Hellow guys, Welcome to my website, and you are watching Why The Trucking Industry Is So Fragmented And Chaotic. and this vIdeo is uploaded by CNBC at 2021-10-31T07:00:03-07:00. We are pramote this video only for entertainment and educational perpose only. So, I hop you like our website.
| Name | Why The Trucking Industry Is So Fragmented And Chaotic |
| Video Uploader | Video From CNBC |
| Upload Date | This Video Uploaded At 31-10-2021 14:00:03 |
| Video Discription | Trucking is an especially fragmented industry, which makes it susceptible to continuous boom and bust cycles. While the pandemic wreaked havoc on several industries, trucking is no exception: the industry as a whole is experiencing a shortage of drivers, high turnover rates, and order delays, among a slew of other problems. With 40% of the global economy dependent on freight and logistics, the industry's issues resonate across supply chains and through other dependent industries. Trucking is an $800 billion dollar industry that has proven too tough for one company to dominate. Low barriers to entry make it easy for aspirants to start companies, and competition is fierce. There are thousands of trucking companies in the United States, and the fragmentation of the market produces huge boom-and-bust cycles. Some companies have tried to consolidate or roll up smaller operations, but the industry is resistant to it. New technological developments, such as self-driving trucks, could spur consolidation by removing one factor that keeps the industry so competitive: drivers. That will not be easy — companies are still perfecting the technology, and the regulatory landscape would need to be changed to accommodate these vehicles. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: http://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC Classic: http://cnb.cx/SubscribeCNBCclassic About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC #CNBC Why The Trucking Industry Is So Fragmented And Chaotic |
| Category | News & Politics |
| Tags | CNBC | business news | finance stock | stock market | news channel | news station | breaking news | us news | world news | cable | cable news | finance news | money | money tips | financial news | Stock market news | stocks | self driving truck | how much do truck drivers make | truck driver jobs | truck driver shortage | tesla self driving | trucking industry | shortage of drivers | freight | supply chains | truck driver salary |
