The freight industry has undergone significant changes in the last couple of decades. Considering the recent closures in the sector, this has highlighted the vulnerability of many companies. Exploring the ebbs and flows unveils insights into how the economy has evolved in recent years, leading to multiple trucking companies closing.
The agriculture industry is the backbone of our global economy, providing food, feed, fiber, and fuel for the world’s population. In recent years, the sector has seen significant transformations driven by technological advancements, environmental concerns, and changing consumer preferences.
The air transportation system is complex and is an interconnected process that’s vulnerable to disruptions. The air cargo industry relies heavily on the efficient flow of freight through integrated transportation networks.
Intermodal transportation moves goods from point A to point B using two different transportation modes. Goods are shipped in steel containers by either trucks, railroads, ships, or air freight.
Electric Vehicles (EVs) are continuing to evolve throughout the globe and in various industries. The number of electric vehicles used worldwide has increased significantly, from 1.3 million in 2015 to an estimated 40 million in 2023. The drive for the adoption of electric vehicles is environmental concerns, government policies, and overall consumer preferences.