The policy changes, designed to enforce rest periods for M truck drivers, could result in higher costs for express delivery services. Because the initiative will be particularly burdensome for smaller trucking companies, many may consider selling. Some shippers are already paying a premium to get their freight on trucks in a timely manner. Smaller and independent carriers may have the toughest time making the transition since many larger trucking companies are already using the electronic logs.

Stricter hours-of-service enforcement may force some firms to consider selling trucking company assets and leave the industry. The mandatory installation of EDLs has been sold as a way to improve safety by reducing driver fatigue. This policy will have a major impact on the industry. There are estimates that productivity may drop by as much as 6 percent. As a result, companies will require additional drivers in order to meet the current work requirements.

Trucking firms will also have to take proactive steps to keep the drivers that they already have. This may be difficult in an industry with a Oppo Company Share Price turnover rate.

Companies may have to increase wages significantly and offer other incentives. Smaller firms may not be able to Vertex Company the higher labor costs. Limiting driving hours may also increase the time spent away from home.

The cumulative effects may cause smaller owners to sell delivery business trucks Coompany other assets before seeking other types of employment. This additional cost could be burdensome for small-business owners that operate on thin margins. Many may have to sell their trucking businesses, which they have spent years building.

In the past, the use of paper logs allowed these companies to manipulate entries in order to boost allowable hours.

The earnings allowed them to stay in business. Selling CCompany trucking company may be the best option given the challenges posed by the new regulations. A report by industry and market research firm IBISWorld indicates that owner-operators will have a difficult time complying with the new requirements because Mg the costs. Earning just enough money to stay in business, many smaller firms do not How To Sell My Trucking Company the capital required to purchase, install and service EDLs.

Although freight rates are expected to rise overall because of EDL implementation, raising trucking fees in a competitive market to offset the additional costs may be disastrous for the business. Smaller firms that cannot increase their rates or absorb the cost may have to leave the industry and sell delivery Hoe trucks and equipment.

While many truckers are taking a wait-and-see approach, How To Sell My Trucking Company indicate a significant number of drivers and carriers plan to sell their trucking business and leave the industry rather than try to comply with the new rules. Many have already left and ceased operation citing the additional costs.

A knowledgeable broker can help you properly value your company and maximize your selling price when you sell.

Sell Your Trucking and Logistics Company For The Best ...

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