The trucking industry is on the precipice of 10 to 20 years of change unlike it’s ever experienced, says transportation economist Noël Perry, and carriers who want to survive these changes must be prepared for them, he said.
“The last major change we had was deregulation,” he said. “And it had only a fraction of the power of this one. It eliminated almost all of the carriers in business at the time. A few came through, but not many. This change is even larger.”
Perry spoke in a session titled “The Future of Transportation: A 30-year View” at the 2016 FTR Conference held in Indianapolis, Indiana, last week, in which he predicted vehicle automation (aka autonomous or self-driving trucks) will make major in-roads in the industry in the coming two decades.
The number of people killed each year in the U.S. in automobile crashes is the equivalent to two Boeing 747s (which hold more than 450 people) crashing every week domestically, Gross said. “There’s a tremendous amount of leverage in getting this technology not just for trucks, but for cars that won’t text, won’t play PokeMon Go, won’t spill coffee in their lap, won’t get tired and won’t get drunk. It will have big impacts on the [transportation world].” To read the full article about changes happening within the transportation industry, click here.