Role of trucking logistics for efficient sourcing in mining industry

Application of trucking logistics helps yield promising and credible results to trucking operations by improving revenues and operational efficiency. The aim of devising trucking logistics set up is to mainly aid in improving research and management systems that would further result in long-term efficiency. Applying trucking logistics and introducing additional data analytics in this field helps in smoothening of freight transportation, business profitability, and improved customer services. Benefits of truck logistics ensure increased business productivity and efficiency of services.

Importance of trucking logistics:

Proper management and planning include factors like identifying optimal fuel types for the fleet, finding the shortest transportation route that optimizes on the travel budget, fuel expenses, potential blockages, and policy regulations. Taking all of these into account will make sure your freight transportation is best suited to carry goods and products at the right time with precision and planning. Truck logistics also help in identifying the nature of trucking services that are suited for a particular type of good.

For instance, different trucks should be employed for carrying goods with short shelf-life, fragile goods, and goods that need delivery in an emergency time format. Establishing a structured and internet-empowered line of communication between the driver and their handlers is also a means to make the process of transportation of the mining goods more efficient and timelier.

Overview of transportation employed in the mining industry:

The mining industry faces challenges in the sphere of logistics. For instance, movement of copper, silver, iron, and of other products that have been obtained post-mining from remote mining sites to the laboratories and power plants. Transportation of combustive, heavy, and chemically short-lived minerals is prone to add complications and damage to the transportation vehicle as well as even to humans on the route it takes. This problem is exclusive to the mining industry and falls in the ambit of supply chain mechanisms of the freight industry.

Using the least expensive cargo that is also the most efficient and less time-consuming at the same time ensures insulation of the goods being transported and is what the mining companies are looking for.

Working with a third-party logistics provider that specializes in industry shipments can help cut down on 12% of the costs as well as manage transportation insurance and its supply chain tracking.

The confluence of trucking logistics technology and the mining industry:

An efficient transportation service attracts a number of satisfied clients. Hence, employing tracking software to boost truck transportation will help industries achieve this task swiftly. Having comprehensive data on trucking logistics can equip companies to define software that is able to address the unique needs and demands of the mining industry. This will help investors understand and analyze business operations and make a well-informed decision pertaining to the trucking services to be used.

Technologies such as the Internet of Things, Radio Frequency Identification, Autonomous trucks, and Drones, enhanced GPS accuracy as well as even applying social media micromanagement have a great impact on trucking logistics. Decisions and choices made on the bases of logistics provided through a combination of these technologies aid in the acquiring safe and fast transportation of sourcing in the mining industry.

Autonomous driving trucks

Opportunities of driverless trucking are on a rise and the industry is foreseeing an optimistic development in autonomous driving. The challenge, however, is to ideate an efficient application of this technology in the mining sector on a fairly large scale. Miners on a large scale in America adopting Autonomous Trucking services and are improving productivity and safety.

IoT

Although IoT is not an invention, it is relatively rare to find applications in trucking logistics that help the mining industry gain precise and in-track information of the transportation. IoT applications translate into the development of sensors, Wi-Fi regulated GPS systems, and even real-time updates of weight, leakage, and corrosion of minerals & apparatus getting transported from one place to another. These sensors and other digital tools aid in storing data that can be analyzed to reap inferences that in turn, will help supply chain personnel in gaining insights into hidden risks and knowledge.

The American logistics and transportation industry totals to be $1.4 trillion, which is 7.5% of the country’s GDP. Highly integrated supply chain network links are connecting the producers and consumers through various modes of transportation including delivery services, freight trail, maritime transport, and trucks. As per the American Trucking Association, trucking revenues are more than $738 billion and are expected to increase after the rampant use of their services in the mining industry using logistics.