Is Now a Good Time to Get into Trucking?
In America's economy, trucking companies are crucial. Despite the difficulties the COVID pandemic posed for the industry, they continued. What changes or difficulties may the trucking business expect in 2023?
Distribution and supply chain problems won't be resolved in 2022/2023. Forecasts for the transportation business are generally optimistic, though.
It might be a good idea for drivers who want to launch their own company to do it right now. Additionally, owner-operators wishing to expand their company might benefit from the impending changes in the sector to improve revenue and broaden their clientele.
A LARGER VOLUME OF FREIGHT
The American Trucking Association predicts that freight tonnage would rise by 24 percent in 2022. The trucking industry's revenue was expected to rise by 67 percent as a result.
Increased volumes will be advantageous to the freight carrier but could put further strain on the sector as a whole. Technology use will rise as a result of this circumstance. Efficiency and production will increase with the use of time-saving tools like TMS and logistics suppliers.
A GROWING DEMAND FOR SHORT HAULS
The American Transportation Research Institute reports a decline in 1,000-mile hauls during the previous five years. Over 69 percent of freight hauls in 2020, according to freight carriers, were under 500 miles.
Short hauls are preferred by many truckers so they can spend more time at home. They also avoid prolonged sitting, which poses a serious risk to their health. Short hauls might dominate haul lengths in the upcoming year if the trend holds.
EXPANSION OF DIGITAL LOAD BOOKING
According to recent surveys, about 76% of freight carriers and owner-operators booked loads through applications or online resources. In 2022, specialists in the trucking business estimate that digital booking will increase. By using this method, less time is spent on the phone talking to brokers, which frees up more time for driving.
IS IT A GOOD IDEA TO ESTABLISH A TRUCKING COMPANY TODAY?
Running a trucking business is quite labor-intensive. That's not really a big secret. You spend the majority of your time driving, so when the day is over, all you want to do is unwind. However, you are a small business owner in addition to being an owner-operator. This implies that regardless of how exhausted you may be, you still have a business to manage.
Although the pandemic's aftereffects (such as a driver shortage) may provide difficulties, 2022 is a favorable year to start a career in trucking. After all, the market is improving and there are many accessible technologies that can help your company.