While the current state of the world’s energy supply is a cause for concern, there are also several other factors that will have an impact on 2022 transport business trends. COVID-19 and the global energy crisis are both contributing to a lack of silicon, a material used in most vehicles. Silicon is also a key ingredient in gaskets and sealants. As a result, manufacturers will likely find it difficult to meet the demand for vehicles, which will raise vehicle prices and limit consumer choices. These disruptions will impact the transportation industry as a whole, making it an important area to watch out for in the coming year.
The intermodal industry is booming with a growing number of shippers, but the demand for last-mile services has been slipping. According to the Association of American Railroads, 2021 will be the second-best intermodal year in history. While the first half of the year saw intermodal volumes rise by more than 3%, the second half is expected to decline. As the pandemic hits, more people will shop from home and will have higher expectations about how products are delivered to their doorstep. Last-mile services are expected to be worth $477 billion by 2031, according to Transparency Market Research.
The demand for intermodal services will continue to grow in the coming years, despite the decline in truck volume. However, companies must know what areas are growing and what types of equipment are moving. The Intermodal Service provides essential information about the intermodal market in North America, including traffic lane volume trends, equipment type, and size, as well as import and export volumes. The report also profiles major players in the industry.
Global market research reports on intermodal services summarize the current and future market size, applications, key players, and key regions. The research report provides in-depth analysis of the global market, and highlights growth and competitive dynamics. In addition to the market size and development trends, the report also identifies key players and segments, and outlines their strategies. The report contains 109 pages of in-depth analysis that will help you plan your strategy.
The autonomous truck industry is seeing rapid growth in Europe, where Steer AS, a startup based in Norway, has already deployed trucks that can drive themselves. These trucks will move fine rock and stones from one location to another. Self-driving trucks are also being widely tested in the U.S., where they have been on public roads for more than 60,000 miles without an incident. These vehicles may eventually replace human drivers for long-haul transport, although they may still be required for short-haul trucking jobs and local jobs. As a result, the industry could create new attractive jobs for local drivers.
The cost of autonomous truck solutions is relatively low, ranging from $350-500 per vehicle a year. The technologies are already on the market, and customers report a decline in safety incidents. Additionally, the trend towards employing younger drivers is likely to increase this segment. Self-driving trucks could also help alleviate the truck driver shortage, as well as provide a safe and reliable transportation solution.
With autonomous trucks becoming more common, the cost of human driverless trucks is declining. TuSimple, a San Diego-based company, plans to begin using these trucks in 2021. With the help of strategic partnerships, TuSimple is already conducting depot-to-depot autonomous runs in Arizona. The company is currently running tests under supervised autonomy, but plans to remove human drivers from the autonomous truck fleet by 2021.
By 2022, we should see a growing focus on electric vehicles. These vehicles act as mobile billboards that advertise companies’ commitment to sustainability and ESG standards. While electric vehicles are not cheap, they are an efficient way for companies to prove to the world that they care about the environment. In addition, the price of electric vehicles is expected to drop, thereby increasing demand. Here are the top transport business trends for 2022.
In addition to deploying new technologies, the transportation industry will need to focus on improving its services. The following are the five biggest trends for transport companies in 2022. These predictions are based on recent trends. Listed below are some of the key ones that will impact the transportation industry. While each of these trends will affect different sectors differently, they will all have a profound effect on other industries. Understanding what’s coming will help you plan for the future.
Freight and distribution: Trucking will remain the dominant mode of transport, accounting for over 70 percent of freight transportation. Rail will continue to decline, though, as its share is expected to drop to 14.6% by 2022. Sea transport will grow by 7 percent. The intermodal market is expected to grow to $30 billion by 2022, up from $11 billion in 2016. Developing new transportation solutions is essential for success in the year 2022.
Self-navigating management systems
The introduction of self-navigating management systems is an inevitable step towards a driverless world. Self-driving trucks are currently under development and driverless software needs to be fine-tuned for use on busy urban roads. Transportation organizations must plan ahead for the upcoming changes in technology by implementing self-navigating management systems in trucks. Such systems are expected to learn from genuine drivers and will allow them to operate safely in heavy traffic.
One of the companies in the TMS market is Blue Yonder, which offers TMS solutions with multimodal capabilities. The company targets small and mid-size businesses in North America. The platform offers multiple centralized solutions, making it an appealing option for 3PLs, shippers, and other transport companies. The company’s low-to-mode cost of ownership and cloud-native architecture also make it a compelling choice.
Self-navigating management systems enable transportation businesses to increase their profitability. These systems are equipped with advanced analytics and real-time reporting to keep track of shipments. They also improve business performance through advanced business intelligence (BI) capabilities. In addition to enhancing efficiency, self-navigating management systems help companies improve their bottom line by exceeding their common returns from on-premise systems. They help companies reduce costs and improve profitability while simultaneously increasing productivity.
One of the biggest trends in the transportation industry this year is improved visibility. It is possible for a fleet to be stolen and goods in transit could be taken by thieves. Therefore, companies need better tracking and traceability solutions to prevent theft. Self-navigating management systems can increase their customer satisfaction by offering detailed visibility of transportation operations. They also make invoicing and billing processes easier, more efficient, and error-free.
Safety of transports
As the world continues to face increasing risk of road accidents, the future of transportation is highly uncertain. This is why it is important to ensure the safety of transports. During the pandemic in 1918, transportation industry suffered as Americans grew more concerned about their health and safety. In response, the industry shifted its ridership to single-occupancy vehicles. As a result, last-mile delivery services exploded.
The ATSSA Convention & Traffic Expo (2022) is scheduled for February 11-15, in Tampa, FL. The theme of the event is “Reunify for Roadway Safety.” The convention is expected to bring together transportation professionals from across the country and around the world to discuss innovative ways to improve safety. The theme for this year’s event is “Reunite for Roadway Safety.”
To address the increasing concerns of the USDOT and the Railway Industry, the UTCRS is a Tier-1 University Transportation Center (UTCRS). Its partners are experts in different fields of transportation, and they conduct research according to their areas of expertise. As lead institution, UTRGV is leading the initiative. Other members include TAMU and UNL. In addition to the UTCRS, these universities also help the government implement the new regulations and improve the safety of transportation.
Cost of transportation
The current shortage of drivers and equipment is the top transportation issue for the year 2022. Supply chain disruption is forcing large gaps in spot rates. Equipment costs have increased by nearly double year over year for tractors and trailers. Driver compensation is not incentivizing quickly enough to meet the rising demand. Despite this, the demand for goods and services is expected to increase sharply in the second half of the year. While this trend has already begun, the industry must keep up with the resulting costs.
While costs have been on the rise in the past few years, logistics inflation is likely to continue this year. In the US, for example, shipping costs rose 23% last year. Another major factor contributing to logistics inflation is the shortage of workers. The transportation industry has had difficulty finding adequate workers for reasonable wages, pushing labor costs up significantly. However, these increases will begin to slow once demand eases and the supply chain returns to normal.
As reported in the April 2022 Cowen/AFS Freight Index, overall costs of transportation are expected to rise by 84.2% from 2021 levels. Meanwhile, the cost per mile is expected to increase by 13.8%. This increase is reflected in both the Consumer Price Index and Producer Price Index, which are based on a quarterly survey. The most recent PPI data, released on March 15, 2022, showed an increase of 10.1% in the overall cost of transportation. However, when foods are excluded, the increase is only 6.6%.