June 09, 2021 ‘By 2050 logistics cost, energy consumption can be cut by half’ Increasing the share of rail transport, optimising truck use, promoting use of fuel-efficient vehicles and using alternative fuels in freight movement can lower logistics costs andIndia’s cumulative energy consumption by 50 per cent between 2020 and 2050 under a business-as-usual scenario. Under such a scenario, cumulative energy consumption is pegged at 5.8 billion tonnes of oil equivalent (TOE), said a report by NITI Aayog, RMI and RMI India titled Fast Tracking Freight in India: A Roadmap for Clean and Cost-Effective Goods Transport. Modernised warehouses, use of big data, technology adoption, standardisation of cargo, and use of larger trucks will lower logistics costs. Several countries such as the US and Australia which have increased the share of rail transportation over a period and how furniture major IKEA, among others, has slashed logistics costs.