FTR analysts predict drop in truck freight with changing trends in global manufacturing | Rig Hauler

FTR analysts predict drop in truck freight with changing trends in global manufacturing

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FTR analysts predict drop in truck freight with changing trends in global manufacturing Photo Credit: FTR

Advancements in technology have disrupted a number of industries. Digitization has allowed industries to grow faster and become more efficient.
Technology has had a rather profound impact on the supply chain. The intervention of technology has greatly reduced the dependence of the supply chain industry on transport. Freight movement has always contributed a large fraction of the nation's overall economy. However, analysts at FTR state that this contribution is slowly dropping as technology allows people to find ways to economize transportation.
Analysts have said that while there will be significant growth in the industry, in the long run there will be a lull in the transport of finished goods as labor is being replaced by automation. This will be further affected by the advent of autonomous vehicles. As the trends in global manufacturing changes so will the impact on truck freight.

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