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The company's clients include waste management and sanitation companies, trucking and distribution, government and municipality vehicles, passenger transit, construction, utilities, telecom and field services. Lytx also provides compliance services for trucking fleets regulated by the U.S. Department of Transportation. [1] [2] [3]
The trucking industry was deregulated in the 1970s, encouraging independent truck drivers and small companies to find extra loads rather than returning empty. Jubitz noticed drivers hanging around his truck stop after the usual meal and shower, hoping to find a load.
This results in a "revolving door" within most long-haul trucking companies, as drivers are constantly switching jobs or leaving the industry. In the short-haul and less-than-truckload (LTL) sectors, driver turnover is only around 15%, [83] mainly due to the better working conditions, higher pay, and unionized workers.
Ryder's fleet management business is its largest business segment, accounting for 61% of the company's total revenue of $2.3 billion, or $1.4 billion for Q4 of 2019. [21] This arm of the business does contract-based full-service leasing, contract maintenance, commercial rental and fleet support services.
Penske Logistics is a wholly owned subsidiary of Penske Truck Leasing that has operations in North America, South America, Europe, and Asia. Penske Logistics provides supply chain management and logistics services such as dedicated carriage, distribution center management, transportation management, lead logistics, supply chain consulting, and freight brokerage services.
It has Canada's largest LTL business, [3] largest trucking fleet, [4] and in 2021 was ranked 6th in terms of revenue among both LTL and truckload North American carriers. [5] [6] Its trucking fleet consists of over 14,000 company-owned power units, nearly 10,000 owner-operator tractors, nearly 50,000 trailers and over 200 straight trucks. [7]
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