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, president of SJ Consulting Group, 23% of all for-hire freight tonnage can be attributed to retail. According to Satish Jindel, president of SJ Consulting Group, length of haul has declined. Public truckload carriers report that the average length of haul has decreased 4% between 2011 and 2016. These two stats have revealed that people are using shipment services for buying items and also that there are more shipments being shipped across larger shipment routes.
Broker systems are basically a form of TMS systems and transportation broker software that helps to provide shipments companies with a great way to track shipments across the country. This is important because shipment tracking integrations can help companies get people their shipments with great ease.
The Shipment Industry Is Very Valuable And Needs Broker Systems
The shipment industry has a high amount of value and the shipments moved across the country are incredibly valuable. As a matter of fact, it is possible to argue that the shipments moved to people are invaluable. When people order items online, they are expecting a safe shipment process.
As of right now, the revenue generated by e-commerce in the United States is valued to be at $423.3 billion and is climbing over time. As a result, the shipping industry must properly adjust and that includes implementing broker systems. This type of software can help shipment companies track items with great ease.
Broker Systems Can Help Manage Shipments
Trucks carry the largest share of freight by value, tons, and ton-miles for shipments moving 750 or fewer miles. Rail, on the other hand, is the dominant mode by tons and ton-miles for shipments moved from 750 to 2,000 miles. Broker systems are going to help these people exponentially in terms of managing and understanding where shipments are at all times. Plus, in some cases, transportation management software can help shipments be properly delivered where they need to go.
Nearly 12 million trucks, rail cars, locomotives, and vessels move goods over the transportation network. This is very common because shipments are better off traveling by various ways. It allows for a nice spread of transportation networks which can potentially curve thefts and damaged goods. As the transportation network expands, it is imperative that broker systems are utilized to properly track items as they are shipped across the United States.
According to the Federal Motor Carrier Safety Administration, approximately 5.9 million commercial motor vehicle drivers operate in the United States. All of these drivers means that there are going to be mistakes made, as humans often have errors. However, utilizing a great and reliable broker system is a simple way for companies to make sure they can help out their drivers as they transport items.
In Conclusion
According to data from CargoNet and FreightWatch International, in the first three quarters of 2016, approximately 615 cargo-theft incidents were recorded. To avoid these thefts and lost cargo items, companies are going to use broker systems. This is the best way to properly track shipments and items as they move across the country.
