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
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Concentration on road way doesn't allow you to see much.
Regulation is killing the ability for drivers to make real money.
I want to see an automated/autonomous truck stop and chain-up.
Ol Peanut butter head Carter DEREGULATED trucking in 1980 an wages have been going down.
I’m quitting my job and getting my Cdl just to leave my dead end job in a demoncrat led city. fk u Ny!
Because of the company’s that fixing rate confs and scamming it’s drivers, I personally know the company Genius trucking LLC from Louisiana that stole 1.7mil in ppp and keep scamming its drivers doing well, not in jail… next time I’ll do the same….
Bidenomics killing American jobs death by a thousand cuts
Nothing new , its a Democrat Administration , trucking will struggle every single Democrat in the WH . 😅
I left two companies last year because they kept me on the road 19 days instead of the 10 to 14 days agreed upon.
In the near autonomous truck that drive from point A to point B by autopilot should be a reality.
Rising diesel costs. Wonder how that happened?
Hello from Panama. I drove from 2006 to 2014 a truck all over North America. From the border to Alaska to the border to Mexico. Originally coming from Germany, it’s scary how many drivers coming and going in a North American trucking company. If this happens in Europe, we think that the company goes belly up. Why drivers leave? Politics and rules in companies to screw the drivers over. No pay for sitting in companies yards, waiting to get finally loaded. Who who has to earn money in an office is sitting on a chair for a whole day to get the information that he isn’t getting paid that day? Happy about that? I’m sure not. Truckers in North America receive the same pay – since the 1980’s! No increase at all. Then you have your “very nice colleagues” who just take your load and shipping papers. When you get into the office to start your 3 weeks on the road, your load is gone. Seriously? Nobody in the office gives a shxx about it. Why? Well. You don’t drive, the company doesn’t has to pay you. And I have seen myself very good drivers leaving the company because of shxx like this. And the worst of it? The company doesn’t do anything to keep the drivers! If a good worker has a problem with the company in Germany, you had always the managers or owners to sit together with the worker to get fixed what was wrong to keep him in the company. Not in North America! The only thing they say? “Don’t slam the door on your way out….” I had a work really accident. In the beginning, I was very depressed. Who wouldn’t. As the compensation board decided that I would never work again, I thought that’s the end. I worked since I was 15. Looking at it a couple months later, I am glad that I got out of this toxic environment. – For everyone who goes into a supermarket. Think how everything you buy got to your city. Without all the truckers out there, you would have nothing to eat. But everyone is complaining about the truckers! – For your information. I was never thinking about driving a truck. I’m a car mechanic / Supermarket manager / factory worker / IT manager with degree. With the cheap laborers in the EU flooding Germany , I couldn’t find a job anymore. Got a job offer from Canada to drive a truck. I made the license in the army. Good thing I did take the offer!
That lady is a complete lie😂 owner operator was out there during covid-19. I made so much money it was ridiculous. I knew in March 2022 I had seen a dramatic downhill load and broker money gouging. I don't know why people hop online just to lie to satisfy other people. Tell the truth shame the devil ✌🏽💯✅🤨 drivers just don't jump around just to jump around. Fleet managers to dispatchers don't run the drivers for 1. Secondly sitting at fuel stations all day. Thirdly need to pay your drivers more on the mileage
The trucking industry held me for 4 months. I figured out quick that it's not worth working in an industry in need of such massive reform.
"Debt peonage" couldn't be more accurate. "Indentured servitude" would be a good term for it as well. You would not believe how many of these companies try to get brand new drivers to lease trucks just to be indebted to the company. It's a predatory system that robs the workers of their livelihoods. Many of these people have little to no education and don't see it coming until they're underwater and out of options and that’s why I had to make research about governmental grants and hired a licensed professional grant writer who helped me in securing a grant and I could start up a real deal for myself.
I left because of the medical regulations
This video it a complete lie. I have been a company driver and owned my own trucking company for over 27yrs.
I say we strike, and this Will stop the greed, but in any event,the west is in trouble because everyone and other countries are tired of the western countries with their greed and stealing resources, which has everyone stress out,brits is going to change the game globally and the western countries will become 3 rd world status, which we're already there, can't keep taking from people, it's just a matter of time before the bubble,bust 💯
not all trucking cumpaneys pay by the mile some pay by the load or by the hour
There will never be autonomous semis. People would starve and freeze to death. Travel for cars would be extremely hazardous.
Able bodied males are a threat to "the establishment", and keeping a few million of them trapped in unstable careers keeps them from banding together and demanding a fair slice of the pie. There's ZERO incentive for the government to help truck drivers improve their lot in life. Look at the Canadian trucker convoy to see what happens when even the smallest portion of truck drivers gets a wild hair up their ass and organizes to any extent at all. So, if you're a truck driver hoping for help from the government – you're a fool.
Love to see the different views you get on the roads 😁💯
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