The trucking industry has long had a reputation for lagging behind the technological times. But the last five years has seen tech companies from Silicon Valley and beyond push the pedal to the metal, and suddenly the trucking industry is the darling of the tech world. Considering trucking is a nearly $800 billion industry, it’s no real surprise.
From Silicon Valley to Russia, automated trucks are moving in – which means millions of truck drivers may be forced to move on. The International Transport Forum recently released a report stating up to 70 percent of all trucking jobs around the globe could be wiped out by 2030 as a result of self-driving trucks. The United States currently has about 3.5 million truck drivers, which means a massive wave of unemployed workers will swamp the job market. Ironically, it is the fear of these future layoffs that is contributing to the current driver shortage in America. Too few drivers now, too many down the road.
It’s a tricky time in trucking.
Freight Tracking Platform Expands its Enterprise Suite of Services
Newport Beach, CA – LaneAxis Virtual Freight Management, a trucking logistics tool built to provide real-time visibility and efficiency over freight movements, is unveiling its next-generation platform with an eye toward freight brokers.
The robust upgrade gives brokers a wealth of efficiency tools designed to simplify operations, improve visibility, and cut costs. Through a single login, brokers can now manage their shipper and carrier relationships simultaneously, providing maximum convenience and transparency.
Outlook for Freight Brokers, 3PLs Strong Amid Change
The trucking and transportation industries are experiencing drastic makeovers – slightly behind schedule.
Even in today’s inter-connected age, the $700 billion trucking industry relies largely on old school paper and phoning processes to complete transactions. The Internet of Things is changing that.
IoT is a big Thing
2017 may prove to be the year trucking fully embraces the Internet of Things (IoT). An estimated 7 billion devices are currently connected to the internet worldwide, with that number expected to reach 20 billion by 2020.
Clutter is Costing you Money (and Sanity)
Going Paperless Can Boost Profits
All other things being equal, disorganization will always put an organization at an organizational disadvantage.
Let me re-state: Get organized or lose money.
In a 2010 study, Brother International estimated U.S. corporations lose $177 billion annually due to office clutter and disorganization. That figure accounts for time spent searching for misplaced paper documents, file folders, and personal items. Messy desks and banks of metal filing cabinets form sturdy foundations for cluttered workspaces. Offsite document storage represents a separate expense. The Brother report concludes the average professional wastes nearly two weeks per year – looking mostly for paper!
Trucking is changing at a dizzying pace, and 2017 is sure to add more chaos and confusion. Automated trucks are on the horizon, Electronic Logging Devices (ELDs) will soon be the law (or perhaps not), and a wave of technology is disrupting transportation logistics in ways both positive and perplexing. The role of the Broker/Third party logistics provider (3PL) in today’s transportation landscape is in flux. But 98% of 3PLs agree improved data-driven decision-making is essential to long-term success (Source: Supply Chain Management Review).
Here are three major challenges Brokers still face these days, along with some tech fixes that can alleviate the pain.
The San Diego Business Journal, a leading voice on business news and trends in San Diego county, focused its influential spotlight on LaneAxis Virtual Freight Management with a feature story entitled “Software Could Shift Load for Truckers.”
“It’s a long road with nothing but prairie between Ogallala and North Platte, Neb.,” said reporter Brad Graves.
“What San Diegan Rick Burnett wants to offer, even on this lonely stretch of Interstate 80, is visibility.”
Islands International Consolidators, a freight forwarding company out of southern Florida, points to the broad benefits of the LaneAxis Virtual Private Network for 3PL providers. Read more
Leading trucking industry magazine Commercial Carrier Journal (CCJ) highlighted the LaneAxis Virtual Private Network platform in its September, 2016 print edition.
Shippers across America and the globe are still grappling with the direct – and ripple – effects of the Hanjin Shipping bankruptcy fiasco. In addition to accelerating a likely freight rate spike and capacity shortage by this Christmas, the collapse of the world’s seventh largest container line serves as a dose of cold sea water to companies who value transparency, visibility, and accountability from firms that move their goods.