Trucking and logistics technology is advancing as more and more research bears results. Long international flights, jam-packed roads, snail diesel trucks, or rush hour train queues are going to be history. The future of the trucking and logistics industry is going to get a facelift – and soon too.
Blockchain
Blockchain in the trucking and logistics industry offers to eliminate higher shipment costs, inefficiencies in management, and resolution delays. The smart contract system can ensure that payments are done effectively without delay, processes are completed systematically, products are tracked efficiently, and the whole network. Other features of blockchain in the industry are:
- Immutability
- Security
- Technology integrations
- Theft and fraud minimization
- Performance monitoring
- Real-time freight capacity monitoring
- Data transparency and accuracy
Urban freight services
Having heavy-duty trucks inside a city at peak hours to deliver products can be difficult for both pedestrians and vehicles inside. The development of urban freight traffic addresses this issue where the products are brought to a hub outside the city and delivered with smaller vehicles into the city. Urban freight companies utilize bicycles for small pickups or delivery vans inside the city.
Autonomous vehicles
Delivery of products to your household need not be done by humans if you get them safe and secure. Yes, we are talking about autonomous vehicles that are now working for Amazon or Uber which are running around for delivery. From drones to delivery vehicles, autonomous vehicles are already in circulation in select states of the United States.
Artificial Intelligence
AI can help solve many problems in the trucking and logistics industry. The learning and executive capability of AI can adjust fuel efficiency, route optimization, drivers, or safety and accident prevention. It can monitor the whole business and provide insights into the trucking and logistics business. By replacing human efforts, AI can carry out certain tasks at the back end of the technology and automate the processes.
Data Analytics
Data analytics helps fleet management in the trucking and logistics industry. From the daily task assigned to the advanced route optimization, data is an important part of the fleet. It can optimize operations by improving fuel economy and driver habits, understanding asset utilization, and streamlining maintenance. Machine learning and AI combined with data analytics can determine and predict the engine conditions of trucks and provide warnings for maintenance. Real-time data can be used to improve the efficiency of the whole fleet on the go.
