Shell and Frost & Sullivan has published new research revealing that global road freight revenues are expected to grow by an average of 4.3% annually from 2020 to 2025. The whitepaper, Navigating Roadblocks in the Long-Haul Road Freight Industry, sheds light on the status of the commercial road freight industry, as the world responds to the COVID-19 pandemic.

The whitepaper examines key developments within the industry, from how digitalisation is advancing a new generation of fleet management solutions, to the role sustainable practices and decarbonisation strategies will play in futureproofing operations. It offers valuable insights to fleet professionals, helping them to better position themselves for the future. Alongside developments that are driving growth, Frost & Sullivan also identifies the top challenges faced by the road freight industry today:

“Achieving an interconnected and more sustainable future requires collaboration with customers, partners and stakeholders. At Shell Fleet Solutions, we are committed to helping customers navigate shifts in the industry, by providing digital fleet management tools like Shell Telematics, streamlining tolling payments in Europe and increasing access to low emissions fuels, like LNG, BioLNG, hydrogen fuel cell and battery electric vehicles. These offers are designed to help fleets optimise their total cost of ownership (TCO) and improve security and convenience across operations with on the road services, while advancing sustainability goals,” said Patrick Carré, Vice President of Commercial Road Transport at Shell.

While the pandemic has intensified the challenges faced by the industry, it has also embedded enhanced digitalisation and flexibility into companies around the world, which Frost & Sullivan indicates will make businesses more resilient and better equipped to tackle the pre-existing issues threatening the industry and profitability.

Frost & Sullivan also highlight that the road freight industry is seeing greater adoption of digitalisation, alternative fuels and supporting technologies, ultimately improving efficiencies and the way business is conducted.

“The past year has proven how flexible and adaptable industries must be, not just to continue operations, but to survive. By embracing more digital solutions and services like telematics, contactless payment, prognostics and digital brokerage, fleets are better equipped to face the fallout from COVID-19, which continues to unfold day by day, and to tackle the new world we find ourselves living and working in,” added Franck Leveque, Partner & Global Client Leader, Mobility Practice at Frost & Sullivan.

As the global road freight industry regains its footing following a tumultuous year, research indicates the shift towards digitalisation and acceleration of industry decarbonisation will play a pivotal role in reaching industry-wide sustainability goals, while increasing efficiency and helping fleets to remain profitable.