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How trucking and logistics in the USA are changing due to technology and regulations in 2019

In 2019, so many industries are expected to experience some changes due to the rise of new technologies and regulations in the United States. One major industry that won’t be left out is that of trucking and logistics, it is expected that the recent advancement in technology will help simplify processes, automate task and yield positive results.

Here are some changes expected in the trucking and logistics industry in 2019.

  • There will be a shortage of Truck Drivers: Despite the rise in demand in truck drivers by most trucking and logistics companies, the number of qualified truck drivers in the United States over the years has continued to dwindle due to the aging workforce. The problem is expected to escalate more in 2019. According to the US Bureau of Statistics, the major reason why there has been a shortage of truck drivers can be attributed to demographics. In the United States, the average age of a truck driver is 55, and most of them want to retire after 20 years of service, which implies that the shortage will continue throughout 2019. However, there are indications that some driverless trucks will be deployed to the United States in the next few years to help reduce and minimize the demand in truck drivers. There are also efforts to allow younger drivers, women, and minorities operate in interstate. For instance, in countries like Canada, Indian-American Sikhs are now allowed to drive trucks significantly.
  • Blockchain and Big data are expected to revolutionize trucking and logistics: At present, there is a high demand for Information Technology in the trucking and logistics industry due to the large number of importers and exporters trading globally. Only in the United States, there are over 408, 000 small and mid-sized importers and exporters who are using IT services in their logistics operation. In 2019, it is also expected that both large and small scale importers and exporters will take advantage of big data and blockchain technology in growing a safer supply chain globally. Blockchain technology will make a huge impact on trucking and logistics; it will not only make the supply chain safer, but it will also increase transparency, reduce time spent on paperwork, and maintain access to original information without fear of having such information’s tampered with. Big data, on the other hand, will enable importers and exporters working with freight companies to automate processes and minimize human errors. All they need is to simply press a button and have their shipment specifications approved, see their cargo loaded and track some milestones like arrival dates, and delivery receipts.
  • Cryptocurrencies will create a safe payment system: The creation of cryptocurrency as an alternative payment system will be widely accepted leading to a safer payment system that takes customers privacy seriously. This new payment system will also accelerate the trucking and logistics industry because shippers can pay for their goods in seconds and freight companies can also serve as intermediaries that make the payments more flexible.
  • Small fleet attraction: In 2019, it is also expected that drivers will choose a small fleet that large once because small fleets make it easier for them to work.
  • Finally, the recent technological advancements all over the globe are clear indications that change has come to the trucking and logistics industries and all stakeholder such as importers, exporters and freight companies must brace up to embrace this change or be caught off guard.

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