But as said earlier winds of changes are blowing and in less than 12 months situation has changed dramatically. Due to such low load prices, there are a lot of trucking companies going bankrupt and even more of them are either creating losses or will bankrupt.
What is the Solution?
The only solution is to fight and work hard and do whatever is possible to stay in business and go through this rough period. It is expected that small signs of improvement could be visible these first days of spring but nothing really good is not expected before the next year.
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The key players are expecting that market will consolidate and that a lot of new and not professional trucking companies will go out of business which could be a great opportunity for older trucking companies to position themselves in a better way on the market.
Now that we are familiar with the current situation and we know what we can expect in near future it is time to regroup and make a plan on how to make more out of what we have and simply where to find that extra dollar we need to make in order to stay in business and make for an honest living.
LTL Freight Is A Great Way To Make More Dollars per Mile
It definitely is a way to better profit margins and a way to increase company profit. Less than a loaded freight really is a way to higher profit but the company that operates in this field needs to be more focused, concentrated, and experienced if they want to make that extra money.
