#reports for transport industry

[industrynewsupdates]

Insights into Smart Transportation Market: A Global Perspective

The global smart transportation market was valued at USD 110.53 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 13.0% from 2023 to 2030. This growth is largely driven by advancements in urban development projects, government initiatives focused on reducing greenhouse gas emissions, and the increasing demand for integrating technology into traffic control systems. Many cities face significant challenges, including poor-quality public transportation, insufficient capacity for managing public transport, concerns about road safety, ineffective traffic management, and parking issues. These challenges underscore the pressing need for smart transportation systems, which are expected to see substantial growth in the near future. Urbanization, the growing acceptance of IoT-based technologies, and the rollout of 5G connectivity are making the implementation of smart transportation infrastructure more feasible.

The COVID-19 pandemic had a profound negative impact on various industries globally, including smart mobility. Government-mandated lockdowns and quarantines aimed at curbing the spread of the virus significantly affected businesses, particularly within the transportation sector. Travel restrictions that were put in place hindered the movement of people and goods, resulting in a drastic decline in revenues, growth, and income within the transportation industry. As public transportation remains particularly vulnerable to health crises, travel organizations are now focusing on data-driven decision-making to enhance their services and rebuild consumer trust. This shift is expected to drive an increased demand for private transportation services in the upcoming years.

Gather more insights about the market drivers, restrains and growth of the Smart Transportation Market

Service Insights

The cloud services segment dominated the smart transportation market, capturing over 42.4% of the market share in 2022. This segment is expected to maintain its leading position throughout the forecast period, primarily due to its capability to manage the vast quantities of data generated by mobile technologies and sensors. As technologies such as big data and cloud computing continue to advance, they are becoming increasingly essential to transportation systems. Cloud platforms provide secure storage solutions and processing power, which are vital for improving traffic forecasting and management.

Furthermore, the growing interest in and application of machine learning, data analytics, Internet of Things (IoT) technologies, and cybersecurity measures will play a significant role in shaping smart transportation initiatives in the coming years.

The professional service segment is also experiencing heightened growth within the smart transportation landscape. This segment encompasses a diverse range of services, including design consultation, strategic planning, and implementation support, each contributing uniquely to its expansion. The increasing demand for professional services is largely driven by the need to upgrade outdated systems to more advanced and efficient solutions, a shift facilitated by a growing reliance on consulting expertise.

By leveraging the knowledge and resources provided by professional service providers, organizations can enhance traffic control measures, implement smart parking solutions, and make informed decisions across various transportation applications. This collaborative approach helps to optimize the effectiveness of smart transportation systems and promotes faster, data-driven decision-making.

Order a free sample PDF of the Smart Transportation Market Intelligence Study, published by Grand View Research.

[artisticdivasworld]

The Power of Data Analysis and Integration for Your Business: Why You Need to Start Now

To keep your trucking business financially healthy, it’s crucial to track revenue and expenses accurately. Data analysis helps you monitor income from various brokers and customers, and keep a close eye on every cent of your expenses. By integrating financial data from multiple sources, you get a clear picture of your cash flow, enabling you to make smart decisions. We touched on this topic once…

[sayruq]

I figured I should list setbacks and consequences (including signs of internal collapse) faced by Israel in the past couple of months. I'll make this as chronological as possible. Add any you think I missed.

While Hezbollah targets Haifa, Golan Heights, and new settlements

Gaza continues to punish the invading army

More and more western publications are forced to admit that Israel cannot defeat the Palestinian resistance

“This is a very high number that encompasses many sectors. About 77 percent of the businesses that have been closed since the beginning of the war, which make up about 35,000 businesses, are small businesses with up to five employees, and are the most vulnerable in the economy,” Yoel Amir, CEO of Israeli information services and credit risk management firm, CofaceBdi, told Maariv. The report adds that “the most vulnerable industries are the construction industry, and as a result also the entire ecosystem that operates around it: ceramics, air conditioning, aluminum, building materials, and more – All of these were significantly damaged,” according to CofaceBdi’s risk ratings. The trade sector has also been severely affected. This includes the service sector and industries including fashion, furniture, housewares, entertainment, transport, and tourism. Israel is in a situation where “there is almost no foreign tourism,” the report said, adding that “damage to businesses is all over the country, and almost no sector has been spared.” This includes the agriculture sector, which is based mainly in the south and the north – both considered active combat zones due to the threat posed by the Palestinian resistance and Lebanon’s Hezbollah – whose support front against Israel has significantly contributed to the downfall of the economy. The CofaceBdi CEO estimates that 60,000 Israeli businesses are expected to be shut down by the end of 2024.

ICYMI, Yemen's armed forces have said they got a direct hit on Eisenhower, a nuclear powered aircraft carrier, forcing it to leave the Red Sea

Israel's attack on Yemen is playing a role in bringing Yemen's civil war to an end.

Etc, etc.

The point of this post is to encourage everyone who reads it. Keep talking about Gaza, keep boycotting, keep protesting, keep resisting.

[batboyblog]

Things Biden and the Democrats did, this week #24

June 21-28 2024

The US Surgeon General declared for the first time ever, firearm violence a public health crisis. The nation's top doctor recommended the banning of assault weapons and large-capacity magazines, the introduce universal background checks for purchasing guns, regulate the industry, pass laws that would restrict their use in public spaces and penalize people who fail to safely store their weapons. President Trump dismissed Surgeon General Dr. Vivek Murthy in 2017 in part for his criticism of guns before his time in government, he was renominated for his post by President Biden in 2021. While the Surgeon General's reconstructions aren't binding a similar report on the risks of smoking in 1964 was the start of a national shift toward regulation of tobacco.

Vice-President Harris announced the first grants to be awarded through a ground breaking program to remove barriers to building more housing. Under President Biden more housing units are under construction than at any time in the last 50 years. Vice President Harris was announcing 85 million dollars in grants giving to communities in 21 states through the  Pathways to Removing Obstacles to Housing (PRO) program. The administration plans another 100 million in PRO grants at the end of the summer and has requested 100 million more for next year. The Treasury also announced it'll moved 100 million of left over Covid funds toward housing. All of this is part of plans to build 2 million affordable housing units and invest $258 billion in housing overall.

President Biden pardoned all former US service members convicted under the US Military's ban on gay sex. The pardon is believed to cover 2,000 veterans convicted of "consensual sodomy". Consensual sodomy was banned and a felony offense under the Uniform Code of Justice from 1951 till 2013. The Pardon will wipe clean those felony records and allow veterans to apply to change their discharge status.

The Department of Transportation announced $1.8 Billion in new infrastructure building across all 50 states, 4 territories and Washington DC. The program focuses on smaller, often community-oriented projects that span jurisdictions. This award saw a number of projects focused on climate and energy, like $25 million to help repair damage caused by permafrost melting amid higher temperatures in Alaska, or $23 million to help electrify the Downeast bus fleet in Maine.

The Department of Energy announced $2.7 billion to support domestic sources of nuclear fuel. The Biden administration hopes to build up America's domestic nuclear fuel to allow for greater stability and lower costs. Currently Russia is the world's top exporter of enriched uranium, supplying 24% of US nuclear fuel.

The Department of Interior awarded $127 million to 6 states to help clean up legacy pollution from orphaned oil and gas wells. The funding will help cap 600 wells in Alaska, Arizona, Indiana, New York and Ohio. So far thanks to administration efforts over 7,000 orphaned wells across the country have been capped, reduced approximately 11,530 metric tons of carbon dioxide equivalent emissions

HUD announced $469 million to help remove dangerous lead from older homes. This program will focus on helping homeowners particularly low income ones remove lead paint and replace lead pipes in homes built before 1978. This represents one of the largest investments by the federal government to help private homeowners deal with a health and safety hazard.

Bonus: President Biden's efforts to forgive more student debt through his administration's SAVE plan hit a snag this week when federal courts in Kansas and Missouri blocked elements the Administration also suffered a set back at the Supreme Court as its efforts to regular smog causing pollution was rejected by the conservative majority in a 5-4 ruling that saw Amy Coney Barrett join the 3 liberals against the conservatives. This week's legal setbacks underline the importance of courts and the ability to nominate judges and Justices over the next 4 years.

[electronalytics]

Cargo Transportation Insurance Market Overview, Development and Outlook on Key Growth Trends, Factors and Forecast 2032

Cargo Transportation Insurance Market Overview:

The Cargo Transportation Insurance Market is a critical component of the global insurance industry, providing coverage for the loss or damage of goods during their transit from one location to another. It serves as a safeguard for businesses and individuals involved in the transportation of cargo by sea, air, rail, or road. This insurance mitigates financial risks associated with cargo loss, damage, theft, and accidents during transportation.

The Global Cargo Transportation Insurance Market size was valued at USD 54.12 Billion in 2022 and growing at a CAGR of 3.1% from 2024 to 2030.

Dynamic Demand:

Global Trade Growth: The continued expansion of global trade and supply chains has increased the demand for cargo transportation insurance to protect valuable cargo moving across borders.

E-commerce Boom: The surge in e-commerce has led to a higher volume of goods being transported, resulting in increased demand for cargo insurance to safeguard shipments during transit.

Specialized Cargo: The transportation of specialized cargo, such as perishable goods, hazardous materials, and high-value items, drives demand for specialized cargo insurance policies.

Risk Mitigation: Cargo transportation insurance is seen as a crucial risk mitigation tool for businesses looking to protect their assets and maintain financial stability.

Opportunity:

Emerging Markets: Expanding trade routes and emerging markets offer growth opportunities for cargo transportation insurance providers as businesses seek to insure shipments to new destinations.

Supply Chain Complexity: Complex global supply chains with multiple touchpoints increase the need for cargo insurance, as goods are exposed to various risks during their journey.

Technological Advancements: The integration of technology, such as real-time tracking and IoT devices, can enhance cargo insurance offerings, providing more accurate risk assessment and timely claims processing.

Customized Solutions: Tailored insurance solutions for specific industries, such as pharmaceuticals, electronics, and high-value goods, present opportunities to cater to specialized needs.

Scope:

The scope of the Cargo Transportation Insurance Market includes various aspects:

Coverage Types: Cargo insurance policies may cover various risks, including all-risk coverage, named perils, and specific types of cargo (e.g., marine cargo insurance).

Modes of Transportation: Cargo transportation insurance is applicable to various modes, including maritime, air, rail, road, and intermodal transportation.

Cargo Types: Insurance coverage extends to a wide range of cargo, from general goods and raw materials to specialized items like fine art, electronics, and refrigerated goods.

Geographical Coverage: The market operates globally, covering domestic and international cargo shipments.

Insurance Providers: Insurance is offered by a diverse range of providers, including insurance companies, underwriters, and brokers.

Outlook:

The Cargo Transportation Insurance Market is expected to remain essential for businesses and individuals involved in the global supply chain. The outlook includes:

Technological Integration: The adoption of advanced technologies for risk assessment and claims processing is expected to continue, enhancing the efficiency and accuracy of cargo insurance.

Sustainability: The industry may witness increased demand for sustainability-focused insurance solutions to address environmental risks in cargo transportation.

Regulatory Changes: Evolving international trade regulations and compliance requirements may impact cargo insurance policies, necessitating adaptability.

Global Economic Factors: Economic conditions, trade tensions, and geopolitical factors can influence the demand for cargo insurance as businesses seek to mitigate risks associated with uncertainties.

I recommend referring to our Stringent datalytics firm, industry publications, and websites that specialize in providing market reports. These sources often offer comprehensive analysis, market trends, growth forecasts, competitive landscape, and other valuable insights into this market.

By visiting our website or contacting us directly, you can explore the availability of specific reports related to this market. These reports often require a purchase or subscription, but we provide comprehensive and in-depth information that can be valuable for businesses, investors, and individuals interested in the market.

“Remember to look for recent reports to ensure you have the most current and relevant information.”

Click Here, To Get Free Sample Report: https://stringentdatalytics.com/sample-request/cargo-transportation-insurance-market/1482/

Market Segmentations:

Global Cargo Transportation Insurance Market: By Company • Marsh • TIBA • Travelers Insurance • Halk Sigorta • Integro Group • Liberty Insurance Limited • Chubb • AGCS • Aon • Arthur J. Gallagher • Liberty Mutual Insurance • AIG • Marsh • Swiss Re • Zurich Insurance • Atrium • Samsung Fire & Marine Insurance • Mitsui Sumitomo Insurance • Munich Re • Peoples Insurance Agency • Sompo Japan Nipponkoa Insurance • Thomas Miller • XL Group Public Limited • Gard • Tokio Marine Holdings Global Cargo Transportation Insurance Market: By Type • Land Cargo Insurance • Marine Cargo Insurance • Air Cargo Insurance Global Cargo Transportation Insurance Market: By Application • Marine • Land • Aviation Global Cargo Transportation Insurance Market: Regional Analysis All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Cargo Transportation Insurance market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Click Here, To Buy Premium Report: https://stringentdatalytics.com/purchase/cargo-transportation-insurance-market/1482/?license=single   

Reasons to Purchase Cargo Transportation Insurance Market Report:

Market Understanding: Market reports offer a comprehensive overview of a specific industry or market segment, providing essential information about its current state, historical trends, and future projections. This knowledge is vital for making informed decisions.

Competitive Intelligence: Market reports often include detailed information about key players in the industry, their market shares, strategies, and strengths and weaknesses. This information can help you benchmark your business against competitors and identify opportunities for growth and improvement.

Market Size and Growth: Access data on the market's size, growth rate, and revenue projections. This information is crucial for assessing market potential, identifying emerging trends, and making strategic decisions.

Trends and Insights: Stay updated on the latest trends and developments in the industry. Reports provide insights into emerging technologies, consumer preferences, and market dynamics, helping you stay competitive.

Market Opportunities: Discover growth opportunities within the market, such as niche segments, emerging markets, or unmet customer needs. This insight can guide your business strategy and product/service offerings.

Risk Assessment: Identify potential risks and challenges in the market, including regulatory changes, market saturation, or economic fluctuations. Understanding these risks enables you to develop effective risk mitigation strategies.

Investment Decisions: If you are an investor or considering investment in a particular industry, a market report can provide essential data to support your investment decisions. It helps assess market attractiveness, growth potential, and ROI expectations.

Strategic Planning: Use the information from the report to develop or refine your business strategy. This includes identifying target markets, setting pricing strategies, and determining distribution channels based on market dynamics.

Customer Insights: Understand customer preferences, needs, and pain points within the market. This knowledge can guide product/service development, marketing campaigns, and customer engagement strategies.

Regulatory Compliance: Stay informed about relevant regulations and standards in the industry. Compliance is essential for ensuring that your business operates within legal boundaries.

Data-Driven Decision-Making: Access to reliable market data and analysis enables data-driven decision-making, reducing the risk of making decisions based on assumptions or incomplete information.

Market Entry and Expansion: If you are considering entering a new market or expanding your existing presence, a market report can provide critical insights into market feasibility and potential barriers.

About US:

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[mohitbisresearch]

Intelligent Transportation Systems Market is expected to reach $40.76 billion by 2031, Intelligent Transportation Systems Industry growing with a CAGR of 5.8% during the forecast period 2021-2031.

[tbrcresearchreport]

The Business Research Company offers artificial intelligence in transportation market research report 2023 with industry size, share, segments and market growth

[mrudula01]

Intelligent Roadways TMS Market: Application Updates 2030

Automotive

12, January 2023

Intelligent roadways transportation management systems refer to an advanced technology that offers innovative solutions pertaining to transport management and enables end-users to make better, safer, and ‘smarter’ use of road transport networks. According to Triton Market Research, the Global Intelligent Roadways Transportation Management Systems Market is likely to develop with a CAGR of 10.32% over the forecast years from 2023-2030. IRTM systems are incorporated with sensors, navigation systems, vehicle probes, video surveillance devices, etc., that offer real-time data for analysis, which is then communicated to users.

Statistics from the OECD suggest that, by 2050, global passenger transport and freight transport will increase by 2.3 fold and 2.6 fold, respectively, compared to their values in 2015. Also, roads are among the most preferred transport modes, accounting for most motorized passenger travel and domestic freight transit. IRTMS help enhance the operational efficiency of public transit systems and also boost overall passenger safety. Moreover, they optimize the logistics capabilities and help manage numerous business needs of e-commerce service providers. These factors have contributed to the increased demand for intelligent roadways TMS.

Transportation Management Systems – A Quick Run-down on the Parent Market

Transportation management systems streamline the process of shipping. This makes managing and optimizing operations easier for businesses, whether the transit mode they use is sea, land, or air. TMS play a key role in supply chain management, impacting every part of the process—from planning & procurement to logistics & lifecycle management. Rapid industrialization and manufacturing growth are key factors that have increased their adoption worldwide.

The burgeoning e-commerce sector, due to the growing trend of online shopping, is further contributing to the escalating demand for these systems to facilitate shipping operations. In today’s world, where countries compete on a global level, it is crucial for them to have developed transport, logistics, and trade-related infrastructures. A TMS provides visibility into everyday operations, trade compliance data & requirements, and ensures the timely delivery of goods. The improving bilateral economic relations between several countries worldwide are creating growth opportunities for operating players to expand their consumer base.

IRTMS Market | Expanding Applications

Fleet management solutions leverage telematics and IoT technologies using navigational positioning. Smart technologies can reduce the operational costs of managing fleet, increase routing efficiency, and also enhance driver security. MercuryFleet by MercuryGate International Inc facilitates instant communication with drivers, and also helps track equipment in real time via control tower visibility. The fleet management market is driven by the growing demand for logistics and freight transportation. Fleet management accounted for a revenue share of $9819.39 million in the application segment in 2022.

Whereas, automated ticketing is expected to grow at a CAGR of 11.39% in the application segment over the forecasted period. Automated ticketing systems for public transport, such as buses, metros, and trains, rely on the use of smart cards and IoT technology. These systems enable hassle-free payments, save time, and eliminate other barriers associated with traditional ticketing systems. Also, recent projects in India and China for the development of IRTMS-based unified automated ticketing systems have enhanced the scope of this application. Such developments have also bolstered the Asia-Pacific intelligent roadways transportation management systems market, which is expected to grow at an 11.02% CAGR during the forecast period.

Smart Cities: Market’s Future Agenda

According to the World Bank, nearly 4.4 billion people worldwide live in cities. And by 2050, the global urban population is expected to reach more than double its current size. The concept of smart cities is gaining impetus, which will bring together technology and infrastructure. It will transform cities through infrastructure development and improve people’s quality of life by efficient public service delivery. Smart transport systems and smart city traffic management are revolutionizing the approach towards mobility and emergency response, while reducing congestion issues.

Global hubs like New York City have embraced this development. The implementation of autonomous goods transportation systems across the country has drastically improved supply chain efficiency and also reduced the need for long-haul drivers to balance tight timelines. Also, smart infrastructure development for transportation management represents growth opportunities for IRTMS providers, as various transportation agencies and car rental companies in smart cities will use these solutions to reduce traffic congestion and save time. Thus, the rising concept of smart cities is anticipated to foster the growth of the intelligent roadways transportation management systems market.

FAQs:

Q 1) What are the revenue estimates for the IRTMS market?

The IRTMS market was valued at $34875.99 million in 2022, and is anticipated to reach $74615.39 million by 2030.

Q 2) Which are the different applications covered in the market report?

Passenger Information Management, Automated Ticketing, Automated Traffic Control, Fleet Management, Automated Parking Assistance, and Other Applications

[industrynewsupdates]

Key Technology Solutions Shaping the Future of the Smart Transportation Market

The global smart transportation market was valued at USD 110.53 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 13.0% from 2023 to 2030. This growth is primarily fueled by advancements in urban development projects, government initiatives aimed at reducing greenhouse gas emissions, and the rising demand for integrating technology into traffic control systems. Many cities face significant challenges, including poor quality and safety in public transportation, insufficient capacity to manage public transport effectively, concerns regarding road safety, inadequate traffic management, and parking difficulties. These issues are contributing to an increased demand for smart transportation systems, which are expected to see substantial growth in the near future. Factors such as rapid urbanization, the widespread acceptance of Internet of Things (IoT) technologies, and the rollout of 5G connectivity are facilitating the implementation of smart transportation infrastructure.

Between 2018 and 2019, the market witnessed substantial growth due to the application of existing technologies in vehicles and transportation infrastructure aimed at enhancing traffic management, improving safety, reducing maintenance costs, and enabling more efficient use of transportation networks. Additionally, the introduction of autonomous vehicles, increased investment in smart city initiatives, a decline in vehicle ownership, and the growth of Mobility as a Service (MaaS) are likely to create significant opportunities for companies in the smart transportation sector.

For instance, in September 2022, Indra Sistema S.A. announced a collaboration with Masmovil Group, a broadband service provider, to create an advanced ecosystem that will promote the growth of smart 5G services and solutions for the transportation industry. This partnership aims to develop and test innovative solutions based on the 5G communication standard, facilitating smarter, more connected, and sustainable mobility.

Gather more insights about the market drivers, restrains and growth of the Smart Transportation Market

Solution Insights

In 2022, the traffic management segment held the largest market share, accounting for over 32%, and is expected to remain dominant throughout the forecast period. Key solutions within this segment include integrated monitoring systems, intelligent parking systems, transportation planning systems, and ticketing management solutions. Among these, traffic management systems are the most recognized and widely adopted.

The demand for traffic management systems is driven by their ability to enhance safety, effectively manage traffic congestion, minimize energy consumption, and reduce pollution, among other benefits. These systems also address traditional challenges such as transit delays and enhance security for citizens.

For example, in August 2022, LG CNS announced plans to develop systems for both public transit and electric vehicles. The company aims to provide consulting services for smart city design projects in East Kalimantan, Borneo Island, and Indonesia's new capital city. Furthermore, LG CNS is working on establishing a foundational plan for introducing electric vehicles and developing public transit networks.

Another segment expected to experience significant growth is parking management. This segment encompasses systems such as exit ticket readers, decentralized payment collection systems, and ticket dispensers at entry and exit points. The rise in cloud-based parking services and the increasing availability of off-street parking are driving this segment's expansion. For instance, following the COVID-19 pandemic, various jurisdictions reinstated parking fines for off-street parking. In May 2020, the Lancaster City Council reintroduced parking fees in some of its off-street parking areas.

Order a free sample PDF of the Smart Transportation Market Intelligence Study, published by Grand View Research.

[tritonmarketresearch]

Intelligent Roadways TMS Market: Application Updates 2030

Intelligent roadways transportation management systems refer to an advanced technology that offers innovative solutions pertaining to transport management and enables end-users to make better, safer, and ‘smarter’ use of road transport networks. According to Triton Market Research, the Global Intelligent Roadways Transportation Management Systems Market is likely to develop with a CAGR of 10.32% over the forecast years from 2023-2030. IRTM systems are incorporated with sensors, navigation systems, vehicle probes, video surveillance devices, etc., that offer real-time data for analysis, which is then communicated to users.

Statistics from the OECD suggest that, by 2050, global passenger transport and freight transport will increase by 2.3 fold and 2.6 fold, respectively, compared to their values in 2015. Also, roads are among the most preferred transport modes, accounting for most motorized passenger travel and domestic freight transit. IRTMS help enhance the operational efficiency of public transit systems and also boost overall passenger safety. Moreover, they optimize the logistics capabilities and help manage numerous business needs of e-commerce service providers. These factors have contributed to the increased demand for intelligent roadways TMS.

Transportation Management Systems – A Quick Run-down on the Parent Market

Transportation management systems streamline the process of shipping. This makes managing and optimizing operations easier for businesses, whether the transit mode they use is sea, land, or air. TMS play a key role in supply chain management, impacting every part of the process—from planning & procurement to logistics & lifecycle management. Rapid industrialization and manufacturing growth are key factors that have increased their adoption worldwide.

The burgeoning e-commerce sector, due to the growing trend of online shopping, is further contributing to the escalating demand for these systems to facilitate shipping operations. In today’s world, where countries compete on a global level, it is crucial for them to have developed transport, logistics, and trade-related infrastructures. A TMS provides visibility into everyday operations, trade compliance data & requirements, and ensures the timely delivery of goods. The improving bilateral economic relations between several countries worldwide are creating growth opportunities for operating players to expand their consumer base.

IRTMS Market | Expanding Applications

Fleet management solutions leverage telematics and IoT technologies using navigational positioning. Smart technologies can reduce the operational costs of managing fleet, increase routing efficiency, and also enhance driver security. MercuryFleet by MercuryGate International Inc facilitates instant communication with drivers, and also helps track equipment in real time via control tower visibility. The fleet management market is driven by the growing demand for logistics and freight transportation. Fleet management accounted for a revenue share of $9819.39 million in the application segment in 2022.

Whereas, automated ticketing is expected to grow at a CAGR of 11.39% in the application segment over the forecasted period. Automated ticketing systems for public transport, such as buses, metros, and trains, rely on the use of smart cards and IoT technology. These systems enable hassle-free payments, save time, and eliminate other barriers associated with traditional ticketing systems. Also, recent projects in India and China for the development of IRTMS-based unified automated ticketing systems have enhanced the scope of this application. Such developments have also bolstered the Asia-Pacific intelligent roadways transportation management systems market, which is expected to grow at an 11.02% CAGR during the forecast period.

Smart Cities: Market’s Future Agenda

According to the World Bank, nearly 4.4 billion people worldwide live in cities. And by 2050, the global urban population is expected to reach more than double its current size. The concept of smart cities is gaining impetus, which will bring together technology and infrastructure. It will transform cities through infrastructure development and improve people’s quality of life by efficient public service delivery. Smart transport systems and smart city traffic management are revolutionizing the approach towards mobility and emergency response, while reducing congestion issues.

Global hubs like New York City have embraced this development. The implementation of autonomous goods transportation systems across the country has drastically improved supply chain efficiency and also reduced the need for long-haul drivers to balance tight timelines. Also, smart infrastructure development for transportation management represents growth opportunities for IRTMS providers, as various transportation agencies and car rental companies in smart cities will use these solutions to reduce traffic congestion and save time. Thus, the rising concept of smart cities is anticipated to foster the growth of the intelligent roadways transportation management systems market.

[artisticdivasworld]

Watch Your Load: Memorial Day Weekend Cargo Theft Alert

Hey there, fellow truckers. We need to have a serious talk about what’s coming up this Memorial Day weekend. If you’ve been around the block a few times, you know that holiday weekends can be a prime time for cargo thieves. But this year, the situation is even more concerning, and we need to be extra vigilant. Why This Weekend is Different First off, let’s look at the numbers. CargoNet has been…

[transhuman-priestess]

The more I read into reports about industrial and transportation accidents the less I feel like “operator error” actually exists

EDIT: if you’re wondering why you can’t reblog this it’s because you idiots kept recommending a podcast run by morons in the notes. Read a fucking book I swear to god.