The rapid growth of e-commerce impacts trucking and how the industry operates today. Over the last 20 years, e-commerce has taken over the way consumers are spending and shopping. The convenience of the Internet is changing the way the world functions. This growth has presented both challenges and opportunities for the trucking and freight industry, as the industry must adapt to the new climate of the world.
It seems like not to long ago, going to an actual store was the only way consumers could shop. Today, technology has changed that through e-commerce. E-commerce, also known as electric commerce, is a commercial transaction conducted electronically on the Internet. This is both the buying and selling of goods or services online. The Internet has changed e-commerce and trucking. Look how convenient it is to order something online and have it at your doorstep within hours or days.
With the growth of the Internet, traditional retailers have been forced to close thousands of brick-and-mortar stores across the United States. The growth of e-commerce has forced the trucking industry to step up as hauling as increased, as consumers desire more shopping and faster shipping options.
- The use of single-unit trucks, trucks without a detachable trailer has increased by 7.8 percent between 2007 and 2016 compared to 4.4 percent growth in combination truck registrations. This is due to the access of E-commerce allowing user to have access to so much from the convenience of their home or anywhere they me without stepping foot in a store.
The rise of e-commerce has affected trucking in positive ways. Although every method of transportation moves freight, the trucking industry is the main form. The growth of e-commerce has reshaped the trucking industry through ways products are packaged, shipped and delivered.
As more retailers promise fast delivery, online companies like Amazon are finding new, innovative ways to get shipments to consumers faster than ever through building warehouses and fulfillment centers in urban areas. The increase in retailers who promise faster shipments has impacted how the truck industry operates.
As the industry grows and times change, there is still a small problem in the trucking industry. Driver shortage and retention are at the top of the list. As e-commerce grows, so does the demand for short-haul truck drivers. The US Department of Transportation projects that by 2040, US annual freight volume will increase by 45 percent to 29 billion tons, most of that volume being hauled by trucks. Over 51,000 drivers will be needed to meet that kind of demand.
E – commerce is one of the largest increases in hauling in the last decade and we suspect it to only continue to grow!