To put it in another way, that is the following:
- Replacement of aged trucks of aging trucks
- New effective tax rates
- Renewing fleets
While there are companies that benefit from foreign profit directly, the customers are willing to invest even more in their transport services.
This is why they need to hire more staff. It is important for the company’s reputation and revenue to keep the capital rising.
Moreover, they count the customers needs as an initiative to increase the freight hauling demand, not only for the users but to expand the company’s capacity as well.
9. Industry Consolidation is Poised to Accelerate
Along with the expansion of the freight transportation industry the acceleration of sectors remains fragmented and mostly trucking.
For instance, as a partial consolidation is found the LTL sector which covers the truck brokerage, logistics, truckload etc. This also includes the contract logistics segments which also all remain highly fragmented.
According to the latest trucking industry trends, the upcoming year is expected to find industry consolidation sectors.
