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What Do Autonomous Trucks’ Terminal Footprints Look Like?

Technology is making it harder for truckers to decide on optimal terminal footprints, says Ted Morandin, managing member of Morprop Advisors.

While real estate brokers are almost always engaged in transport real estate transactions, very few brokers are involved in more than a handful of them over their careers. GlobeSt.com recently chatted with Ted Morandin, managing member of Morprop Advisors LLC, part of the Industrial Transportation Property Network, about what the future holds for terminals and why technology is making it harder for truckers to decide on optimal terminal footprints.

According to Morandin, within the next 20 years or so, according to Oxford researchers, 45% of all occupations around today will be automated. Truck drivers account for about 75% of the operating cost of a rig, and are limited to driving about 400 miles in an eight-hour day. “Given that drivers are the biggest single expense in trucking, all sorts of firms are aiming to replace truck drivers with autonomous trucks. Uber subsidiary Otto has already developed a driver-free truck conversion kit for less than $30,000, about half the annual wage of a truck driver,” he says.

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Natalie Dolce

Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.

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