According to the Department of Transportation, nearly 20% of all trailers are traveling empty down the highway. That doesn’t account for trailers that are running less than full. That empty space, whether it is enough room for one pallet or ten, is a revenue opportunity lost.
As the Congress works on developing legislation aimed at regulating self-driving vehicles, Transportation Secretary Elaine Chao is looking to guide that legislation with less of a regulatory hand, according to Bloomberg.
As Nikola Motor continues to develop its hydrogen-electric Class 8 tractor, the company continues to evolve its design. The latest is the introduction of an eAxle developed by Bosch.
No need for those extra extension cords just yet; electric vehicles are not about to take over the world. That is one of the points that Lars Stengvist, CTO of the Volvo Group and EVP of Volvo Group Truck Technology, made to a select group of reporters during a roundtable discussion on truck technologies
The new Defense Department budget includes funds set aside to study blockchain and the impact of the technology in the hands of either the good guys or bad. This could be a good thing for the US logistics industry, as some of the research will probably make into the private sector.
Small carriers and owner-operators have capacity to offer, but those that need it most – larger, Fortune 1000 shippers, don’t have access to that capacity because it is not cost-effective to onboard small carriers hauling just a few loads. Sudu, though, is changing that dynamic.
Anyone that has ever bought a house or vehicle knows how much of a pain it is and that is assuming you have a clean title. If not, all bets are off. With blockchain, the transfer of assets could be instant and without the risks normally involved in buying and selling.
Bitcoin has been on a wild-ride and some people think the future is zero. This will be a good thing for commercial blockchain applications.
TMW Systems sees enormous potential with blockchain technology, but notes that successful implementation requires a “strong partnership with a technology provider that understands its intricacies and potential applications.”
In recent years, players in the transportation industry have embraced technology and this has greatly helped in solving the many challenges associated with manual operations, and the future is even brighter in the years to come.
Digital freight brokers are using “Daily-deal” tactics to get revenue growth. They sold themselves as a platform to change the inefficient trucking industry, but have found it difficult to find quality sources of high-volume freight. These platforms have resorted to aggressive pricing tactics using investor capital. What will find is that as soon as they change prices, shipper loyalty will evaporate.
Larger fleet owners that have been looking forward to autonomous trucks to solve the pesky driver shortage may find themselves unemployed too
Google’s has invested more than $1.1B dollars in driverless technology. The number was revealed in court documents involved in the lawsuit between Uber and Google over its handling of Otto and self-driving IP
The ongoing and future transformation in the industry will not only benefit the carriers, truckers and shippers, but also the controlling authorities as well as positively impact other industries in the market and the economy at large. Here are a few of the technologies already impacting the industry.
After several years in development, Daimler Trucks unveiled its electric Mitsubishi Fuso eCanter yesterday at a ceremony in New York City. The first trucks have been delivered to UPS and four New York City-based NGOs.
As blockchain transactions begin to take hold in the general economy and the supply chain in particular, there is a growing question of how to speed financial transactions. According to Coin Telegraph, the answer may be tokens.
Blockchain has taken center stage in 2017, and we are only at the beginning. But before everyone declares blockchain the solution to all the world’s problems, two authors note that there needs to be standards and governance to make it work.
Delphi CTO says that autonomous vehicles will come to cities and ports long before they will ever go into the highway or over-the-road trucking markets
Ask an over-the-road truck driver what their biggest concerns are and you won’t have to go far down the list before finding a safe place to park appears. But a new company is hoping to change that, allowing drivers to reserve a spot ahead of time at a nominal fee.
One of the biggest trends in the field of freight logistics is the digitization of the trucking industry, which has a market of over $700 billion every year.
