Locomation Appoints Former USDOT Deputy Under Secretary for Policy as Vice President of Policy and Strategy
PITTSBURGH, Pa .– Locomation, the world’s first trucking technology platform to offer autonomous human-guided delivery, today announced the hiring of Finch Fulton, the department’s former Assistant Deputy Secretary for Policy US Transportation as vice president of policy and strategy.
“We are delighted that Finch is joining our growing team,” said CEO Dr Çetin Meriçli. “His unique experience leading the development of US federal policy regarding automated vehicle technologies, pushing regulatory updates and critical safety standards, and advising the Secretary of Transportation in all areas of the business. innovation will be a major asset for Locomation. “
“I am delighted to join the team,” said Fulton. “I have had the incredible opportunity to engage with all types of businesses and business models that are changing the face of transportation. Locomation is in the perfect position to lead the way in developing a safer, more efficient and more environmentally friendly transport system for our country with a business model that makes sense for the customer.
In the United States, trucks carry nearly 72 percent of all domestic freight by weight and 73 percent by value. For trips over 2,000 miles, trucks carry 40% of the share valued at over $ 447 billion. However, the industry faces many challenges. The estimated shortage of more than 60,000 qualified truck drivers is a constant concern in the industry. Additionally, transportation contributes 28% of overall emissions in the United States, and medium to heavy-duty trucking accounts for 23% of that total.
Locomation’s proprietary Autonomous Relay Conveyor (ARC) technology is expected to produce estimated 30% or more reduction in operating costs per mile, 8% reduction in fuel costs, 2x increase in freight density per track and remove 41 metric tonnes of carbon dioxide from the air per tractor each year. Starting with conveying on the path to full automation, Locomation’s technology delivers customer value today while securing a stable development path for higher levels of automation in the future.