Digitalization and greening are not only important themes for global development, but also important measures for China to build a modern industrial system and accelerate the green transformation of its development mode. "New technologies and new forms of business such as digital economy and artificial intelligence have become a strong technical support for economic and social development. It is necessary to vigorously develop smart transportation and smart logistics, and promote the deep integration of new technologies such as big data, the Internet, artificial intelligence, and blockchain with the transportation industry, so that people can enjoy their travel and things flow smoothly. This fully reflects the importance of the party and the state to smart logistics, and points out the direction for the high-quality and sustainable development of the transportation industry.
Smart logistics has significant advantages such as strong connectivity, wide integration, low economic cost, high operation efficiency and good ecological benefits, representing the development direction of the modern logistics industry. As a digital freight platform with independent intellectual property rights, Full Truck Group (hereinafter referred to as "Full Truck") has always adhered to the mission and responsibility of "making logistics smarter", and is committed to helping the traditional logistics industry reduce costs, increase efficiency and improve quality by continuously improving the level of digitalization, and contribute to the development of the national economy.
Digitalization is the driving force for the high-quality development of the industry.
Digitalization makes the industry smarter and more efficient. According to the "China Digital Freight Logistics Development Report" released by the China Federation of Logistics and Purchasing, in recent years, with the strong support of China's policies, the scale of the domestic digital freight market has grown rapidly, and digital technology has achieved significant results in improving the traditional freight industry and promoting the logistics industry to reduce costs, increase efficiency and improve quality. In 2022, the scale of China's road freight market will be about 5 trillion yuan. Among them, the overall market size of digital freight is about 700 billion yuan, and the market penetration rate is about 15%. The road freight market is large, but the supply of capacity is highly dispersed, and the efficiency and informatization are not satisfactory. More than half of the trucks in the market are controlled by small and medium-sized freight operators. Under the traditional model, the demand for temporary vehicles relies on offline acquaintances, information intermediaries, logistics park information departments, etc., to meet, facing problems such as unstable capacity supply, poor service quality, high cost, and many disputes, and cannot adapt to the requirements of the industrial chain for safety, timeliness, controllability, and convenience. With the rapid development of technologies such as mobile Internet, big data and artificial intelligence, digital freight platforms have emerged and gradually developed into a new type of infrastructure for the economic and social circulation system. A digital freight platform is a typical two-end platform, with one end serving cargo owners and the other serving drivers. To a large extent, the platform solves the problem of "difficult to find a car and expensive to use" in the real economy of agricultural, manufacturing and commercial circulation enterprises, especially small and medium-sized enterprises, under the traditional freight supply and demand matching model. Taking the Full Truck as an example, the current Full Gang platform has built a transportation network covering more than 300 cities and 100,000 lines across the country27 days reduced to 0In 42 days, the fastest can match the right capacity in just a few minutes. By eliminating the cost of subcontracting by multi-layer middlemen, the transportation cost of the majority of small, medium and micro enterprises can be effectively reduced. At the same time, through the platform matching, it is convenient for drivers to take more orders, drive less empty, and enjoy discounts such as refueling and ETC (electronic toll collection) passing, which has a significant effect of increasing revenue and reducing expenditure.
Digitalization has made the industry more standardized and healthy. Due to the scattered structure of traditional road freight, it is difficult to govern the industry. Digitalization helps industry governance to be "visible and doable", realizing the ideal vision of technology making the industry better. Since 2016, the Ministry of Transport has launched a pilot project of "car-free carriers", which has been upgraded to a pilot project of "network freight". As the first batch of pilot units, the Full Truck has effectively improved the safety and compliance level of the industry through the innovation of management mode and the upgrading of technical means, integrating social transportation capacity, and coordinating the whole process of freight information, transactions, transportation, taxation and other factors. Full Gang is also constantly working to improve the platform ecology. The first is to build a credit system. The platform empowers the trustworthy and continuously improves the consciousness and initiative of participants in honest management, so as to promote the development of industry norms and allow cargo owners and drivers to enjoy a fair and honest trading environment. The second is to strengthen the protection of users' rights and interests. Full Truck has set up a customer experience division, equipped with more than 1,000 customer service specialists, to listen to users' voices and solve user problems. At the same time, a number of measures have been carried out to protect the legitimate rights and interests of drivers and cargo owners. The third is to explore the use of non-public party building to lead industry governance. In 2021, the Ministry of Transport instructed the Party Committee of the Full Truck Group to carry out a pilot project of party building for truck drivers, with the core concept of "holding the red steering wheel and building the branch on wheels", combining online and offline, and establishing 56 cloud branches of party member drivers to serve nearly 4,800 party member drivers. By carrying out a series of activities, the driver group has a greater sense of security, happiness and gain.
Digitalization is pioneering and innovating for transportation powerhouses. Since 2021, as a pilot unit, Full Truck has been officially approved to participate in the pilot work of building a transportation power, and under the guidance of the competent department of the industry, it has promoted the project of "Digital Intelligence Demonstration Project for High-quality Development of Road Freight Industry". Starting from the five "modernization projects" of road freight tool modernization, road freight organization modernization, road freight new business format modernization, road freight emergency logistics system modernization, road freight safety production and credit governance modernization, improve the level of industry digitalization, intelligence and standardization, and form a replicable and promoted experience, so that the digital freight platform can better serve the strategy of building a strong transportation country.
Digitalization has contributed to the development of the real economy. The report of the 20th National Congress of the Communist Party of China proposed to accelerate the development of the digital economy and promote the deep integration of the digital economy and the real economy. As a digital freight platform, Full Truck promotes the standardization and digitization of transaction rules, integrity systems and transaction scenarios, and effectively supports the continuous evolution and growth of the freight ecology composed of upstream and downstream of the industrial chain and various service providers. On the one hand, through technological innovation, Full Truck has built an online and offline linkage network, given full play to the advantages of platform and networking, accurately grasped the market demand and optimal resource allocation, gradually realized intelligent vehicle and cargo matching and precise scheduling, improved the matching efficiency of highway trunk logistics sources, vehicles and routes, and the efficiency of transportation organization, helped small and medium-sized enterprises reduce costs and increase efficiency, expand the business radiation radius, and expand the national market; On the other hand, through long-term accumulation and in-depth mining of freight big data, the Full Truck has developed new digital logistics formats, continuously innovated the platform model of logistics operation and service, integrated and optimized transportation and logistics resources on a larger platform, promoted the integration and linkage of production and service industries and manufacturing industries, comprehensively improved the efficiency of social logistics, and helped and supported the high-quality development of the real economy. At the same time, digital freight has also broken the boundaries of traditional logistics industrialization, and worked with upstream and downstream partners in the industrial chain to build a digital and intelligent logistics ecology, and promoted the deep integration and symbiotic evolution of the real economy and the digital economy.
Greening is a successful practice to promote the high-quality development of the industry.
China is one of the busiest countries in the world in terms of transportation, and with the "3060" goal of carbon peak and carbon neutrality, China's transportation industry has put forward new requirements for green development. According to statistics, transportation emissions account for about 11% of China's total carbon emissions, of which road transportation accounts for more than 80% of the total transportation carbon emissions, which is the absolute main body and focus of emission reduction in transportation.
In October 2021, at the 2nd United Nations Global Conference on Sustainable Transportation, Full Truck and the Planning and Research Institute of the Ministry of Transport jointly released the results of the project "Research on the Development Strategy and Path of Internet Road Freight Platform in the Context of China's Carbon Peak and Carbon Neutrality". The results of the study show that digital freight platforms have a lot to offer in terms of decarbonization through technology.
Improve the efficiency of freight organization and achieve energy conservation and emission reduction. Through big data, cloud computing and other data intelligence technologies, the full truck realizes efficient matching and route planning at both ends of vehicle and cargo supply and demand, improves the utilization efficiency of vehicle capacity under unit turnover, and significantly reduces the "three empty" (empty driving rate, vacancy rate, and empty load rate), thereby reducing the carbon emission factor per unit turnover and achieving energy conservation and emission reduction. It is estimated that in recent years, the full truck platform has reduced carbon emissions by 10 million tons, which is equivalent to saving 46 percent for drivers500 million liters of fuel, reducing fuel costs by 120,000 yuan per driver on average. From the perspective of social value, if a tree reduces carbon emissions by 18kg per year, the Full Gang platform is equivalent to planting 500 million trees, nearly 420,000 hectares.
Build a carbon inclusive platform to make drivers beneficiaries. In June 2023, Full Truck launched the first driver carbon account system in the field of road freight in China to build a carbon inclusive platform. On the platform, drivers have their own independent carbon accounts that record data related to carbon emissions during transportation. The Carbon Inclusive Platform will mobilize truck drivers to participate in fuel saving and carbon reduction, and allow them to obtain more tangible green rights and interests through carbon asset trading. At present, Full Truck has carried out cooperative research with Tianjin, Guizhou and other provinces and cities, and implemented carbon emission reduction technology assessment, certification and trading mechanisms in pilot areas with digital technology and carbon emission reduction methodology.
Released the "Full Transportation Carbon Road Plan". In 2022, Full Truck released the "Full Carbon Road Plan". Focusing on carbon reduction and carbon reduction, we will further increase investment in technology research and development, continuously improve the algorithm capabilities of the platform, and further shorten the time for drivers to find goods from "minutes" to "seconds", so as to further improve the efficiency and accuracy of vehicle and cargo matching. In terms of optimizing the transportation organization model, Full Truck will continue to explore the digital scenario of multimodal transport, open up and collaborate, and promote the efficient operation of the industrial chain. At the same time, we will upgrade freight service products, vigorously expand business scenarios such as LTL carpooling, continuously penetrate the tentacles of logistics and freight services, and promote the digital upgrading of logistics infrastructure networks. In addition, Full Truck will further increase investment in R&D for autonomous driving and new energy trucks, and empower low-carbon and zero-carbon chains with hard-core technology.
The report of the 20th National Congress of the Communist Party of China pointed out that "accelerate the construction of a manufacturing power, a quality power, a space power, a transportation power, a network power, and a digital China". As a digital freight platform company, we are encouraged and confident that we will unswervingly build a high-quality digital freight platform and contribute to the digital, green and high-quality development of the transportation and logistics industry.