The trucking industry has been dubbed as the country’s lifeblood. But like any sector, the ongoing changes in technology, economy, and infrastructure will potentially disrupt the industry in general. Many issues seem to pose some challenges, especially to small owner-operators. But, despite most of these issues, one thing is clear – that is trucking will always remain relevant and essential even in today’s increasingly modern society.
As we usher in a new decade, here is a closer look at what we can expect to happen in the future of trucking.
There is always room for more
An ongoing issue within the industry is the shortage of drivers. As such, there is an opportunity for employment and at the same time, new businesses. Small trucking enterprises can take advantage of business loans for trucking companies to start as owner-operators. Indeed, the demand continues to increase, and carriers are already raising pay to attract experienced truck drivers. Surely, with this demand also comes the positive outlook that the future of the trucking industry is bright, whether for business owners or drivers.
Leveraging technology to advance the industry
The role of technology in business is undeniable. Mobile technology, for example, is a natural fit for trucking companies. For example, you can use apps to keep track of drivers and collect real-time data while they are on the road. The data you gather may be used to make better decisions that can lead to more revenue and bottom line. In addition, mobile technology also improves employee experience. As they can take better control over their work schedules, they are empowered and confident in their jobs.
A new generation of skilled truck drivers
As transportation technology also improves, the industry will demand advanced skills from truck drivers as well. For example, self-driving vehicles will likely be limited to operate along a predetermined point to point route. As such, the opportunities for long-haul transport will be created as a result. There is also a possibility for trucking companies to operate in urban locations and shorter trips. With regards to these point-to-point operations, there may be a demand for skilled workers who can monitor and control these operations.
Use analytics to drive your business
Data analytics has played a significant role in business for the past several years. Trucking companies and those involved in logistics can genuinely take advantage of data to monitor market trends, improve efficiency, and increase business revenue. The more information you have regarding how your drivers perform on the road, the more visibility you have on strengths and opportunities. For example, how much time do driver’s stay on the road? Are there delays? What are the common causes of these delays? Are the wait times longer than expected? What can you learn about the factors that affect these wait times?
Information is a powerful tool that can change how you manage your trucking business. Indeed the future of the trucking industry is fuelled by transportation innovation, enterprise mobile tech, and the growing demand for improved logistics all across the industry.