The Financial Post reports “escalating fuel prices, shrinking margins, and increasingly stringent legislative demands” make innovation essential for the transportation industry. The shift to telematics data via the internet for example – on-board computers to optimize resources – is already resulting in major cost savings in the trucking sector.
What’s next? Prognostics – “when all critical systems in trucks can interact with an e-platform and pass information to a fleet hub. Data will tell fleet managers at what point an engine will break down, a transmission will overheat or a battery will need to be changed. With today’s razor-thin margins, enabling early detection and avoiding downtime is becoming very important in the transportation industry.”