Aifleet’s bold move: cutting its fleet size to survive in freight recession

Core Insights - Aifleet, a venture capital-backed startup focused on AI-driven freight solutions, is undergoing significant cutbacks while maintaining operations [1][4]. Company Operations - The fleet size will be reduced from approximately 180 to a number significantly lower, with personnel cutbacks expected to be close to 100 [2][4]. - Aifleet's CEO indicated that the company is not shutting down operations and is still supporting customers while deploying new automation and AI capabilities [4]. Financial Strategy - Aifleet is shifting its business model from a 70-30 split between contract and spot market freight to a 100% contract carrier model [6]. - The company aims to improve profitability by focusing on the right rate per mile exposure and providing appropriate capacity to customers [7]. Cost Structure - Aifleet leases all its trucks and operates on a one-to-one ratio of tractors to trailers, with all drivers being W-2 employees [5]. - The company claims to have the best cost per mile in the industry, estimated to be about 20% lower than the industry average [7].