Explore LoadMiles: Efficient Truck Management Software
Discover LoadMiles: efficient truck management software for streamlined logistics, simplifying transportation and seamless logistics processes The trucking industry is facing a high failure rate, with an estimated 60-80% of new companies failing within their first year of operation. This alarming trend continues, with around 90% of trucking companies not surviving past five years. Why do trucking companies fail? The main reasons for the high failure rate in the transportation industry are complex, multifaceted, and depend on a variety of factors. Operational complexity: For newly established companies, managing operations in the trucking industry poses significant challenges. Trucking operations are demanding and time-consuming. Most significant issue is dispatch management coping with unpredictable weather and traffic that hinders normal operations. High Costs: Higher operational cost is another big problem truckers have to face. Main costs include acquiring a new truck, maintain...