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The Future State of the Transportation Industry & What it Means for Fleet Management

Posted by Union Leasing on October 26, 2018

Untitled design (8)By now, it has become widely known that the transportation and mobility industry will face various changes in the future due to the integration of Artificial Intelligence (AI), which is already playing a critical role in changing the industry’s landscape. As a fleet management company, this is a very interesting space for us to keep a close eye on—from the optimization of self-driving technology, to self-organizing fleets of vehicles and smart cities, these changes will foreseeably influence the industry.

That said, there’re more than just self-driving cars when it comes to the trends that will eventually alter the transportation space. We came across an interesting article, titled “The Future of Transportation is Straight Out of Science Fiction” that highlights some very cool technologies that will play a key role in molding the very nature of the transportation and mobility industry—and eventually, our Fleet Management industry as well.

Below is a quick recap of the five upcoming, underdeveloped, transportation means highlighted throughout the article—and what we think these may mean for the fleet management industry down the road:

“It is unclear exactly how the transportation industry will shift over the coming decades, but one thing is for sure, the way we get around is about to change.”

Hyper loops: The concept, which was developed by Elon Musk (Hyperloop One) intends to send passengers through a frictionless tube to travel above or below ground at 700 mph. While this will not directly affect the Fleet Management industry, it will be interesting to see if hyper loops will potentially allow companies to get things done faster. Face-to-face meetings, for instance, can happen faster because it will take less time to get to the customer.

Flying taxis: Today, companies like Google, Uber, and German-based Volocopter are already investing in flying taxi prototypes—making the reality of everyday air travel potentially available sooner rather than later. For instance, Uber’s aerial taxi project, Elevate, is hoping to have flying taxis in Los Angeles by the year 2020. Again, this may not directly affect our industry but it will surely alter our perception of the transportation industry and the endless possibilities that come with it. 

Drone deliveries: Most of us have probably heard about the idea that, in the future, packages might be delivered to people by drones. This will seemingly impact the Fleet Management industry. Think of companies in the delivery business, for instance, running thousands of fleets to deliver packages to customers on time. The idea of drone deliveries making this process faster and more efficient is definitely appealing, particularly when it comes to cutting back costs for companies that will otherwise be spent on both vehicles and labor.

Driverless cars: Big automakers like Ford plan to have fully autonomous vehicles in operation by 2021. In a previous blog post, we discussed the future of self-driving cars, and how AI-driven management systems will help keep people safer on the road. The Fleet Management industry will eventually be shaped by self driving cars, which will help meet customer demands—along with the technology of car makers who will maintain fleets of self-driving vehicles.

Personal space travel: Companies like SpaceX, Virgin Galactic, Boeing, and Blue Origin are working towards building spaceships that will bring tourists and astronauts to the stars. While this may not directly influence Fleet Management, again – it does impact the transportation industry as a whole and what we think we can or cannot achieve.

Overall, these breakthroughs in technology mean big things for the transportation industry and, as Fleet Management partners, it’s important for us to keep a close eye on such changes so that we can better service our customers.  

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