Rising demand for ride-hailing services and e-commerce delivery intensifies competition for urban curbside spaces, leading to uncoordinated travel behavior, increased traffic congestion and social costs. One possible solution to address those issues is Smart Loading Zones (SLZs), equipped with advanced technologies to optimize curbside use. Yet, the real-world impact of SLZs on traffic flow is unclear due to a lack of real-world data and rigorous studies investigating SLZ’s causal effect on traffic speed. With granular speed data and real-world implementations of SLZs from Pittsburgh, PA, this study applies the regression discontinuity design method to rigorously examine the causal impact of SLZs on traffic speed in the downtown network. The results showed that the introduction of SLZs could enhance the traffic speed of the nearby road segments by 4.5%, while controlling for the underlying trend of speed and multiple influential factors such as time, weather, and road characteristics. In addition, SLZs with a short length could statistically improve traffic speed but those with a long length exert no significant effect. These heterogenous effects might be attributed to the weak enforcement at the time of SLZ deployment in Pittsburgh. The results confirmed the overall positive impact of SLZs on improving congestion. However, policies such as effective dimension planning and robust enforcement policies are essential to maximize the benefits of SLZs.