We are not yet done with 2017, and the trucking industry has already seen a lot. ELDs are going to be mandatory in December. Mobile apps are opening up more opportunities for independent truckers. Talks are still underway to roll back stringent regulations on the industry as a whole. Various companies are competing to roll out autonomous vehicles. However, this is just the tip of the ice berg. Analysts and futurists are predicting more innovations over the next five years alone than we have seen in the past two decades.
Innovations In The Virtual World
Virtual reality (VR) has come a long way since the 1990s. With a better sense of motion detection and improved visuals, VR is being implemented on training levels across all industries. In trucking, companies such as UPS are making use of virtual reality to train drivers to safely deliver packages and to improve situational awareness.
The 5G Network
5G network capabilities will allow for even more innovations to hit the trucking industry. More than just a marketing term used by your mobile phone carrier, the 5G network will allow for large and complex data to be transmitted wirelessly. In addition to improved ELDs, sensors in trucks will be able to transmit diagnostics and software updates will allow engines to be tuned on the fly. There are even companies working on a means of communication between a group of automated trucks on the road at the same time, with one human driver acting as a “shepherd.”
Parts Are About To Get Less Expensive
Almost a decade ago, when 3-D printing started to become affordable to the public, people quickly started to unleash their imaginations. Yes, there were people who used the new method of printing to create little novelty model cars and what not, but then people started coming up with new innovations. These days, people are using 3-D printers to create medical prostheses, furniture, and more. As the technology becomes even more affordable, and 3-D printers start to use more durable materials, people will be able to print their own replacement parts for trucks. The ability to create and install your own brakes, fans, and more will revolutionize the maintenance side of the trucking industry.
Express Freight Finance has long been a leader in working capital solutions for the trucking industry. We have been providing owner-operators and fleets alike with the ability to get immediate cash for their invoices upon completing customer orders. With the advent of 5G technologies, we will bring more innovations to the table to get money into your hands even faster. The future is right around the corner, and Express Freight Finance will continue to keep our readers and customers on the cutting edge.