How Blockchain Can Help Fix the Trucking Industry

The U.S. trucking industry generated over $676 billion in revenue in 2017, moving about 70% of the nation's entire domestic freight tonnage.

The American Trucking Association predicts that the industry will only continue to grow, with freight volume increasing about 3% annually for the next five years.

The Fr8 Board is a unique platform to help carriers eliminate empty miles.

A recent study on third-party logistics management found that while 30% of industry members and 16% of carriers see potential in blockchain applications.

Fr8 uses blockchain as an integral part of providing a more efficient freight technological platform.

Blockchain technology renders remote agreements made on the Fr8 Network trustworthy.

The trucking industry currently experiences a talent shortage, and things will only get worse as capacity needs expand.

Fr8 Network is making the industry more efficient, which means the logistics world can handle more capacity per driver.

AI trucks could supplement the existing workforce to help it handle increased capacity.

As the autonomous freight vehicle arrives, Fr8 Network plans to be among the first to offer blockchain and IoT-based solutions for manufacturers and fleet managers.