How Technology is Revolutionizing the Trucking Industry
The technological development imposed massive changes in freight shipping. While many think of this sector as one steeped in tradition, companies have recognized the benefits of technology. This industry embraces innovation which changes the transportation process for the better. The implementation of some technologies is still unknown or in the early stages. This post explains more about the ways technology is revolutionizing the trucking industry. Read on and find out more!
Autonomous vehicles
Entirely autonomous vehicles seem like a fictional movie. However, implementing such technology is real. The industry advancements are promising, taking the world closer to self-driving trucks. The chance that you already have a grasp of advanced technology is enormous. You have tried the advanced security features if you have a new car. These features are a starting point for developing the concept of autonomous trucks. Lane assistance is one of the available innovations, notifying drivers when they drift over the lane markers. The technology ensures the vehicle stays within the lane. Another essential feature is the collision warning. It monitors for stationary objects ahead and alerts the driver. In some models, the system engages the emergency brake.
Internet of things
The Internet of Things involves devices that transfer different types of data. Their implementation can help optimize the supply chains. Precise location tracking helps companies get real-time information for their trucks. Also, drivers can reroute trucks in case of road congestion and ensure delivery arrives on time. The devices can also monitor the conditions for transportation. They can monitor the temperature and humidity, essential for perishable and luxury products. In addition, IoT devices can scan the truckload to determine if there is more available space. With this, the carrier can achieve optimal truckload.
The IoT devices also help with preventive maintenance. For example, Volvo has a remote diagnostic system that transmits the data picked up by sensors to their network. In case of problems, drivers will discuss them with their dedicated center to address them. Their program has been successful, reducing the average repair time by 24% and diagnostic time by 71%.
AI technology
Making data-driven decisions is a popular topic in the logistics industry. Collecting and analyzing data with the help of IoT is beneficial for the trucking sector. With tons of data available, organizing and displaying it is a problem. But companies rely on artificial intelligence to do this for them. AI can sort and analyze data, helping management bring informed decisions. This advanced technology can process significant data when the human brain can’t. AI can process large volumes of data quickly, which is beneficial for this industry. Even though the benefits are apparent, trucking companies still don’t implement AI to a large extent. About 12% of logistic companies currently adopt AI in their decision-making process. However, up to 60% of businesses are expected to adopt AI by 2025.
Route optimization is another task that AI can handle with ease. AI will analyze the vehicle capacity, warehouse lead time, traffic data, and other factors to predict an accurate arrival time. In addition, this technology will suggest rerouting in case of road congestion.
AI can also assist with demand planning. The advanced system will analyze current stock levels and predict the demand for specific products. As a result, AI will route deliveries to meet the demand.
While some of these innovations are still in their development phase, others are already in their testing phase. However, the trucking industry will feel the benefits of modern technology.
