According to CNBC, the trucking industry is seeing an increase of technology solutions to assist with inefficiencies.
Technology solutions are helping truck drivers, who are often small business owners, find customers, pinpoint economical routes, track shipments, and other things. For example, Convoy, a company that produces artificial intelligence and machine learning tech, developed an app that helps match trucks and shipments, enables drivers to bid on jobs, submit bills, and receive payments quickly, CNBC says.
“We’re trying to help trucking companies and truck drivers run their businesses more efficiently,” Dan Lewis, CEO and co-founder of Convoy, told CNBC.
Similarly, Flexport, a company that produces AI, cloud computing, IoT and machine learning solutions, is helping truck drivers and other package delivery services (sea, air and rail deliveries) move from paper filing systems and communications to all things digital. Specifically, through its cloud software and analytics platforms, truck drivers and other delivery decision makers are able to run their businesses through an “operating system for global trade.” CNBC says this attribute has recently helped Flexport identify customers that were affected by the latest tariffs on imports; its cloud-based software and data analytics platform helped the company reach out to customers, such as Hong Kong-based companies, and “begin working with them on mitigation strategies.”
Finally, tech is anticipated to help with the decline in truck drivers, too; the American Trucking Associations predict that the industry may see a shortage of up to 174,000 drivers by 2026, due to age, long stays on the roa,d and intensive driving requirements that “make recruiting difficult,” CNBC says. As a result, autonomous driving companies like Waymo, Otto, and Embark, and automakers like Volvo and Tesla, are working on autonomous trucks. Fully autonomous trucks intended for major highways and “depot-to-depot” trips may be on the road as soon as 2027.