What is LTL Freight? And how can tech improve Freight Management? Logistics requirements are on the rise, with online deliveries taking the spotlight. The need to transport goods, whether from a residential area, commercial area, warehouse, hub, or nearby store, has put additional pressure on the shipping industry to ensure smarter and more efficient deliveries. […]
According to the American Trucking Associations, freight tonnage hauled by trucks would increase by 27% (between 2016 and 2027). With global retail sales to touch $27 trillion by 2020, it just adds to the problems of high volume and restricted resources. Most of these companies would win or lose based on how they optimize their last mile deliveries.
Polar Vortex can disrupt logistics movement pushing up freight rates due to a shortage of trucks and drivers. Shipments may be delayed either due to rerouting away from snow-blocked highways or, being detained due to traffic bottlenecks. Multi-modal transport via railroads and ports are also affected.
We saw last mile delivery being used as the key input in all omnichannel strategies. We saw localization in distribution strategies centered around making last mile delivery more effective. We also saw machine learning being implemented successfully in logistics and field workforce planning. These trends would be the greatest influencers in 2018 for logistics and field workforce management.
It is time our industry stopped chasing Uberization and created an Airbnb model. In trucking, Uberization is still transactional brokerage. There are key differences in the personal transport versus the freight market. What we need is a pay-per-day model that allows for short-term dedicated capacity, rather than long term dedicated contracts.
The next big thing, FaaS, is slated to cover more than 30% of total logistics management growing to $900 Billion by 2030. These numbers are striking enough to sit up and talk about the utilization of FaaS and how it would affect the fleet management systems already in place. How would it work?
