Route optimization software can save substantial fuel for trucks and airplanes.
Many look to alternative fuels and hybrid-electric vehicles. But information technology has an important role to play in making existing vehicles more efficient, particularly when it comes to aggregating small gains across large fleets. Take something as simple as reducing left-hand turns. For US drivers, this means less time idling in the middle of the road waiting for oncoming traffic to pass. Collectively, Roadnet clients save an estimated 205m liters of fuel a year and can cut 85k trucks and cars out of their logistics systems.
2013-07-26: What Was a Truck Driver? The US commercial truck fleet has 253m trucks, and employs 5.7m truck drivers. Within 20 years, that should go down to 0 drivers.
2014-05-30: Software truck convoys. This kind of mundane driverless car will be on the road very soon, already saves 10% fuel and can save up to 20% if the distance is further reduced.
2016-11-24: Automating trucking
Across China, 7.2m trucks and 16m drivers are responsible for intercity transportation of goods. This industry is worth $300b, and drivers account for 40% of the costs. Some long-distance trips across China require 3 drivers to complete. The truck freight industry in the US is even bigger, valued at $700b.
2016-12-16: Matching Truckers
Amazon is building an app that matches truck drivers with shippers, a new service that would deepen its presence in the $800B trucking industry. The app is designed to make it easier for truck drivers to find shippers that need goods moved. It would also eliminate the need for a third-party broker, which typically charges a commission of ~15% for doing the middleman work.
2023-01-17: Another take on the trucking industry
In 2022, that figure is 3m truck tractors on the road. From there, we can estimate the average yearly net transactions per truck at $340k per year. Multiply the 2 numbers together, and we get $1.04t!
Trucking is a potpourri of different services and needs. There’s drayage: the process of moving containers from docks to warehouses. There’s reefer (refrigerated truck): the truck trailer is temperature controlled. There’s hazmat: transport of hazardous materials. Flatbed, dry van, tankers, partials, hotshots, box trucks, and more.