The IT revolution: How artificial intelligence is transforming the logistics industry

The industry is worth billions (circa 60bn in 2013) and around 150,000 VAT registered UK companies are dependent on road transport to trade effectively. As transport costs are typically between 3-10 per cent of a company's turnover, they are an important factor for both individual organisations and the economy as a whole. One of the long held aims of the industry has been to reduce the number of freight vehicles on the road. As such a significant part of the GDP in both the UK and the rest of Europe, the prospect of being able to remove 30-40 per cent of freight vehicles from the roads has massive environmental and economic implications for all of us. So what is the best way of achieving this ambitious target?