Speaker 1
So what we find sometimes is as we go to inspect the customer's trailer getting ready to depart, maybe their tire has low pressure or there's a nail in their tire and it needs to be replaced or there's a light out and that needs to be replaced. We're finding a fair amount of really easy fixes on their trailers that if we can do on site as a value add to our customers, allows us to keep their load on time and ensure that we're not disrupting their service. And that's really what we want to do. We want to make sure that when you're using a economy as as frictionless as possible, and we're giving you the best possible service. So that's not only is Ryder going to be our terminals to ensure our uptime to ensure our tractors are running, but also to help our partners and ensure that their loads can continue to continue without any issue, even if there is a challenge with their trailer. So we're excited about that. And then as you know, when you look at AV, a huge value prop of that is the tractor utilization. So the value is that you're not tied to hours of service and you can keep that tractor running. Well, having onsite maintenance will enable us to ensure that that tractor is running more efficiently. And that happens in numerous ways. One, if a tractor is running all the time, it will need more preventative maintenance. Okay, so we understand that and we're going to be able to do that very effectively right on site. And then two, we're not having to take the tractor offsite somewhere to a third party and have it fit for three or four days, or we're waiting for them to do something, right? We're able to actually control that ourselves. So not only does it help our customers from the trailer perspective, when we really get the full volume, it will help our customers from that asset utilization perspective as well.
Speaker 2
What is if you can ballpark it? What is the industry like benchmark for utilization here in a human driven world and to the extent that you could share a figure on what your utilization rate target is? What does it look like when Roar's trucks are on the road in late 2024?
Speaker 1
Yes, so the way we talk about if you're talking in traditional trucking, long haul where the drivers are going to be constrained by hours of service, assuming it's not a team drive, right?
Speaker 1
doing really well if you're hitting 28% utilization on that tractor. That's a good utilization. Actually, it's a very strong utilization, okay?
Speaker 1
goal, I'm not sure if I'm fully able to say what it
Speaker 4
is, it is a very high goal, more than
Speaker 1
double. So we really believe that you take out the main constraint, which is that that human and those hours of service, there's no reason not to keep that truck running. So that's how we're viewing it. And again, looking at all the ways that we can ensure that we're simplifying the process to keep that truck on the road.
Speaker 2
We're going to take a short break from my conversation with Kendra for this word from this week's sponsor. When we return, Kendra and I continue to discuss Roar's readiness for operations and why Texas has become an autonomous trucking hotbed.