Here are some interesting freight transportation industry statistics you should know. The global logistics market is expected to grow at a CAGR of 3.48% from 2016 to 2022. There have been a number of emerging digital trends like the use of unmanned aerial vehicles , autonomous trucks, artificial intelligence , and augmented reality . All these factors, coupled with the socio-political and economic factors, have had a telling impact https://uss-express.com/reviews/customers/ on the transportation industry. In times of war supplying troops with the proper equipment and supplies was a logistics function. Logistics has evolved since the 1950s with the rise of consumerism and the subsequent growth of more complex supply chains. Logistics companies plan, implement, and control the movement and storage of goods, services, or information within a supply chain and between the points of origin and consumption.

Switch to your chosen country or regional website and discover our services for each location. Besides, the road sector accounts for up to 72% of the total emissions by the EU transport industry.

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The concept of the final mile is driving the companies to focus on mergers and collaborations that not only helps them to expand globally but also enhance their service quality holistically. The market is relatively fragmented with a large number of local and international players. The report presents information related to the key drivers, restraints, and opportunities of the global logistics market with a detailed impact analysis.

With the help of BCT, all inefficient and incompetent supply chain will be eliminated. Businesses are getting transformed with the help of blockchain-based supply chain solutions which offer end-to-end decentralized processes through DLT and digital public ledger. In the year 2019, the spot rates of the trucking industry experienced a deep trough uss-express.com reviews while the contract rates managed to stay considerably flat. The flat contract rates were the result of the stable US economy, increasing consumer spending, and increasing involvement of logistics in the e-commerce sector. USMCA (US-Mexico-Canada Agreement) entered into force on 1 July 2020, replacing the North American Free Trade Agreement .

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With a score of 8.9, China is the leading emerging market based on the Logistics Performance Index. Also, https://www.mapquest.com/us/illinois/uss-express-delivery-431152295 the global Intelligent Transport System market in roadways will reach more than $72.3 billion by 2022.

• As you will find out, digitalization is changing nearly every aspect of the transportation industry.
• Indeed, several convenience stores in Japan and shipping companies offer this service.
• At its core, blockchain is a ledger technology that enables efficient and transparent exchange of data.
• Interestingly, ground transportation industry statistics, road freight the dominant segment, controlling nearly one-third of the total global logistics spend ($1972.9 billion).

Electronic infrastructure mainly refers to IT facilities and capabilities, though IT provides an important and mostly unique infrastructure for knowledge-sharing systems. Other new technologies relevant to logistics management such as radio frequency identification and global positioning system are also dependent on IT.