Truck Industry — 3 Key Aspects for US-based Companies
The trucking industry is a key part of the US economy. It contributes billions of dollars to the local governments — counties, fire protection, townships, and school districts. Each state employs millions of people in this area. It’s a great prospect for the business climate, let’s dig deeper.
Investment Outlook for 2025
According to statistics from the ATA, logistics companies pay up to $700 billion annually, which allows for investment in the US economy. The competitive market and support from local authorities are the main reasons for starting such a business.
By purchasing their fleet of large trucks, which will cost $50,000+, many entrepreneurs grow into big businesses. To expand the market reach, people should allocate money for the following:
- Refrigerated trucks for transporting medicines and food products,
- Creating frames tailored to their specific towing requirements,
- Payment of taxes and permits for the transportation of flammable and chemical substances.
- Renting trucks from companies from other states.
Buying a Vehicle — Key Aspects
Price is a key factor to consider when choosing the right trucks. Scrupulous investors also take into account additional costs — maintenance and insurance. Before making a decision about full truckload freight shipping, aspiring entrepreneurs should understand the details of the following:
| Payload capacity | The higher the payload, the more items — furniture, appliances, pallets of goods — people can spend in one shipment. Trucks with a larger capacity are more expensive and driving such vehicles requires additional permits. |
| Fuel Efficiency | With fuel-efficient solutions, logistics business owners save money and reduce their environmental impact. The type of engine used in a truck is a key aspect for them. |
| Cabin size and route comfort | To minimize the cost of repairing wagons, choose a truck that is suitable for rough terrain — off-road or mountainous roads. Driving conditions and comfort are also important. So, it’s not worth saving on car electronics. Air conditioning is vital when temperatures can rise sharply, and an audio system will make rides more enjoyable. |
Aspiring entrepreneurs must follow the rules or laws that govern commercial freight transportation in a particular state. Otherwise, they will have to pay a fine and costs. Most US regions have taken steps to reduce emissions from commercial wagons. It’s an incentive for business owners to switch to cleaner fuel sources — electricity or natural gas. Investments in green energy will pay off in 2-3 years.
Also check: How to Choose the Right Used Car Dealer
Social Importance & Employment
The growth of the logistics industry creates jobs in 3+ areas — auto repair services, legal support in customs-related cases, warehousing, and others. Truckers are a vital part of the supply chains, providing services and goods that must-have for millions of people. They help keep market shelves stocked and send to pharmacies essential medications.
Safety & Challenges
Most truckers spend 10-20 hours on the road, which causes fatigue. This is a serious challenge in terms of road user safety. No doubt, developed infrastructure contributes to the growth of logistics and reduces the number of accidents on the highway. Poor road maintenance can lead to increased tire wear, car chassis breakdowns, and additional noise. So, not only local authorities but also company owners are interested in investing in infrastructure.
Most US-based companies are facing a severe driver shortage. The last immigration policy changes made it more difficult for foreign nationals to enter the country. So, employers are forced to offer better benefits and higher wages.
In Brief
Overall, it’s clear that the logistics industry is important to society. It’s a key part of the economy, providing jobs and services that society needs. By addressing energy efficiency issues and implementing new technologies, business owners can make a positive contribution in the next 3-5 years.
