They are carried out by industry and corporate planners enabling them to create well developed plans and strategies.
Well, I guess enough build-up so here, in no special order (as everyone will have different view depending on their individual situation), are 25 constant factors affecting the trucking industry.
Source: www.info.plslogistics.com
1. Trucking Industry Factors – Fuel Cost:
This is the one that has the greatest impact on your organization. Truck can’t run without fuel. You have no control over what the price per barrel of oil will be, thus you’re at their mercy.
When prices are high you might have to pass that added cost on to your customers. If your company relies of the oil industry to operate and prices are low, you’ll run fewer trucks.
Source: www.trucknews.com
2. Trucking Industry Factors – Government Regulations:
There are too many government regulations and organizations to list, but to just name a few:
- Department of Transportation (DOT)
- Federal Motor Carrier Safety Administration (FMCSA)
- Occupational Safety and Health Administration (OSHA)
- Department of Labor (DOL)
- And to not forget the other federal, state, and local regulatory agencies.
Source: www.ucedc.com
3. Trucking Industry Factors – Competition:
There are so many trucking companies in the USA that is can be overwhelming. Some work only in the local area while others are regional, still others run nationwide.
So it can be hard to stay competitive, while contending with salaries and other cost (such as rising fuel, added governmental fees).
Source: www.infotruck.blogspot.com
4. Trucking Industry Factors – Safety Rating:
Good safety ratings are just as important for the trucking industry as a good consumer report is for a manufacturer’s products. A bad rating can literally cripple your company.
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