Technology is playing an increasingly important role in transforming the highly fragmented automotive logistics sector and solving key pain points for businesses that need to move vehicles around.
The potential for driving automation and new efficiencies in vehicle transport while simultaneously improving the experience for both shippers and carriers has logistics operators and venture backers investing to expand and develop new capabilities. That potential has spurred multiple startups to enter the space in recent years.
With new players and expanding capabilities, a once-staid segment of the auto industry is now a dynamic and competitive landscape. And there’s more upside to come. As technology helps maximize loads and reduce the distance trucks travel without vehicles on board, increased digitization and automation is expected to significantly lower the costs of automotive transport and distribution.