For transportation companies to remain competitive, they must use existing technologies and improve the quality of their services substantially. Globally, goods are transported on a large scale. Considering this, the trucking industry contributed more than $150 billion to the Gross Domestic Product (GDP) of the United States in years prior. With such an impactful industry such as the transportation industry, growth is inevitable.
The key to the success in the transportation business is offering the most cost-effective, flexible, and efficient services. That’s why shipping companies should turn towards the most recent trends in transportation and follow the strategies that will help to outcompete the other market players.
Here’s what’s going on in the transportation industry as of 2021:
- Cloud-based System Automation
- Improved Mobility Services
- Visibility GPS Systems
- Blockchain Distribution
Cloud-based System Automation
Cloud-based systems adoption in the transport industry is one of the biggest trends for 2021. Since cloud-based platforms have essentially forced companies to switch to SaaS digital models, companies in a variety of sectors within the transportation industry are now making use of these scalable systems that provide access to innovative digital resources. Cloud-based systems and automation allow transportation companies to reach higher profitability and exceed the common returns of on-premise systems’ capabilities.
Learn more about Drive M&W’s driver requirements and benefits!
Improved Mobility Services
Similarly, the need to make travel more smooth and hassle-free is mostly manifested through the rise of MaaS in 2021. With an increased desire towards minimizing stoppages or checkpoints in the transportation industry distribution route.
In order to optimize the infrastructure of this industry, the creation of updated mobility hubs for multimodal transportation, creation of platforms for ticketless travel, and the introduction of the innovations in micro mobility have improved distribution times within the last few years. We expect to see this only continue as mobility automation services improve.
Visibility GPS Systems
A key trend driving the transportation industry this year includes the adoption of increased tracking technologies and adjustments. Specifically within the e-Commerce, retail, and logistics sectors, increased traceability is increasingly important.
Anti-theft GPS, for example, provides near-real-time tracking of entire fleets and individual items in transit. These additional security protocols are continuing to be imposed as to also help prevent losses across the board.
Regulation Improvements
With the increases in technological system advancements in the transportation industry, a need to update and alter regulatory compliance became important as well. Whenever possible, commercial transport companies should remain up-to-date on any new requirements and regulations adopted or altered by any local, state, or federal government.
Blockchain Distribution
Blockchain Distribution Technology has become another key trend in the 2021 transportation industry. This transformative technology trend ensures the accuracy of performance keeping records.
For example, when a truck gets sold for the second time, potential customers may have questions about how this vehicle was used. The immutability and transparency of blockchain transactions mean that all parties involved in a transaction can trust the truck’s past information.
Similarly, blockchain technology utilized in the transportation industry incorporates capacity monitoring. When it comes to distribution, the cost of transportation depends on cargo volume. Through this technology, the use of IoT sensors can help determine the amount of space a particular cargo occupies.
This data can be used to calculate the shipment cost, and can keep that data stored along with other distribution info in a blockchain-based system signed with a smart contract. This can help to allow self-executing payments on a base of the amount of space taken by the freight.
Drive M&W Trucking Jobs
As an ever changing industry, sectors within the transportation industry can provide reliable, interesting careers. Drive M&W, a division of the M&W Logistics Group, a 3PL company based in Nashville TN, is always looking for career-minded truck drivers for our truckload transportation business.
We know the value that a good truck driver can bring to a supply chain and we’re always looking for the next experienced truck driver. We always have freight lined up and ready to go at our facility for our CDL drivers to take to the next destination so there is no shortage of work available for those looking for a truck driving career.
Join us and earn more with a steady and consistent truck driving job in Nashville. M&W knows what CDL truck drivers want from a job: a good salary, more time at home and being treated with respect. Join the Drive M&W team today!
