Let’s not forget, you need a crystal ball so that you see the near future of trucking business and how new regulations will affect you.
14. Trucking Industry Factors – Political factors:
Government some will say they are there to help, others will say they just get in the way. And if you think about it, perhaps it’s a bit of both. The real issue comes when new influencers gain the seat of power.
Perhaps they will pursue a path of more regulation, or perhaps less. Either way expects change, and these will impact the trucking industry, good or bad.
Source: www.abcnews.go.com
15. Trucking Industry Factors – Technological factors:
Now this is another both good and bad scenario. Computers have made communications better and have made it easier to track freight. GPS has greatly enhanced our ability to get from point A to B.
With this comes other issues, governmental regulators have increased their tools as well! Vehicles have electronic components that are costly to repair. Using electronic logs and constantly upgrading systems can be costly as well.
