Regardless of your personal views, whoever is in charge calls the shots. So depending on which way they lean, it will determine how the governmental agencies deal with the industry.
Source: youtube
18. Trucking Industry Factors – Shrinking capacity:
This, like so many of the others might have you wondering. But there is a driver shortage, at least in some markets. The government continues to add more regulations that many feel hamper the industry. Also shipping companies can find other ways of sending freight.
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Increased rail and hiring contract drivers instead of outsourcing. Another factor is reduced consumer spending, especially during hard times or after key holidays. There are several factors that cause the industry to shrink.
19. Trucking Industry Factors – Tightened budgets:
In a perfect world a company’s budget would always remain constant. However, we live in the real world. There are numerous trucking industry factors that can cause a company to tighten their belt and cut spending.
These can be economic, or the introduction of new regulations, or even just seasonal highs and lows.
