The transport industry is witnessing tremendous changes in terms of technology, we can almost terms it as crisis of innovation. With the global geo economy shrinking, consumers are demanding efficient and seamless delivery of goods and services.
Transportation of freights and goods is a highly competitive business, so any technology that improves margins is an added advantage. In fact, most leading fleet management companies providing innovative solutions and corporate vehicle management to large enterprises are investing in the latest tracking, and management technology. Here, we list some trends and innovations that can help improve business operations.
Recent research undertaken by TMW emphasises on the need for for authenticated secure data to consistently improve operations of the commercial vehicle industry. Companies need constantly updated data from the various suppliers and users to execute quick operations, which in turn means all the data coming through has to be secure and authentic. Blockchain technology, the latest tech extensively used in the financial world, can be used in the transport industry too because i is hack proof as all the data is interconnected and layered, making it almost unbreachable.
Blockchain is a decentralised digital ledger or data base of every transaction that takes place among pre-approved users in the network. The technology can work in any kind of transaction, including money, property or goods.
Truck routing software takes care of the narrowing margins, increasing competition and stringent environmental laws on emission, by delivering efficient systems.
Dynamic map routing is the most cost efficient way to deliver goods from point A to B with GPS and Advanced Fleet Management Systems. It allows flexibility in terms of delivery times, cuts road time and fuel costs and helps drivers to schedule efficient time tables.
The tracking system monitors driver performance, ensures safety and helps in pinpointing wear and tear in the vehicle parts. Data analysis reveals that driver performance can add or reduce fuel costs by 20-30 percent.
Transport carriers dealing in perishables and food supply can invest in sensors and internet of things connected devices to measure temperature and state of perishables and help in maintaining the same at optimum levels. IBM is offering a tech solution “designed to bring the requisite efficiency, transparency and authenticity to food supply chains around the world,” in partnership with the concerned sectors.
Cargo volumes can be detected, filled, and IoT can even be used to authenticate payment transactions.
Platooning is the networked operation of a fleet of trucks maintaining optimal distance and speed for highest efficiency. It reduces fuel consumption and increases efficiency by almost 18 percent. Bernhard Mattes, German Association of the Automotive Industry (VDA) president, said at an international conference, “The digitization of traffic opens up completely new opportunities for making mobility smoother and more efficient in large metropolitan areas and beyond. That reduces emissions. Most importantly, digitization, connectivity and automated driving will bring about a quantum jump in road safety.”
The commercial transport industry is set to witness the same disruption that the public transport system has witnessed in recent years with new digital applications providing a seamless connection with other sectors like shippers, freighters, storage etc and making it more dynamic and integrated. Technology creates data, which when analysed properly can be used to plug gaps, create efficient systems and sometimes lead to innovative solutions.