Full Truck Alliance: Leading New Productivity with Digital Intelligence Logistics, Driving High-Quality Development of the Logistics Industry

Full Truck Alliance: Leading New Productivity with Digital Intelligence Logistics, Driving High-Quality Development of the Logistics IndustryAs the digital economy booms, the deep application of technologies such as big data, cloud computing, and artificial intelligence is reshaping the traditional logistics industry. In this transformation, Full Truck Alliance, a leading digital freight platform company in China, is leading the logistics industry towards a new path of high-quality development with its cutting-edge technological innovation and business model innovation

Full Truck Alliance: Leading New Productivity with Digital Intelligence Logistics, Driving High-Quality Development of the Logistics Industry

As the digital economy booms, the deep application of technologies such as big data, cloud computing, and artificial intelligence is reshaping the traditional logistics industry. In this transformation, Full Truck Alliance, a leading digital freight platform company in China, is leading the logistics industry towards a new path of high-quality development with its cutting-edge technological innovation and business model innovation. During the 2024 China International Big Data Industry Expo (hereinafter referred to as "Big Data Expo"), Full Truck Alliance brought innovative practices in the field of intelligent logistics under the theme of "Digital Intelligence Logistics New Development", contributing to the digital transformation of the logistics industry.

Hu Yang, General Manager of Public Affairs and Director of the Smart Transportation Research Center at Full Truck Alliance, said in an interview with DataView that from a big data seed ten years ago to today's leading digital intelligence logistics player, Full Truck Alliance has witnessed the booming development of the digital economy together with Big Data Expo. "Full Truck Alliance uses informationization to drive the digitalization of logistics, then uses digitalization to achieve intelligent logistics, and then uses intelligence to promote efficient logistics, accelerating China's transition from a "logistics giant" to a "logistics power", better achieving the best use of resources and smooth flow of goods." Hu Yang said.

Digital Intelligence Transformation, Leading the Development of the Logistics Industry

Hu Yang introduced that since its establishment, Full Truck Alliance has been committed to the mission of "empowering enterprises with more competitive logistics capabilities", by introducing big data, cloud computing, and artificial intelligence technologies to drive the digital transformation of the logistics industry. Full Truck Alliance has built a digital freight platform that enables effective integration of transportation capacity, significantly reducing the time it takes for truck drivers to find loads, lowering empty load rates, saving fuel and transportation costs, and reducing carbon emissions.

Full Truck Alliance currently covers over 330 cities nationwide, with 110,000 routes, 3.98 million active drivers annually, and 2.65 million active shippers monthly. The platform reduces the "three voids" (vacancy, empty load, and empty driving) phenomenon, achieving nearly 10 million tons of technological carbon reduction every year. It also actively promotes the popularization of new energy vehicles, with new energy transportation orders doubling in growth, and the proportion of new energy transportation capacity in platform fulfillment orders reaching nearly 20%.

On June 22, 2021, Full Truck Alliance successfully listed on the New York Stock Exchange, becoming the "first digital freight stock" and was included in the "Top 100 Chinese Internet Comprehensive Strength Enterprises" for five consecutive years (2019-2023) and ranked among the "Top 500 Chinese Private Enterprises" for three consecutive years (2021-2023).

In recent years, Full Truck Alliance has actively responded to the national "Data Element " Three-Year Action Plan, actively explored market-oriented allocation models for data element in the transportation sector, and has become a typical example of new productivity in the transportation sector, as well as a typical case of "Data Element Transportation".

As a data-intelligent driven technology company, the Full Truck Alliance platform generates 120TB of data every day, with a total data production reaching 240PB. By innovatively building data element real economy, credit evaluation, logistics index, non-public party building, driver labor union, rural revitalization, emergency logistics, livelihood guarantees, and other application scenarios, the platform optimizes the supply chain, empowers the industrial chain, enhances the value chain, and continuously releases new momentum in the field of "data element transportation".

Ten Years of Big Data Expo, Full Truck Alliance's Witness and Growth

Since the first Big Data Expo was held in 2015, Full Truck Alliance has been one of the exhibitors, joining hands with Big Data Expo for nine years. This year marks the "Tenth Anniversary of Big Data Expo", over the past decade, Full Truck Alliance has not only witnessed the development of Big Data Expo from nothing to something, from small to large, but also used this platform to continuously showcase its latest technological achievements and market layouts.

Looking back on its experience of participating in Big Data Expo, Full Truck Alliance feels deeply rewarded. Hu Yang stated that as the world's first international exhibition themed on big data, Big Data Expo has not only provided Full Truck Alliance with a window to showcase its technological achievements and industry trends, but has also served as a bridge for Full Truck Alliance to engage in in-depth exchanges and collaborations with upstream and downstream enterprises in the industry chain. At every Big Data Expo, Full Truck Alliance has brought its latest scientific research achievements and market resources, together with many leading technology companies, to create a series of feasts of technology and innovation.

At the 2024 Big Data Expo professional exhibition, Full Truck Alliance showcased its latest technologies and products in the field of intelligent logistics. Among them, the Full Truck Alliance Smart Logistics Brain and the L4 autonomous driving heavy truck will be the two highlights of the exhibition.

The Full Truck Alliance Smart Logistics Brain presents real-time data indexes for nationwide freight logistics, reflecting in a multi-dimensional way the real-time dynamics of China's road freight transportation, providing more reference for enterprises, the industry, and society. The L4 autonomous driving heavy truck showcases the latest achievements of Zhijia Technology in the field of autonomous driving technology. The vehicle integrates a number of advanced perception and control algorithms to achieve accurate perception and intelligent decision-making for complex road environments. It has already achieved front-end production and put into operation, with basic functions such as lane keeping, adaptive cruise control, and automatic lane changing, as well as advanced functions such as autonomous overtaking, parking, etc. The application of autonomous driving heavy trucks will effectively improve logistics transportation efficiency, reduce costs, and drive the development of the logistics industry towards intelligence, greenness, and efficiency.

Future Prospects, Digital Intelligence Logistics Leading New Productivity

Full Truck Alliance is full of expectations for the development of the digital economy. Hu Yang believes that with the booming development of the digital economy, the deep integration of data element services and artificial intelligence technology will be an important driving force for economic and social development. Full Truck Alliance will continue to increase its research and development investment in the field of data elements, promote technological innovation, and provide stronger technical support for the development of the digital economy.

Regarding future development, Hu Yang revealed that Full Truck Alliance will continue to focus on the field of "data element transportation", continuously increasing investment in autonomous driving heavy trucks and AI large models. "Big data, cloud computing, and artificial intelligence will continue to play a core driving role. Full Truck Alliance will continue to promote high-quality development and the digitalization, intelligence, and greening process of the freight logistics industry, accelerating the cultivation and development of new logistics productivity." Hu Yang said.

At the same time, Full Truck Alliance will actively fulfill its social responsibilities, care for truck drivers, protect their rights and interests, and look forward to deeper cooperation with more upstream and downstream enterprises in the industry chain to jointly explore comprehensive digital intelligence logistics solutions, contributing to the high-quality development of the real economy and transportation sector.

Hu Yang concluded by saying that ten years is just the beginning, Full Truck Alliance will join hands with Big Data Expo, continue to ride the wave of "digitalization", move toward "innovation", and strive for "quality" in its pursuit of excellence, contributing more to the development of the logistics industry and creating a more brilliant future. It is believed that with the joint efforts of Full Truck Alliance and other enterprises, China's logistics industry will usher in a brighter tomorrow, and the digital economy will shine in more fields.

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