Trucking secrets in USA trucking are usually some facts most of us know or think they know but usually don’t pay attention to that at all. Well hidden in the depth of industry. Trucking industry hides some facts that ordinary people that haven’t spent a decade in this industry find very hard to reach.
Like every other business or industry so does trucking there is a lot of things that may look easy and simple but that is just until you dig a little deeper and under the surface the things are not that easy as they look – thats what we call trucking secrets.
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That was one of the main reasons I wanted to write this list and create a central point where people from outside of the industry can get an insight how this industry looks and operates.
Yes, indeed trucking industry has its roots ever since the first car was build at that period very quickly the first truck showed up on the streets. It was all the way back to the beginning of the 20th century when automotive industry started their first steps to massive market penetration.
Trucks showed up and very quickly the massive truck production was in place adding more and more trucks to the streets on a daily base. First transportation hubs started to create (Chicago) and industry was on the path to become a giant. And that sure happened and now trucking industry is giant responsible for 5% of USA annual GDP or around $700 billon annual worth.
There is around 1,2 Million trucking companies operating 15 million of all kind of different trucks all over the USA and 3,5 million of those trucks are Class 8 Trucks or the big ones we see the most on the highways. It is huge and it is massive – 70% of all goods in USA are transported by trucks. Without trucks America stops living in just 21 days.
As you were able to read in the previous paragraph and see what is the size of the USA trucking industry it is even more incredible that trucking industry will grow over the next 10 years by 21%. Yes it is incredible that some industry that is so huge and big can become even bigger.
The reason for that lies in the fact that we buy more and more stuff ever years and that average number of items purchased per person in one year is growing constantly. More and more things are available trough the online stores (Amazon, Jet, Walmart Online, Alibaba) and people are becoming used to that kind of purchasing.
That lead us to dramatic increase in parcel shipping over the last 5 years and for that reason more and more trucks are required t o serve people and their newly developed purchasing habits.
It is a giant and it is completely normal that changes are slowly coming into this industry because in reality every big industry changes slowly and that is OK. Maybe. A lot of changes are happening in the last few years and a lot of industries are being disrupted and changed completely how we rent place to stay (AirBnB) or how we drive in Taxi (Uber) and there is some signs of changing in the trucking industry as well.
There is some startups that are on the mission to disrupt the trucking industry and the way trucking industry works but we need to know that there is a lot of money in this playground and big players just wont let small startups to disrupt the industry and change it the way they want. It will be interesting too watch how this battle will end.
As written above, the industry is packed with giant players that pretty much control the industry and set the trends for the next short to medium period of time. There is at least 10 big players that have more than 10.000 trucks in their fleets (Yes, you read that correct) and that have impressive power in their hands.
Because those big players control the majority of the industry and set trends up and have a huge financial power it is not likely to think that they will sit and wait for changes to happen to them. Proactively they are fighting as well to hold their positions and be prepared for those small (at this moment) attacks coming from startups that want to change the way trucking industry runs business.
Already a lot of merger and acquisitions are happening and it is very interesting. The companies are joining business making from two big companies one giant. Seems like the big boys are becoming even bigger but just like I sad it is going to be very interesting field in the next five years.
This is the area where we can expect biggest changes or let me say it like this, in this area a lot of startups want to make changes that will make those middleman’s disappear.
But let me first explain to you how the business operates in 90% of the cases. If you are a small or medium trucking company owner and you have 50 trucks in your fleet to find the loads you are going to drive you are not calling companies you want to drive for. There is a broker in the middle that will give you the load. Company calls broker, broker calls you and you drive the load. Now you probably ask yourself why do we need the broker in the middle that is taking money from both of us? That’s the question all those new startups looking to change this ask too.
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