How 2024 is the best year for truck transport vendors and drivers
The Indian logistics industry is estimated to be valued at over $200 billion. The trucking segment is a huge component of this booming logistics and transportation landscape. It is also a highly disorganized sector, riddled with inequities and challenges surrounding pricing systems, load procurements, driver welfare, and more.
To shed more context: Over 20 million trucks of different types and sizes operate in the country; 80% of these are owned by small fleet owners (with a fleet size of 1-5 vehicles) who frequently rely on private networks of agents and brokers to keep business going. The closeted and tight-gatekeeping hierarchical business model means truckers are habitually exploited and don’t often get their due. Furthermore, most of these truckers belong to Tier II and Tier III cities (and hence struggle with technology adoption in this arena), operate in a disconnected/chaotic manner, and frequently end up underutilizing their vehicles’ actual load capacity. With a utilization rate of 20%, it’s no better in urban areas either. Ultimately, trucks end up running on the roads for barely 16-20 days a month, incurring heavy losses of time, resources, and productivity.
Enter tech-first logistics platforms like TrucksUp and trucking is now lush green with infinite possibilities. With digitization leading this new-age logistics revolution, TrucksUp is proud to be pioneering this powerful shift!
Here are a few key ways our trucking platform can make 2024 (and onwards) count for you:
· Empty runs: Remember that haunting image of a truck barrelling down an empty highway? With TrucksUp, you can say goodbye to dead mileage…for good. Like seasoned navigators, our AI algorithms will predict the best loads for your vehicle, so you can fully maximize its load capacity and keep the income flowing.
· Return load scarcity: If you’re a small fleet owner and tired of waiting in line to crack the “load code”, you no longer have to do that. Using our digital load-finding app, you can now access a diverse range of reverse loads, perfectly matched to your specific route. Less hassle, more earnings!
· Fair pricing: Tired of middlemen eating away at your income? That’s a thing of the past now. Our advanced data-driven systems ensure saarthis and fleet owners get real-time information about load rates. Empowered every step of the way – on the road and off it.
· Transparency: Truckers and vendors can quickly see the contract terms before booking a load. This helps foster transparency and trust between all the stakeholders, doing away with any potential disputes and/or exploitation of saarthis.
· Quick and safe payments: Tailored online payment options ensure quick and safe payments for truckers and vendors at all stages of the shipment process (right from the warehouse to the destination).
2024 can rightfully be regarded as a new dawn in the logistics space. As a trucker, you only need to recognize the boundless economic potential of a platform like TrucksUp and take the first step. Today.