E-commerce has been a game changer for not only the retail economy but also the logistics and shipping businesses. Total e-commerce revenue today in the U.S. is nearly $425 billion, and it is steadily climbing. That is presenting a big opportunity but also some challenges for the shipping industry. While e-commerce is booming, so is the overall economy, which means more shipping from businesses as well. There are nearly 12 million trucks, rail cars and other land vessels moving cargo in the U.S. each year, and the demand keeps climbing. These conditions have led to some trends in the shipping and logistics industry that are causing carriers to have to adapt.
One trend is toward expedited domestic shipping services. The big disadvantage to e-commerce is that you have to wait for your purchase. The faster the retailers can get the product to customers, the happier they will be, and the more likely they will be to make repeat purchases. More and more companies selling online are offer
Technology is transforming the world of freight, transportation and logistics. The rise of e-commerce has changed shipping patterns, leading to an increase in less than a truckload or LTL shipments. The development of new logistics software allows shippers and brokers to track goods in real time, for greater efficiency and security. Speciality freight services now offer managed transportation that can handle everything from global aerospace logistics to trade show shipments.
Freight and logistics industry continues to grow
The freight and logistics industry has been the lifeblood of the economy, and it continues to grow. By 2013, 15 billion tons of cargo were being transported by the trucking industry. This number is growing and is expected to reach 18.79