Freight Transport: Mapping a Route to New Profitability

Spencer Steliga, the CEO and Founder of Shuddl, an AI-powered platform pairing unused freight space with shippers, available goods to reduce cost, waste, carbon use while increasing sustainability and logistics performance again joins Enterprise Radio. Listen to host Eric Dye & guest Spencer Steliga discuss the following: Yellow’s  recent announcement around it’s looming bankruptcy appears to have quite a few twists and turns – as well as a last minute surge in stock value.  Can you give our listeners a quick summary of how one of the nation’s leading less than truckload shippers has ended up in this circumstance? If Yellow were to declare bankruptcy, what would be the industry impact?  Would this further weaken our national freight delivery network? At first glance, this situation appears to have elements of inefficiency built into it.  Would you agree, and are there strategies for increasing efficiency and profitability that you would advise for the industry? In our earlier conversation, you spoke about artificial intelligence and your company’s mission to improve the LTL industry’s performance.  Would an AI technology have helped Yellow with its current situation – and what benefits can it deliver to the freight transport sector overall? Going broader across industries, do you see AI as a tool to better insulate companies from financial peril, or is it safer to say AI is a tool solely confined to improved technology performance? Spencer Steliga, is the CEO and Founder of Shuddl. A successful entrepreneur since the age of 15, Spencer Steliga is a problem-solver. That trait lead him to start his first of several businesses, and has made him uncannily prescient at using tech solutions to address issues in the shipping industry. Before founding Shuddl, Steliga put his talents to good use at Pinwheel Logistics, a boutique brokerage that grew from $30,000 in revenue to $12 million; and Flock Freight, a shared truckloads broker. After bootstrapping Shuddl, Steliga brought in $7.5 million in the first year. His industry-first, real-time, in-transit resource for live freight additions turns wasted space into revenue for professional drivers and allows companies to access capacity in motion, decreasing logistics costs while improving arrival time by 30%. Steliga has also founded Redturn, a sustainability incubator and resource for early stage impactful products and the ethical individuals behind them. Through both Shuddl and Redturn, Steliga looks for simple technology and design solutions to complex problems.