“When markets are disrupted, the winners are usually those who can continue to create value. So organizations with scale will remain ahead of the game and so will sharp, agile, tech-oriented newbies. Those in the middle of the pack will likely have a harder time facing this changing landscape” Atlee Valentine Pope, CEO of consulting firm Blue Canyon Partners
What Companies Are in the Transportation Field in 2023
In 2022, the worldwide logistics sector exhibited signs of rebounding from the COVID-19 pandemic’s repercussions, achieving a market valuation of roughly 10.41 trillion U.S. dollars. Looking ahead, projections reveal further growth, with the logistics industry scale predicted to surpass 14.08 trillion U.S. dollars by the year 2028. As essential components of any enterprise, they form the bedrock of the contemporary economy. To ensure they receive the necessary backing, the transportation industry must embrace emerging market entrants, diversify its service offerings, adopt inventive business models, implement cutting-edge transportation and logistics software, and align with the rising demands of consumers.
We’ve already said the main trends that are going to disrupt the industry in the most immediate years in our White Paper on Transport Innovations. The most important ones are digitizing & developing effective software decisions.
Today, we’d like to discuss a compilation of distinguished transportation companies that have adeptly navigated the complexities of public, private, and cargo transportation, positioning themselves at the forefront of the industry in 2023.
Despite facing criticism for unfair employee treatment and aggressive anti-regulatory practices, Uber, which began as a ride-sharing service a decade ago, has expanded its presence to 785 metropolitan areas worldwide. The user base of Uber has surpassed 110 million, and the company now provides more than just ride-sharing services. It also offers meal delivery through Uber Eats and connects freight shippers with truckers through Uber Freight.
Furthermore, the company has revealed the development of two exciting initiatives: Uber Air, a short-flight service, and Uber Works, a platform aimed at connecting workers with employers.
Numerous services known as “Uber for X” have already been created. The profound impact of Uber’s services on the sharing economy was so remarkable that a new term, “uberisation,” emerged to describe it.
In 2012, Grab began its journey as a company operating from a small rented storage space, and it has since grown to become the largest mobile technology company in Southeast Asia. It facilitates connections between millions of consumers and an extensive network of service providers.
Currently, Grab is tackling some of the most significant challenges in the world’s fastest-growing region, including issues of inequality, outdated infrastructure, and income disparities.
It’s not only a transport company but food & express delivery ones as well as suggesting partnerships for food & payment merchants, lending products, & protection services, the organization contributes significantly to the economy of the region & the well-being of the residents.
Grab Social Impact Report 2018–2019
Millions of people in the region have access to a variety of earning opportunities, including roles such as drivers, merchants, agents, delivery partners, and startup ventures.
BlaBlaCar, recognized as the foremost community-driven travel application worldwide, connects 26 million active members annually across 21 countries, enabling them to share rides. Utilizing cutting-edge technology, the platform effortlessly pairs drivers with available seats to passengers traveling in the same direction, promoting cost-sharing during the journey. With a mission to become the premier marketplace for shared travel, BlaBlaCar has expanded its services by integrating carpooling with bus routes provided by more than 4000 operators. This integration offers users a wide array of affordable and environmentally friendly travel choices, all conveniently accessible through a single app.
In 2022, the tight-knit BlaBlaCar community forged connections at 2 million global meeting points, facilitating 90 million human interactions. Carpool drivers enjoyed savings totaling 450 million euros, and all of BlaBlaCar’s mobility offerings played a role in averting 1.5 million tonnes of CO2 emissions.
The concept for this service first dawned on one of its founders 15 years ago. Just two years later, the service became a reality. Since then, the community has collectively shared over 30 billion kilometers, resulting in members saving more than 1.4 billion euros as they shared travel expenses heading in the same direction.
We’ve already told our readers about MAAS, the model achieving momentum nowadays. Mobility as a Service (MaaS) functions as a seamlessly interconnected transportation ecosystem, allowing passengers to optimize their journeys by combining various modes of transportation at different stages. It’s not surprising that BlaBlaCar has embraced shared road mobility for its affordability, convenience, and user-friendly approach, resulting in the recent introduction of BlaBlaBus services.
Though it was a coach service working in Europe for a number of years it was bought by BlaBlaCar in 2019 & rebranded. Now the service is already available in 10 countries, & 3 million passengers have utilized it on 300 destinations.
Certainly, the scaling of the task will go fast & smooth. One of our customers, MeinFernBus, has become a leader of European transport services. We know for sure that complex project scaling strutegy & cutting-edge software work miracles.
Based in Santa Monica, California, Bird stands out as a leading micromobility firm. Since its inception in September 2017, Bird has rapidly grown, delivering shared electric scooters in over 100 cities across Europe, the Middle East, and North America, achieving an astounding 10 million rides during its first year of operation.
Founded by Travis VanderZanden, who previously held high-ranking positions at Lyft and Uber, Bird garnered substantial funding to fuel its expansion. In February 2018, the company secured $15 million during its Series A funding round, with Craft Ventures leading the way. Shortly thereafter, in March, Bird attracted $100 million in its Series B round, with investments pouring in from Index Ventures and Valor Equity Partners. In May, the company received an impressive $150 million in a venture round backed by Sequoia Capital, marking a significant achievement that earned Bird the coveted “unicorn” status, with a valuation soaring to $1 billion, becoming the fastest company to reach this milestone. Building on its remarkable success, Bird raised an additional $300 million in June 2018, further solidifying its valuation at $2 billion.
MOIA, a subsidiary of the Volkswagen Group, is actively promoting mobility as a service in collaboration with cities and public transportation organizations. It’s important to note that MOIA operates as an independent brand within the Volkswagen Group.
The company devs & executes diverse services along the mobility value chain for different consumer groups. MOIA seeks to become a leading provider of mobility decisions, a part of daily traffic in many towns & to help people decrease private transport usage, through proper transport management software.
Over the long term, the company is enthusiastic about developing innovative solutions that enhance the aesthetic appeal, livability, and safety of cities for all residents, using cutting-edge vehicle and mobility concepts in the era of autonomous mobility.
The company’s goal is to revolutionize public transit by transforming it into a highly flexible network that seamlessly integrates public transportation with private cars. This service enables people to reach their destinations quickly, affordably, and in an environmentally responsible manner, thanks to the specialized algorithms embedded in their software solutions. They are pioneers in developing cutting-edge mobility solutions for both on-demand and scheduled transit, harnessing the world’s most advanced technology.
Via operates in 20 countries, cities small & big, and has more than 70 million riders. MaaS permits people to quickly & comfortably get their destinations with an integrated network of transportation choices accessed via a single, digital interface. Moreover, Via works with specialized rewuirements patients to deliver a best-in-class service of transportation to them.
Other regional transportation organizations that disrupt the transportation sphere deal with freight procurement & distribution management.
We’ll focus on the top three options in order to offer shippers a comprehensive solution for their transportation and logistics needs. Uber Freight, Convoy, and Transfix represent the emerging contenders in this field, showing great potential.
The network now boasts a total of 30,000 carriers, and the service is currently in the process of global expansion, with a primary focus on Europe and, specifically, the Netherlands.
For those looking for a convenient & cost-effective shipping decision for their products, Uber Freight is the best transport company.
The application simplifies the process of getting a quote & tracking your shipment, making it an easy-to-use experience.
Using Uber Freight, you have the option to arrange transportation for your goods by supplying essential information, including the pickup and drop-off points and your preferred delivery schedule. Once you’ve shared these details, you will receive a service price estimate. If you choose to proceed with the booking, Uber Freight will then designate one of their carriers to manage the pickup and delivery of your goods.
In 2015, Convoy set out on a mission to transform the freight industry, striving to develop streamlined freight solutions. Leveraging cutting-edge technology, our goal is to forge smarter connections between shippers and carriers, addressing some of the most formidable challenges that result in inefficient practices within the freight sector.
Trucking plays a significant role in the United States, accounting for a remarkable 80% of expenditures on freight transportation. Each year, the industry allocates a colossal $800 billion towards trucking services. Nonetheless, a pressing concern arises from the fact that 35% of all miles driven by trucks are done so empty, resulting in considerable inefficiency and waste. This emptiness contributes to the emission of 87 million metric tons of CO2-equivalent pollutants, which has a detrimental impact on our environment.
Convoy is committed to tackling the core challenges in the freight industry. As the nation’s premier digital freight network, Convoy operates a connected platform that effectively transports millions of truckloads nationwide. Their methodology offers advantages to shippers by automating the truck matching, pricing, and scheduling processes, resulting in substantial cost savings. Furthermore, their innovative approach to carrier compliance guarantees secure and punctual delivery for each load.
The fascination with self-driving technology has enchanted the public’s imagination for nearly twenty years, tracing its roots back to the 2004 DARPA Grand Challenge, where 15 teams vied in a driverless car competition in the Mojave Desert. Despite the hurdles encountered by the autonomous vehicle (AV) industry in 2022, such as the closure of companies like Argo AI and TuSimple, one standout performer was Waymo
Waymo achieved remarkable progress with the introduction of its fully autonomous robotaxi service, Waymo One, which operates in a “rider-only” mode, devoid of any backup from Waymo staff. This service was launched in San Francisco in May and later expanded to the Phoenix area in August, marking a transformative moment in the transportation industry. Additionally, Waymo’s autonomous trucking service, Waymo Via, established partnerships with leading fleet operators such as C.H. Robinson, J.B. Hunt, and Uber Freight. Currently in testing along the Dallas-to-Houston corridor and in the Phoenix area, Waymo Via aspires to revolutionize the landscape of freight transportation.
In October 2022, Waymo unveiled its expansion plans into Los Angeles, with the introduction of its next-generation vehicle developed in partnership with the Chinese automaker Geely. Simultaneously, the company remains dedicated to refining its machine-learning models that power Waymo Driver, the technology underpinning both Waymo One and Waymo Via. While Alphabet, the parent company, does not disclose Waymo’s specific financials and groups them under “Other Bets” alongside ventures like Verily, its life sciences company, it is evident that Waymo holds a pivotal position among Alphabet’s “Other Bets.” This suggests that the overall financial data encompasses Waymo’s performance. In the first nine months of 2022, Alphabet’s Other Bets generated $842 million in revenue and incurred just under $4.5 billion in losses. Both revenue and losses witnessed an increase from the previous year, with revenue growing by 47.2% and losses by 16.2%.
It’s one of the most famouse transportation industry organizations in over 220 countries.DHL specializes in international shipping and express delivery services, catering to a global clientele. Within North America, DHL serves both Canada and the United States, providing businesses with the flexibility to transport their goods seamlessly throughout the week. Moreover, DHL is committed to fostering career growth by offering numerous opportunities for professional advancement within the organization.
GXO represents a cutting-edge logistics solution sought after by multinational corporations and leading players in the global market. With a presence in 25 countries, GXO is committed to excellence in the transportation sector and actively implements strategies to attract top talent within the industry.
To Sum Up
Drivers and users tend to explore multiple services, but ultimately, they gravitate towards the one that proves to be the most efficient and user-friendly. This is why Stfalcon emphasizes that transportation companies should align their resources with current trends and metrics to thrive. It’s essential to remember that digitization and software are crucial in today’s context.
The companies mentioned above serve as excellent examples, offering inspiration and valuable insights for new startups and product development as they aim to enter the market in 2023 with top-notch transport management software.
Frequently, we receive inquiries regarding the development expenses for Uber-like products. Stfalcon specialists always recommend you to be careful & reasonable with the decisions, which are developed & ready to assist and supply consultancy as to the transport software solutions development to match your requirements & your customer’s expectations. So, if you’re interested in building custom software, just сontact us, a complimentary consultation is available.
Originally published at https://stfalcon.com.