Trucking Industry Issues – 21st century
In 2000’s, US trucking industry faces the biggest challenge. Trucking companies were faced with aging fleet of vehicles.
Midrange engines were supposed to replace the old ones, but the companies chose to avoid the buying, and turned to low mileage used trucks.
A low-mileage tractors were all over the market which caused lowering the prices. Rock bottom prices were threatening to fleets, manufactures and truck finance companies. Almost 70% of the trucking companies found themselves on the verge of bankruptcy.
One of the great things about trucking is the fact it’s a vital to the national economy. Speculation cannot change the necessity of freight movements. That is possible explanation how the industry kept going in spite of so many problems in 2000’s.
I will stop here because last two decades are all about globalization, and how everything is related. You often hear that shaking action on side of the world could produce consequences on another.
