Over the past decade, technology has expanded in impressive ways and has changed a large number of industries and how these industries operate specifically. This is because the expansion of technology has also brought along new software that helps industries be much more efficient. For instance, broker systems have helped shipment companies be more efficient which is important because the value of this industry is skyrocketing!
The LTL market, or less-than-truckload market, is believed to have a current value of nearly $35 billion. Yes, that is impressive, to say the least. In 2013, trucking transported nearly 15 billion tons of cargo. The Bureau of Labor Statistics reports that by 2040, that number is expected to increase to 18.79 billion tons. As these numbers grow, there is no doubt that the importance of broker systems can grow as well.
According to Satish Jindel, pr
Sellers have always had to have ways to get goods to their buyers, but that need has increased in recent years with the huge rise in e-commerce. More than $420 billion is spent on e-commerce yearly, and that number is steadily rising. That means increased demand for the transportation companies that carry those goods and their more than 12 million vessels. Rather than the traditional model of transporting goods to warehouses that are then sent to stores, the model is evolving to one where those items go straight from the warehouse or distribution center to the customers’ homes. That likely means even more trucks on the road, which requires even more efficient systems to manage the traffic.
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