Across the world, businesses in many industries are gaining interest in the latest cutting-edge technology: blockchain. Around 66% of global organizations have some level of interest in blockchain, with almost 10% currently experimenting with or deploying it.
As more and more industries adopt advanced technology, streamlining business operations, and improving transparency into performance, technological terms are starting to become common in day-to-day conversations. For example, “blockchain” is a term that many professionals in a wide range of industries have become acquainted with. It’s no wonder when worldwide spending on blockchain solutions is expected to grow from 1.5 billion in 2018 to an estimated 11.7 billion by 2022.
Remote tank monitoring has been surging in popularity recently, and for good reason — the benefits it holds are staggering for both the consumer and supplier. With this rise in popularity comes the emergence of various competing tank monitoring solutions with wides ranges in quality and functionality.
Remote tank monitoring is one of the fastest-growing innovations in the trucking industry. Suppliers are realizing more and more that remote tank monitoring is a must-have addition to their current technology suites rather than a nice-to-have. In fact, a Berg Insight report revealed that in 2017, the number of active remote tank monitoring solutions reached almost 1.8 million units worldwide and 600,000 units in North America.
New technology is constantly developed to streamline trucking operations. In fact, technology is expected to eliminate $236 million in trucking operational inefficiencies over the next four years.
The road to full compliance with the electronic logging device (ELD) mandate has not been a smooth one. That being said, the Federal Motor Carrier Safety Administration (FMCSA) knew that it would take time for trucking companies to install ELDs in all commercial vehicles, and subsequently created a staggered implementation timeline to ease the transition.
But the final deadline is approaching quickly.
While December 18th of 2017 was a soft deadline requiring trucking companies to use either ELDs or existing automatic on-board recording devices (AOBRDs), by December 16, 2019, ELDs are mandatory for all drivers and carriers who are subject to the ELD rule. (In general, that means all drivers who maintain Record of Duty Statuses (RODS).)
Read on to learn about AOBRDs and ELDs — and how your fleet can make the transition with ease.
Almost every aspect of business operations are moving online — and for good reason. The accessibility and organization which online services offer improves operational efficiency and reduces costs — and as we’ve previously covered, operating costs in the transportation industry are on the rise.
For bulk transporters in today’s era of transportation and logistics, efficiency is key -- and there’s no better way to reach peak efficiency than with the right technology at the fingertips of your drivers and dispatchers.
When was the last time you evaluated your technology stack or explored alternative solutions on the marketplace? If bulk transporters are locked into long-term contracts, they’re often left behind. With stiff competition between transportation companies and technology solutions providers, products should be updated regularly and companies should be ensuring their technology meets their needs.
In February, Vertrax announced its move to a SaaS model and introduction of subscription-based pricing. Both its Welltrax and SmartDrops solutions will be available for no upfront cost and a competitive, flexible monthly subscription.
This change allows companies to avoid the “trap” of a long-term contract, to adjust plans as their fleet needs scale or shift, and to continually evaluate against the market. It allows us to make regular, easily deployable updates to drive innovation, meet market demands, and work to earn your business every month.
We’re transparent (and excited) about what’s ahead for both products; we recently explained some improvements in the works for SmartDrops, and here we highlight a few key updates under development for Welltrax, our solution for transporters hauling bulk commodities like crude oil, propane, sand, water, NGL, chemicals, gravel, and more.
In the trucking industry paper log books are going, going, gone by December 2017. The Electronic Logging Mandate set forth by the Federal Motor Carrier Safety Administration states that all commercial truck drivers will use electronic logging devices in place of paper logs. To comply with this ruling, and to prepare your business for the future of trucking, check out the benefits of updating your trucking fleet now to meet these tech needs.
Dispatchers are the behind-the-scenes heroes of the trucking industry. Yet these individuals get the most grief from drivers and customers alike when deliveries are not made on time. While most obstacles of deliveries, such as bad weather or road construction, are often out of the dispatcher’s control, it remains the dispatcher’s role to make the delivery happen as requested no matter what their drivers face. Enter the possibilities of real-time technology. Managing a trucking fleet with flexible, real-time technology optimizes your dispatch team’s ability to get freight delivered on time, every time. Consider the benefits of real-time technology for your dispatch team on a day-to-day basis, as well as for overall improvements to your trucking logistics.