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Lytx Sets All-Time Record Revenue in 2020

Share this article SAN DIEGO, April 14, 2021 /PRNewswire/ Lytx ®, a global leader in video telematics solutions, today announced it achieved record revenue in 2020, driven by a 63% increase in new customers along with significant demand from current clients for its industry-leading machine vision and artificial intelligence (MV+AI) technology. The growth trajectory continued in Q1 2021 with Lytx reporting a new quarterly record of over 100,000 new and upgrade subscriptions to its best-in-class MV+AI technology. In a year filled with uncertainty, we accelerated our growth by focusing on delivering value to clients as they rose to the challenge brought on by the global crises of 2020, said Brandon Nixon, Chairman and CEO of Lytx.

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JOC Rankings: Truckload carriers trimmed fleets in 2020 as revenues slid

JOC Rankings: Truckload carriers trimmed fleets in 2020 as revenues slid | Mar 16, 2021 1:14PM EDT As the market careened downhill in the first half of 2020, many of the largest truckload carriers began reducing their fleets, and many did not begin adding trucks when demand returned and capacity tightened. Log In Register Register with JOC.com and receive 5 free pieces of content for the first thirty days. After thirty days, you will receive 3 pieces of content and after sixty days you will receive 1 piece of content. To receive full access, Subscribe Today. You can also subscribe to our daily newsletter.

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(USX) - Looking Into U S Xpress Enterprises s Return On Capital Employed

(USX) - Looking Into U S Xpress Enterprises s Return On Capital Employed
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Self-driving truck technology startup TuSimple nears stock offering

Self-driving truck technology startup TuSimple nears stock offering First public listing by an autonomous trucking company likely in early March 2 3,347 2 minutes read TuSimple is expected to file to become a public company as soon as next week. (Photo: TuSimple) Self-driving truck technology developer TuSimple expects to file a prospectus to sell public stock as soon as next week, according to published reports and people close to the situation. The company, with offices in San Diego and Beijing, has 50 Level 4 autonomous trucks running paid freight in Southwestern states. Those trucks still have a safety driver who can assume control of the vehicle if necessary. TuSimple is partnering with Navistar International Corp. (NYSE: NAV) to sell a long-haul autonomous truck by 2024.

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California Drivers Ask Appellate Court to Require Pay for Nondriving Work

California Drivers Ask Appellate Court to Require Pay for Nondriving Work A driver fuels a truck. (ImageegamI/Getty Images) A federal appeals court is being asked to overturn a lower court’s determination that state law does not require motor carriers to pay drivers separately for nondriving work such as inspections, refueling, and loading and unloading at docks, when drivers are paid on what’s known as a piece-rate basis. Industry groups are asking the court to uphold the earlier ruling, arguing that drivers’ compensation plans are inclusive of all of their work. The case, now being considered by the 9th U.S. Circuit Court of Appeals, began with a single complaint but has grown to a court-certified class of more than 1,000 California drivers.

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