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New Investment Partnership Brings Truck Platooning One Step Closer

Whether truck platooning eventually becomes a realistic and viable cost-saving plan for trucking in the years ahead will be largely dependent upon investment and research by interested partners. A new agreement between Peloton Technology and Lockheed Martin suggests that the concept will certainly see the benefits of further exploration.

Lockheed Martin Expedited FreightPlatooning is ultimately simple and has origins in cycling and auto racing with the origin of Peloton's name being the tightly interwoven pack in cycle racing. In simplest terms it involves efficiently operating trucks on a highway in very close proximity where one vehicle will follow another at a specific distance via radar and wireless communication to create the equivalent of a highway train.

The agreement that was announced stated that Lockheed Martin will be joining a $17 million consortium of investors to explore and evaluate the technology being brought to market by Peloton Technology from Mountain View, California. It's a natural fit for Lockheed Martin who boast a historic commitment to the development of autonomous vehicles and driver assistance technology.

About Peloton Technology: Peloton is an automated vehicle technology company that utilizes vehicle-to-vehicle communications and radar-based active braking systems, combined with sophisticated vehicle control algorithms, to link pairs of heavy trucks. The safety systems are always active, and when the trucks are out on the open road, they can form close-formation platoons. The system controls braking and acceleration, similar to adaptive cruise control, and drivers remain fully engaged and retain steering control. The dramatic reduction in aerodynamic drag in these platoons provides unprecedented fuel economy savings for both the trailing and the leading truck.

Expedited Freight Platooning

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Growing pains are a reality in every industry, and expedited freight is no exception. As the market evolves and public policy changes, trucking companies of all stripes must adapt or risk going out of business. The American Transport Research Institute (ATRI) recently published a report on the challenges that carriers must deal with going forward.

THE RISE OF EXPEDITED FREIGHT JOBS

In today's fast-paced logistics world, getting things delivered on time is very important for both businesses and consumers. With the increasing demand for rapid delivery services, expedited freight has become an essential component of the supply chain.

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Modern day hot shot trucking provides the speed and exclusivity you need to meet the most demanding and time-sensitive shipping requirements. We use every resource, avenue, and channel available to ship your freight by ground or air. Designed specifically to address supply and distribution problems that arise without warning, hotshot trucking tactics involve coordinating a network of carriers in a variety of locations. By calling on the vehicles closest to your supply or distribution points, hotshot brokers can fill any sudden gaps in your supply network almost as soon as they happen. This minimizes the disruption to your business and allows you to quickly return to ordinary operations, weathering the storm without skipping a beat.

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Oil & Gas

The oil and gas industry faces challenging conditions in offshore and onshore oil rigs, often in remote locations with limited infrastructure. Don’t let oil pumps or pipelines sit idle waiting for equipment. By having the right plans, parts, people, and logistics partner like HotShotTrucking.com, you can effectively mitigate plant or pump downtime, unscheduled disruptions, and equipment failures.

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