3 Issues Affecting the Transport Industry: AI, Shared Truckloads, and Climate Change

The transport industry is a critical component of the global economy. It provides the necessary infrastructure to move goods and services across the globe, enabling businesses to operate efficiently and effectively.

Transport Industry

However, like any industry, it is not immune to challenges and struggles. In this article, we will explore three significant issues affecting the transport industry, as identified by Oren Zaslansky, the founder and CEO of Flock Freight: the benefits of artificial intelligence, the opportunity to share truckloads, and the impact of regulations on climate disclosure proposed by the SEC in shipment.

The Benefits of Artificial Intelligence

Self driving Truck

Artificial intelligence (AI) has been a buzzword in the business world for a few years now, and the transport industry is no exception. According to Zaslansky, AI can help companies make their supply chains smarter and prevent future disruptions. The key to this is collecting data from various systems and bringing it together so that it can be put into context for the first time. Modern AI and machine learning can then be applied to help companies make more informed decisions and predict future changes that may affect their supply chains.

AI is already proving its value in supply chain management today. “These models learn,” Zaslansky adds, but their ability to learn depends on access to a sufficient amount of data so that they are statistically relevant. For instance, AI can analyze weather patterns, traffic conditions, and even social media sentiment to help companies anticipate potential disruptions and make adjustments accordingly. Additionally, AI-powered systems can help shippers and carriers optimize their routes and make the most of their resources.

The Opportunity to Share Truckloads

flock freight

Another major issue in today’s supply chains is the need to make better use of existing cargo capacity. Zaslansky notes that many trucks are now only half full. “If we can raise freight rates, that means more economic activity for carriers and lower costs for shippers. We don’t want to keep adding trucks and trains. First, we will use the maximum capacity currently available through the shared space.”

Most shippers have the ability to aggregate their orders through a platform. However, neutral third parties can perform this task through nominal competitors or even the industry. “A lot of elements can be grouped together in a very unfamiliar way,” Zaslansky said. The product is clear to the naked eye. By sharing truckloads, companies can reduce their carbon footprint and lower their transportation costs. It’s a win-win situation that benefits everyone involved.

The Impact of Regulations on Climate Disclosure

trucking climate change

Finally, Zaslansky notes that regulations on climate disclosure proposed by the SEC will have a significant impact on the transport industry. According to the proposed rule, companies will be required to disclose their greenhouse gas emissions and other climate-related risks in their annual reports. This will help investors make more informed decisions and incentivize companies to reduce their carbon footprint.

The transport industry is a significant contributor to greenhouse gas emissions, and this new regulation will likely have a significant impact on the industry. Companies will need to invest in technologies that reduce their emissions and improve their sustainability. This could include the adoption of electric or hybrid vehicles, the use of alternative fuels, and the optimization of their supply chains to reduce unnecessary transportation.

The three significant issues discussed by Oren Zaslansky highlight the importance of adopting emerging technologies such as artificial intelligence to optimize supply chains, share truckloads to reduce costs and environmental impact, and prepare for upcoming regulations on climate disclosure.

Adopting AI and machine learning in supply chain management provides companies with real-time insights into their operations, enabling them to anticipate potential disruptions, optimize routes, and make informed decisions that benefit both carriers and shippers. It also helps companies improve their sustainability efforts by reducing their carbon footprint through more efficient operations.

The opportunity to share truckloads provides another way for companies to optimize their resources, reduce costs, and lower their carbon footprint. By sharing space, carriers can use their existing capacity more efficiently, reducing the number of trucks on the road, and thereby reducing emissions. Companies can also benefit from this approach by lowering their transportation costs while still ensuring timely delivery of goods and services.

Finally, the proposed regulations on climate disclosure will require companies to be more transparent about their environmental impact, including their greenhouse gas emissions. This presents an opportunity for companies to demonstrate their commitment to sustainability by investing in sustainable technologies and reducing their carbon footprint. In doing so, they will not only comply with the regulations but also benefit from the growing demand for sustainable products and services.

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