Those on both sides of the freight business have struggled for years with volatile shipping rates. Contracts get locked in for months or more with no assurance that the contract will reflect current prices when loads are delivered. TransVix believes part of the solution to this problem is the creation of a Trucking Futures Exchange.
From drones to the Internet of Things (IoT), technology is pushing the boundaries of what is possible in the world of business. It is no different for transportation entities, especially shippers and carriers who are embracing technology while remaining mindful of ever-slimming margins.
Steve Sashihara, CEO of Princeton Consultants, recently spoke about disruptive technologies and Big Data in the transportation space. Here are 9 areas of impact he identified. Each slide represents the belief that industry stakeholders surveyed have in digital disruption. (Click the arrow to scroll through).
