Transportation is one of the world's largest industries and deeply influences how efficiently global supply chains are able to run. According to Plunkett Research, transportation revenues in 2017 reached over $1 billion in the U.S. Answers to some of the transportation industry’s biggest concerns could also lie in improved technology. trucks transport 63 percent of ALL the goods that go to Canada and Mexico. truck drivers transportation freight trucking MORE

Those "things" need to be transported via truck, yet the industry lacks the capacity to do so. MORE

Also, the driver short has continually grown worse for the last eight years, and it is expected to continue through 2026, asserts Iris Kuo of Trucks.com. Some of the tightest of the previous capacity crunches have occurred within the last two decades. MORE

He was promoted to a full-time job in 2017, and is now earning more than $16 an hour. It removes age restrictions on interstate transportation by licensed commercial drivers and strengthens safety-training standards across the industry. Truck driver salaries are up, with private fleet drivers earning as much as $86,000 annually in 2017, with an entry level median position of $53,000. MORE

Transportation is one of the world's largest industries and deeply influences how efficiently global supply chains are able to run. According to Plunkett Research, transportation revenues in 2017 reached over $1 billion in the U.S. Answers to some of the transportation industry’s biggest concerns could also lie in improved technology. trucks transport 63 percent of ALL the goods that go to Canada and Mexico. truck drivers transportation freight trucking MORE

A lively discussion followed regarding how the technologies will affect the transportation and warehousing industries. Consumers spent $453.46B online for retail purchases in 2017, a 16.0% USPS alone had an estimated 70,000 delivery drivers in 2017. MORE

We saw that starting to turn around in 2016 and continued to accelerate into 2017," he notes. trillion in 2017, up 6.2% Parcel delivery volumes jumped 7% to $99 billion in 2017. The capacity crunch and technology are reshaping ?the the supply chain. MORE

At the same time, carriers have turned to leaner operations to keep costs down, and the transportation industry is ready to implode with a capacity crunch that lasts well into 2018 and may only get worse from there. percent by the end of the third-quarter in 2017. MORE

This past October, the American Trucking Associations warned that the trucking industry could be short 50,000 drivers by the end of 2017. In the report, ATA projects the shortage to reach 50,000 by the end of 2017 and if current trends hold the shortage could grow to more than 174,000 by 2026. MORE

Correspondingly, demand for lithium-ion batteries has also increased and is expected to continue increasing – the lithium-ion battery market is thought to have a CAGR of 14%, with the transport sector accounting for 60% of the market by 2025. [1] MORE

And investors seem inclined to reward those trying to transform transportation, with all-electric Tesla surpassing the likes of Ford Motor Co. MORE

It is forecasted that by 2026, demand will mainly be linked to the rise in clean energy technology, in particular for neodymium-iron-boron (NdFeB) magnets –– critical components for electric and hybrid vehicles as well as wind turbines. MORE