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  1. Aswanth Usha Bhargavan TITLE OF THE PRESENTATION Business terminology and communication in English 1 Academic year 2022/2023
  2. THE FUTURE OF FREIGHT AND TRANSPORTATION • Transportation is bringing cutting edge technology to our roads, seas, and skies. • The way and speed at which we transport goods continues to evolve. • Along with these tech innovations come ethical questions and concerns over autonomous systems replacing human workers • After all, what will happen to cargo workers when autonomous cargo ships eliminate the need for crew members to be on board during transit • Driverless cars and trucks will impact truck drivers, with one study estimating that as many as 294,000 driving positions could be eliminated over the next 25 years.
  3. DESPITE THESE CONCERNS, THE FUTURE OF TRANSPORTATION TECHNOLOGY IS INEVITABLE. LET’S TAKE A LOOK AT SOME CHANGES COMING TO THE FUTURE OF FREIGHT AND CARGO TRANSPORTATION Maglev Trains 1 High-speed trains that operate using magnetic levitation from powerful electromagnets are already operating in Asia, 2 and the first maglev train in the U.S. could be operating for public use as early as this year. 3 In addition to being safer and timelier than traditional trains, they also encounter less delays due to weather and mechanics. 4 While the future of maglev for public use is almost a certainty, it’s impact on freight is less clear. 5 Logistically and economically, it’s a nightmare for cities to completely rebuild their railway system 6 , so many have opted instead to update their current lines rather than adapt for maglev.
  4. DELIVERY DRONES 1. The Federal Aviation Administration (FAA) recently issued guidelines and certifications for Unmanned Aircraft Systems (UAS) that include commercial operators of drone up to 55 lbs. 2. They also recently approved UPS drone delivery for prescription medications, which signals that the FAA is finally warming up to the idea of full-scale commercial drone deliveries. 3. Drone technology is already proven to work effectively, but it does pose privacy and safety risks. 4. Long-term reliability will need to be proven before the FAA makes these flying robots “type certified” for widespread use. 5. If and when they do become “type certified”, the technology should reduce road congestion and traffic fatalities by taking delivery drivers off the road.
  5. DRIVERLESS CARS AND TRUCKS 1. Autonomous vehicles also promise to make our roads safer using artificial intelligence, telematics and robotic technology 2. This technology is advancing rapidly, and is just a few regulatory steps away from becoming mainstream. 3. Tesla, Audi, Uber, and Volkswagen’s driverless technologies are already making headlines (both good and bad) on the road. 4. Driverless trucks are a controversial topic in the freight industry today. The US trucking industry accounts for more than 5% of a full time jobs in the U.S. Walmart alone employs more than 8,600 truck drivers. 5. Because autonomous trucks could replace human drivers with robotic technology, these driverless delivery trucks will likely eliminate thousands of U.S. jobs. 6. However, many experts don’t think autonomous trucks will be in widespread use due to concerns over insurance and liability.
  6. TUNNELS 1. Elon Musk’s The Boring Company hopes to reduce traffic congestion using a series of underground tunnels in cities across the U.S. and the world. 2. The technology wants to make roads 3D and weather-proof by lowering cars underground on a metal trolley-like platform and sending them at high speeds to other destinations. 3. While the company believes it can do this cost- effectively, there are some big questions concerning infrastructure and logistics that need to be resolved. 4.If these tunnels, currently being prototyped in L.A., do become a reality, it could mean more efficient logistics and deliveries in high density and congested areas.
  7. HYPERLOOP 1. Another transportation concept from visionary Elon Musk is the Hyperloop. 2. This transportation tube could run freight through a depressurized tube at speeds of 600 mph or more 3. Some freight industry experts believe it could be faster and cheaper than air transport, which is why DP World Cargo speed is investing big in the technology and hopes to have it in operation in 2021.
  8. SMART ROADS 1. Cars, trucks, and trains aren’t the only thing getting smarter: so are our roadways. 2. Smart roads hope to improve the safety of road travel by using highways studded with sensors to alert drivers of a crash nearby. 3. It would also communicate weather occurrences and delays in real time. 4. Smart roads could improve the safety of drivers and cargo, as more than 70% of all goods are transported via truck in the U.S. 5. They could also help optimize transportation routes as roads relay information to vehicles about congestion, delays and accidents. This will help speed up deliveries and cut transportation costs.
  9. AUTONOMOUS SHIPS 1. Did you know that between 75% and 96% of maritime accidents are caused by human error 2. Autonomous ships hope to reduce those accidents while increasing efficiency and delivery speed in our waterways. It will also reduce eliminate crew-related costs. 3. As with driverless car, truck, and drone delivery technology, human jobs in these fields are threatened with the introduction of this autonomous technology. 4. Before autonomous ships become a mainstream reality, international laws will need to be reevaluated to ensure safety and update regulations to accommodate autonomous operations. 5. The current lack of research will likely delay the widespread adoption of autonomous ships, so driverless cars will likely be the first mode of transportation to go autonomous. 6. These technologies promise to improve safety on land, in the air and on water, while providing more efficient and eco-friendly alternatives to traditional transportation.
  10. INCREASED USE OF DATA ANALYTICS 1. The use of data analytics will enable shippers to optimize their supply chains, reduce costs, and improve efficiency 2. This could involve using sensors to monitor cargo and track shipments in real-time, as well as using predictive analytics to anticipate potential disruptions and adjust routes accordingly.
  11. SHIFT TOWARDS INTERMODAL TRANSPORTATION 1. Intermodal transportation involves the use of multiple modes of transportation, such as trains, trucks, and ships, to transport goods. 2. This approach can be more cost-effective and environmentally friendly than traditional point- to-point transportation.
  12. GREEN LOGISTICS • There is a growing focus on reducing the carbon footprint of the logistics industry. This could involve using renewable energy sources, such as solar and wind power, to power transportation infrastructure, as well as implementing more sustainable packaging and shipping methods.
  13. THE FUTURE OF FREIGHT TRANSPORTATION IS CRUCIALLY IMPORTANT FOR SEVERAL REASONS Economic Growth • Freight transportation is a key driver of economic growth. • It ensures the timely and efficient movement of goods and raw materials between manufacturers, suppliers, and consumers. • The future of freight transportation is critical to support economic development and competitiveness.
  14. SUSTAINABILITY • The future of freight transportation needs to be sustainable. • The transportation of goods is a significant contributor to greenhouse gas emissions and air pollution. • The development of clean and efficient transportation technologies, such as electric vehicles and alternative fuels, is essential to reducing the environmental impact of freight transportation.
  15. GLOBAL TRADE • The future of freight transportation will play a critical role in facilitating global trade. • As the world becomes more interconnected, the demand for efficient and reliable freight transportation will continue to grow.
  16. SUPPLY CHAIN RESILIENCE • The future of freight transportation needs to be resilient to disruptions. • Natural disasters, pandemics, and other events can cause disruptions to global supply chains. • The development of flexible and adaptable transportation networks is essential to ensuring that goods can be delivered in a timely and efficient manner.
  17. INNOVATION • The future of freight transportation presents an opportunity for innovation. • New technologies, such as automation, artificial intelligence, and blockchain, have the potential to transform the way goods are transported, tracked, and delivered. • The development of these technologies will require collaboration between industry, academia, and government.
  18. POTENTIAL CHANGES THAT COULD TAKE PLACE AFTER IMPLEMENTING FUTURE FREIGHT TRANSPORTATION Increased efficiency • Future freight transportation could be designed to be more efficient, with advanced technologies such as autonomous vehicles, electric or hydrogen-powered trucks, and streamlined supply chains. • This could result in faster delivery times, reduced fuel consumption, and lower costs for businesses.
  19. REDUCED ENVIRONMENTAL IMPACT • With the shift towards cleaner energy sources, future freight transportation could have a significantly reduced environmental impact. • Electric or hydrogen-powered trucks produce zero emissions, which could help reduce air pollution and carbon emissions. • Additionally, optimized supply chains could lead to less waste and improved recycling practices.
  20. INCREASED SAFETY • Autonomous vehicles and other advanced technologies could improve safety on the roads by reducing the risk of accidents caused by human error. • This could lead to fewer injuries and fatalities, as well as reduced insurance costs for businesses.
  21. SHIFTS IN JOB MARKET • The implementation of advanced technologies in freight transportation could also lead to shifts in the job market. • For example, some traditional truck driving jobs could be replaced by autonomous vehicles or other forms of automation. • However, new jobs could also be created in areas such as data analysis, supply chain optimization, and technology maintenance.
  22. IMPROVED CUSTOMER EXPERIENCE • Future freight transportation could also lead to improved customer experiences. • With faster delivery times and more accurate tracking information, businesses could better meet customer demands and provide more personalized service.
  23. CONCLUSION In this presentation I have tried my best level of knowledge to explain the concept of future freight transportation. Overall, the implementation of future freight transportation has the potential to bring about significant changes in the transportation industry and beyond.. Overall, the importance of future freight transportation cannot be overstated. It is essential for 1 economic growth 2 sustainability 3 global trade 4 supply chain resilience 5 innovation
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