Emerging technology has continued to disrupt nearly every industry, and the transportation sector is no exception. Fleet managers expect major changes in the year ahead, as more than half (52%) state that new technology poses the biggest challenge for their fleet in the upcoming year, according to a survey released by TD Bank, from the NAFA Fleet Management Association 2019 Institute and Expo.
“The transportation industry is on the brink of a major transformation,” said Anthony Sasso, Head of TD Equipment Finance at TD Bank. “Traditionally, the industry has been defined by trucks and infrastructure, but the use of mobile devices, GPS, and electronics have revolutionized logistics. To stay competitive, fleet managers need the capital or funding to upgrade and acquire modern equipment.”
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