Transportation and logistics are some of the biggest industries in the world. Everything we consume and use daily has been shipped across various destinations before it ends up in our hands.
If you have always been passionate about trucking and transportation, 2022 will be the best year for you to start your own company. With a solid business plan and finance strategy, there is no reason for it not to be a raging success.
If you still need a little more convincing, here are seven reasons for you to start a transport company this year:
1. Economically Critical
Transportation has always been a critical element of the global economy. Since the onset of the pandemic, this has never been truer. With more and more companies pivoting and including an eCommerce division, there has never been a better time to join the transport game.
Transportation and logistics aren’t only critical to the economy but to commerce and society in general. That is one of the best industries to choose from if you want your company to have a purpose.
2. Room For Growth
To grow your list of clients, reach out to businesses that do a lot of shipping. That way, you can pitch your services and expand your trucking business. Cold calling is difficult these days – but it is well worth the time and effort.
Public sector tenders and contracts are other avenues to explore for business growth. The more clients you have, the bigger your business can be. The global transportation industry is expected to grow at a rate of 3.5% through 2027.
3. Return On Investment
The past year has been fantastic for transportation stocks, with the global supply-chain glitches and all of the resulting downstream impacts. Those issues are far from over, and transport companies are set to prosper even more in 2022.
Many factors will affect your business’s profitability, but, on average, you can expect to make a couple of thousand dollars in profit from each truck every week.
4. Ample Opportunities
There are several highly profitable transportation services, all based on interest, manpower and industry know-how. There are multiple opportunities in the transport sector, depending on what city you are in.
Trucking is responsible for most of the overland freight movement in the United States, and most of the world. That market is worth almost 800 billion dollars. There are almost one million truck drivers employed in America, which is much less than the industry requires.
That means that there are currently ample opportunities for a new owner of a transport company. Do your research on the best truck companies to get started on your fleet as soon as possible!
5. Healthy Challenges
The transportation industry is full of demanding clients and exciting challenges. You will be pushed beyond your limits to achieve more, and at the end of the day, you will be better off because of it.
Understanding the extent of your capabilities is an empowering realisation, and you will come to expect more of yourself with every passing week. That presents a set of exciting challenges that you will need to overcome to succeed.
6. Close Community
The trucking and transportation industry is a giant one. With millions of vehicles on the road, this industry is made up of communities from around the world. They form an elite network of individuals who are as passionate about transportation as you are.
This industry is full of the most passionate and dedicated people who love what they do and could never want to do anything else. The cost of financing a transport business is a large expense, but you can manage it if you plan – and it will be more than worth it.
7. You’ll Never Be Bored
Transportation companies work in every industry across the globe. In this industry, you will learn a bit about so much. That is how you will add value for your clients – by understanding their businesses and appreciating the daily challenges they face.
From freight forwarding to retail and automotive, to drop shipping and manufacturing – almost every industry requires the services of a company like yours.
Within a year of starting your business, transportation will be in your blood, and you won’t be able to see yourself in any other business. Work hard from the start; that is the best way to get ahead. There might be a lot of competition out there, but a solid business plan and strong strategy are all you’ll need to succeed.