Transportation industry trends 2018


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Transportation industry trends 2018

1. Nov 16, 2017 · The rating outlooks on transportation companies are more than three-quarters stable, with twice as many negative outlooks than positive amongst the remainder, but the trends and risks vary among 6 Transportation Industry Trends to Look for in 2019 2018 has ended and 2019 is here! New opportunities in the transportation industry are thriving. A handful of trends have crept up to force evolution in freight, but the shifts have also created some opportunities for licensed and bonded brokers . In 2017, some of the first evidence that the popularity of ride hailing is cannibalizing ridership from public transit emerged into the transportation science literature. U. The year has also been a setting of changing attitudes related to how consumers purchase vehicles, their preferences, and what they expect the future to hold regarding car ownership. Interestingly, in 2018, the container shipping market reported a growth of 4-4. 60. Read HUB's article to learn about past and upcoming commercial trucking industry  In 2018, foreign direct investment in the industry totaled $1. 2014. We might expect to see self-driving Taxis driving around without drivers by 2018. Jul 24, 2018 · The trucking industry needed more than 36,000 drivers in 2016, and projections show that the driver shortage could reach 63,000 by year end 2018. 4 percent decline in overall fatalities, the second consecutive year of reduced crash fatalities. This means freight forwarders, not governments. However, the industry forecast suggests that the number may decrease by 3. 5 billion. As a three-month moving average, tonnage was up 7. 50. Start with autonomous trucks (ATs), which will change the cost structure and utilization of trucking—and with that, the cost of consumer goods. Better Truck Monitoring. In comparison, wages for all occupations increased 45. Transportation professionals seeking to stay on top of trends in the industry look to implementing these trends. Trends for 2018 and Beyond. Over 400 billion miles are logged each year in hte trucking industry. However, the International Maritime Organization beginning January 1, 2020, now requires all ocean-going vessels to make the switch from high-sulfur fuel to similar low-sulfur options. S. 1 billion in the previous year, according to American Trucking Associations’ annual ATA American Trucking Trends 2019 2019 Transportation Industry Trends. economy. The Expected Trends for the Trucking Industry in 2018 In 2018, the trucking industry could see increases to the cost of diesel fuel. A sampling of data Trends includes: Truck Revenue   3 Oct 2018 ​UNCTAD's Review of Maritime Transport 2018 identifies seven key trends that are currently redefining the maritime transport landscape and shaping the sector's outlook. But what else will 2018 bring for the future of transport? Jan 11, 2018 · Transportation and Logistics Trends to Watch in 2018 and Beyond Automation. (2) Drivers remain a top concern for the industry in 2019, with driver turnover increasing at a faster rate than the previous year. Once seen as a futuristic pipe dream, automated trucks are quickly becoming one of the most interesting trends of the upcoming year. Apr 19, 2018 · With factory output growing at 3. In 2018 we saw many trends and challenges faced by the transportation industry. 7 billion U. The modes of transportation are air, rail, water, road, and pipeline. Drivers Under Pressure: Trucking Woes Fuel Shift to Rail Transport. These trends, presented in no particular order, entail  3 Aug 2018 apprise the Commission's customers and the public of global industry trends, regional developments, Figure 4. This document is intended to serve as a resource for transportation professionals . Coal Transport Expected to Remain Strong. 1. Published Date. 3) With the New Year right around the corner, here are 5 trends that will impact your business in 2018 and beyond Volume 264, Issue 3, 1 February 2018, Pages 830-836. 7 billion in 2018, up from $700. Aug 09, 2018 · The transportation and logistics industry has been undergoing great amounts of change for several years, but the last 12 months have proven a challenge for many in the freight brokerage market. Industry Top Trends 2019 Transportation November 14, 2018 Key Takeaways – Ratings Outlook: The sector's rating outlooks continue to be overwhelmingly (almost 80%) stable. Look out for the following changes in 2018. The Internet of Things, or simply the IoT, is fast making a difference in various industries, and in 2018, expect IoT to change the trucking industry for the better. The trucking industry is currently strong, enjoying double-digit increases in revenue. Slow steaming is the practice of simply running at a lower speed, which can significantly reduce fuel consumption on a voyage. Dec 12, 2018 · Here’s what’s on the horizon for the trucking industry in 2019: Driver shortage continues As the critical truck driver shortage persists into 2019, new consequences will surface. 3 Maritime transport services: U. Arlington, Virginia — Today, the American Trucking Associations released the latest edition of its annual data compendium – ATA American Trucking Trends 2019 – which showed that the industry’s revenues jumped to $796. The previous report Box 3. Smart Transportation Market size estimated at over USD 41 billion in 2017 and is expected to witness from 2018 to 2024 due to the rise in the usage of various smart transportation software including parking management,  20 Mar 2020 TRENDS IN THE TRUCKING INDUSTRY INDICATE ANOTHER CHALLENGING YEAR FOR SHIPPERS As discussed in our previous truck white paper, early 2018 offered a hot shipping market which put a high demand  “2018 was a year of dynamic growth for the trucking industry,” said Bob Costello, ATA's chief economist. Here are the top automotive industry trends that dominated and differentiated 2018: Automotive … Industry Trends. America and the world have lived through year one of an American rookie politician and president. Explore trends across hospitality, airlines, cruises, and ground transportation and see how technology has shaped the hospitality industry in the last decade. New federal regulations require drivers to electronically log the road hours they put in, which experts say will lead to greater compliance with the mandated 11-hour limit on driving shifts. Many suspect that only 14 major global carriers will exist in 2018, with fewer than 10 controlling 65 percent of the world’s capacity. JUL 06 - JUL 12 MONTH JUN 2020 VS. We’ve combined the insights from more than 3,500 CEO interviews with expert analysis to produce a series of reports across industries and critical topic areas. Long-term business growth prospects include multi-modal transportation, cold chain logistics, intelligent transportation systems, warehousing, and freight forwarding. In 2018, the company’s growth rate was 26% higher than in 2016. Sep 04, 2018 · E-commerce has changed trucking and freight, and there's no going back. One of our first posts of 2018 was all about the trends that would define the automotive industry in 2018. In 2017, the trucking industry generated over $700 billion in 2017, and “moved 69. Specifically, new have been created to take the burden and stress off of fleet owners and drivers. Jul 27, 2018 · Here are a few of the top trends we’ve noticed in the industry this year that can help companies ease their transportation woes. Truck platooning is connecting two or more trucks in a group with the help of connectivity 2. Below are the notable trends […] 10 internal audit trends for 2019. Oversized cargo transportation market analysis in  Global Smart Transportation Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027. 9% of 2017 employment. However, this balance is just an ideal. California is the most popular state in the U. The advent of autonomous vehicles, using technology to make the transit experience “frictionless” and upgrading security are the leading trends for public transportation heading into 2018 and Industry Perspectives; Trucks at Work; Ten trends trucking should watch in 2018. for limousine operators, accounting for 16% of the total industry. Sep 13, 2018 · #22. The type of equipment depends on the mode of transportation. Apr 16, 2018 · Learn how 2018 trucking industry trends are hauling the trucking industry towards one of its best years ever. 2018e. REPORT ID. By generating an intelligent transportation system (ITS), it can help optimize logistics and fleet management, tracking and monitoring of goods and services, traffic management, driver assistance, etc. Integration of supply chains and logistics across road, rail, sea, aviation. As 2018 comes to a close, we’ve researched and reflected upon how these trends have truly changed the automotive industry landscape. “Trends is a simple, one-stop resource to see where our industry is so executives and policymakers can make informed decisions about  Market growth of related component systems in Europe is expected to outperform the truck and bus production growth rate Road transport tonnage km [trillion tkm]. Show more. The growing crisis in long-distance trucking shows no signs of stopping. By shifting more passengers to rail, the industry continues to play a key role in driving down transportation-related emissions and reducing road congestion. Among the most significant internal audit future trends to come out of Deloitte’s 2018 global chief audit executive survey is the fact that internal audit groups having the most impact and influence in their organizations also tend to be the most innovative. Trucking. Most Innovative Companies. In 2017, the trucking industry generated more than $700 billion in revenue. 7 Jun 2020 Search Canadian jobs, explore careers and labour market trends, subscribe to email alerts, sign up for Job Match, and find tools and resources  The Transportation and Warehousing sector includes industries providing transportation data, 2016, 2017, 2018, 2019 (Source: Compensation Cost Trends) . 90. The perfect storm is here: between the back-to-back hurricanes of 2017, the electronic logging device (ELD) mandate going into effect and the ongoing driver shortage crisis, the transportation industry is experiencing a critical capacity crunch. A report says trucking industry trends will continue to expand to the number of $3. The concern hasn’t waned at all in 2019 ( ATRI Critical Issues in the Trucking Industry – 2019 ). The key to success in the transportation business is to ensure the profitability, flexibility, and efficiency of services provided. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size. The vast majority of trucks on the road will continue to have drivers and use diesel fuel. org reports there were upwards of 50,000 unfilled jobs in the industry in 2017 alone. 39%) than what was reported in 2017. 77 billion tons of freight was moved across the country by trucks last year. Even with the presence of Uber and ride-sharing apps, the limousine industry is still Top 5 Rail Industry trends to watch in 2018 1- Connected Mobility In an increasingly digital world, passengers will be able to smoothly continue their digital lives while riding trains. July 23, 2020 Alla Kostrubska Alla Kostrubska. Ride-sharing among Jun 07, 2018 · Transportation Management Systems (TMS) – Global Industry Size, Share, Trends, Analysis and Forecast 2018 – 2025 Share This Press Release In 2017, Transportation Management Systems (TMS) market size was 1830 million US$ and it is expected to reach 4880 million US$ by the end of 2025, with a CAGR of 15. dollars in revenue was generated by the U Public Transportation in the US industry trends (2015-2020) Public Transportation in the US industry outlook (2020-2025) poll Average industry growth 2020-2025 : x. Author links open overlay panel M. The ATA attributed the strength to increased ocean import shipments due Fleet Management; Trucking by the Numbers 2018: Trucking and freight snapshot. What is the difference between logistics technology trends and supply chain technology trends which we covered in the second white paper in this series? The short answer is: not a heck of a lot! Mar 19, 2018 · Top trends in the logistics industry for the year 2018 Blockchain: Currently, blockchain technology has made numerous headlines due to the growing popularity of the cryptocurrency Bitcoin. Top 5 Trends in the Transportation Industry – 2018 | SpendEdge 2018: New Year, New Trends – Where is the Transportation Industry Heading? Drone delivery The last mile delivery problem has troubled the transportation industry for a long time now. Whatever the case may be, being knowledgeable about these trends can help you to do two things. By using data on tonnage and other freight trends across various industry segments, motor car­riers and shippers can Dec 26, 2018 · So, here are some of the biggest stories and trends from 2018 and we move into 2019. There have been many new innovations in the trucking industry over the past few years, but the best is yet to come. FEBRUARY 11, 2019. There are classically two kinds of rates in transportation: spot market rates and contract rates. Trucking Industry? According to a 2018 report from the American Trucking Association, 10. With high growth projected for Indonesia, Thailand, Vietnam, and the Philippines, trade and domestic demand growth will drive the growth of the transportation and logistics industry. Our annual guide to the businesses that matter the most 2 Shifts in international trade –trends and solutions 2. This is why companies need to implement modern strategies and Transport Industry Trends to compete with other market participants. They are increasingly dominating the landscape of the transport industry in general and the taxi business in particular. 2 trillion by the year 2020. Jul 10, 2018 · DUBLIN, July 10, 2018 /PRNewswire/ --. 10 Apr 2019 Transportation remains a thriving industry with strong growth potential. 9 million metric ton, in 2019 Democratization of technologies describes the movement of technology management to the people in freight management. Transportation industry is predicted to get stronger compared to it was last year. and Mexico, and 57. The " Marine Port and Service Market Report: Trends, Forecast and Competitive Analysis" report has been added to ResearchAndMarkets. American Trucking Trends 2019 is the only almanac on U. make or break success rates in 2018. 4 billion in 2018 to USD 13. Total volume is very close to 2018 and well above earlier years. 2018 | No Comments. Top-3 Trends Affecting the Trucking Industry in 2018. Our new research has turned up five trends that offer startling indicators of impending change for the trucking, rail, warehousing, and logistics companies that move America’s merchandise. “The transportation industry has been building up to a big trend for 2018 – transformative and disruptive transportation. According to the US Department of Energy (US-DOE), the average vehicle miles travelled (VMT) by 3. “The trucking industry is marked by an average driver turnover rate of 100% every year,” Fielkow says. industry market size for Truck Transportation: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. 20 Sep 2018 international transportation market, however, we also see 3 significant trends taking shape that will impact shippers for the remainder of 2018  What are the key current trends affecting the transport sector? and expansion, and in May 2018 Kenya's main port at Mombasa welcomed its largest ship ever  9 Aug 2019 Total volume is very close to 2018 and well above earlier years. While we do have cars like Mercedes-Benz E-Class and Tesla S, which have the self-driving function, drivers are still required to supervise the car’s driving behavior. The market is segmented by Destination, Service type, Perspectives on End-Users, and by Geography. A slew of states and some major transportation companies pledged to require all new medium- and heavy-duty vehicles to be zero-emissions by 2050 — and a percentage of those vehicles Oct 17, 2019 · The most recent NTST Report discusses data from 2009 to 2018. Freight Rates are Soaring According to the American Trucking Associations For-Hire Truck Tonnage Index, January 2018 saw an 8. 80. If trucks are hauling freight, it means consumers are spending. 2 million companies are in the United States. Industry Top Trends 2018: Transportation Infrastructure. Freight volumes gain strength. 9 Jan 2019 Explore transportation trend predictions for 2019. truck transportation volume will rise 4. Rail Trends 2018 1 Jan 15, 2018 · Market Trends in Transportation and Logistics 2. 85 at the end of January and has been rising ever since. 0. Electric and self-driving vehicles have been hot topics for the past several years. 1 billion in annual revenue by the start of 2018. 49 billion tons of freight (also an increase over 2017). The 2018 Emerging Trends in Parking Survey was distributed to members of the International Parking Institute, the world’s largest association of parking, transportation, and mobility professionals. Two trends of recent years that have become familiar – cloud computing and the Internet of Things – have delivered undeniable benefits to businesses and Jan 12, 2018 · Top 10 Automotive Industry Trends to Watch in 2018 1. Slow Steaming. The truck driving industry is facing a serious shortage! Trucking industry outlook 2019. Here are 3 you need to know in this ever-changing shipping environment. Trucking Industry Trends Beware of biased benchmarking: 3 ways to grade a transportation index There are three questions you should ask when using a benchmark or index to make business decisions. For one, good drivers will see salary increases of as much as 20 to 50 percent over what they were paid just five years ago – plus new, added benefits. American Trucking Associations is the largest  17 Dec 2019 A few market and tech trends will emerge on the horizon next year, while Scooters become boring: If 2018 was the year of the "scooter wars"  1 Nov 2017 The transportation industry faces major changes in 2018. Global Intelligent Transportation System Market 2018 to 2027 - Industry Analysis, Size, Share, Growth, Trends, and Forecast - ResearchAndMarkets. Apr 10, 2018 · There have already been huge improvements made in the logistics industry and things will only progress as modernization continues to evolve. 89). Introduction. 3% with growth in coal, intermodal and industrial products offsetting less chemical and sand/stone volume. “Carriers will continue to navigate through these rules in 2018. com February 03, 2020 05:58 AM Eastern Standard Time Know about the trends that are expected to unfold in the freight transportation industry in 2018. 49% from 27260 million $ in 2014 to 29350 million $ in 2017 Jun 21, 2018 · The 2018 State of Logistics Report also maps the technological trends that CSCMP expects to “impact the overall transportation industry over the next 10 years” by providing an innovation grid spanning from 2018 to 2028. With an anticipated 3. Jan 29, 2018 · Trucking Industry Trends for 2018 admin 29 January, 2018 . What Are The Trends In The Transportation Industry? Our Global Industry Directory of Manufacturing, Supply Chain & Logistics, Sean Riley , shares. In 2018 and beyond, be prepared to see more cutting-edge technology emerge in the transportation field, such as electric trucks, advancements in driverless technology, and blockchain for trucking. 9%. Taking action to combat talent-tight market. One of the main reasons why is this happening is the driver shortage. , 2017;Lamba and business process optimization on the general effectiveness of the transportation industry. This will allow them to maintain their competitive edge. Sep 24, 2019 · The statistic illustrates Japan's outward foreign direct investment (FDI) in the transportation industry from 2009 to September 2018. RTA notes that the recent increase Transportation Management Systems Market 2018 As capacity tightens and freight rates rise, both new and established TMS vendors are coming up with solutions that fit the smaller shipper’s budget while also offering all of the bells and whistles that larger systems offer, and logistics operations of all sizes are catching on. Mar 21, 2018 · We’re already well into 2018, and a lot has happened in the logistics and transportation industry. MAY 2020 YEAR Industry Trends; Trucking Regulations ® ® According to the American Trucking Associations (ATA), truckers moved more than 70. A perennial top industry issue, the driver shortage ranked as the industry’s top concern for the second consecutive year in 2018, according to the American Transportation Research Institute (ATRI). Sep 24, 2018 · By: Rob Hoehn When people think of the transportation industry, they are often thinking of auto manufacturers, but it includes a wealth of other companies and products: from shipping and logistics firms, to travel transportation, non-motorized transport (like bicycles) and more. 7 in 2018 (an increase from 2017), while trucks moved more than 11. Aug 06, 2019 · *By the end of 2018, the industry was short 60,800 drivers, marking a new high and increasing close to 20% over 2017. 8% growth rate recorded in 2017. Transportation Industry Trends: Our Predictions for 2018 Public transport, both in terms of convenience and the passenger experience, and safety and security has been a consistent source of headlines in the last year and looking forward to the year ahead we fully expect this to continue. Feb 06, 2018 · In 2018, FTR Transportation Intelligence expects 60,000 more trucks will enter the market than are needed to replace retiring trucks. 2 percent in the United States in 2018, fueled in part by a manufacturing industry rebound and a healthy economy, according to a new forecast from the Rail Trends So far in the fourth quarter of 2018, CSX volumes rose 2. ”. 27. There are typically two types of rates in the transportation industry: spot market rates and contract rates. Get more details on this report - Request Free Sample PDF Oct 22, 2019 · The U. From the last half of 2017 through today and beyond, a slew of market forces, some predictable and some unexpected, have combined to create a very real truck capacity shortage in the United States. Also get more insights on how these trends will bring a new wave  Merchandise Warehouse | 07. It serves as a vital source of information on major trucking and transportation issues. The transportation industry is entering into a new year that has the potential to be even stronger than the previous one. Jan 09, 2018 · Trucking Industry Struggles With Growing Driver Shortage More than 70 percent of goods consumed in the U. Intelligent Transportation System Market size estimated at USD 23 billion in 2018, growing at a CAGR of over 5% from 2019 to 2025. The combination between the capacity crunch, the ELD mandate, rising rates, and last year’s hurricanes has been called the perfect storm of the transportation industry. model disruption will continue to stimulate growth for airports, roads, car parks, and ports during. With growing competition in  Freight Trends for 2018. The American Trucking Association ’s seasonally adjusted Truck Tonnage Index increased 9. Every month we take a look at the most recent transportation industry trends to help plan for the future. New ATA Report Outlines Industry Growth. Here are 3 ways the IoT will change the industry in 2018: 1. Biometrics In 2017, JetBlue collaborated with U. v. Two trends of recent years that have become familiar – cloud computing and the Internet of Things – have delivered undeniable benefits to businesses and Jul 16, 2018 · 10 Trucking Industry Trends For 2019 Posted in category: Trucking Industry , Trucks by Jurica Magoci July 16, 2018 9 min comments Notably, they will offer a wide range of services helpful for the consumers. MercuryGate boiled-down the majority of topics to focus on 3 top trends and challenges for the year. Jan 26, 2019 · The golden model for the transportation industry strikes a perfect balance between supply and demand. [9] In this case, Faraday, an electric car company, brought a trade secret misappropriation case Jun 15, 2017 · Size of the Trucking Industry. Sep 25, 2018 · Though industry trends already suggest the inevitability of electric powertrains in city distribution and last-mile, the scope could be broadened to include the long-haul segment as it amounts to 60% of all commercial vehicle sales in Europe. This will continue to be the case in 2018. Rising Rates Leads to Change of Transport. Evelozcity Inc. Other leaders include CMA CGM Group, Mediterranean Shipping Co, and China Ocean Shipping Company (COSTCO). While most data are obtained from employer or establishment surveys, information on industry unemployment comes from a national survey of households. In 2016, rail traffic was the second-lowest on record over the past decade (measured 2. Transportation Key Market Segments Lucintel predicts the global airfreight transportation services market will witness a decline in growth for the five-year period ending 2017 compared with the four-year period ending 2011 Oct 03, 2019 · For 2020, the trucking industry will be keeping a close eye on the unfolding trade situations with China and the United States-Mexico-Canada Agreement (USMCA). Recent reports by Cass Freight Index and American Trucking Associations (ATA) show mixed perspectives with year over year growth struggling against the backdrop of a record 2018. Autonomous and electric vehicles, platooning, big data, integrated tech: innovation in trucking is sure moving the industry forward. com is expected to fuel the growth of the drone logistics and drone transportation market . The trucking industry had to adapt to low sulfur diesel and more restrictive emissions regulations years ago. Aug 23, 2018 · Price and Consensus: Zacks Transportation Truck industry As you can see here, the EPS estimate for 2018 is up from $2. There are lots of affordable software options on the market which can help you with tracking trucking industry trends, route planning, trucking fleet maintenance etc. 74 to $29. Here, FTE highlights the technologies and trends that we expect to play the most important role in reshaping the air transport industry in 2018. 2 New trade route solutions 3 Software-driven core process changes –trends and solutions 4 Changes in markets’ domestic commerce –trends and solutions 5 Machine-driven core process changes –trends and solutions 6 Apr 04, 2018 · After essentially seeing no growth in loads in 2016, the industry snapped back and finished strong in the fourth quarter of 2017 with total loads up 6 percent year – over – So far in 2018, the The industry moved 69. They are part of ongoing effort to increase the capacity per truck or group of trucks and reduce the requirement for drivers. May 28, 2019 · How Significant is the U. Jun 01, 2018 · Below, we will discuss expectations, trends, and forecasts for the LTL industry in 2018. Mar 29, 2017 · This presentation explores clean freight and efficiency in the U. Blockchain is one of these. Now, let us take a look at what is in it for shippers and transportation providers with the introduction of this new technology. As we reported recently, some carriers have already put in pre-orders for electric trucks, but that will not cover the immediate demand and revenue opportunities. The goal of the NTST is to present and summarize transit data in an easy-to-read format and provide an overview of public transit in the United States. everyday application. 2. 2020e. Drone Logistics and Transportation Market research report categorizes global market by Report Code: AS 6304 May, 2018, by marketsandmarkets. If you want to remain competitive, now is the time for action. As we saw last year, factors like consumer needs, supplier capacity, shipping volume, and global economic trends are constantly shifting. The baggage handling system market is projected to grow at a CAGR of 7. Discover the trends and updates for September 2018. Jan 09, 2019 · In 2019, transportation trends are evolving to fit the high demand of freight being delivered and low supply of drivers. Jan 04, 2018 · The transportation industry is facing exciting developments and challenges in 2018! As we transition into a new year, we are excited for what the future has in store for the transportation industry. Tech Forecast. In current dollars, hourly compensation for workers in transportation and material moving occupations increased 51. On-demand Transportation Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 -2026 On-demand Transportation Market - Overview Jan 16, 2018 · Trucking Fleets Plan To Expand In 2018 With a new wave of drivers coming into the industry, and the demand for shipping approaching a new high, fleets plan on expanding this year. 4. 5 Trends in transportation and logistics 2013;Speranza, 2018;Gunesakaran et al. Find loads and trucks fast with full access to the trusted DAT Network. The increasing focus on improving operational efficiency at airports,  Oversized cargo transportation market size in Americas will grow by USD 19. Much has been written over the past several months about the big changes sweeping through the trucking industry. Platforms are being developed to provide passengers with outstanding experience before, while and after using public transportation. Especially the e-commerce industry has a great impact on the growth of the trucking industry. Tariffs on aluminum and steel caused Jun 23, 2020 · Top 5 Rail Industry Trends for 2018: Traffic and Stock Growth, Technology Innovations, and More 1. In Silicon Valley, we see firsthand the emergence of transformative and disruptive modes of transportation such as ride-hailing services as well as the advancement of automation moving into broader arenas in the Top Trends in the Transportation Industry 2019 The transportation industry is one that goes through a lot of changes. 4 billion miles. The 2018 Top 100 largest for-hire carriers in North America list here helps to show current financial and operational trends in the transportation industry. Mobile devices, telematics & other logistics technology are streamlining operations for the transportation industry. Obviously ELDs are at the top of everyone’s lists and I will be publishing a post about the Top-10 but for now let’s have a look at the big three headliners. Expected Freight Industry Growth Within the LTL industry the top 25 carriers account for 90% of LTL market share, as a result, the LTL sector has pricing power over shippers that the full truckload sector simply does not. with a copy of the 2018 – 2019 edition of Transportation Budget Trends. com's offering. Trends in transportation and logistics. Continued positive macroeconomic outlook for transportation infrastructure. (Convoy Rail News: Rail Industry Trends That's a Wrap: RailTrends 2018 recap by Tony Hatch Tony Hatch is an independent transportation analyst and consultant, and a program consultant for Progressive Apr 30, 2018 · According to the Certify report, t wo trends dominate the business traveler ground transportation market: the continuing freefall of taxi and rental cars and the rise of Lyft. Technically, transportation is an industry Trucking Trucking Demand for truck freight capacity is continuing to drop from 2018. Trucking Industry Revenues Top $796 Billion in 2018. 7% of Canada-U. Although Ontario trucking companies continue to provide many of the same types of services, most of them have adopted unique approaches to how they serve customers. The Transport and Logistics IRC’s 2018 Skills Forecast reports the average age of all workers in the Transport and Logistics industry as 45-years-old. 1% of all trade between the U. Customs and Border Protection (CBP) and SITA to test a biometric-enabled self-boarding process. An English film-industry consultant who got this 1964 356 C by accident develops a deeper appreciation for American back roads. 2% of all domestic freight tonnage in 2017, helping the industry reach $700. The news cycle, however, will dramatically lead the reality of the situation. 38%) and to get away from normal, everyday life (47% vs. North American Industry Classification System Dec 22, 2017 · Future trends in Taxi industry of 2018 and the coming year Autonomous automobiles. , current trends in freight transportation, supply chain logistics, the e-commerce boom and green retail, while highlighting industry efforts improving sustainability. The trucking industry faces numerous regulations that are increasing the cost to operate and hurting its bottom line, according to USI. Tailwinds provides an overview of the current state of the global airline industry. The impact of these tariff changes and subsequent retaliatory tariffs is increasingly discussed as an element that is shaping supply chains and influencing the movement of freight for 2020. The trucking industry is vital to the U. COVID-19 is expected to have a significant impact on the supply chain and product demand in the automotive sector. This trend goes hand in hand with the capacity crunch. Some aspects are found to be responsible for the freight transportation trends in 2018. 8% growth, which was the slowest growth rate since June 2017. Explore our industry themes to learn about crucial trends and strategic options. collections. 2018 has ended and 2019 is here! New opportunities in the transportation industry are thriving. Texas and New York come next, each with 6% of the industry. Here are HUB’s Top 7 commercial trucking industry trends for the coming year that will shape your industry outlook. Here are the top seven environmentally friendly trends and technologies taking over the shipping industry today, with the goal of working towards a cleaner, greener world. Sales Trends for 2018 in the Transportation/Logistics Industry News Buyers and decision makers are rapidly changing and doing more and more research prior to making decisions. Revenue drivers of capacity, passenger yield, load factor, ancillary and other revenues, and cargo, (RASM) Cost drivers of labor and fuel, (CASM) Profitability and margins Worldwide capacity trends in Asia/Oceana, North America, Europe, Africa/Middle East, and Latin America for the global airline industry Hot topics of Brexit, breaking the business cycle, and the low-cost long-haul business model Jun 11, 2020 · As we look ahead to 2018, I’ve been working with my colleagues to identify some trends that we think will have an impact on our business and industry. As the next big disruption to transportation, it puts passengers’ experience first, with its promise of greater convenience and effectiveness by enabling sharing and personalization through smartphone and IoT connectivity. Freight volumes had picked up in late 2016, rail-car demand had improved and 2017 was looking like a possible recovery Jan 14, 2019 · These trends are highlighted in a case filed in January 2018, Faraday&Future Inc. 32). 100. (Limousine, Charter, and Tour Magazine) Limousine Industry Trends and Analysis. These are a few of the trends to watch in 2018. Home / Transportation Industry: Insolvency Trends Find out why the Transport Industry is Prone to Insolvency “Significant financial distress” has risen by 26% within key sectors in the UK supply chain over the last 12 months, according to Red Flag Alert research for Q1 2017. In 2018, foreign direct investment in the industry totaled $1. Jul 24, 2020 · Read Autos & Transportation on The Wall Street Journal. 97% operate 20 or fewer trucks with 90% operating up to 6 trucks. Thinking about getting a CDL in order to become a professional truck driver? Right now is a great time to There have been many new innovations in the trucking industry over the past few years, but the best is yet to come. As mentioned previously, trucking and warehousing are the two biggest industry groupings among the Transportation and Logistics Sector making up 67. With the slowdown in world economic growth, the Medicaid non-emergency medical transportation (NEMT) industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Medicaid non-emergency medical transportation (NEMT) market size to maintain the average annual growth rate of 2. Jan 19, 2018 · New transit trends will accelerate throughout 2018. That's why remaining flexible is key if you want to stay ahead of the competition. Jan 14, 2019 · These trends are highlighted in a case filed in January 2018, Faraday&Future Inc. Apr 18, 2019 · In fact, the ATA (American Trucking Association) recently released their American Trucking Trends 2018, highlighting just how important the trucking industry is to our national trade and businesses. The increase in truck sales in late 2018 and 2019 are increasing volume to haul freight. The outlook is supported by an improving macroeconomic environment, low interest rates, and positive inflation, but currency exchange volatility remains a risk. 3 Oct 2018 ​UNCTAD's Review of Maritime Transport 2018 identifies seven key the maritime transport landscape and shaping the sector's outlook. Upcoming. North American Industry Classification System Other Transportation Equipment Manufacturing: NAICS 3369; Workforce Statistics. 790. The American Trucking Associations says the industry needs to hire Establishments in these industries use transportation equipment or transportation related facilities as a productive asset. Jul 27, 2020 · Industry Trends WEEK JUL 13 - JUL 19 VS. NEW YORK (S&P Global Ratings) - The global sector outlook for transportation infrastructure is broadly stable, according to an S&P Global Ratings report published today, titled “Industry Top Trends 2018—Transportation Infrastructure. A move towards the edge. Based on FarEye’s observation of the past two years, here are the trends that will shape the logistics industry in 2018: 1. The economy was strong in 2018, but it's predicted to slow down in 2019. trade; Roughly 7. Find Logistics and Transportation market research reports and Logistics and Transportation industry analysis including industry overviews, market segmentation data, market share and growth. You can take advantage of the rising competition between software vendors. Aug 15, 2019 · “The freight industry is currently experiencing a recession, which began in October 2018,” writes Aaron Terrazas, Convoy director of economic research, in a report published Thursday. Discover the trends and updates for December 2018. Aug 09, 2019 · Here are the five key freight trends worth watching in late 2019. 5 million truck drivers in the United States. Market Research on Transport Data and analysis on total market sizes, market shares, and industry trends. The automotive & transportation industry is amongst the most exposed verticals to the ongoing COVID-19 outbreak and is currently amidst unprecedented uncertainty. With the growth of e- Commerce, the transportation industry continues on its meteoric rise as suppliers try  31 Jul 2019 Trucking Industry Revenues Top $796 Billion in 2018. 10 Apr 2018 Here is a quick look at 6 technology trends for 2018 and beyond, the roles they for blockchain technology within the transportation industry. The transportation and logistics industry is confronting immense change: digital transformation, new market entrants, changing customer expectations, and new evolving business models. Feb 19, 2019 · Transportation plays a vital role in the American economy: it makes economic activity possible, and serves as a major economic activity itself. As freight demand rises and supply (available trucks) falls, rates rise. On this list, we’ve pulled together what we believe will be the 20 biggest travel industry trends to mark the evolution of the travel industry in 2018. Labor shortages and capacity constraints are driving deep investments in technology and automation, such as Ecommerce. 95 to $36. Having said this, here are the important trends to implement in your business plan for 2018. Mar 16, 2018 · Fleet Trends that Will Shape 2018 March 16, 2018 The year 2017 brought a lot of changes and challenges to the transportation industry and others that relied on distribution. Puget Sound Trends are brief data stories about population, transportation, economic and other trends in the central Puget Sound region. The growth of the  3 Aug 2018 The 2018 Recent Trends report focused on electronic services. The Impact of Trade Wars and Tariffs During the middle of 2018, the automotive industry was defined by the Trump Administration’s establishment of tariffs on raw materials that significantly affected automobile sales. https: Apr 04, 2018 · Make no mistake — today, it’s a carrier’s world and shippers are living in it. 1% during 2018-2025. Sep 06, 2018 · U. 5 per mile), for selected use Taxi Industry Trends in 2018 and the Coming Year 1 The Power of Millennials. And one common characteristic binds all the Millennials – the need for instant information along with the accessibility of the internet all around Nov 16, 2017 · The rating outlooks on transportation companies are more than three-quarters stable, with twice as many negative outlooks than positive amongst the remainder, but the trends and risks vary among Apr 17, 2020 · Transportation Sector: The transportation sector is a category of companies that provide services moving people, goods, or the infrastructure to do so. economy in 2018 and beyond. Let’s unpack that. December 2018. Smart solutions have inherently changed the way goods are transported around the world with analytics creating a more efficient supply chain – and the industry knows it. Jul 31, 2019 · Trucking industry revenues jumped to $796. 810. 8 percent increase in freight tonnage compared to January 2017. Top transportation trends of 2018, including self-driving trucks, sharing economy, drone delivery, and blockchain in logistics is covered in this blog. 4 percent industry growth through 2023 (ATA), strong demand is the main story, meaning full speed ahead for both trucking and the U. As the current pool of available drivers nears retirement, there simply aren’t enough qualified candidates to take their places. It will be a leading logistics trend for 2018 and 2019. 18 Oct 2018 discuss the top seven supply chain and transportation industry trends developments in 2018 have impacted these supply chain trends and  Like most other industries, transportation and logistics (T&L) is currently theme in this scenario is the growth of the trends and developments most likely. 5% in container volume. Some of the top logistics trends to affect the industry in the coming year include automated logistics technologies. Here's how they see the trends that are shaping the future of transportation  12 May 2017 The rapid pace of technological innovation, when coupled with a changing culture and customer expectations, is beginning to bring a wave of  Transport Market Research Reports. As goes the economy, so goes trucking. Crossover vehicles- Versatility meets practicality, and wins the buyer’s approval. DAT reports a  Top transportation trends of 2018, including self-driving trucks, sharing economy, drone delivery, and blockchain in logistics is covered in this blog. maritime exports in freight and port services and total maritime Table 4. The National Transit Summaries and Trends (NTST), one of the Federal Transit Administration’s (FTA) NTD Annual Data Publications. This time last year, the rail equipment outlook for 2017 looked promising. The following guide provides sources for industry trends and statistics, market research and industry analysis, financial ratios and salary surveys, and more, with information provided for each resource including a description of its primary features and any information that is available free online. 1 billion the previous year. After a tumultuous 2017, the New Year is shaping up to be an eventful and momentous year for Freight Transportation. Automated freight matching: people in 2017. Transportation professionals seeking to stay on  15 Jan 2018 Editor's note: This article originally ran in the January/February 2018 This article will focus on the Transportation and Logistics Sector and  Know about the trends that are expected to unfold in the freight transportation industry in 2018. This section provides information relating to employment and unemployment in transportation equipment manufacturing. To do that you need to know the biggest trucking industry trends this year. trucking. The following table provides a statistical summary of rail industry performance in 2017, compared to the previous year and 10 years ago. In 2015, registered trucks in the U. Oct 30, 2018 · The trajectory of inflation in the trucking industry is revealing nascent signs of finally slowing down. 3 trillion in 2018. 3. Smart Transportation Market size estimated at over USD 41 billion in 2017 and is expected to witness 20% CAGR from 2018 to 2024. However, in contrast with this same period a year ago, there are somewhat more positive outlooks and positive CreditWatch placements than negative ones. 5% this year (up from last year’s growth of 1. The transportation and warehousing sector consists of these subsectors: Air Transportation: NAICS 481 Rail Transportation: NAICS 482 Water Transportation: NAICS 483 Truck Transportation: NAICS 484 Transit and Ground Passenger Transportation: NAICS 485 Pipeline Transportation: NAICS 486 Scenic and Transportation & logistics. Explore our trends series. Global ecommerce logistics costs are expected to have a 17% CAGR through 2020. 6 Transportation Industry Trends to Look for in 2019. All such advantages […] May 31, 2019 · This study analyzes these various trends and provides the 2019 growth outlook for the global transportation and logistics industry in terms of size, by region and by industry segments, such as Dec 19, 2017 · Up Next 5 Trends That Will Impact Your Business in 2018 (You Might Already Know No. Oct 17, 2018 · The trucking industry is entering into a new year and this time it has full potential to grow even more than 2018. . Aug 01, 2019 · The trucking industry’s total revenue and cross-border operations experienced significant increases last year, according to the recently released American Trucking Trends in 2018, an Oct 29, 2018 · Given certain trends are likely to carry over into other industries, it’s worth keeping an eye on 2018 trucking industry trends and not just on the road, but also in the boardroom and at the bank. As of October 2017, APM-Maersk is the world’s leading container ship operator. Some have pinned responsibility on the emerging technology of transportation network companies (also known as ride hailing companies, and also known as Uber and Lyft). Blockchain- Blockchain and AI first made its presence felt in the logistics industry early this year. SIC 4151 | NAICS 485410. Capacity Crunch. This is a drop compared with the 5. Global Trends 2018 Global Rail and Transit Trends for 2018 As rail transport demand continues to rise around the world, WSP’s expertise in transport infrastructure is propelling rail and transit networks toward sustainable mobility. Public transportation industry comprises companies, establishments, Global Public Transport Market 2018 by Manufacturers, Countries, Type and Application,   30 Jun 2019 We can't say for sure, but these industry insiders have an inkling. What’s next for hardware, software, and services. From new legislation to groundbreaking technology, there’s always something impacting the industry’s trajectory. 7 billion by 2025. The trucking industry is booming and vast, and handles freight for a number of other industries to ensure that companies and customers across the nation get the materials and products they need. Internet of Things (IoT) is poised to disrupt almost every sector and transportation is one of them. business environment has remained rather stable, only deteriorating slightly since 2018. For a generation that expects the comfort of an SUV with fuel and operational cost-effectiveness, crossover vehicles have become a big hit. 2024e. warehouse market size in the United States was $1. 2% in July 2018 while LTL topped off at 8. Part one analyzes the current industry and emerging trends from a global perspective. Lessons from leisure travel Aug 3, 2018. The trucking industry is relied upon for 70% of all freight transported annually in the United States. In fact, it can automate an entire vehicle. As a rule, trends are difficult to predict—and the rule definitely applies to transit. One of John Larkin’s annual “top ten” industry trend listings suggests automation may not arrive soon enough May 18, 2018 · Spot rates were on the rise for much of 2017 and could continue to do so throughout 2018. Nov 01, 2017 · The Transportation Industry faces major regulatory change, new last mile competition and a rise in claims’ severity in 2018. The total U. The new year provides a great opportunity to look at what's ahead for the transportation industry. 800. Top logistics industry trends in 2018 including data-driven logistics, elastic logistics, use of blockchain, and perfect order deliveries are covered in the blogs from Infiniti Research. and those interested in how Wisconsin’s state and federal transportation funds are distributed across all the various transportation modes. GTG Technology Group. 7% of Establishments in these industries use transportation equipment or transportation related facilities as a productive asset. Small Business Trends spoke with Brian Fielkow, CEO of Jetco Delivery, about what he sees as the solutions to this critical persistent gap. The first will earn plenty of news coverage in 2018, and that’s the emergence of automation in transportation, including autonomous trucking. 7%, to 65. “In 2023, the TCO cost parity might be reached at 81 cents per km ($1. According to the report, trucking industry revenues were $796. Looking at the same-month-yearago rate of increase in transaction prices we see that truckload inflation peaked at 11. PAGES. In terms of recent trends impacting these markets, both have seen increased demand as the nation has recovered from the recession. Wheels in motion: Steady population growth has driven demand for industry services  Industry Trends. 1 In addition to increased profits, the past year had the industry seeing an increase in truck orders, which may be surprising some given Transportation & logistics. *PwC CEO Survey 2018  11 Feb 2019 2018 has ended and 2019 is here! New opportunities in the transportation industry are thriving. 2974. The ELD mandate continues to be a controversial topic, we’re keeping an eye on the current capacity crisis, the industry is soaring to new technological heights with autonomous vehicles, and so much more. Here is a quick look at 6 technology trends for 2018 and beyond, the roles they play in logistics, and how they may shape the future. 1 Top 10 economies with the largest container shipping fleets, as of January 1, 2018. Robotics & Automation Industry Trends Transportation & Logistics trends 2019: The logistics segment confronts an onslaught of startups Industries Aerospace and defense Automotive Chemicals Consumer markets Entertainment and media Financial services Health Industrials Metals and mining Oil and gas Power and utilities Public sector Technology Telecommunications Jul 22, 2019 · 2018 Trends Report Topic Spotlight: Non-Emergency Medical Transportation Brokerages and Benefits of Coordination Posted on Jul 22,2019 In this Non-Emergency Medical Transportation Topic Spotlight, NADTC explores how different states approach coordination. Public Transport in Australia - Market Research Report. In 2018 there are significantly more Boomers who indicate their desire to travel is to relax and rejuvenate (49% vs. May 23, 2019 · The development of SaaS or Software-as-a-Service will help you move forward. Undoubtedly, the upcoming With this as backdrop, carrier activities remain high on the list of trends to watch and consider in 2018. Part two examines airline distribution in a digital, data-driven world as well as taking a deeper look at the effect disruptors are having on the airline industry. May 2018. A large proportion of workers are set to retire in the next two decades, however attracting, training and retaining young workers is proving to be a challenge. In short, it is a good freight year paired with an exceptional capacity year. 3 International Transportation Trends Impacting Shippers in the First Half of 2018 When it comes to international transportation service providers - oftentimes the “service” aspect of the service provider is lost in the shuffle of price competitiveness and transactional management of daily shipments. America's highly integrated supply chain network links producers and consumers through multiple transportation modes, including air and express delivery services, freight rail Dec 26, 2018 · In regard to the automotive industry, 2018 has been a year of continued innovation and various technological advancements. Low economic growth, relatively low oil prices, and the stimulus of new technologies and business. Industry Trends. The rail transportation industry in the US accounts for total revenue of $80 billion. What’s not clear is if these strong truck sales forecasts will add capacity or primarily serve as replacement capacity. 49 billion tons of freight ( also an increase over 2017). 11 Jun 2018 According to MarketsandMarkets analysis, the top transportation industry trends for 2018 include an increasing demand for truck platooning,  Top 7 Transportation Industry Trends in 2018. 5 Top Trends in the Transportation Industry in 2018 1. 70. Carrier consolidation The industry encompasses freight transportation by road, rail, air, marine and pipeline, but also passenger transportation. Apr 17, 2018 · The trucking industry will continue to shine in 2018 and beyond because of expansionary measures by the Trump region. 5%), demand for TL and LTL is booming, putting additional stress on the trucking industry. In 2018, 796. 10 internal audit trends for 2019. 2022e. And while shippers are assessing new technologies to better manage operations, the results of our 27th Annual Study on Trends and Issues in Logistics & Transportation suggest that these new tools alone will not solve the age-old problems we’re still facing. 28%, from USD 8. Analysts expect investment to correlate with sector-specific growth in the U. The American Trucking Association ’s seasonally adjusted Truck Tonnage Index increased 8. According to the American Trucking Associations, there are only 3. to their business*. There still isn’t a satisfactory solution to this problem except for drone deliveries. 5% in October, rebounding from September’s revised 3. traveled a total of 450. The As an update, in this post, we’ll address a more updated way that shippers can navigate the 2018 Capacity Crunch many shippers are currently facing. Explore five key trends transforming transport and logistics industry in the coming years. 7 million people were employed in jobs related to trucking activity, including 3. Mar 27, 2019 · New truck technology that is changing transportation industry trends With an increase of e commerce, the demand for truck drivers is rising, which has lead to a few changes in transportation industry trends to keep up with the supply and demand. 1 Adjusting to changes: Overview of shifts in international trade 2. 67 billion during 2018-2022 at a CAGR of 4%, with road transportation segment having the largest market share. Also get more insights on how these trends will bring a new wave of change in the transportation industry. Freight matching designed for shippers, brokers and carriers. Grazia Speranza. Rail Traffic Likely to Increase. This article was originally published by TransLoc. The current state of freight transportation has many of the same hallmarks as the past. 6 percent (from $24. As freight demand continues to soar, spot rates rise with it. This statistic displays the total annual revenue of the freight trucking industry in the United States between 2014 and 2018. Aug 13, 2018 · According to DAT, the shipping will robust in this year. A CAGR of that multiple Mar 15, 2018 · Increased regulation. Electric Trucks. 8% in June. Trump Year 2 - the Sophomore Jinx and Crisis Management . Feb 04, 2020 · Market Insights Trucking industry insurance trends and issues Troubled Transport: After a record profit year in 2018, many trucking companies experienced the exact opposite in 2019. And on top of all of the above, transportation partners need to ensure safety and provide quality service, system integration, tracking, and reporting, all while being good stewards of our environment. 29 Jan 2018 According to SCI Verkehr, an independent consultancy company for the global transportation sector, freight, passenger and urban rail transport  19 Oct 2018 Which industries will get the most benefit from these technologies? What is the likely future trend? As the possibilities of M2M communications are  30 Sep 2019 The global economic environment for 2018 faced headwinds due to trade wars, higher oil import costs, and interest rate hikes. The trucking industry is experiencing a low truck supply but a high demand for freight. Dec 21, 2017 · Transportation Capacity Crunch . 6% year over year in July, which is the 15th consecutive month of growth. May 30, 2020 · Transportation Condensing Units Market Industry Analysis By Key Players, Trends, Segmentation And Forecast By 2018 -2028 Lithopone Market: Quantitative Market Analysis, Current and Future Trends, 2019-2029 Jul 02, 2020 · Air Freight Industry- Growth, Trends, and Forecast (2020 - 2025) in 2018. The Road Freight Transport Market in North America is projected to grow at a CAGR around 3% to reach over USD 900 billion by 2023 driven by the strong growth anticipated in the freight volumes, presence of huge trucking network and infrastructure, advancements in the technologies. Get more details on this report - Request Free Sample PDF School Bus Transportation Services. Overall, the electronic logging device (ELD) implementation, driver shortage, and weather events affected multiple facets of transportation. The vast majority of respondents were parking and transportation managers, consultants, department heads, One of the most ambitious trucking trends for 2018 is the quickly forming reality of automated trucks. By Doug Kaufman - January 19, 2018 1. The changes include: Nov 13, 2017 · Investigative Report: 2018 Trucking Industry Forecast and Expectations Nearly 70 percent of the freight shipped throughout the United States travels by truck at some point in its journey. [9] In this case, Faraday, an electric car company, brought a trade secret misappropriation case Dec 21, 2017 · Transportation Capacity Crunch . 2018 promises to be a year of massive change in our industry. Transportation Economic Trends 2018, released December 2018, highlights important trends in transportation and the economy, and explains related concepts and data sources for a general audience. Jul 21, 2017 · Future of the travel industry: major trends for HUPAC client event on intermodal transport. are moved by truck. Department of Transportation’s National Highway Traffic Safety Administration today released highway crash fatality data for 2018, showing a 2. 4 percent from the first quarter of 2004 to the first quarter of 2018 (from $19. It moves technology to shippers’ hands too. 2 Transportation Services: The Trucking Industry . Emerging Technologies in Freight Transportation. x lock Purchase this report or a membership to unlock the average company profit margin for this industry. Mar 06, 2018 · Shipping & transportation management platforms are, by far, the most highly-adopted new trend in shipping industry. As logistics becomes the backbone of every industry like retail, e-commerce, consumer goods, and healthcare, the business world today is aligning its strategies with respect to the ongoing and upcoming logistics trends, such as robotics, artificial intelligence (AI) and machine learning algorithms. Future of transportation. Find the latest trends & insights today Jul 09, 2018 · “Mobility as a service (MaaS) will be the major industry trend for 2018. Some of these trends have already started to emerge, while some are just around the corner. Digitalization Jun 11, 2020 · As we look ahead to 2018, I’ve been working with my colleagues to identify some trends that we think will have an impact on our business and industry. Truck Platooning. 2018. Let’s look at five global carrier trends we will see this year. transportation industry trends 2018