Drilling Deep: a freight tech startup got lots of money; what did it do with it?
Maven Machines succeeded in raising that much money this year to invest in its cloud-based freight software, which includes an ELD product and machine learning-driven route optimization. It also hired a lot of people.
Its founder and CEO Avi Geller joins host John Kingston on the Drilling Deep podcast this week to talk about where his company is headed, what it’s been able to do with greater funding and the functionality that he finds his trucking customers want in their information systems.
High Freight Demand Provides Momentum for Trucking Industry
Economic indicators suggest the trucking industry could be poised for growth in 2021, after the coronavirus pandemic caused a topsy-turvy year in 2020 marked by unpredictable demand and continued uncertainty in the driver pool.
“The overall outlook of the trucking industry is trending in an optimistic direction, and it has been for months despite the shortage of drivers,” Maven CEO Avi Geller told Transport Topics.
From the ELD data: Drivers wade slowly into new HOS split options as 30-minute break violations dip
Regarding the 30-minute break, nearly all ELD providers interviewed in recent weeks reported a sizable dip in detected violations for skipping the required break — now mandatory within the first eight cumulative hours of drive time rather than the first eight on-duty hours as before.
“That’s one piece of data that caught our eye,” said Avi Geller, CEO of Maven Machines, an ELD and telematics provider. “The number of violations for missing a 30-minute break is down 55% from what it was. That’s only based on one month of data, but it’s pretty dramatic.”