It is still the early days for autonomous trucks, and a report by Gartner estimates that by 2021, less than 1% of long-haul, over-the-road freight will be carried by driverless trucks.
The trucking business already leverages the advantages of using mobile technologies, but the volatile nature of rising labor rates, fuel costs, increased traffic, and a changing regulatory environment, continuously making operations challenging.
Inefficiencies caused by lack of visibility create considerable costs. However, with the help of disruptive technology such as the Internet of Things (IoT), visibility into equipment, assets, personnel, and transactions, enterprises can better support crucial operations in real-time and improve operational efficiency and performance.
By leveraging enterprise IoT asset intelligence, the trucking can tackle problems with solutions powered by IoT.
Problem # 1: The traditional transportation model lacks the operational efficiency of the trucks.
The Solution: IoT in transportation has empowered trucking business owners to improve the operational efficiency of trucks by real-time monitoring and tracking of the fleets. With real-time monitoring capability, decision-makers can make out-of-the-box business decisions. Whenever there is an engine oil leakage, an alert is sent well before time indicating about the threshold it has reached, that’s how the internet of things makes a difference in the trucking business.
Problem # 2: The consumption of fuel was increasing and congestion problems start arising.
The Solution: Usually, the traditional transportation business models consumed energy affluently due to improper route management, so an optimized route management was crucial to building a sustainable trucking business. With the help of real-time field data, efficient fleet route management eliminated almost 175 grams of carbon emission, produced by every extra mile traveled by any vehicle. With the manual monitoring getting expensive and inaccessible, the IoT enabled heat and motion sensors to utilize the energy resources more smartly, which provides huge value to the administrators.
Problem # 3: Tracking of public transport became a serious issue.
The Solution: Managing the traveling from one point to other was possible by the traditional public transport but not the tracking real-time location of the vehicle and knowing when it will arrive at a particular stop. With the help of real-time sensor data, selecting the optimal route based on real-time conditions got easy, resulting in better public transit management. The IoT sensors tell where the traffic is jammed up and reduces the congestion and find an alternate route became easy which consumed the energy and time. IoT sensors tell where the traffic is jammed and convey the alert to the fleet and find an alternate optimized route to save time and energy.
Problem # 4: Increase in operational cost and damage to the infrastructure.
The Solution: From the traditional transportation model, loading the exact amount of load in the trailers was near to impossible. So, a proper check on the vehicles like size, weight, and type of vehicles is done and the load in the trailer is measured in real-time using weight sensors. Through IoT and smart devices, the overloaded vehicles can be identified and can be partially unloaded to evade fines. From the real-time tracking, alerts are sent well before time so that an optimized efficiency can be achieved.
Problem # 5: No advance alerts and availability of parking slots.
The Solution: The integrated smart transportation system tells the real-time information of the driver as well as the vehicle and warns them about the potential engine outbreaks. IoT in transportation can also ensure the smart parking, which tells about the lots that are presently available in real-time. Also, the multi-level parking system helps in reducing the operating and maintenance expenses. IoT sensors help in increasing the safety, comfort, and efficiency in driving and parking.
Over several recent years, the Internet of Things has unlocked a box of new opportunities in the trucking industry and has undoubtedly advanced beyond recognition. IoT is all about digitally connecting devices and analyzing the data to predict future outcomes or possibilities and the transportation industry is at a point where it can leverage the full potential of this disruptive technology.