The Evolution of Transport and the future of HCV Insurance by ONE
February 17, 2020
The invention of the wheel and many centuries later, the internal combustion engine, revolutionised road transport. From the 4 horse power carriages and wagons of the 19th century to the modern day works of art which criss-cross our road networks carrying goods and passengers to all corners whilst pushing out …horse power. Interestingly, James Watt created the term horsepower in the late 18th century and it refers to the power of a horse pulling 550 pounds per one foot in one second.
The exponential growth of road transport in South Africa is partly due to the demise of the railways which are no longer able to deliver cargo or passengers effectively and on time. Additionally, with the trend towards “Just in Time” logistics, reliable transport is needed and this is provided by our extensive Road Transport industry.
The driver remains one of the most important elements for safety and we encourage and support driver training initiatives along with innovations and safety features which are standard features of modern day trucks. En route management by tracking as well as real time video recordings are essential additions for today’s fleet managers to better manage driving issues such sleep deprivation, illegal carrying of passengers and cellphone usage especially texting while driving etc.
And what about the future and role of Autonomous and Electric Vehicles? Elon Musk boasts that in a tug-of-war, his electric HCV would out-muscle a diesel powered HCV to such an extent that it could out-tug while going uphill as well.
Whatever the future holds ONE will be there to provide the complete Transport Solution and cash back incentives for risk management buy-in and use of modern technology.