Freight Shipping
The Internet of Things (IoT): The internet is helping to keep track of
where shipments are and their estimated time of arrival (ETA). This is
done with the use of a computerized chip, a reader, a database,
and a cloud-based GPS system—known as “radio based
technology”. The freight industry now has the capability to track a
shipment as well as the condition of the products. No more
scanning barcodes or checking confirmation receipts. With the aid
of this new technology , a shipment will be received automatically.
The company who ships the product and the consumer who is
receiving the package can verify shipment and track it all the way
to its point of delivery.
Electronic Logging Devices (ELDs): All commercial trucks and
busses are mandated by the Federal Motor Carrier Safety
Administration (FMCSA) to utilize these devices. This device is
meant as a way of streamlining service and increasing safety. The
ELD device is expected to save the industry $1.6 billion per year. This
savings extends to a reduced amount of paperwork, a reduction in
the downtime of trucks, a decrease in fuel cost and a lower crash
rate. This mandate is also expected to cut down on the number of
accident injuries and fatalities.