Trucking is a service industry that is responsible for transporting around 70% of the goods we use, eat, and enjoy in our daily lives. The Truck Transport subsector is divided into two categories: general cargo transport and specialized cargo transport. General freight forwarding establishments handle a wide variety of goods, usually palletized, and transported in a container or van trailer. Specialized cargo transport requires specialized equipment due to the size, weight, shape, or other characteristics of the cargo.
Running a trucking business requires a lot of cash flow. Payments from shippers and brokers can take up to 30 days, which can create a cash flow problem for truckers. To ensure customer satisfaction, trucking services must provide fast delivery services. Truck drivers are responsible for checking bridge height clearances and controlling the weight of their own vehicle.
The idea of ground power was transferred to the trucking industry, with companies like Idleaire and Shorepower providing electricity to diesel trucks. Studies have shown that 30% of long-distance truckers admitted to using amphetamines while driving. The transport sector is one of the most widely diversified, with industrial companies representing airlines, railways, truckers, equipment and leasing, and logistics companies. Small trucking companies typically operate on the owner-operator model, meaning that the truck driver is self-employed.
When demand for transport services is high, it will be reflected in the quarterly reports of transport companies. More than 80 percent of all communities in the United States rely exclusively on trucks to deliver all their fuel, clothing, medicines, and other consumer goods. With the necessary CDL and a clear motor vehicle driving record, you can secure a truck driving job. Trucking associations protect the interests of the transport industry as a whole while unions work to protect the interests of drivers. Governments have imposed many regulations on the trucking industry due to its size and importance.
The main factors affecting company profits include fuel costs, labor costs, demand for services, geopolitical events and government regulation.