Trucking Business for Sale – Industry Update

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Many businesses are feeling the effects of the continuous rise of gas prices, most especially the trucking industry. Despite this, they have continued to show resiliency, proving that buying a trucking business for sale is a considerable acquisition opportunity.

For starters, the American Trucking Associations’ advance seasonally adjusted (SA) For-Hire Truck Tonnage Index increased by 1.7 percent in March. The latest gain put the SA index at 115.4, 2.7 percent higher than last month’s index which equaled 113.5.

The not seasonally adjusted index, which represents the change in tonnage actually hauled by the fleets before any seasonal adjustment, reached 123.3 in March, up 20.7 percent from the previous month.

Compared with March of last year, SA tonnage climbed 6.3 percent, which was higher than February’s 4.4 percent year-over-year gain. For the first quarter of 2011, tonnage increased 3.8 percent from the previous quarter and 6.1 percent from the first quarter 2010.

“Despite my concern that higher energy costs are going to begin cutting into consumer spending, tonnage levels were pretty good in March and the first quarter of the year,” said ATA Chief Economist and Vice President Bob Costello.

Currently, Corporations4Sale represents several companies in this area:

“While I still think the industry will continue to grow and recover from the weak freight environment we’ve seen in recent years, the rapid spike in fuel prices will slow that growth,” Costello added. He also noted that as long as U.S. manufacturing activity remains strong, truck tonnage will benefit.

For the past months, the manufacturing industry has remained strong and continues to grow. Citing the latest Manufacturing ISM Report On Business®, economic activity in the manufacturing sector expanded in March for the 20th consecutive month (for more info, read US Manufacturing Industry Continues to Grow).

Like the manufacturing industry, I believe that the transportation and logistics industry will continue its uphill drive. Business activity continues to run smoothly. Thus, buying a transportation and logistics business for sale could boost your company’s profits to full throttle.

Source:
http://www.truckline.com/pages/article.aspx?id=871%2F{8E1C7279-ED27-4C03-B189-CEEEE26BBB12}
 

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