Trucking Market Condition

564 Words3 Pages

Business situation and Market Conditions The trucking industry is responsible for the majority of freight movement over land, and is a major stakeholder in the manufacturing, transportation, and warehousing industries in the United States of America. A growth in the marketplace and especial in e-commerce has brought about a necessity for transportation of goods. Market conditions in the trucking industry are increasing and projected by most experts to continue that trend. An expected growth rate of 5% over the next 12 months is cautiously anticipated. As reliance on rail freight has decreased the trucking industry has seen a steady growth over the last decade. There are more than 1000 manufacturing plants and distribution centers in the state of Ohio and surrounding areas many of whom require transportation services from both large and small trucking companies. Problem worth Solving Companies looking to outsource …show more content…

Management will use several forms of strategies to take advantage of the favorable market conditions. We will cover both interstates and long intra states routes. The company will provide transportation services to retailers and product distributors. Wholesalers and distributors that serve large retailers in Columbus and surrounding areas assemble truckloads of goods from the many manufacturers they serve. Companies outsource transportation services because they want to cut costs associated transportation when operating at capacity but not prepared to expand their shipping capacity. This gives small companies like Civicon Trucking the advantage of identifying these client needs and tailoring transportation needs to cater for each company individually thus great unique services offered and at a reasonable