There is a lot of skepticism about whether or not freight volumes will rebound through 2008 for the trucking industry at large. Many drivers have asked what the immediate future holds in store for the expedited trucking industry. Here’s a little insight and information to dispel the myth that expediting is on its way out.
Although we have seen many changes within this specialized niche,
expedited freight transportation service has been around for many years and will continue to thrive for as long as ground freight transportation exists.
Freight transportation statistics show that the supply chain continues to increase its reliance upon “just in time” and expedite shipping methods. As a result there are more carriers offering dedicated expedite services than ever before and undoubtedly expedite freight rates have become very competitive.
Surviving in the
business world requires knowledge, a good business plan, the ability to improvise, making smart businesses decisions, recognizing your mistakes and learning from them.
As an owner operator you are a business owner. There is no doubt that as the competition increases you will have to make adjustments to your business plan. Whether you operate under your own authority or are leased to a large carrier, expedited freight will continue to grow but how much business comes your way and the
ability to maintain adequate profit margins ultimately depends on the day-to-day business decisions you make.
Linda M Yates Editor of ETN |