Shifting factors in the trucking industry — like fewer drivers, lower capacity, and rising demand — will likely result in 8-15% higher contract rates this year, according to U.S. Xpress. While this means more opportunity, it also means more paperwork. Will Chu, co-founder and CEO of Vector, a contactless pickup and delivery solution, is on a mission to simplify the logistics process by removing this physical paperwork from the supply chain. In conversation with host Tony Uphoff, Thomas CEO and President, Chu discusses the range of opportunities for innovation and how the pandemic has not only disrupted the freight industry but also created an opportunity for new technologies to transform the sector.

Watch the extended cut of this episode on YouTube: https://youtu.be/apncjMGCOfU

Resources:

Learn more about Vector’s contactless pick-up and delivery solutions:

https://www.withvector.com/

What Is a Logistics Company and Should Your Business Hire One? [Thomas Insights]

https://www.thomasnet.com/insights/what-is-a-logistics-company/

Teaming Up with the Machines: How Can Machine Learning Improve Logistics? [Thomas Insights]

https://www.thomasnet.com/insights/teaming-up-with-the-machines-how-can-machine-learning-improve-logistics/