Is the Trucking Business profitable in the USA?

The trucking industry in the USA is responsible for transporting huge quantities of raw materials and finished goods over land. For the major part of freight movement (over 71%) by land, trucks are used, acting as tools in the manufacturing, transportation, and warehousing industries. The trucking industry is the lifeblood of the U.S. economy. It’s hard to say, but without the trucking industry, the US economy would come to a standstill.

It’s also important to note that over 90% of players in the United States long-distance freight trucking industry are owner-operators. Without trucking companies started by people like you, the economy would simply cease to work.

The marketplace across the country is growing. As a result, there’s necessity for commercial goods and products to be moved to areas. This need creates a great opportunity for new trucking businesses and people seeking truck driving jobs.

While the trucking business can be very profitable, it is indeed incredibly competitive. Many try to get into the business every year and end up failing. This outcome, however, generally happens to people who are great truckers but not people with a good business sense. How much do truck drivers make is they choose to operate the business. And mind you, it’s much more than knowing how to drive a truck and choose a route.

Starting your own trucking business is not easy. There are numerous documents to file and regulations to follow. However,BeATruckOwner simplifies the entire process. We help take you through some of the biggest and most important steps in starting a new trucking business with ease and put you and your business plan on the right track.

How to make it more profitable?

In order to avoid unnecessary spending and increase the profit, trucking companies must implement a system where expenses will be minimized and totally controlled. By having all of your company expenses in one place, you will know exactly how much money you need to run your business. Having this information will help you to set a minimum amount per mile to be profitable.

Know what’s your biggest operational expense

As opposed to what’s widely believed, fuel cost, not the driver’s wages, is the biggest operational cost involved, accounting for about 25% of all your business expenses.

To conclude, I’d mention that trucking business, just like any other business, has its own set of merits and demerits. While some companies are going down just after a couple of years, some find their way to maintain steady work. This is not a phenomenon, it all depends on your business plan and willingness to succeed.