An entirely new generation of technological change is now occurring in the transportation industry, and it’s called the autonomous truck, or what design specialists refer to as “intelligent engineering.” But what are some of the benefits, and risks, associated with the technology?
Chris Burruss, formerly with the Truckload Carriers Association (TCA), is the Blockchain in Trucking Alliance (BiTA)’s first President. The Alliance was launched in September 2017 to develop blockchain standard and certifications for the freight industry, has 160+ applicants, and 85% of the truckload transactions can be represented in the space.
The US Department of Transportation’s Federal Railroad Administration announced a completion of an environmental impact study that highlights a proposed route for an Atlanta to Chattanooga rail line.
The potential for the hyperloop technology to take the world by storm is growing. Silicon Valley start-up Hyperloop One has finally chosen what the company views as the best areas to build its first hyperloop tracks.
Wabco’s acquisition of the remaining 50% ownership stake Meritor held in the Meritor Wabco joint venture, which began 27 years ago, a few weeks ago is one of the steps Wabco is taking to ensure its continued growth and positioning for the future.
Artificial intelligence (AI) is creating both hope and fear in the transportation industry; hope for the wealth of efficiency, cost savings, and safety improvement that AI promises, and fear that the ever-changing job market that accompanies the AI movement may put the careers of thousands in the transportation industry in jeopardy.
Businesses who trade internationally typically rely on freight forwarders to act on their behalf to transport product. The process of locating and arranging a forwarder is no easy task and extremely time-consuming, and over many decades this process has barely changed.
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.
Larger fleet owners that have been looking forward to autonomous trucks to solve the pesky driver shortage may find themselves unemployed too
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.
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
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.
Brad Jacobs sits down with Jim Cramer and talks trucking, XPO, and the state of the economy. He makes a provocative prediction that will turn some heads that we could see fully autonomous trucks in less than a decade.
TMW acquires truckload visibility aggregator, 10-4, continuing a trend of FreightTech acquisitions in the market transparency space.
There are certain practices in trucking that are not above board and cause a lot of strain on the companies in the space. Will the implementation of blockchain smart contracts, these practices could be ended, ushering in transparency and fairness for all involved.
In the future, blockchain infrastructure will help mitigate the effect and scope of cyberattacks through its two fundamental characteristics: decentralization and cryptography so events such as last week’s Equifax breach don’t happen.
FreightWaves adds a startup directory to the site to help startups identify partners, investors, and talent in the emerging FreightTech space.
Blockchain has become the latest buzzword to enter industry lexicon. While many still may not know what it is, it is likely to be a technology that transforms trucking and the way it operates. Fleet Complete is one of the companies that has recognized its potential.
Blockchain is the perfect way to store maintence records, providing fleets with a complete record on everything that has happened to the vehicle from the time that it rolled off the factory floor to the time it is sold off.
