling its network to 2,262 Property Member locations in just six months. With CAT Scale as a strategic partner, the company is positioned to accelerate toward its goal of 10,000 Property Member locations while building the level of truck driver trust. "We're humbled by CAT Scale's investment and that they see the value we bring to drivers," said Evan Shelley, Co-founder & CEO of Truck Parking Club. "They've been stewards of the trucking industry for generations, building an incredible nationwide network and beloved brand through their unconditional guarantee. Leveraging their knowledge and experience from building a trusted nationwide network will be invaluable as we continue building our truck parking network toward our goal of 10,000+ Property Member locations by December 2026." "After working years to add truck parking at our own truckstops, working with NATSO and personally lobbying in Washington for help, we see Truck Parking Club as the best solution and more importantly, it is available today." Said Delia Moon Meier, Senior Vice President at CAT Scale. "Helping Truck Parking Club succeed is a material way we can help truck drivers." The strategic investment helps us further address the nationwide truck parking shortage that forces drivers to spend an average of 56 minutes searching for safe, legal parking. Truck Parking Club's platform aims to reduce that search time to 10 minutes or less. Following in CAT Scale's footsteps, Truck Parking Club is committed to serving drivers and property owners with the same dedication and reliability for generations to come. About CAT Scale CAT Scale Company is the world's leading truck scale network providing guaranteed, accurate weights at over 2,275 locations in the U.S. and Canada. Founded in 1977 and headquartered in Walcott, IA; CAT Scale Company is the #1 choice for professional drivers when weighing their load. The Weigh My Truck app provides a guaranteed accurate weight delivered directly to your smart phone or in-cab device. See more at About Truck Parking Club Truck Parking Club is a network of instantly reservable hourly, daily, weekly and monthly truck parking at 2,262 locations throughout the US. Truck Parking Club helps connect truckers to legal 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 ContactReed LoustalotCMO - Truck Parking Clubreed@ View original content to download multimedia: SOURCE Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-06-2025
- 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
Yahoo
07-06-2025
- Automotive
- Yahoo
Truck Parking Club doubles network in under 6 months
Chattanooga, Tennessee-based Truck Parking Club recently announced it has surpassed 2,000 property member locations nationwide, a doubling of its footprint in six months. Part of the growth came from targeting diverse property types, from trucking companies and repair shops to storage facilities and real estate investors. 'This isn't just about hitting a number – it's about solving a decades-old problem that costs the trucking industry billions annually,' said Evan Shelley, co-founder and CEO of Truck Parking Club, in a press release. 'Every new location means drivers spend less time searching and more time earning. Our goal is clear: reduce parking search time to under 10 minutes per day.' The rapid expansion and milestone followed an announcement in February of the addition of industry veteran Brent Hutto as chief relationship officer, the position he formerly held at Truckstop. Part of the push is to build on driver momentum and turn it into enterprise-level relationships. Reed Loustalot, chief marketing officer at Truck Parking Club, said in an earlier interview with FreightWaves, 'Truck Parking Club grew organically and doing that we coincidentally have drivers in 60 of the top 100 fleets booking parking with us, and we have never talked to the fleets directly about having their drivers use our app. It's their drivers, their dispatchers and their fleet managers finding us.' Another advantage of being a truck parking aggregator is it's less expensive and turns otherwise unused parking locations into income production opportunities. Shelley wrote, 'New truck parking construction typically costs $100,000-$200,000 per space and takes years to complete, while Truck Parking Club can activate existing spaces within a day.' Looking ahead to the next milestone, the company is setting its sights on 10,000 locations. The Logistics Managers' Index's recently released May data showed a second consecutive month of expansion. The May LMI came in at 59.4 points, up 0.6 points from 58.8 in April. The m/m increase was impacted by inventories, which saw higher costs and slower movement compared to earlier in the year. The LMI is a diffusion index, with a score above 50 signaling expansion, while below 50 is a contraction. The interplay between warehousing costs and inventory levels was a big theme in May. Warehouse capacity fell 5.4 points in May to 50, while warehousing prices rose 0.2 points to 72.1, a strong expansion. 'This suggests that the inventories that were rushed into the country earlier this year are now static and holding them is expensive,' noted the report. The LMI transportation metrics were mostly stale, with movement less than 1 point. There were some nuances, according to the report. Capacity dipped slightly to 54.7, with upstream firms facing tighter space at 50 points compared to downstream firms' expansion of 65.3 points. Transportation prices rose more for downstream (66.7) than upstream (61.7), but the gap wasn't significant. Transportation utilization fell to 52.6 points, the lowest since November 2023. Despite lower diesel prices ($3.487 a gallon), a predicted import surge could stress intermodal and over-the-road networks, testing supply chain flexibility. On the import front, prognostications for an import boom similarly seen during COVID remain cloudy, due in part to American consumers having less cash than during the stimulus-fueled buying binge. The report adds that it was demand-driven, while the current surge in imports during Q1 was more supply-driven, as shippers tried to pull goods forward to avoid higher costs. 'Even though costs were high, there was a sense that they could grow higher in the future. Today, after several rounds of start-and-stop tariffs, shippers may doubt that the highest levels of threatened tariffs will ever come to pass. At the same time, costs are higher on imports from essentially every country than they were a year ago,' added the report. The post Truck Parking Club doubles network in under 6 months appeared first on FreightWaves.
Yahoo
28-02-2025
- Automotive
- Yahoo
Trump's tariffs are coming March 4th…or are they?
On episode 808 of WHAT THE TRUCK?!? Dooner is talking about Trump's tariffs on Mexico and Canada that are set to begin on March 4. Will they happen and will reciprocal tariffs happen in April? We get into the latest news on the trade war. The World Trade Bridge is celebrating its 25th anniversary and we're celebrating it with Port Laredo. Kent Richard smartens us up on how this crucial gateway works. Truck Parking Club has been scaling rapidly and building an all-star team. Brent Hutto jumped ship from Truckstop to Truck Parking Club early this week and we'll find out why he made the big move. We'll also get into the road to the Mid-America Trucking Show where we're teaming up. What FreightTech trends will dominate logistics and trucking in 2025? Trigent Software's Nagendra Rao breaks down their latest report. Plus, is it a good idea to get drunk in a semi truck trailer? Catch new shows live at noon EDT Mondays, Wednesdays and Fridays on FreightWaves LinkedIn, Facebook, X or YouTube, or on demand by looking up WHAT THE TRUCK?!? on your favorite podcast player and at 5 p.m. Eastern on SiriusXM's Road Dog Trucking Channel 146. Watch on YouTube Check out the WTT merch store Subscribe to the WTT newsletter Apple Podcasts Spotify More FreightWaves Podcasts The post Trump's tariffs are coming March 4th…or are they? | WHAT THE TRUCK?!? appeared first on FreightWaves.
