another limitation to TotalTrax is that it gets location by scanning a QRC code on the ceiling of the warehouse. It doesn't use the device's GPS. I find this really odd and limiting. It won't work outside so they could never offer an AvRamp product or a product in a rail yard for instance. So the forklift scans in the X,Y,Z space to get location and height. I find that very odd. If the military can use GPS to drop a bomb within 3 ft, why can't they?
listening to the TotalTrax ProMat 2015 presentation. Awful. No wonder these guys are also rans. Not polished. Boring. Dead space. Terrible looking slides. Confusing (like an IDSY CC)
What I like about their product is they do interface to WMS's, LMS's, ERP's, etc. So they are not a brain in a jar. I like their tech, but I just don't see it as a threat. They do not have a cellular product which is a limitation. The warehouse thus needs to have a WLAN/WiFi.
Raymond did present with them (iWarehouse product). TotalTrax does things that IDSY does not. It turns a forklift into a data collection device (like a scanner). So it makes sense that Raymond would integrate with them as well. Does have an Analytics dashboard which they call Business Intelligence (that is like a 10 year old name for Analytics). Their Analytics seems to be based only on that warehouse (breadcrumbs, routes, choke points). Does not give info vs other warehouses for that company or against other companies like IDSY's does.
IDSY could put these guys out of business if they would just integrate with the WMS's, LMS's, ERP's. On the other hand, I don't understand why TotalTrax does not do reports like IDSY does for forklift maintenance and OSHA req's. Seems like that would be easier than integrating with WMS's, etc. They do have collision info. TotalTrax also needs to raise the game on their Analytics product.
To say that Raymond will dump IDSY for TotalTrax is hogwash. They do similar but different things. As such, Raymond would keep both and hedge their bets.
IDSY could buy them, lay off half the staff, and keep the integration to WMS's, LMS's, ERP's
I actually can't find any evidence that TotalTrax has a customer any where near the size of a WalMart or USPS. No case studies other than a Genco which is a fraction of the size of those customers.
I see no cellular offering like IDSY now offers (RFID, WLAN, and cellular). No Analytics product.
It appears they are a total joke and are the least of IDSY's issues.
Toyota Auto Manufacturing US has 7 sites. IDSY was already at the other 6 sites. The 7th site is the Texas site. Toyota Forklift is a division of Toyota. Raymond is a division of Toyota Forklift.
So hard to sort out who should be talking to who. Maybe as you said, things got lost.
Agree that IDSY should have knocked out TotalTrax by now. I see nothing in their new offering that is better than IDSY VMS. All they can compete in is price. No one wins in that scenario. I do not think the Raymond or Toyota Forklift IDSY deals are exclusive. So if a Raymond customer has TotalTrax and wants them, of course Raymond would offer it. That does not imply anything other than a 1 off.
TotalTrax is an also ran and is not a concern for IDSY. As Ehrman said, they need to get out of their own way. Apparently, that is still their issue.
no, I hard what they said. They said that case could have wide ramifications and Uber could be responsible for the FICA, benefits, insurance, expenses, etc of all their drivers.
This is a Landmark case. Uber would literally be down $20B today if it was public. This case may mean it will NEVER go public now.
I have no idea who AMS or FRNG is. Like i said, I am not who you think I am. Go read my posts on other boards. If I am hired by TAXI, why do I post on these other boards. Simple DD on your part could have figured that out.
Maybe me not being who you think I am does not fit into your paid Uber shill script.
FYI - just went to the TotalTraxInc website. The last news article is from 2013. The last PR from 2014. No events. It literally looks like they are out of business. As bad as IDSY is, they aren't that bad.
you know for a fact this is not being discussed? 160K employees. Years of failing to file FICA for them. Back taxes, back pay, lawsuits. If Uber were public, it might be down over 50% today. Literally losing billions in market cap.
I never got how a $40B company needs a $100M company to fail in order for them to succeed. Amazon never needed Pop's Corner Store to go BK in order to grow. Is the Uber model just flawed by skirting the law in order for it to succeed?
you really need to get laid dude.
what makes you say Total Trax will take the Raymond business? Toyota owns Raymond. If anything, it appears that relationship got stronger by expanding from Raymond to the parent Toyota. From what I gather, Total Trax is even worse off than IDSY. Just look at the Total Trax website. Has no updates for years. Is that company even in business?
Other than that, you are spot on. Insider compensation is egregious and always has been. The top few guys make 10% of revenue. That is OK if they were swimming in profits but they are losing money. I vote NO for management pay every year. I can't understand why anyone would vote yes.
at book value or at their cost?
Why did you wife not take your last name? Is she ashamed to be married to a high school educated taxi driver?
the drivers don't realize this until they:
- file taxes
- go to sell their car
So the Uber Ponzi scheme can go on for years until people get educated in these things.