Overdrive Magazine

September 2020

Issue link: https://dmtmag.uberflip.com/i/1283642

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14 | Overdrive | September 2020 Roadrunner sells truckload units, now LTL-only In its yearlong effort to ward off financial insolvency, Roadrunner Transportation Systems in August announced the selloff of three more of its truckload subsidiaries, leaving the company with its less-than-truckload operations. The Downers Grove, Illinois-based company also announced it had added Paul Svindland, chief executive officer for STG Logistics, to its board of directors. Svindland was CEO for Celadon when the Indianapolis- based company ceased operations last December. Since last November, the company has sold off its truckload, intermodal, flatbed and warehousing businesses and its Stagecoach Cartage subsid- iary. The divestitures include Rich Logistics, Integrated Services (ISI) and Roadrunner Temperature Controlled (RRTC Holdings). For 2019, Roadrunner reported a net loss of $266 million. Its former chief financial officer is under investigation for allegedly altering the company's financial statements. Frank Hurt, the company's president, said Roadrunner now has "the healthiest balance sheet in the company's history." — Overdrive Staff UBER FREIGHT now allows owner-oper- ators and small carriers to book dedicated lanes with shippers through its online portal. User can search for dedicated loads on specific lanes and choose the days they want to commit to a lane to have a consis- tent source of weekly revenue. The system will show fixed rates for the lanes for users to see what they will be paid for the agree- ment's duration. Dedicated lane commit- ment lengths vary, but the maximum length is three months. CONVOY ADDED a no-contract factoring service to its digital brokerage platform that offers carriers same-day or next-day payments for all loads, including a no-cost rate for loads from Convoy. For non-Convoy loads, factoring rates run between 1% and 2.99%. The service is available through the Convoy app, as is a fuel card that offers discounts at more than 1,000 U.S. stations, including TA-Petro, Ambest, Roady's and Sapp Bros. THE WOMEN IN TRUCKING ASSOCIATION'S annual Accelerate! Conference and Expo will be held online Nov. 12-13 due to COVID-19. The 2020 virtu- al event will feature more than 40 real-time educational sessions over two days. FACE MASKS ARE REQUIRED at all Pilot Company and TravelCenters of America locations to help slow the spread of COVID-19. Pilot offers masks for purchase to customers who do not have a face covering, and some locations have them available for professional drivers upon request while supplies last. Love's Travel Stops previously announced it would require masks. A PILOT COMPANY CAMPAIGN supports the Boys & Girls Clubs of America's efforts to serve children, families and communities in need during COVID-19. Customers are being prompted at checkout to round-up their purchases or make a donation of another amount, and 100% of the proceeds will benefit the charity. THE 2021 SHELL ROTELLA SUPERRIGS calendar will be a special edition, celebrat- ing the past 37 years of the event and featuring trucks from previous SuperRigs calendars. The 38th annual SuperRigs show was held in a virtual format for 2020. Its Best of Show winner will be featured in the 2022 SuperRigs calendar. PETERBILT 'S PLANT in Denton, Texas, is celebrating 40 years of operation. Peterbilt has built over 629,000 trucks at the plant, which employs over 2,500 people. TRUCKER TOOLS, a provider of freight matching and document management ser- vices, partnered with Oklahoma City-based TVC Pro-Driver to offer legal representation for independent truckers through the Trucker Tools app. TVC's subscription-based service also includes fuel discounts, roadside assis- tance and other benefits. TENNESSEE TRUCKER WINS MUSIC CONTEST John Malayter of Rogersville, Tennessee, won the sev- enth annu- al Overdrive- Red Eye Radio's Trucker Talent Search Aug. 28. He will receive a day's recording session at Jay's Place in Nashville, Tennessee. Malayter, a company driver for Jordan Carriers, will be profiled in Overdrive this fall. The other two finalists were truckers Paul Cullers and Freddy French. The three finalists each sang a song as part of a virtual event that was part of Overdrive's GATS Week, Aug. 24-28. Eric Harley of Red Eye Radio was the talent search finale's emcee. The 2020 contest received nearly 50 entries from truckers who love to sing. A panel of judges reviewed all the entries, and Overdrive featured 10 semi-finalists before selecting the three finalists. — Overdrive Staff Since last November, Roadrunner has sold off most of its divisions and now is in much better financial shape, says its president. John Malayter

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