Time is of the essence for the world in which we live now. With businesses expanding with the help of technology and introducing unique ideas, the transportation sector has undergone transformations that few could have predicted years ago.
Modern transportation businesses combine a gamut of activities from dispatch of personal goods, and moving and storage services, to large-scale freight transfer operations. Entrepreneurs aiming to have a crack at this line of business have plenty of options available.
With enormous amounts of data that needs to be tracked, fleet or logistics management has always found it difficult to handle day-to-day activities without errors. In order to manage large businesses, we should be grateful that technology has been developed such that every entity in the transportation sector now benefits from it. Cutting-edge solutions that have been developed for the transportation sector include mobile apps and SaaS portals.
Some recent statistics show that
- The market for transport services is anticipated to increase at a compound annual growth rate (CAGR) of 9.9% from $6,559.71 billion in 2021 to $7,210.41 billion in 2022.
- According to the Logistics Performance Index, China is the top emerging market with an overall score of 8.9. India (7.39) and the United Arab Emirates come next (6.36). (Statista, 2021)
- Reducing logistics costs is one of the top three difficulties faced by logistics companies in last-mile delivery (35%). Delivering on time (21%) and adjusting to last-minute modifications (16%) come next. (Statista, 2020)
Let’s go through the top 5 apps for transportation business
Uber, being a giant already, has its other arm dedicated to logistics. In order to build a long-lasting logistics infrastructure for society, Uber Freight enables drivers and shippers to connect in a transparent, equitable, and sustainable manner. Both shippers and carriers benefit from its technology, increased transparency, and expanded prospects.
Over two rounds, Uber Freight has raised a total of $1.1B in investment. On November 15, 2021, they received their most recent funding from a private equity round.
Shipping big or bulky things is quick, simple, and economical with uShip. Its clear and transparent platform lets individuals, organizations, e-commerce sellers, and global logistics corporations transfer goods more quickly and effectively, including freight, cranes, vehicles, and furniture.
uShip was founded in 2004 and is headquartered in Austin, Texas. Over the course of 7 rounds, uShip has received a total of 69.7 million dollars in funding. Their most recent round of fundraising, a Series D round, was raised on February 15, 2017.
Trucker Tools is a smartphone software that uses GPS to track freight in real time. Using the Trucker Tools Routing and Fuel Optimizer, one can get truck routing with turn-by-turn directions, locations with the cheapest fuel, and truck stops along the route.
Trucker Tools was founded in 2009 and has raised a total of 8.5 million dollars over four rounds of fundraising.
Gomotive (Formerly Keeptruckin)
Gomotive focuses on enhancing the productivity and security of the companies that propel our economy forward. Its cloud-connected IoT data platform links cars, machinery, and facilities, and their AI-powered applications automate tracking and telemetry, driver safety, compliance, maintenance, expenditure management, and many other tasks.
Go Motive, a 2013 startup, has raised $567.3M in funding across 9 rounds since its founding. Their most recent round of fundraising, a Series F round, was raised on May 25, 2022.
Trucker Path is America’s fastest-growing trucking industry portal, offering navigational aid and freight matching. The Trucker Path app is a trip planning companion for truck drivers, allowing a vast community of drivers to help update the real-time status of destinations on their routes. It is regarded as America’s most popular app for truckers.
Since its founding in 2013, Trucker Path has raised a total of $51.1 million through 3 rounds of investment. Trucker Path offers an app for both iOS and Android.
Planning To Launch A Transportation Company?
You are in the right place!
Appscrip has the essential expertise in developing apps for clients all over the world, as well as in developing an efficient and highly functioning transportation mobile app with fleet management system, logistics management, ride-hailing, and other transportation-related modules.
Contact Appscrip today for a customized transportation app development solution.