Avollo CMMS Blog

Transportation hubs are critical intersections where various modes of transport—air, rail, road, and sea—converge to facilitate the smooth movement of people, goods, and services.

Despite the consistently low rates experienced in 2023, numerous changes and developments demanded attention.

In 2023, the North American logistics market was valued at US$ 1.44 trillion. Projections indicate that this market will grow to US$ 1.75 trillion by 2032, with a compound annual growth rate (CAGR) of 2.2% over the forecast period of 2023-2032.

The future of public transportation is far from bleak. In fact, there are numerous opportunities for forward-thinking transit agencies and operators to innovate and thrive.

Ocean and Ports Maersk CEO Vincent Clerc has noted that the upcoming months will pose significant challenges for both carriers and businesses as the Red Sea situation extends into the third quarter of 2024.

Advancements in technology and emerging trends have significantly impacted the logistics industry in recent years, with rapid transformations continuing at a steady pace.