Trucking Industry News

The trucking industry has been growing significantly in the past few months, particularly because the beginning of the year brought about an increase in the economy, giving suppliers a much-needed boost.

As the market continues to rebound, more suppliers are using fleet management to transport goods and services.

With gas prices going up, many in the trucking industry are concerned by what this could do to overall supply cost.

While the trucking industry is used to produce goods and services between suppliers and consumers, there are other opportunities in which the sector does some good.

Proving that the trucking industry is continuing to grow following a tough economy, analysts are noting that companies are continuing to order equipment, causing freight demand to exceed its capacity.

The North American Free Trade Agreement (NAFTA) saw a boost in trade this past February in comparison to last year.

Buying used vehicles is a cheap and financially sound method of updating a company's fleet. Many times these trucks have better gas mileage with fewer emissions, which saves freight-hauling businesses money by saving on fuel.

The increase in oil prices have put many trucking companies at a loss. Many state and government agencies are urging freight-hauling businesses to convert to a more energy-efficient fleet. However, for some, that is not financially feasible.

Shipping chemicals can be a dangerous ordeal for drivers and companies.

The price of oil has increased in the past few months, but the current presidential administration aims to identify reasons to the heightened cost of the fuel source.