The Future of Semi-Trucks and the Impact on Trucking Industry

Trucks are an integral part of our daily lives, moving virtually everything we come into contact with. From the food on our plates to the electronics in our homes, trucks play a crucial role in the supply chain. With the rise of autonomous and platooning technology and changing safety standards, the future of the trucking industry looks promising.

Promising Future for the Trucking Industry

The trucking industry is experiencing constant growth, driven by increasing profit margins and higher demand. Multiple factors contribute to this growth, including the establishment of new industries and the increasing rate of manufacturing. As more goods are produced, the need for their transportation increases.
Furthermore, trucking companies are enhancing their services, such as providing live tracking for loads, which is a significant trust factor among clients. This transparency ensures that clients can monitor the status of their shipments in real-time, reducing the risk of theft and other issues.

Technological Advancements in the Trucking Industry

The future of semi-trucks looks exciting, but it also brings challenges. In the short term, the trucking industry in North America is facing challenges in changing technology and legislative regulations. For example, the concept of platooning—where multiple trucks follow each other in a tight formation—has been developed, but it faces significant legal and practical challenges. Similarly, autonomous vehicle operation, while promising, is also facing regulatory hurdles.

In the medium term, the primary fuel for trucking is set to change. Several companies, including Tesla, Nikola, and Cummins, are working on bringing battery-powered heavy-duty trucks to market. This development aligns with global efforts to combat climate change, with several mayors in major cities aiming to stop all diesel-powered deliveries by 2025. Additionally, companies like Nikola and Toyota are exploring hydrogen power and the necessary infrastructure. These efforts, combined with the existing natural gas options like CNG, LNG, and LP, indicate a shift away from traditional diesel power.

Long-term Implications for the Trucking Industry

Looking further into the future, the globalization of the trucking industry is also a significant factor. The trucking industry in North America is currently split between 12-volt conventional style trucks and the 24-volt cab-over style trucks used in most of the rest of the world. As global OEMs operate on a worldwide basis, it is likely that these traditional distinctions will blur. Harmonization of emissions and braking standards around the world could also bring changes to the industry.

Conclusion

While the future of semi-trucks is bright, it is important to remember that business is never risk-free. The trucking industry must navigate technological and regulatory changes, while also adapting to a changing market and consumer demands. As the industry evolves, it will continue to play a vital role in moving goods and supporting the economy.