How IoT Can Transform Trucking
The popularity of global ecommerce shows no signs of slowing down, and millions of shipments continue to be moved around the world every hour of every day. That means the timing couldn’t be better for the Internet of Things to start taking the logistics world by storm.
Taking a look at the field of trucking can help illustrate just how dramatically technology is poised to transform the logistics space. The American Trucking Association estimates that the industry will see a nearly 30 percent rise in freight volumes in the next nine years, and trucks are looking for smarter management systems that can help them maximize revenue while keeping costs and downtime low. Empty truck movement can add 15 percent to operating costs, so efficiency improvements can bring about considerable cost savings.
New Levels of Efficiency
IoT technology can help trucking reach new levels of efficiency. For example, a shipping app that connects shippers with truckers could alert shippers to the availability of rental trucks in their area. After posting their requirements, such as destination, type of goods, and capacity, the shipper will be presented with the option to rent an entire truck or share one.
The app will take care of calculating available capacity and making sure it lines up with the shipper’s requirements before connecting them. Truckers will then be given the option to accept a job on a first-come, first-served basis.
The shippers will be able to track trucks using the app, which will display real-time driving locations. The app will also handle payments. Such a solution could help cut out the middleman, saving the 15 to 20 percent charges that third-party brokers often place on such services.
This could be further enhanced by using data analytics to make recommendations regarding route optimization and consolidation. This type of visibility could help boost fleet efficiency and maximize fuel economy. Logistics providers that leverage IoT in this way have a world of benefits awaiting them.
This blog post was based off of an article from Inbound Logistics. View the original here.