If you’re a business owner, you understand the importance of the supply chain. Getting your dropshipping business off the ground will be impossible if raw materials don’t reach your supplier, or your supplier can’t ship orders to your customers. According to American Trucking Associations (ATA), 33.8 million trucks are currently on the road delivering your products. In fact, they move 71 percent of the nation’s freight tonnage, generating $700 billion in revenue.
The supply chain on which your business depends, however, has many weak links, one of which is technology. Techcrunch reports “the entire industry is run on archaic 15+ year old software, almost no data is captured, and none of the software systems can communicate with each other…67 percent of shippers don’t use any software at all (they still rely on paper records).” Fortunately, a platform called Fr8 Network offers an innovative approach to improve the organization, efficiency, and accountability of an entire industry.
As Fr8 Network’s white paper describes, the freight industry has undergone many changes throughout its history. When trains were the vehicle of choice, their routes were fixed, and their departures and arrivals were scheduled in advance. The construction of interstate highways, however, allowed freight to travel off the rails.
While the highway system allowed more freedom and flexibility than the railroad, the logistics of tracking shipments carried in individual trucks all over the country became more complicated. Because many more trucks than trains were required to carry the same amount of freight, the industry …