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Trucking is an $800 billion greenback trade that has confirmed too powerful for one firm to dominate.
Low limitations to entry make it straightforward for aspirants to begin corporations, and competitors is fierce. There are millions of trucking corporations in the USA, and the fragmentation of the market produces enormous boom-and-bust cycles.
Some corporations have tried to consolidate or roll up smaller operations, however the trade is proof against it.
New technological developments, corresponding to self-driving vehicles, might spur consolidation by eradicating one issue that retains the trade so aggressive: drivers. That won’t be straightforward — corporations are nonetheless perfecting the expertise, and the regulatory panorama would must be modified to accommodate these autos.
Watch the video above to study extra in regards to the trucking trade and its struggles.
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