How to Move Freight Across the Icy Roads of Alaska

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Odd Lots 40 min 7 speakers 4 chapters transcribed 1 month ago
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Francine Lacqua 0:00
Next week on Leaders with me, Francine Lacqua, I speak with Harvard Business School Professor Linda Hill about what CEOs need to know to be successful.
Tracy Alloway 0:10
It really is
Francine Lacqua 0:11
not about them. It is about the organization. About how to lead in the age of AI. That requires a lot of confidence. And why great leaders embrace conflict. You need to amplify difference. Listen and watch Leaders the Podcast with me, Francine Lacqua, on Bloomberg TV or wherever you get your podcasts.
Bloomberg Audio Studios 0:32
Bloomberg Audio Studios, Podcasts, Radio News.
Joe Weisenthal 0:48
Hello and welcome to another episode of the Oddlots Podcast. I'm Joe Weisenthal.
Tracy Alloway 0:53
And I'm Tracy Alloway.
Joe Weisenthal 0:54
So, Tracy, we're here in Alaska. We're still here in Alaska.
Tracy Alloway 0:57
We are. It's beautiful. It's stunning. And it's bright. It stays light until like 11 PM.
Joe Weisenthal 1:01
It's so bright. I couldn't believe it. It's amazing. Alaskan August. It's the best. It's already such a fascinating place to me.
Tracy Alloway 1:08
What iconic industries will we be talking about while we're in Alaska, Joe?
Joe Weisenthal 1:12
Well, there's many industries that we've hit over and over. Obviously, we like to talk to people in the trucking industry for all kinds of reasons. But also, like one of the things that I'm aware of is that Alaska has its own distinct trucking culture. I think there was a reality TV show about it, right?
Tracy Alloway 1:26
Ice Road Truckers? Yeah, right. Wasn't
Joe Weisenthal 1:28
that based here?
Tracy Alloway 1:29
Yes. I have questions about how realistic that actually is, but you are absolutely right that trucking in Alaska is this sort of well-known thing, maybe because of the reality TV show. But when you think about trucking in Alaska, you think like these crazy, like mud-riddled roads and people having to cart these like huge payloads of I don't know. I heard it was mostly dirt in the summertime because people are doing a lot of road construction, but I don't know that much about
Joe Weisenthal 1:54
I don't know that much about it. Trucking is a fun topic to cover, A, because it's just an interesting logistical industry in any environment. And then B, I don't think anyone has a better pulse on the economy at any given moment than people in trucking. So while we're here in Alaska, for all these obvious reasons, we gotta talk trucking.
Tracy Alloway 2:13
I think you have to come clean, Joe, and admit your secret dream to become an owner operator working in Alaska. I don't even know if that's possible.
Joe Weisenthal 2:20
Well, let's find out. I'm really excited to say we really do have the perfect guest. We're gonna be speaking with Josh Norm. He is the president and owner of Sourdough Express. Josh, thank you so much for uh coming on the podcast.
Josh Norum 2:31
Yeah, thanks for having me. What is What does Sourdough Express mean and what is the company? So Sourdough Express is a trucking company in Alaska. All of our assets are based in Alaska. My family bought it in the 1920s. It's been in existence since 1898. So we're celebrating 127 years this year. We are an all-service trucking company. So we we run their haul road, the ice road's up in Prudhoe Bay. We haul between Anchorage and Fairbanks, which are the two main population centers of Alaska. We also own a moving and storage company that focuses on DOD military members moving in and out of Alaska's military bases. What?
Tracy Alloway 3:07
What does sourdough actually mean in those contexts? Because I hear sourdough express and I think, are you like, you know, driving around huge huge loads of baked goods?
Josh Norum 3:15
Yeah, most people think that we're a bakery, but no, sourdough is a basically a long term Alaskan. So somebody who's been here for many years or experienced winters here and and really understand the culture of Alaska and uh understand what it takes to live here.
Tracy Alloway 3:30
So just one more question before we dig into the now. But you said your family bought this company in the nineteen twenties and it's existed into the late eighteen hundreds. What was it actually in the early nineteen hundreds? Because I assume you weren't, you know, it wasn't big trucks back then.
Josh Norum 3:44
Yeah. So most of uh the freight coming into Alaska then was gold mining and they were coming from Dawson City. And so the owner Bob Ellis ended up coming into Alaska and establishing in Fairbanks.

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