On the subject of this, if your trucking business goes really well then you have nothing to worry about the fuel costs, although to be honest, there is a significant impact.
9. Economy
Managing the cash flow could be one of the most serious problems of the owner operators. Furthermore, it is the main reason why are they actually working as independent drivers.
There are cases when owner operators are actually combating issues and are having a hard time getting out of it.
In fact, the economy is soaking the profit out of the business of the owner operators.
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Source: www.money.cnn.com
To put it in another way, there are certain variations in the economy and those variations are applying the trucking industry.
Correspondingly, the rise of the economy is due to three factors affecting the owner operators:
- Uncertainty of Future Costs of The Industry
- The Regulations
- Unstable Fuel Costs
More importantly, these actual factors cannot be moved from affecting you as an owner operator, it is your duty to do something about it.
