Oct 26, 2023

Food Purchasing Habits at Truck Stops

We surveyed our community of truck drivers to learn about their food purchases at truck stops.

An Overview of Alternative Fuel Trucks and How They Are Revolutionizing the Trucking Industry The trucking industry, which plays a vital role in the global economy in transporting goods across vast distances, is facing a significant challenge. With the rising costs of traditional fuels, insurance and maintenance, the cost of operating a truck is <a href="https://truckingresearch.org/2023/06/an-analysis-of-the-operational-costs-of-trucking-2023-update/">increasing year over year</a>. Among these increasing expenses, <a href="https://www.ttnews.com/articles/atri-cost-trucking?utm_source=logisticsB&utm_medium=newsletter&utm_campaign=newsletter&mktId=15533167&mkt_tok=OTA1LUJCVy04NzYAAAGMh1CMLfQv7GxQJmMyS0ZJK-BumFeZLjbLjHBJphheKHuEDPiQWw9DuYXkPUJ-At2B4nkw2rGloUwNOnotzZeufVHxwLtm50r0lz6sBfE4Bp5QXg">rising fuel costs</a> (53.7% higher than in 2021) are of the biggest concern.. While <a href="https://truckerpath.com/discounted-fuel-deals/">fuel savings programs</a> have emerged, trucking companies are actively seeking sustainable and cost-effective solutions to power their fleets and reduce the cost of trucking. In recent years, alternative fuel trucks have emerged as promising options, offering environmental benefits and reducing operating costs. According to an ATRI report in 2022, <a href="https://www.ttnews.com/articles/atri-cost-trucking?utm_source=logisticsB&utm_medium=newsletter&utm_campaign=newsletter&mktId=15533167&mkt_tok=OTA1LUJCVy04NzYAAAGMh1CMLfQv7GxQJmMyS0ZJK-BumFeZLjbLjHBJphheKHuEDPiQWw9DuYXkPUJ-At2B4nkw2rGloUwNOnotzZeufVHxwLtm50r0lz6sBfE4Bp5QXg">8.2% of respondent fleets</a> included at least one truck powered by an alternative fuel source, an increase from 7% in 2021. Let’s take a closer look at some of the most popular alternative fuel trucks that are transforming the trucking landscape. 1. Compressed Natural Gas (CNG) Trucks Compressed Natural Gas (CNG) trucks have gained considerable popularity as one of the leading alternatives to conventional diesel-powered vehicles. In fact, they were the most popular alternative fuel option according to the ATRI survey, at 6.2%. <a href="https://www.treehugger.com/what-is-cng-fuel-6502399#:~:text=What%20Are%20CNG%20Vehicles%3F%20Natural%20gas%20vehicles%20are,or%20diesel%20when%20natural%20gas%20is%20not%20available.">CNG</a> is a clean-burning fuel that is abundant and domestically available. It has grown in popularity as the choice of alternative fuel due to low natural gas prices versus high diesel fuel rates. Besides being much cheaper and resulting in lower operating costs for trucking companies, CNG trucks also produce significantly lower emissions than gasoline and diesel trucks, contributing to improved air quality and reduced greenhouse gas emissions. 2. Battery Electric Trucks Battery electric trucks are another emerging alternative fuel option that holds great potential for the trucking industry. They produce zero tailpipe emissions and have the potential to reduce the carbon footprint of the transportation sector significantly. They also deliver a much <a href="https://traton.com/en/newsroom/current-topics/why-the-battery-electric-drive-represents-the-future-for-trucks.html">higher level of fuel efficiency</a> and are also much more cost-effective on long-haul routes. Although battery electric trucks have been slower to gain traction in the heavy-duty trucking market due to the limitations of battery technology (such as range and charging infrastructure),ongoing advancements are rapidly improving their viability. As battery technology improves and charging infrastructure expands, electric trucks are expected to play a crucial role in the future of freight transportation. 3. Liquefied Natural Gas (LNG) Trucks Liquefied Natural Gas (LNG) trucks are another alternative fuel option and are fueled by natural gas that has been cooled to a liquid state, making it easier to store and transport. LNG trucks, similar to most alternative fuels, offer environmental benefits by emitting lower levels of greenhouse gases. They also provide longer driving ranges than CNG trucks, making them suitable for long-haul applications. However, the infrastructure for <a href="https://www.energy.gov/fecm/liquefied-natural-gas-lng">producing, storing, and distributing LNG</a> is still developing, which can be a limiting factor in the widespread adoption of these trucks. 4. Hydrogen Fuel Cell Trucks <a href="https://www.baesystems.com/en-us/definition/what-is-a-hydrogen-fuel-cell-truck">Hydrogen fuel cell trucks</a> are at the forefront of cutting-edge technology in the alternative fuel trucking landscape. These trucks use hydrogen gas, which is combined with oxygen from the air in a fuel cell to produce electricity, which powers the vehicle. One major benefit of hydrogen fuel cell trucks is that they produce zero harmful emissions, as the only byproduct of the energy conversion process is water vapor. However, several challenges hinder widespread adoption, including the high cost of hydrogen production and the limited hydrogen refueling infrastructure, due to hydrogen fuel cells being a relatively new technology. However, as technology advances and the hydrogen ecosystem continues to develop, hydrogen fuel cell trucks may soon become a game-changer in the trucking industry. The Trucking Industry is Changing As we speak, the trucking industry is undergoing a transformation as the demand for more sustainable and cost-effective transportation solutions rises. Alternative fuel trucks offer a promising path forward, providing environmentally friendly options to combat rising fuel costs. As technology continues to progress, these next generation options will undoubtedly become more accessible and prevalent, revolutionizing the trucking industry.

Aug 10, 2023

Trucker Path Provides Quick Access to Spot Cargo Insurance for App Users Powered by MiKargo247, all-risk coverage is now available as single trip policies and per load pricing PHOENIX – September 26, 2023 – Trucker Path, a subsidiary of leading global SaaS provider, Moatable, Inc. (NYSE: MTBL) and the most comprehensive and relied upon mobile app for North American truckers, today announced that it continues to expand its Trucker Path Marketplace offering with spot cargo insurance powered by MiKargo247. Using the Trucker Path Marketplace, North American truckers can have MiKargo247’s all-risk coverage cargo insurance for up to $1 million per load. According to <a href="https://www.dat.com/blog/transportation-tuesday-tip-7-avoid-paying-out-of-pocket-for-under-or-uninsured-cargo">DAT</a>, it is estimated that up to 90% of cargo on the road is underinsured or not insured at all. MiKargo247 understands from their underwriters that this represents $15+ billion in damages that cannot be recovered. The partnership between Trucker Path and MiKargo247 allows drivers and owner operators to fully participate in the freight market by meeting insurance requirements and having reliable protection. “With spot cargo insurance powered by MiKargo247, the Trucker Path community has instant access to policies that can protect their loads beyond standard coverage,” said Chris Oliver, CMO at Trucker Path. “With these single trip policies and per load pricing, drivers and owner-operators can control their costs by choosing which loads to insure, and coverage amounts. This addition to the Trucker Path Marketplace supports truckers with an essential product that is easy to access, helps them operate more cost effectively, and provides peace-of-mind knowing their cargo is properly insured.” Following the Trucker Path Marketplace model of making business easier for the driving community, obtaining coverage is a simple click on on the spot cargo insurance icon in the Trucker Path Marketpace and then entering cargo information. Per-trip spot cargo insurance offered by MiKargo247 covers all risks and provides broader coverage for commodities typically excluded by other cargo policies. “MiKargo247 insurthech provides end-to-end spot cargo insurance as a readily-accessible solution for Trucker Path users is a natural fit and solution,” said Michele McGinnis, co-founder and CEO at MiKargo247. “Having the ability to include cargo protection as part of the trip planning process offers an added convenience for drivers so they can focus on their journey.” Benefits of spot cargo insurance powered by MiKargo247 to the Trucker Path community include: • Access to higher paying loads that need higher cargo coverage • Access to commoditities typically excluded by standard cargo policies • Quotes are generated in seconds and binding coverage can be issued in less than two minutes • No waiting for agent or underwriter approval of commodity and limit • No sign-up or subscription is required • Simple online claim service The insurer also provides phone, email and text customer support, and online claim reporting services. MiKargo247 is underwritten by Roanoke Insurance Group Inc. with underwriting authority provided by A-Rated Munich Re Syndicate Ltd. – Syndicate 457 at Lloyd’s of London. Carriers interested in learning more about Trucker Path’s spot cargo insurance offering powered by MiKargo247 can visit www.mikargo247.com/truckerpath/. About Trucker Path Phoenix-based Trucker Path is the provider of a wide range of truck driver-centric mobility products. A subsidiary of leading global SaaS provider, Moatable, Inc. (NYSE: <a href="https://www.prnewswire.com/news-releases/moatable-announces-name-change-from-renren-inc-to-moatable-inc-301856263.html#financial-modal">MTBL</a>),the Trucker Path app is currently in use by nearly 1 million professional truck drivers. Offering best-in-class navigation with truck-optimized routing, the Trucker Path app also provides access to vital up-to-date information about truck stops, real-time parking availability, fuel prices, weigh station statuses, and truck scales and wash locations. The company also offers TruckLoads, a digital freight exchange that connects drivers, carriers and brokers; and COMMAND™, the industry’s first and only Operations & Driver Relationship (ODR) platform that provides small to mid-size fleets with the necessary driver and TMS technologies to successfully run a fleet. For more information, visit www.truckerpath.com. Media Contact: Susan Fall LaunchIt Public Relations 858-490-1050 susan@launchitpr.com

Sep 26, 2023

Trucker Path Increases Load Exposure for MercuryGate TMS Customers Digital integration enables greater and more efficient access for brokers to nearly 1 million Trucker Path app users PHOENIX – August 29, 2023 – Trucker Path, a subsidiary of leading global SaaS provider, Moatable, Inc. (NYSE: MTBL) and the most comprehensive and relied upon mobile app for North American truckers, announced today that a direct connection for digital load posting is now providing brokers using MercuryGate software with increased exposure for their available loads to North America’s largest carrier community. “With a direct digital load posting integration via API we are facilitating greater access, faster transactions, and enabling several new features for brokers using MercuryGate,” said Chris Oliver, CMO at Trucker Path. “Our collaborative integration increases the exposure of available loads to qualified capacity, streamlines freight matching, and drives time savings and efficiency -- creating additional revenue generating opportunities for both sides of the transaction.” For carriers using Trucker Path’s TruckLoads digital freight exchange the new MercuryGate integration provides the ability to quickly and easily view available loads, the opportunity to book loads instantly, and the capability to communicate with brokers directly via their MercuryGate TMS where they spend the majority of their time. “MercuryGate’s Smart Transportation platform is intentionally designed so that our users can seamlessly leverage the most effective transportation management tools to meet their business needs,” said MercuryGate Chief Strategy Officer Jeffrey Varon. “We’re pleased to advance our partnership with Trucker Path and make it easier for brokers and carriers to instantly connect freight with available capacity. As a result, our customers can cover more loads, fill more empty miles and eliminate time-consuming procurement processes that drive up cost.” This API connection allows MercuryGate users to quickly and easily post available loads to the Trucker Path community representing nearly a third of North American carriers. With direct API digital load posting these brokers are able to expand their load visibility and form relationships with Trucker Path’s carrier network. TMS providers and brokers interested in integrating with Trucker Path can email brokersoftware@truckerpath.com. About MercuryGate MercuryGate provides powerful transportation management solutions proven to be a competitive advantage for today’s most successful shippers, 3PLs, brokers and carriers. The comprehensive Software-as-a-Service (SaaS) product suite natively supports all transportation modes and segments, generating value for its users through improved cost, productivity and efficiency using artificial intelligence (AI),machine learning (ML) and connected technologies to adapt and automate transportation management functions. Learn how MercuryGate makes shipping intelligent, simple, sustainable and transformative for customers at www.mercurygate.com. About Trucker Path Phoenix-based Trucker Path is the provider of a wide range of truck driver-centric mobility products. A subsidiary of leading global SaaS provider, Moatable, Inc. (NYSE: MTBL),the Trucker Path app is currently in use by nearly 1 million professional truck drivers. Offering best-in-class navigation with truck-optimized routing, the Trucker Path app also provides access to vital up-to-date information about truck stops, real-time parking availability, fuel prices and discounts, weigh station statuses, and truck scales and wash locations. The company also offers TruckLoads, a digital freight exchange that connects drivers, carriers and brokers; and COMMAND™, the industry’s first and only Operations & Driver Relationship (ODR) platform that provides small to mid-size fleets with the necessary driver and TMS technologies to successfully run a fleet. For more information, visit www.truckerpath.com. Media Contact: Susan Fall LaunchIt Public Relations 858-490-1050 susan@launchitpr.com

Aug 30, 2023