Industry Analysis & Industry Trends
The Semi-Trailer and Truck Rental industry has cruised through a growth period since the late 2000s, with some minor bumps along the road. The industry is expected to grow by 3.7% over the five years through 2014-15, climbing to $110.0 million, including a 4.0% growth in sales during the current year.
This growth stems from the increase in demand for total road freight services, partly due to increased volumes of merchandise imports and exports. This industry fulfils a small but important role within the transport sector, supplementing the fleet of transport firms to help meet short-term requirements... purchase to read more
Industry Report - Starting a New Business Chapter
The barriers to entry are high. Establishing new operations requires large amounts of capital to purchase the prime movers and trailers. In order for a business to be successful, it has to have a large product range consisting of different varieties of trailers and trucks. Prime movers can range anywhere from $100,000 to $350,000. Even if the equipment is leased, a sufficient amount of capital is required to cover the negative cash flows before operations gain momentum. Prices of semi-trailers vary depending on their complication and specification.
On a positive note, establishing new operations does not require established relationships with customers and previous reputation. The business tends to be based on one-off transactions... purchase to read more