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Innovations in technology are driving a wave of positive transformation in trucking. Truck companies now have easier cargo tracking and fleet management. Modern tools and software also help improve communication and customer satisfaction.
As per the latest reports, the global freight trucking market, valued at $135419.45 million in 2024, is expected to grow at a CAGR of 10.01 percent, reaching $240097.81 million by 2027.
At the core of this growth is a gamut of disruptive tech trends, fundamentally changing the trucking industry for the better. The Internet of Things (IoT) is providing better location tracking, environment sensing, fleet management, eco-friendly shipping and supply-demand balance.
A range of big data technologies are making way for efficient delivery. With access to precise information on the location and realtime data analysis, companies are revolutionizing the supply chain and ensuring speedy and timely delivery of goods. Many trucking businesses are also investing in cutting-edge driver safety monitoring solutions to reduce accidents due to driver fatigue and other reasons.
E-logging is another pivotal feature that records trucking operation data like service hours, vehicle mileage, and driver performance, saving time and effort for transportation companies.
This edition of Logistics and Transportation Review brings forth the recent developments in the trucking arena and insights into how service providers are aligning with these trends to transform legacy practices.
It features thought leadership articles from industry experts, including Greg Javor, SVP, Global Supply Chain Operations, Mattel [NASDAQ: MAT] and Mike Rice, VP of Fleet Operations, Howard Sheppard. We also took a deep dive into the market trends to narrow the list of companies delivering robust trucking services. Equipped with innovative technological capabilities, trucking companies such as Quality Wheels Inc., and Trans American Trucking Service, Inc. help transform the trucking arena.
We hope this edition helps you build the partnership your organization needs to drive efficiency to new heights.
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