Why The Trucking Industry Is So Fragmented And Chaotic
Why The Trucking Industry Is So Fragmented And Chaotic
Trucking is an especially fragmented industry, which makes it susceptible to continuous boom and bust cycles. While the pandemic wreaked havoc on several industries, trucking is no exception: the industry as a whole is experiencing a shortage of drivers, high turnover rates, and order delays, among a slew of other problems. With 40% of the global economy dependent on freight and logistics, the industry’s issues resonate across supply chains and through other dependent industries.
Trucking is an $800 billion dollar industry that has proven too tough for one company to dominate.
Low barriers to entry make it easy for aspirants to start companies, and competition is fierce. There are thousands of trucking companies in the United States, and the fragmentation of the market produces huge boom-and-bust cycles.
Some companies have tried to consolidate or roll up smaller operations, but the industry is resistant to it.
New technological developments, such as self-driving trucks, could spur consolidation by removing one factor that keeps the industry so competitive: drivers. That will not be easy — companies are still perfecting the technology, and the regulatory landscape would need to be changed to accommodate these vehicles.
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Why The Trucking Industry Is So Fragmented And Chaotic
Because it sucks!
Y’all make all theses documentaries but don’t talk to the truck drivers
Pay fair, and problem is solved.
But no, we ain’t do that here.
You need to West draw your statement about how hard it is to find truck drivers, there is no shortage. I can take you on a ride along if you choose and you can see all of the truck stops that are passed every night. The actual Termanology you need to be using is how do we stop driver turnover?
I only have 1 question? If a truck drives it’s self and it was driving in snow in Colorado or northern California… If it slides on the snow and runs into a car who’s the blame?
Nice and swift have such a huge revenue, because all of their drivers are underpaid treated like garbage. And there are so many regulations that small companies have to follow that night in swift do not they are not held accountable for the dangerous things that they do, especially, putting non-experienced drivers in those seats and making them trainers to training other non-experienced trainers and drivers
Parking the #1 problem 🙄 😒
The trucking industries is run by crooks and is nothing but a truck full of lies.
Hint- empty trailer=
Dispatcher
Brains
Totally not worth it. Just consolidate loads up to 65k pounds on one trailer and drop it at bnsf or other provider… Cali – Chicago – east coast waaaay cheaper than driving a truck, and with luck you can have 3 loads inside one trailer worth up to 20k$… if you’re lucky🤑
The reason for your truck driver obesity, it’s because you have these giant mega carriers like Swiss tonight keeping his drivers out six months at a time only allowing them to come home for maybe a weekend. He’s trucking industry need to be held accountable for the damage state due to these drivers and their families!
Little more than a truck and a commercial license? Seriously? I went to school to learn how to drive a truck you morons. It wasn’t easy. A truck costs as much as a house. The costs are astronomical. It takes skill to drive a truck and trailer, and the more specialized the load, the more skill we need to drive. Not only that but hazmat, is an entire class all its own. Each division of trucking is something that has to be studied and learned. It’s not easy. Don’t belittle us. We’re way smarter than you think we are
Nice video as always, but I was expecting a strategy of sort to double profit because I came across an investor that grew a profit of $380K in 2months from 150K and I’d really love to know how I could double my profit within a short period of time.
Can u see one of these self-drive trucks in snow & ice 😱
Those "Autonomous Trucks" won’t last long without getting sabotaged.
I drove for 3 years from 2011 – 2014. They were the longest, saddest years of my life. I’m happy I’m not doing it anymore, but I’ll never get over the pain of losing all my friends and watching my relationships wither away and die. People love to kick you when you’re down. Worst job on the planet, bar none.
Because thats how the government wants it if they organize its somehow agents the law
Welcome to the best office job available if you graduated from the school of hard knocks without forgivin tuition
Its a brutal job
Fragmentation seems good for workers
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Look up 👆 to the name above for help.
Omg we’ve been sitting since 9 last night waiting to be unloaded now pulling out @12:30 pm the next day …life of a trucker..
Why the trucking company is struggling?
Answer: Biden administration
The pandemic DID NOT shut things down; the *policies of the pandemic did!!!
My dad was a Teamster in the old days he was trained uniformed license insured. He was on the b a m scale which meant Buck a mile. The trucks were smaller and more able to get around in the city for deliveries than the Bahamas that are bigger than a boxcar. If he went on an overnight trip it was Holiday Inn and Howard Johnson paid for by the company and they paid for everything but his bar bill. Now the drivers are all pumped up on methamphetamine driving New York to LA and 77 hours no sleep your social life is a lot lizards you never get to see your family and your wife is screwing everybody in town because you’re not home. And just when you get the new truck paid for you have to buy another one. Just like the self-driving cars we have self-driving trucks now so truck driving is going to be another job gone by the wayside like a locomotive fireman. Now instead of you having a trained license professional truck driver you have an illegal alien with no license no insurance and no comprende.
One word answer: Stage One progressivist policy, with no regard to unintended consequences or the laws of cause-and-effect and basic economics. Second one-word answer: that useless little twit Pete Buttigieg.
The turnover rate is because truckers don’t get paid for all their time.
The reason the industry is volatile and fragmented is by design (MCA 1980) and very simple: money. It wasn’t always this way. Wanna change it? Simple: join a union. Oh, and question everything the MSM feeds you. (Hint: there’s a reason for that, too.)
Rail transport freight better than trucks!!!!!!!
Yes the scenery is nice but the problem is all you ever get to see is a truck driver is the back doors of cities and states
Latoya seems like a person who knows her stuff.
Very interesting
It’s a plan to make us all dependent on the Government to supply our needs. It’s called Control and Socialism.
I wrote a song called One Tough Trucker that you might like. It’s under Daniel J. Curry Music on You Tube. Hope you’ll give it a listen.
These drop off points don’t accept loads when truckers show up. Brokers are not really brokers meaning they act like brokers and screw everything up. Trucking companies don’t have dedicated inside people to keep the office side correct.
They can stabilize this industry by enticing Independant trucking businesses. Driver/owner.
#Bitcoin gap is to be filled $9k something #market will go here. Make sure to take a screenshot and keep it. So many events have been held by #TheMera of #DefiWarrior lately! And big update about #metaverse.
There is a great market solution for your overcrowded parking spaces. Removed, electronic logs!
All the usual cleaches. No word from the trucker. Until they start listening and stop firing and threatening, even passive aggressively, it will not change. I was told by USXpress Inc to quit when I had health problems from covid related and dental issues. 2 weeks off to care of ones health UNPAID should not make you terminated. Sorry you are only ruining it for yourself because of your own greed.
Of the damn bureaucracy would stay the hell out of it!!
Appointments, traffic and road construction are killing me. Over 3000000 miles and going for one more year and retirement.
Over Regulated, ELD, Greedy Brokers, Home time are just some of the reasons drivers tap out of trucking.
Bull crap she said drivers do for to see the country how about traffic no shower , nasty food, loneliness and they rob u half of ur time
It’s about money the big corporations they not care about trucker even the government
One of the biggest problems trucking companies have, is that they call people who drive trucks "truck drivers". That shapes how they look at the competition of labor. These idiots think that somebody who drives a truck, can’t do anything else. I’m a person who can drive a truck—not a truck driver. I still have my CDL, but I don’t work in anything related to trucking anymore. It’s unlikely anyone in the trucking industry will ever "get it". I’m just putting it out there. This problem is not going away, since the blame for all of this is at the heart of what companies actually think is the cure. They’ll continue to be impossible to talk out of it, so why would I wait?
They are not concerned about parking the driver or the drivers families, they’re only worried about saving money, putting speed limiter’s on trucks. Employing non-experienced or responsible drivers so therefore they can go flying through parking lots and construction zones.
Oh, by the way. Your autonomous truck isn’t feesable since the features it relies on FAILS ON A DAILY BASIS! Autobraking is already implemented and fails due to: rain, sleet, guard rails, snow, and even cars exiting the interstate have triggered false COLLISSION ALERTS! That’s how it appears on the dash with a red flashing light along with BRAKE INPUT that is not needed and can and does cause bottlenecking on the interstate when combined with chain reaction events associated with heavy traffic conditions. They aren’t there yet and are not even legal. Updating and upscaling the railroad makes more sense since most goods are non perishable and the efficiencies are 1,000 times greater. More proof on how INSANE these big companies are and how much they want for themselves. They do not play nicely with there neighbors. Do not trust them. Stay away from there trucks because they use dirt cheap tires that only cost $150 per tire and do blow up often. If they are serious about safety, why can’t they put quality virgin tires on their equipment and stop reusing flatspotted and cupped tires (often poorly hid on the inside tires) to save A FEW DOLLARS! USXpress doesn’t even inspect there trucks unless you put 74,000 miles on it! That’s a problem that will only compound itself if these boneheads are allowed to get rid of the only person ACCOUNTABLE…THE DRIVER! Have a safe trip out there America and don’t forget to have your car or truck routinely inspected before you take that long journey.
Hey Joe Biden used to be a truck driver. 😂 we all loved that one at the Mack truck factory.
Here’s a thought. When a over the road driver is more than 100 miles from home .he should be paid minimum wage while he sleeps and not able to get home 10 hrs a day plus 14hrs of mileage pay .
Corporate greed is the only reason why the trucking industry is falling apart. There are tons of CDL drivers, that NO LONGER drive due to low pay and awful treatment from the company and brokers that gouge their pay. Ask a trucker if you want the truth, not a business owner that will lie through their teeth to cut costs.
10:52 How far off can these vehicles go when they have flat tires, or any mechanical situation when the trailer suffers on the road?
You want to keep drivers then pay them hourly and make it better than 20 per hour. Pay all time on the truck. Also don’t cap the pay keep paying more over the years.