Trucking is an $800 billion greenback industry that has tested as well rough for one business to dominate.
Reduced boundaries to entry make it easy for aspirants to commence businesses, and opposition is intense. There are 1000’s of trucking providers in the United States, and the fragmentation of the sector creates big increase-and-bust cycles.
Some corporations have tried out to consolidate or roll up lesser functions, but the marketplace is resistant to it.
New technological developments, such as self-driving vehicles, could spur consolidation by getting rid of one particular variable that keeps the market so competitive: motorists. That will not be uncomplicated — corporations are even now perfecting the engineering, and the regulatory landscape would will need to be altered to accommodate these automobiles.
Watch the movie previously mentioned to discover additional about the trucking marketplace and its struggles.