Make money doing the work you believe in
I recently came across a fascinating and insightful article by McKinsey about macro-trends in the trucking industry. Here are my key takeaways:
Market Growth: The autonomous truck market could reach more than $600 billion globally by 2035, with China accounting for $327 billion, the US for $178 billion, and the EU for $112 billion.
Addressing Key Challenges: Autonomous trucks are positioned to tackle critical industry challenges, including driver shortages and rising transportation costs.
Key Use Cases: Initially, autonomous trucks are expected to focus on hub-to-hub routes, with future advancements enabling more complex operations like distribution center-to-distribution center transportation.
Cost Savings: The potential reduction in Total Cost of Ownership (TCO) is significant—up to 42% for long distances (1,500–2,000 miles) and around 13% for shorter hauls (100–250 miles). (Remember to multiply miles by 1.6 to convert to kilometers!)
New Business Models: The rise of autonomous trucking will also spur the development of new business models such as Driver-as-a-Service (DaaS) and Capacity-as-a-Service (CaaS).
Happy reading!
