Surviving Trucking's Tough Market: Smart Financial Planning

In the face of Department of Transportation revocations and a challenging freight market, many small trucking companies are grappling with closures and idle equipment. However, some resilient carriers have managed to survive by employing smart financial planning and strategic decision-making. These companies have negotiated with lenders, shifted to predictive maintenance, and carefully managed their workforce. When market conditions improved, they were able to acquire assets from bankrupt competitors at lower prices. Despite the current markets challenges, including mega-carriers who can afford to operate at a loss, these well-managed small businesses continue to strive for success in an often unforgiving system.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.