Buying heavy duty trucks for sale and the challenges ahead

by Guru Singh An Engineer According to professional truck owners’ associations and other bodies, there are multiple challenges that are currently plaguing the industry and threatening the very scope of its existence. Are you looking at snapping up some attractive medium duty trucks for sale or heavy trucks for sale for your fleet? You should have a proper idea of the potential challenges and obstacles in store when it comes to building up a successful trucking business. According to most industry experts, the biggest challenges pertain to fuel costs and the overall state of the economy. The predominance of these factors in paralyzing the trucking industry has been witnessed in the United States and many other markets.
 
Before buying your Tata motors falcon, consider the fuel costs in store. High fuel costs are the biggest deterrent to keeping your business profitable. The costs of diesel fuel have been constantly on the rise over the last few years and should be going up to unmanageable levels in the near future. This endangers many small and medium trucking businesses that do not have the infrastructure and financial muscle to endure these losses. The economy is of course, another factor that may act as a big obstacle to success. The economy is already paralyzed owing to inflationary pressures, stiff regulations, shortage in demand, cost increases in almost every business sector and the ever growing credit crisis. This has naturally made it more difficult to win bulk transportation orders from A-listed clients.

Driver retention and shortages of skilled manpower is another factor you should look at before investing in a fleet of mini trucks for your business. New entrants into the business are often deterred by the lower financial packages as compared to other sectors along with lack of proper training and guidance options and centers. There are governmental regulations pertaining to cargo limits, speed limits, security regulations and classification guidelines that often put a spanner in the works when it comes to maximizing productivity.

These laws and guidelines should be fully absorbed before you actually decide to buy one ton mini truck for adding to your fleet or building up your business from scratch. Traffic congestion is another problem that you may need to tackle on a regular basis. This leads to increased fuel consumption and unwanted delays in transporting goods and services across destinations. However, fortune favors the brave as they say and if you have the aptitude and temperament to combat these problems, you can well think of setting up your own trucking business.


Grushaman Singh is an industry expert when it comes to trucks, pickup vehicles and heavy duty cargo vehicles. He offers inputs and insights pertaining to the industry as a whole.

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Created on Dec 31st 1969 18:00. Viewed 0 times.

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