Technology improves efficiency throughout the supply chain

From aggregating freight to improving routing and visibility throughout the process, digital technology helps companies in the transportation and logistics industry get the most out of their trucks, trailers and more. assets.

During quarterly corporate earnings calls over the past two weeks, executives have highlighted the investments being made in future technologies and the returns generated by the digital tools they currently use.

For example, value-added logistics solutions enabled by technology are in high demand and contribute to a significant number of new business Ryder systemsaid the CEO Robert Sanchez.

Beyond that, Ryder has invested in startups focused on areas such as autonomous vehicle technology, e-commerce fulfillment, and digital technologies that support freight optimization.

“Our investments here are advancing strategic relationships to support the development of new products that benefit our customers and solidify our position as an industry leader,” Sanchez said.

Empowering people through technology

The increased visibility provided by a multimodal digital freight platform was highlighted during JB Hunt Transportation Services‘ call for earnings. Called JB Hunt 360, this platform helps customers efficiently find their capacity needs.

Read more: Inflation throws wrench in supply chain as freight traffic stabilizes

“We empower our employees, our organization and our customers to invest in technology to help ensure the productivity and efficiency of our collective processes,” said Shelly Simpsonwho was chief commercial officer and executive vice president of personnel and human resources at the time of the call and was named company president a day later.

Digitizing and automating the business, especially at the transaction level, has been a high priority at Schneider National. The company is seeing it start to pay off in its logistics business and is bringing those same digital tools to its other segments, Schneider CEO Marc Rourke said.

See more : Seasonality returns to trucking after years of pandemic panic

“We anticipate that over time we will become more of a tracking equipment-centric organization through the use of our technology and networking capabilities around assets – in this case, trailers – to aggregate freight on behalf of our customers,” Rourke said.

10% productivity improvement

Route optimization was highlighted by ArcBest during his earnings call, as CEO Judy R. McReynolds reported on the results of a pilot project.

Read also : Data offers a new path to profitability for logistics companies

“One of our fulfillment centers in Atlanta has really benefited from having this route optimization implemented and has seen an improvement in their productivity on the streets by more than 10%,” McReynolds said. “What you also saw from this setup was more capacity for growth because of the efficiency that was gained.”

The visibility that allows trailers to be deployed to the segment in which they are needed – on-road, dedicated or logistics operations – was cited as a means of providing customers with large trailer fleet capacity in Knight-Swift Transportation Holdings.

Read more: Inflation raises concern over truck loading as freight demand slows

“We definitely have more technology to develop,” said Knight-Swift’s president and CEO. david jackson said, “But between our ability to connect our systems across brands, our enhanced visibility and usage of trailers, and the real insights our reporting capabilities provide to our team, we’re leveraging technology to successfully navigate market, execute our strategies and deliver on our relentless efforts to be the most productive and have the lowest operating costs in the industry.



About: Results from PYMNTS’ new study, “The Super App Shift: How Consumers Want To Save, Shop And Spend In The Connected Economy,” a collaboration with PayPal, analyzed responses from 9,904 consumers in Australia, Germany, UK and USA. and showed strong demand for one super multi-functional app rather than using dozens of individual apps.

Comments are closed.