Future Of Truck Booking In India

With a lot of transporters embracing smartphones, the road ahead for online truck booking in India is smooth and long. The freight trucks have a constant role to play in contributing towards the economy. Due to e-trucking business, India is witnessing an expeditious growth in the automobile sector. In the recent past, the need for freight haulers, haulage companies, and transport aggregators has hit a high spot and is bound to grow even higher in the coming years.
The online truck booking platform allows both truck owners as well as truck seekers to connect swiftly with each other. The hired truck can not only be monitored online but also the truck drivers stay on the right path, with the help of navigation. Apart from that, the fastest route, new additions to the road is provided real-time within the app, making it trouble-free for the drivers to travel across Indian roads that measure about 5,532,482 km.
Sharing economy and trucking sector
As sharing economy holds a dominant position in the modern economy, it is important to envisage how sharing economy is going to affect the trucking sector in the long run. Trip in is leveraging modern technology in the truck booking process, making it more efficient and breaking the traditional system of working in the logistics sector. According to a report, freight traffic share towards India’s GDP by road is over 55% compared to the rail in the year 2012 and is expected to take a leap of about 5-7% by 2017.
Price regulation
With more and more affiliations with truck owners, drivers and an increasing demand for trucks and growing truck aggregators in the market, prices are sure to be regulated in the coming years, in order to protect the interest of both the parties. App-based online truck hiring will bring in transparency and act as an optimal tool in finalizing the right freight charges.
Currently, India spends around 14% of the GDP on various costs incurred in transportation which is high compared to countries around the globe. With the use of modern technology, the operational transportation costs are expected to reduce significantly.
Impact of booming e-commerce sector
As the e-commerce businesses and their prompt delivery promises are taking the centre stage, the need for efficient and all-nation wide availability of trucks is a requisite. According to a research, freight forwarding market is estimated to grow at CAGR of 12% by 2020. Trip In aims at making the process of finding the right truck on-demand, simpler with a user-friendly interface. In the coming years, this industry will be unlocking the underutilized capacity and truck aggregators will make sure that the trucking industry touches new highs. Needless to say, with the swift availability of trucks and lesser idle vehicle time, transporters and fleet owners both will be content.
GPS based tracking
Automated navigation ensures that the truck drivers are following the right path and evokes a sense of security amongst the transporters. The transporters can seamlessly track the real-time movements of the truck through the GPS-based mobile application. This is one of the main advantages of the online truck booking service.
Reduced back-hauls costs
As truck aggregators step in, reduced back-hauls costs is one of the many key benefits of inculcating modern technology into traditional trucking system. As more and more fleet owners adopt online truck booking services, their return-hauls costs is sure to decrease owing to the online app that allows the trucks to find loads around their location. This will not only decrease the transportation cost but also generate extra income for fleet owners. Additionally, this will reduce a vehicle’s idle time.
Secured payments
The traditional mode of payment in the industry is unregulated and prolonged. With incorporating technology in the sector, payments have become secured and also simpler. Faster, secured, transparent payments are just around the corner as a result of app-based online trucking system.
How GST will impact logistics
GST is going to have a huge impact on the logistics sector. Currently, all states within the country tax goods that are transported across borders at different rates. The state authorities examine the goods and levy appropriate duty on the freight causing delay in deliveries. As a result of this, a lot of transportation is lost in the transit. As higher than optimal time is consumed per transportation, logistics costs incurred in India 2 to 3 times compared to the global benchmarks, according to the World Bank.
With the introduction of GST from 1st April 2017, national level taxation will result in more competent and efficient cross-state transportation, lesser paperwork for transporters, thereby reducing the logistics costs. Not just costs, it will also save a lot of transportation time.
As transporters are resorting to digital space to book trucks, the scope of online truck booking in India is broad. The revolution in the industry has been brought by truck aggregators who are providing reliable online truck booking services to transporters.

A great initiative by https://www.tripin.co.in/ they provide the service of booking trucks online at a great price.

Article Source: http://www.thearticlesbase.com/future-of-truck-booking-in-india/

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