There are many views about airlines and space stations. One view is that they are magical, romantic things that people use wherever they go. Another view is that they serve a crucial purpose and that that purpose is one of the most useful in the modern economy. Airplanes serve to traffic people around and satellites are used for logistics.
Satellites are known for their ability to orbit the earth at a steady rate, which impacts us in numerous ways. Satellites are known for their ability to communicate back to earth different parts about earth that are important. Things like the global positioning system (GPS) are covered by satellites.
Satellites perform a useful function in telling us where we are in a certain point in time. Satellites can tell us where our location is and send that information to our phones or through our mobile apps to let us know what places are near us, who is near us, if our Uber is here, what restaurants have coupons nearby, and so forth.
Satellites have helped with numerous issues that involve vehicles traveling through space. The navigational equipment used in airplanes, trains, submarines, and other vehicles is likely guided by the satellites and the messages they ping out across the world. Everyone it seems uses GPS. This can be considered aerospace logistics.
Aerospace logistics is the type of logistics that takes into account satellites. It is possible that aerospace logistics is the kind that is used by airplanes, jets, private jets, hot air balloons, and other aircraft that is difficult to detect by sight but is possible to detect through a satellite.
Aerospace logistics guides a number of industries as well. The logistics industry, which numbers likely in the hundreds of billions, commands the power of the transportation industry, which is very similar though not entirely related to the logistics industry. The transportation industry moves people, goods, and other items around the world.
The logistics industry manages that movement so that it happens in the most efficient and quick method possible. Often logistics uses sophisticated equipment to get the job completed in the transportation world. Yes, there are significant amounts of people involved in the industry, but it is likely that people are relying on software today.
One of these types of logistics and transportation mash-ups is the less than truckload shipping industry, often called LTL shipping. The LTL shipping industry simply means any load that is being transported that is less than the possible total load for the vehicle. This can mean a few parcels short on a truck or half a truck full.
In 2013, trucking transported nearly 15 billion tons of cargo. The Bureau of Labor Statistics reports that by 2040, that number is expected to increase to 18.79 billion tons. Nearly 12 million trucks, rail cars, locomotives, and vessels move goods over the transportation network.
The LTL market is estimated at approximately $35 billion. LTL shipping has grown in part because the online retail marketplace has made it so that goods are likely to be traveled in short ranges, rather than in longer ranges. A company like Amazon may need a trucker to go from a series of cities in a state, rather than on long trips.
Air travel has affected this as well.
U.S. e-commerce revenue is about $423.3 billion and is steadily climbing. Whether it’s full truckload, less-than-truckload, or parcel, carriers are being forced to adjust to changes in the retail industry.
And according to Satish Jindel, president of SJ Consulting Group, length of haul has declined. Public truckload carriers report that the average length of haul has decreased 4% between 2011 and 2016. This is significant when it comes to the length of hauling shipments. Fewer truckers are needed for long road trips. More for short road trips.
There are many terms that are related to the LTL shipping and the aerospace logistics. They include LTL freight rates, LTL freight services, LTL shipping services, LTL freight companies. They also include global aerospace logistics, industrial machinery transport, industrial machinery parts replenishment, specialty freight services, and more.
There are many options for those looking to purchase merchandise that is placed online and shipped through LTL shipping. Online retailers, including Amazon among others, are likely to be involved with LTL shipping.