2023 Freight Trends to Watch For
The transportation industry has been dealing with challenges for decades. What is top of mind right now for many shippers and carriers? How are freight brokers and freight forwarders helping to address these logistics issues?
Technology As An Asset
One trend that is beginning to emerge in the freight industry is the increased use of technology for optimizing the entire transportation process. As the technology continues to progress, it can be used to identify trends in traffic, forecast pricing, and track shipments, all of which can help better manage the cost, timing and uncertainty of the shipment. In addition, technology can be used to reduce paperwork, identify optimal routes and improve communication between parties, leading to a more efficient and effective shipping process.
The adoption of artificial intelligence is also increasing in the freight industry. AI-based software can be used to quickly and accurately identify patterns in the historical data from past shipments, allowing shippers to create more efficient, optimized shipping plans and anticipate issues before they arise. In addition, AI can predict when a shipment will arrive and suggest alternate routes in case of delays or disruptions.
Our logistics professionals help our customers gain access to data that will help them make better decisions. We work hard as a freight broker to bring value to our customers by providing tools and information that feed their strategies.
Fuel On Our Mind
Fuel prices are always on our mind in our industry. The national average price of diesel has fallen 10 of the past 13 weeks. But the cost is still higher than it was a year ago.1
This means that for companies looking to stay competitive, now is the time to reexamine their fuel costs, and start to explore ways to maximize fuel efficiency and minimize fuel expenses. There are a variety of strategies that businesses can use to reduce their fuel costs and save money.
For instance, businesses can focus on reducing the amount of time drivers spend on the road by optimizing their delivery routes. Doing so can cut down on both fuel costs and driver fatigue. In addition, fleets can review their vehicle maintenance and ensure they’re running as efficiently as possible. Regular maintenance and optimization can also help to extend a vehicle’s lifespan and improve its fuel efficiency.
Ultimately, there are many ways businesses can reduce their fuel costs. However, it’s important for them to weigh the costs and benefits of each strategy before making any decisions.
As the freight industry continues to evolve, it will be interesting to see how these trends and technologies come together to create even greater efficiencies and cost savings.
RMX Global Logistics
Since our inception in 1983, our ever-growing customer base has evolved from its original foundation in the food industry to include other industries utilizing our full spectrum of brokerage services.