A steady economy drives the trucking industry with consistency in dispatching loads and predictable cash flow.
Small trucking companies have fewer liabilities to withstand due to small downturns in the economy but get whiplashed when the load demand increases. As for larger trucking companies, unpredictable downturns and sudden increase in demand cause a huge gap of cash flow needs for the company.
Why is the trucking industry suffering profitability?
Retained earnings for a typical 10-truck operation,…