Tag: logistics

Corrugated Packaging Market Trends

Top Corrugated Packaging Market Trends in 2019

As the volume of global trade and e-commerce sales continues to increase around the world, the corrugated packaging market is has been witnessing significant growth over the past few years. More and more businesses are trying to reach larger customer bases in different regional markets and having a proper logistics network is essential for ensuring safe delivery of goods. Corrugated packaging plays a vital role in preserving the status and condition of goods to be transported by providing extra strength, resilience, and protection against environmental factors. It is expected that the global corrugated packaging market will grow faster over the next few years, primarily driven by factors such as an increase in economic activities in developing countries and the growth of e-commerce industry.

Global Corrugated Packaging Procurement Market Overview

The global corrugated packaging industry is expected to witness a category spend reaching USD 250 billion by 2021, with the spend momentum accelerating at a CAGR of nearly 5% from 2017 to 2021. This increasing spend on corrugated packaging will be primarily attributed to growing demand from end-user industries such as manufacturing, automotive, processed food, and e-commerce. In the e-commerce industry, vendors are using corrugated packages for shipping goods from their facilities to customers. One of the main benefits of using corrugated packaging is the rigidity and cushioning of corrugated packaging material that can ensure products being shipped are safe. Other benefits include higher cost-efficiency and eco-friendliness.

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Top Corrugated Packaging Market Trends in 2019

 

Do-it-yourself Corrugated Pallets

A growing number of packaging and logistics companies are now opting for do-it-yourself corrugated pallets that can be assembled in-house. Such pallets are an engineered material that does not have any defect, and additional tools or equipment are not required. Consequently, it ensures safe assembly of corrugated packaging and results in cost savings in terms of logistics.

Corrugated Point-Of-Sale Display

There has been an increasing adoption of corrugated point-of-sale display within the retail sector as it offers high visibility at a relatively low cost. Additionally, it can be easily customized and installed at any location in a retail setting. Floor display, counter display, pallet display, endcap display, and sidekick display are the different types of corrugated point-of-sale displays available in the market.

Recycling of Corrugated Packaging

As corrugated cardboard sheets can be easily disassembled and made of recyclable material, companies are putting an effort towards recycling the corrugated packages. Also, by recycling the corrugated cardboard, fibres can be produced and reused for manufacturing of new corrugated packages. Almost 90-94% of corrugated packages are recycled every year.

Corrugated Package for Premium Packaging

Corrugated packaging is finding its way in the premium packaging of expensive consumer products such as perfumes, jewellery, and gift boxes to indicate high cost and quality of the product. Companies are using corrugated packaging for premium products as they are not only cost-effective but also is light and durable. Additionally, it can also be coated with adhesives and undergo treatment to make it flame resistant.

 

Read more about the top trends for corrugated packaging along with pricing trends, procurement best practices, supplier risks, pricing insights, strategic purchasing, and procurement insights in SpendEdge’s Global Corrugated Packaging Industry – Procurement Market Intelligence Report 

Outsourcing services

Top 3PL Service Providers in the World Today

Logistics has always been at the forefront of economic and business development. With increasing globalization, many global companies have started outsourcing their logistics-related activities to 3PL service providers since it helps them to concentrate on their core business functions. The third-party logistics (3PL) services industry has been expanding rapidly, driven by the rising awareness of the cost-saving benefits it offers. Consequently, revenues generated by the 3PL industry have risen drastically and its growth rate is now much higher when compared to several country’s overall GDP. At present, some of the most commonly availed 3PL services include warehousing, outbound transportation, inbound transportation, customs brokerage, freight forwarding, customs clearance. However, despite the promising growth of the logistics services industry, challenges such as the unavailability of effective reporting systems, lack of collaboration, and inability to meet shippers’ requirements pose major hinderances for 3PL service providers. (Source: Global 3PL Services Market – Procurement Market Intelligence Report)

Listed below are some of the major 3PL service providers who are making a name for themselves this year:

DHL

Headquartered in Germany, DHL currently employs more than 500,000 employees around the globe. They are among the top 3PL service providers in the world and offer a comprehensive suite of services to meet varying business requirements. From the initial stage of offering consultancy services to reverse logistics, DHL offers a host of supply chain solutions for every sector.

3pl service providers

KUEHNE + NAGEL

Founded way back in 1890, KUEHNE + NAGEL now has branches in more than 100 countries. They employ more than 75,000 people and are one of the best 3PL service providers in the world. What sets them apart from the other 3PL service providers is the fact that they are among the top three sea freight and air freight service providers in the world.

3pl service providers

DB Schenker

In 2016, Gartner recognized DB Schenker as the world’s leading company in the 3PL logistics industry. They are headquartered in Germany and have branches in over 130 countries across the globe. They are considered to be among the best 3PL service providers in the world with assets in air, rail, and maritime transport.

3pl service providers

Nippon Express

Specializing in logistics consultancy, Nippon Express is one of the well-renowned 3PL service providers in the world. They specialize in offering one-stop business solutions that help connect people in diverse geographical locations. Nippon Express was founded in 1937 and is currently headquartered in Japan. They employ more than 70,000 people and have offices spread across 42+ countries.

3pl service providers

C.H. Robinson

C.H. Robinson aims at improving global trade by delivering products and goods that facilitate commerce. They were founded in the year 1905 and are currently headquartered in the US, with offices spread across 39+ companies. They are one of the well-known 3PL service providers who aim to improve transportation and supply chains by delivering excellent value to suppliers and customers alike.

3pl service providers

 


The procurement market intelligence reports from SpendEdge offer a comprehensive cost and supply market analysis. This procurement report also offers insights into the major 3PL service providers and sheds light on the major cost and volume drivers and procurement best practices to save costs.

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4 of the Hottest Trends to Watch out for in Cold Chain Logistics

The cold chain logistics industry has gained immense popularity in the recent years. The main reason for this being, industries like food and pharma on the lookout for ways to make perishable items last longer and ship them to different parts of the world. Players in the cold chain market are adopting new techniques to improve their supply chain processes and incorporate new technologies to make their operations more efficient. The food industry is facing several dramatic changes to its supply chain, which are primarily fueled by rapidly shifting consumer demands. Consumers are largely focused on the food retailers’ “perimeter” real estate, which includes foods that generally require temperature-controlled storage throughout the supply chain. From the use of robotics in warehouses to the deployment of automation and using innovative ways to manage energy, ideas that were once confined to brainstorming sessions are now getting the significant investment they need to be deployed in the supply chRequest Demo_SEain. Here are four trends in cold chain logistics that you can expect to see in 2018:

Globalization of cold chain

Globalization of the supply chain is becoming the new aim of cold chain logistics. As a result, countries that once could not even afford eating out of season produce can now import all the food they want. This has greatly raised the demand for higher-end products that must be shipped quickly in order to ensure peak freshness and quality. Currently, the region expected to grow the fastest in the refrigerated transport market is the Asia Pacific region.

Improved packaging

The highly sensitive nature of products in industries like pharma and food are forcing players in cold chain logistics to resort to superior packaging technologies. However, with better, more insulated packaging, also comes higher shipping costs. For most small parcels, a 3PL can choose packaging ranging from a 24, 48, or 72-hour time period – and the cost will increase depending on how insulated the package is. International shipments must be given special attention to ensure they are working with a partner who can receive a shipment if a delay were to occur. Furthermore, manufacturers are adopting disposable green packaging materials, as well as reusable containers to help reduce waste.

Improved product quality

Spoilage of goods is a common occurrence especially in the case of perishable goods. Due to this, the food industry is increasing their focus and attention towards ensuring integrity, health, and quality of cold chain logistics. To accommodate this rising focus on quality and the consumer experience, refrigerated warehouses are working to maintain as many as five different temperature zones. This helps to prevent the changes in taste and texture that occur when a shipment stays outside recommended temperatures for an extended period.

3PLs cold chain

A shipper’s demand for visibility, efficiency and overall product freshness is what’s motivating cold chain 3PLs to offer a wider range of valuable services. For instance, shippers are increasingly requesting that food processing be postponed. Products are being held in cold chain warehouses and only once a specific order is placed is a product then prepared and packaged for shipment. This helps companies to generate higher capital cost and inventory savings.


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4 Ways to Save Big Bucks by Banking on Reverse Logistics Companies

REVERSE LOGISTICS

Logistics undoubtedly plays a vital role in improving customer satisfaction. If your logistics and supply chain does not fare well in ensuring on-time delivery at the best prices to the final customer, then customer loyalty and the success of your company ultimately goes for a toss. With the growing need for businesses to invest in new opportunities for logistics and supply chain development, several companies are turning to new capabilities such as reverse logistics.

Though reverse logistics is a relatively new concept, it is gradually becoming a full-fledged operation for most businesses. It deals with the processes for inverting the flow to deal with returned parts, materials, and products from the consumer back to the producer. Most often, this includes repair, damage, warranty recovery, value recovery, redistribution, product recalls, service or product contract returns, and end-of-life recycling. 

The million-dollar question that companies have to ask is whether they should rely on in-house reverse logistics or outsource it to a third party who has expertise in the function. A significant drawback of managing this function in-house is that it takes away time from focusing on the core functions of the business. Here is why outsourcing the task to reverse logistics companies can prove to be more beneficial for your business:

Benefits of Banking on Reverse Logistics Companies

Improve the company reputation

A strong reputation or goodwill in the market is key to repeat business and increasing revenues in the long run. Customers expect a hassle-free and easy process when it comes to reverse logistics. By outsourcing the function, companies can provide their customers with a single point-of-contact for dealing with all repairs, warranty replacements, or other needs after the sale. Consequently, this boosts the customer service level of the company especially when you have a dedicated team or person working on all reverse logistics needs.

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Focus on the core functions

Managing reverse logistics not only requires additional capital and time but also requires space. Companies will have to store products that are being repaired or sacrifice warehouse space for products that are awaiting recycling. This is where reverse logistics companies come to your rescue. They bear the costs associated with storage, management, and fulfillment of all reverse logistics processes, which lets the company focus on its key functions and operations.request proposal

Easier inventory management

When a company outsources its reverse logistics, it helps them to attain better inventory management levels. By relying on third parties, companies can focus on their actual inventory and not worry about SKU numbers, storage, and transport of reverse logistics. As a result, there will be fewer errors or delays in shipping new products to consumers and meeting ever-decreasing delivery windows. Also, companies cannot track what products consumers are more likely to return to based on malfunction. This translates to the fact that the concept of predictive inventory management and forecasting for reverse logistics could eat away the company’s profits. But with outsourcing, this burden is transferred on to another company.

Better flexibility

In the current dynamic market scenario, the ability to quickly respond to changes is a critical factor for success. Especially in this era where customers are armed with the power of social media and the internet, they can change their opinions and decisions almost immediately. Hence, modern businesses need to be flexible to meet these changing consumer demands. As reverse logistics companies are built on the changing business of its partners, it can help companies increase their flexibility without increasing their budget.


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2018: New Year, New Trends – Where is the Transportation Industry Heading?

Today, the importance of transportation is far greater than getting people and goods from point A to point B. Advancements in technologies have enabled the logistics and transportation industry to improve the quality of their services. Global businesses and international trade rely highly on the transportation services to move the flow of goods within the economy. Virtually everything around us from the clothes we wear to the device we use is sourced from multiple locations across the world. As every component has to be transported to different players across the supply chain, the overall cost keeps on increasing due to shipping charges and other value-added activities. As a result, the transportation industry is constantly on the lookout for ways to contain this cost. So what are the top trends in the highly competitive transportation industry for 2018?

TRANSPORTATION INDUSTRY TRENDS

Self-driving trucksSE_Demo2

Last year, the hype was all about self-driving cars and its ability to seamlessly drive around cities without any mishaps or accidents. This year though, the concept has evolved to bigger vehicles – self-driving trucks. A combination of AI and myriad sensors can correctly evaluate road conditions and learn how drivers behave under specific conditions. Additionally, vehicle-to-vehicle (V2V) communication systems can share learned information and improve the AI driving pattern. As a result, such self-driving trucks can potentially become better drivers than human themselves. Tesla recently announced Tesla Semi an all-electric truck with Tesla Autopilot, which allows semi-autonomous driving on highways.

Blockchain in logistics

One of the major problems faced by the transportation industry is the difficulty to effectively look at performance history and trace the flow of goods. Blockchain’s ability to provide security and transparency efficiently solves this complication as a logistics company can quickly recall the product back to its origin in case any damage is there. Additionally, if a potential customer wants to buy a used car, he may not have any information in the previous condition of the vehicle. However, with blockchain, all parties involved in the transaction can have a clear view of the past records. Another interesting use case of this technology can be to estimate the cargo space for specific shipping orders. The data can be used to calculate the shipping costs, after which automatic contracts can be executed when certain conditions are met and consequently stored into the blockchain network.

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Benefits of Warehouse Management System

A modern-day warehouse has to deal with large volumes of goods flowing in and out of it. The warehouse also has to manage recording item details, where it is stored, where it is to be sent among others. Manual systems may not be able to cope with such large volumes of data which has to be processed and retrieved instantaneously. This is where a proper warehouse management system (WMS) can contribute to increasing the efficiency of warehouse and in turn contribute to the company’s supply chain. A warehouse management system can be a standalone application or a part of an ERP system which enables centralized management of tasks SE_Demo2regarding inventory tracking and processing. Numerous have elevated the capabilities of warehouse management system to perform data-intensive tasks and incorporate RFID and voice recognition technology to enable automation.

Benefits of warehouse management systems

Space savings

Reducing the amount of clutter and properly organizing stocks can lead to savings in warehouse space. A warehouse management system allows the warehouses to properly organize the goods in such a manner that they take up less space. Enabling accurate stocking, slotting, and pulling of orders gives in-depth insights to companies in how much stock is needed so that they can procure only the required amount and avoid overstocking.

Reduces equipment wear and tear

Warehouses are filled with stocking and moving equipment including trucks, pallet jacks, forklifts, and carts. The more these equipment are used in a single day; the more vulnerable they are to wear and tear decreasing the life expectancy of the equipment. Increasing the machine idle time will ensure that the machines last longer. So, a warehouse management system can increase the machine idle time by eliminating the need to stock, pick and reset unnecessarily. They do so by reducing redundant picking routes, managing inventory optimally, and decreasing the per-equipment cost of shipping.

Reduces security vulnerabilities

Security is of the utmost importance in a warehouse. There might be instances of pilferage and theft within the warehouse by employees, which can be easily manipulated by changing stock numbers in a record keeping system. An effective warehouse management system will keep up-to-date records of inventory and provide authorized access to specific users. Instances of tampering can be easily identified with user-specific logins. Furthermore, automated systems like RFID can effectively eliminate such activities by keeping real-time information on inventory levels.

Increases customer satisfaction

A proper warehouse management system keeps accurate track of inventory levels and reduces errors in order fulfillment process. Eliminating such errors means that wrong deliveries are avoided, which would result in dissatisfied customer and increased costs in terms of reverse logistics. It results in goods getting delivered in proper condition to the correct customer each time, which increases the customer satisfaction levels and decreases the number of customer complaints.

Boosts workforce productivity

A typical warehouse is a very busy place with workers hustling and bustling to receive, stock, and dispatch items. A typical worker would have to move around a lot making multiple trips to the same place and also making additional trips to rectify errors. A warehouse management system reduces such errors and ensures optimal stocking so that workers would have to move around less within a warehouse. Additionally, it also reduces overexertion and allows workers to pick up more items in less time thereby increasing efficiency in order fulfillment. This may also result in the organization needing lesser workforce due to higher productivity gains saving them in labor costs.

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Supply Chain, Logistics and Procurement News Roundup of 2017

As the year comes to a close, we take a look back at the news and events that have shaken the world of the supply chain, logistics, and procurement. At a time when the pace of innovation is advancing rapidly, supply chain managers are having a hard time adjusting to new technologies. However, the changes are here for good, with companies being able to realize a multi-fold increase in efficiency and gains with new technologies and strategies. Apart from such technological innovations, various other factors have had a significantSE_Demo2 impact on the supply chain; some brought about by the people themselves such as the appointment of Donald Trump as the president of USA and others out of their control like hurricane Harvey.

Supply Chain, Logistics, and Procurement News Making the Headlines in 2017

Nike cuts Lead Time from 60 Days to 10

When it comes to improving supply chain efficiency, most notable changes that make the news report marginal gains or improvement of few percentage. But what Nike did with its logistics network by cutting down lead time from 60 days to 10 is just phenomenal. The sports goods manufacturer redesigned its logistics network, nearshored from more facilities, invested in automation, and invested in contract manufacturer relationships. Two years back Nike set up a 125,000 sq.ft. Innovation center which found a way to produce footwear uppers using 50% less labor and 30% fewer steps. They also made a strategic change to their sourcing model by adopting consumer on-demand model by digitizing their end-to-end supply chain. It enables the company to deliver exactly what consumers want with shorter lead times to deliver.

Policy Changes Under Trump Administration

The trump administration won the presidential election even after making conflicting claims and promises. However, it also promised increased employment opportunity, affordable healthcare, federal and corporate tax cuts, and decreasing dependency on China. The policy changes would widely affect the organization’s supply chain functions. For instance, in a bid to promote Made in USA, slapping a border adjustment tax (BAT) of 20% inevitably increases the cost of procuring goods from outside USA. Also, procurement and supply chain managers had to rethink their offshoring strategy, when Trump proposed a 20% reduction in the corporate tax rate.

Hurricane Harvey Sweeping Away the Ethylene Production

The Hurricane Harvey was the costliest tropical cyclone on record causing economic damages of about $200 billion and affecting 132 petrochemical sites located along the Houston Ship Channel. The hurricane resulted in chemical spills which released a large number of pollutants into the nearby ecosystem and also caused around half of the chemical facilities to go offline. The hurricane-induced chemical plant explosion caused an ethylene production setback of about 50,000 tons per day. Limitation in the ethylene supply also affected other industries along the supply chain such as plastics and natural gas. For instance, after the fall in ethylene supply, the majority of the polyethylene plastic manufacturing plant had to shut down.

The Brexit Referendum

Procurement management across the world could not have ignored the impact of Brexit on their procurement function keeping in mind the interconnectedness of the global trade. The effect was felt soon after the Brexit announcement as the value of pound sterling dropped by over 10% over the Euro, affecting the import and export of goods and services. Laws and regulations would impose increased tariff levels, and the UK would lose some of the free trade benefits they were enjoying. Additionally, it also impacted the labor market as it limited the availability of low-skilled migrant labor. Businesses across the UK will suddenly have a smaller pool of candidates to consider for filling their procurement positions.

China’s Greenest Supply Chain: Apple

The Chinese NGO Institute of Public and Environmental Affairs (IPE) named Apple the greenest supply chain in China after measuring environmental performance in the supply chain across 250 brands. Apple received a rating of 82.5 out of 100 with Dell following with a score of 81. The evaluation takes into consideration responsiveness and transparency, energy conservation and emissions reduction, and compliance and corrective actions of the companies.

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Impact of Autonomous Vehicles in the Logistics Industry

Numerous technologies have evolved in the recent times that look to radically alter the working of the logistics and supply chain industry. From 3D printers, workplace automation, and AI to big data all look like a promising tool to substantially increase efficiency and save costs. Autonomous vehicles or self-driving cars are amongst the latest technological innovation that seems set to impact the field of logistics widely. Sophisticated computer navigation, GPS technology, camera technology, and sensor technology together hasSE_Demo2 made it possible for vehicles to be driven without human intervention. Apart from the automobile companies, technology giants like Google and Apple have also invested heavily in this technology. So how exactly will autonomous vehicle impact the logistics industry:

Improved Safety

Although earlier in the year Google’s autonomous car crashed in Mountain View, people began to jump to the conclusion that using such technology in the logistics industry is unsafe. But people fail to address the success rate where it had already driven more than 1.4 million miles without a single incident. For comparison, the accident rate for cars driven by humans stands almost at two crashes per million miles. By eliminating driver related errors, autonomous cars significantly improve vehicle safety and ensure that the goods reach the destination safely.

Increased Efficiency

Self-driving cars are highly efficient and can make a split-second decision which humans cant possibly perform. With a little assistance from AI technology, an autonomous vehicle can crunch mountains of data to come to a decision, that too in a matter of a fraction of seconds. The autonomous vehicle can efficiently identify best travel routes to minimise time on-road, avoid traffic jams by following lanes rules, and drive at optimum speed and employ platooning to maximize fuel economy. Considering the savings in fuel and quicker delivery times, autonomous vehicles can vastly improve the performance of logistics companies.

Cost Savings

It is already evident that with advanced decision-making capabilities autonomous vehicles can save fuel and time costs. Additionally, improved safety will also avoid damage costs as well as insurance costs. As a result, insurance companies would be willing to accept a low premium amount for autonomous cars in the future due to their low error rate. Also, logistics companies will also save on personnel costs which is currently a significant part of the transportation costs.

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4 Little Changes to Obtain Big Savings in Shipping Cost

Companies can get competitive in terms of cost at a product level but face challenges maintaining the prices when shipping costs are taken into consideration. It is one of the biggest expenses for numerous small businesses. Depending on the nature of business and contract negotiation, shipping cost is either borne by the buyers or sellers. Regardless, since it accounts for a significant percentageSE_Demo2 of the product cost, companies are looking for measures to reduce and realize savings on the shipping costs. Here are some of the ways to trim the shipping costs to remain competitive in the marketplace:

Negotiation with Multiple Carriers

All shipping companies have pricing schedule based on volume, product type, and distance. It would be unwise to explore rates of multiple shippers constantly. Shipping needs of businesses may change over time and so may the pricing. Another place where small businesses can save money is while negotiating shipping volumes. Although service providers may affix a fixed rate for volume shipping, businesses can negotiate to lower the shipping rates for a fixed volume.

Reduce Shipping Errors

Majority of the money spent on the shipping cost of wasted in correcting shipping orders delivered to the incorrect location. Such errors not only increase the shipping cost but also increase the overall shipping time thereby reducing customer satisfaction and repeat business. Since small businesses may not be able to afford real-time wireless warehouse management system and bar-coding solution, it is necessary to double check all shipments against the original order to make sure the address is validated.

Using Packaging Provided by the Carrier

Proper packaging is essential to ensure that shipments reach the destination safely and intact. To ensure safety and for branding purpose, companies might want to use their own packaging which can incur an additional dimensional fee if the size exceeds regulations set by individual carriers. Additionally, companies can make simple packing mistakes such as using the wrong-sized box, using weak or compromised box, use wrong packing material, or poor taping job. Using packaging provided by carriers not only eliminates the extra-dimensional fees but also ensures that packaging job is proper. Companies can save as much as 10%-20% of the shipping cost this way.

Consider Hybrid Services

Many carriers are now offering hybrid services like FedEx SmartPost and UPS SurePost which can cost half as much as standard delivery options. Such services reduce the transit time, minimizes handling and maximizes cost savings. These services reduce the delivery cost by collecting packages from you and shipping them to the post office that is closest to the destination. The post offices then use local mailman to make the final delivery. Although it can lead to substantial cost savings, it can slow down the delivery time.

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A Futuristic View of the Logistics Industry

What will the future of logistics industry look like? Will it be as easy as ABC when the teleportation technology is finally ready? That may stand true in a very far future, but the technologies and developments at present doesn’t look to disappoint the logistics industry either. A number of disruptive technologies including IoT, autonomous vehicles, blockchain, robotics, and predictive analytics are impacting how the logistics industry will function in the near future. Such unprecedented change in technologies is bound to drive the supply chain to be leaner, faster, and automated. That’s a huge sigh of relief for procurement professionals who are having sleepless SE_Demo2nights due to increasing overheads and pressures to meet customer expectations.

The Future of the Logistics Industry

Underground Freight Networks

Today, the majority of the consumer commodities such as water, gas sewage, and oil are transported through underground pipelines. In the near future, delivery of the consumer goods may follow the same path. Some countries in Western Europe are already testing out ways to transport consumer goods through automated subterranean networks. For instance, in Belgium, the University of Antwerp started working on a project “Underground Container Mover” that would transport large 40ft containers along a 21km long conveyor belt carrying 5,500 shipping containers each day. Such systems would enable a constant flow of goods without the worry of traffic and accidents.

Autonomous Fleet

Fuel and vehicle costs are not the only major cost components for goods transportation in the logistics industry. The vehicle has to be manned by drivers and delivery personnel, which incurs costs. Also, drivers and delivery personnel can only perform a certain amount of deliveries in a day. So the companies in the logistics industry are looking at autonomous fleet solutions to solve such issues. One of the most popular solution in this regard is drone delivery which has been optimistically looked upon by Amazon. Autonomous vehicles are also making its way in the warehouse in the form of vision-guided fully autonomous mobile robots, which can automatically process orders and move inventory across the warehouse.

E-Brokerage Platforms

Digitization has highly influenced the logistics industry. The growth in e-tailing and connectivity technologies have brought in new solutions for the logistics industry. Digitization in trucking has forced traditional freight brokers to revamp their business model towards mobile freight brokerage solutions. Companies are looking to implement uberization of trucks in order to utilize empty spaces and contribute towards the sharing economy. In the future, apps may be able to match truck drivers with shippers requirement on routes, rates, and schedules. Such apps can also automate the delivery dispatch, status change, load-finding, and driver payment processes. The end result would be savings in operating and fuel costs by improving asset utilization.

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