The newest transportation industry trends

With growing competition in the transportation sector, involved companies should deploy new existing technologies and extensively improve the quality of their services to remain in the business. In this article, we’ll find out what are the current trends in the transportation industry and which upcoming winning strategies will lead the entire transport sphere in 2020?

Shipping goods is a significant part of the economy in each country. According to Statista, truck transportation contributed more than $150 billion to the US nation’s gross domestic product in 2016. Solely FedEx, the leading freight transportation company, generated over $60 million of revenue in the same year. Logistics companies are mostly focused on servicing an E-commerce market. Fred Smith, a founder of FedEx, forecasted this market to reach the value of nearly $2.4 trillion by 2018 with its 26% growth compared to 2016.

The key to the success in the transportation business is offering the most cost-effective, flexible, and efficient services. That’s why shipping companies should turn towards the most recent trends in transportation and follow the strategies that will help to outcompete the other market players. Let’s get started.

You may learn 5 Digital Solutions to Upscale Your Transport and Logistics Business in 2019

Trend #1: Cloud-Based Systems Adoption

Read more about Elimination of human factor in transportation.

Trend #2: Integrated, Frictionless Travel

However, the number of new trends in the transportation industry, combined and aimed at minimal stoppages or checkpoints result in this one key drift to integrated travel and transportation. The minor tendencies are optimization of the infrastructure, creation of the mobility hubs for multimodal transportation, building platforms for ticketless travel, and introduction of the innovations in micromobility and last-mile connections.

Trend #3: Visibility and Anti-Theft GPS

Trend #4: Self-Driving Trucks

The technology for self-driving trucks is still under perfecting and it has to overcome certain obstacles, such as improving driverless software to make it able to efficiently operate on urban roads with heavy traffic. However, it’s one of the transportation future trends. In the long-term perspective, transportation businesses should prepare for upcoming technology changes within the industry and start equipping their trucks with self-navigating management systems that can “learn” from real drivers.

Due to artificial intelligence ( AI) and myriad sensors, an AI-enabled vehicle can correctly evaluate road conditions and learn from how truck drivers behave under “unusual” conditions on the road. Through vehicle-to-vehicle (V2V) communication, trucks can share the learned information and make other vehicles smarter. Besides, the 5G technology spreading will catalyze the adoption of self-driving fleets. In the long-term, these vehicles can potentially become better drivers than human operators.

In fact, this future is even closer than it can seem. Tesla’s electric Semi truck have autopilot features which can greatly facilitate the driving process. Walmart, along with many other companies, such as Pepsi, Asko, and Loblaw confirmed having ordered Tesla Semi trucks for their commercial needs.

Trend #5: Regulation Compliance

Trend #6: Blockchain in Logistics

Blockchain is one of those transformative technology trends in distribution and transportation, that shape the mobility in 2020 and beyond. One of the perspective use cases for the blockchain technology in trucking is ensuring the accuracy of performance history records. When a truck gets sold for the second time, potential customers may have questions about how this vehicle was used. Since blockchain transactions are immutable and transparent, all parties involved in a transaction can be sure that the information about the truck is trustworthy.

Another perspective use of blockchain in transportation is capacity monitoring. The cost of transportation depends on cargo volume. The use of Internet-of-things (IoT) sensors can help determine the amount of space a particular cargo occupies. This data can be used to calculate the shipment cost. Storing this information into a blockchain-based system signed with a smart contract will allow self-executing payments on a base of the amount of space taken by the freight.

Read about Cost optimization via transportation management system.

Trend #7: Address Delivery

Trend #8: Drone Delivery

In the EON of COVID-19 the contactless address delivery became the most popular and required of all the present-day transportation industry trends. It motivated even more companies to turn their eyes to this delivery option and start adopting it.

Our Experience

We also prepared screens design for the client and the driver, developed native apps for iOS and Android, created an API and a backend. In the process of development, we managed to create a complete set of flexible services for launching the new system on the market. This will allow the client to develop the business further and make the necessary alterations, optimizing, and scaling the system in the future.

Earlier we developed a service connecting cargo owners and cargo carriers in one system in order to complete mutually beneficial transactions on transportation of grains and oilseeds SmartSeeds.

Our company also dealt with crafting an online ticket sales service for Busfor. At the early stage, Stfalcon helped this company to enter the mobile market by creating apps for iOS and Android as fast as possible. As a result, the client got the system, which allows the users to purchase tickets for domestic and international travel online.

More details about our projects for the transportation Industry can be found here.

Final Thoughts

Originally published at https://stfalcon.com

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