Seidl suggests drivers laminate the last page of the PDF version of the guidance and keep it in their truck, because it specifically addresses under what circumstances a driver may operate a commercial motor vehicle as a personal conveyance, complete with examples of what is appropriate and what is not. So is driving the truck to have maintenance performed. “A good rule of thumb,” he said, “is if you’re trying to convince yourself that it’s not work, then it’s probably work.” “The key is, are you doing something that would be considered work related to and benefiting the carrier? If it’s not to their benefit, and it’s not work, then it most likely falls under personal conveyance.”įor instance, he says, if you’re driving to a plant or terminal to be loaded or dispatched, that’s work. Seidl emphasizes that personal conveyance has nothing to do with sleeper berth or on-duty/not driving status. Motor carriers can establish personal conveyance limitations either within the scope of, or more restrictive than, this guidance, such as banning use of a CMV for personal conveyance purposes, imposing a distance limitation on personal conveyance, or prohibiting personal conveyance while the CMV is laden.” Personal conveyance does not reduce a driver’s or motor carrier’s responsibility to operate a CMV safely. The CMV may be used for personal conveyance even if it is laden, since the load is not being transported for the commercial benefit of the carrier at that time. In mid-April, fintech insurer Lemonade reached a valuation of more than $2 billion after raising $300 million led by SoftBank Group.“A driver may record time operating a CMV for personal conveyance (i.e., for personal use or reasons) as off-duty only when the driver is relieved from work and all responsibility for performing work by the motor carrier. KeepTruckin is the second company on last year's Forbes' Next Billion-Dollar Startups list to pass the $1 billion mark this month. Its investors include IVP, GV, Index Ventures and Scale Venture Partners, as well as Greenoaks. The new funding brings total investment in KeepTruckin to $228 million. That lowers anxiety for truckers and lowers anxiety for shippers." "There's an opportunity to deliver technology to a space that hasn't had much of it. "He built a beloved brand for truckers," he said. As Makani and his cofounders built the business, Mehta realized it fit his own investing criteria. Over the years, they kept in touch, talking every few weeks, and trading ideas as venture capitalists in Silicon Valley. "We were just trying to figure out how to buy our next Subway sandwich and make sure we didn’t fail finals,” he said. Neil Mehta, managing partner of Greenoaks Capital (and an alumnus of the Forbes 30 Under 30 list), recalled how he first met Makani in the fourth-floor library of the London School of Economics during their junior year abroad. KeepTruckin’s marketplace, Makani said, will differ from the others because it will allow any broker or carrier to plug into it. Digital freight brokerage has become a huge, and growing industry, with companies that include Transfix (also on Forbes 2018 Next Billion-Dollar Startups list and profiled here), Convoy and Uber Freight competing to use technology to better match loads with truckers. Now, KeepTruckin is building an open marketplace to help truckers expand their businesses. To date, new truck customers with electronic-logging devices who signed up for Smart Haul have saved an average of $1,384 in the initial premium period, according to Rishi Arora, a Progressive product development manager. The company has begun working with Progressive Insurance, the largest truck insurer, as it created a discount program called Smart Haul for truckers that use electronic-logging devices. Truckers who install KeepTruckin's dashcams can save up to 40% on their insurance premiums, Makani said, a savings that could amount to nearly $40,000 a year for a fleet of 10 trucks. That, in turn, can save truckers substantially on their insurance premiums, which cost an average of $9,251 per vehicle per year, according to the American Transportation Research Institute.
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