Resources & Insights

The global transportation industry hit a market value of $7.31 trillion in 2022. Experts say the AI market in transportation will reach $6.51 billion by 2031. This growth rate is 17.5% each year. This marks a big change for freight transportation in America.

Experts say the global IoT in logistics market will grow from $53.25 billion in 2024 to $119.68 billion by 2030. This shows how IoT in Freight changes how companies handle shipments, routes, and updates in real-time.

Manual processes and too many middlemen cost the logistics industry about 30% of its budget. This shows how badly we need better solutions to save time and money.

Did you know 30% of logistics pros say old ways don't cut it anymore? This shows why digital solutions are changing the game in freight management.

The global freight and logistics market is expected to hit $18.69 billion by 2026. This growth is significant, given that freight operations could account for up to 40% of worldwide carbon emissions by 2040. These numbers highlight the major changes happening in freight shipping.