Find stats on top websites
Industry Landscape
The trucking and logistics software industry is experiencing rapid growth, driven by the increasing need for efficiency, optimization, and data-driven decision-making. AI and machine learning are becoming crucial for managing complex operations, forecasting demand, and improving profitability. Digital transformation is key to staying competitive, with a focus on integrating disparate systems and automating processes.
Total Assets Under Management (AUM)
Trucking industry revenue in United States
~Approximately $875.5 billion (2023)
(3.3% CAGR)
- Growth primarily driven by e-commerce expansion.
- Increased demand for freight transportation.
- Ongoing supply chain optimization efforts.
Total Addressable Market
1.3 trillion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Generative AI
Generative AI, especially Large Language Models, will automate complex planning, optimize communication workflows, and create dynamic routing scenarios beyond current capabilities.
Digital Twins
Digital Twins will create virtual replicas of entire trucking networks, allowing for real-time simulation, predictive maintenance, and optimized resource allocation with unprecedented accuracy.
Edge Computing for IoT
Edge computing will process vast amounts of IoT data directly on trucks and in logistics hubs, enabling faster decision-making for real-time routing adjustments and preventative maintenance.
Impactful Policy Frameworks
FMCSA HOS Rule Changes (2020)
The Federal Motor Carrier Safety Administration (FMCSA) revised its Hours of Service (HOS) regulations in 2020, offering greater flexibility for drivers with changes to the 30-minute break rule, sleeper berth provision, and adverse driving conditions exception.
These changes allow carriers more flexibility in driver scheduling, potentially impacting routing efficiency and the need for dynamic optimization tools.
Infrastructure Investment and Jobs Act (IIJA) (2021)
The Infrastructure Investment and Jobs Act (IIJA), signed into law in 2021, allocates significant federal funding for infrastructure projects, including roads, bridges, and ports, impacting the physical network for trucking.
Improved infrastructure can reduce transit times and operational wear, necessitating updated route optimization and planning capabilities for carriers.
California Air Resources Board (CARB) Advanced Clean Fleets Regulation (2022/2023)
CARB's Advanced Clean Fleets (ACF) regulation, approved in 2022 and effective 2023, mandates a phased transition to zero-emission trucks for drayage trucks and large fleets operating in California.
This regulation creates a significant need for fleets to manage electric vehicle charging, range optimization, and new asset deployment strategies within their logistics software.
Transform Your Ideas into Action in Minutes with WaxWing
Sign up now and unleash the power of AI for your business growth
