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Be Successful in All Businesses Truck Dispatch

Be Successful in All Businesses Truck Dispatch In order to be successful as a truck dispatcher, it is important to always bear in mind that logistics is a people’s business. Making sure that you always

This helps your busiNess to stay afloat because itcan afford to Pat all its bills on time. For this to happen, it’s necessary to enter a competitive industry with proven prospects of growth. Now, does the trucking industry in the United States meet these requirements? Let’s dive into the industry and investigate.

Flow of customers and income.

Trucking companies play a vital role in moving different kinds of goods throughout the United States. Look around you for a moment. You own a refrigerator to cool and chill food and beverages so that they are tasty and stay fresh for longer. Have you ever given a thought to how it moved from the manufacturer to your home? The manufacturer had to transport it to a wholesaler, who in turn, hauled it to your local retailer.

Then your local store brought it to you with a truck.

Take any other item in your home like your computer, bed, clothing, and windows and it got delivered to your home with a truck. So, truck companies play an enormous distribution role in the whole value chain from manufacturing to the consumption of goods. In 2019, trucks carried 72.5% (by weight) of all freight in the U.S. That’s almost three-fourths of all the goods moved in just one year. In tonnage terms, 2019 saw this industry hauling 11.84 billion tons of goods (American Trucking Associations, n.d.).

This represents a tonnage growth of 1.04 or 9.63% from the 2017 freight weight of 10.8 tons (John, 019). In 2017, the trucking industry moved around 70 percent of all freight in the U.S. As you can see, 2019 grew by about 2.5%. In absolute numbers, this is an incredible amount.

Furthermore, the trucking industry generated 791.7 billion U.S. dollars in 2019 (John, 2019). To put the size of this industry into perspective, its 2019 revenue is larger than the gross domestic product (GDP) of Bangladesh and many other countries. If the trucking industry were a country, it would rank 33rd going by GDP! On the employment front, the trucking industry hired around 7.4 million people. This represented 5.8% of all full-time employees in the U.S.

Imagine the industry stop working for a few days or a week!

What do you think the impact would be throughout the country Chaos. For example, stores would run out of food that citizens need to function normally. Other industries like construction, import and export would suffer greatly. In short, the country could stall. And life for most people would change completely.

Experts predict that if trucks were to stop for three consecutive days, stores would run out of food. That’s tragic for us as consumers, isn’t it? With a large chunk of revenue coming domestically, the trucking industry faces little exposure to direct foreign exchange fluctuations. This can give your trucking company stability, something that is crucial for planning and executing those plans.

The trucking industry often indicates the health of the U.S. economy. When the economy swings upwards, the industry’s customers move more and more freight to meet consumer demand. On the other hand, a low trucking demand indicates the start of an economic downturn.

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Express Finance is a private working capital finance company delivering customized financing solutions to small- and medium-sized businesses. Though we are headquartered in Austin, TX, we serve clients nationwide with offices in Phoenix, Pensacola, Denver and Atlanta