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How to Grow a Successful Trucking Business in 2020
- Jan 10, 2020
- Madeline S.
As the New Year starts rolling, you might be looking at ways to better yourself and your trucking business. The trucking industry struggled as a whole in 2019, with many companies declaring bankruptcy or shutting down. However, these were more due to internal company issues rather than a reflection of the industry, and as trucking companies move into 2020 they should reflect on last year’s missteps in order to grow this year.
Stay on Top of Compliance
The trucking industry is heavily regulated in both the U.S. and Canada. There are many rules and regulations that trucking companies are required to comply with in order to run a successful and legal company. From Hours of Service regulations to ELD mandates, it’s important to ensure your company is on top of compliance. Not being compliant could result in hefty fines, delays, or even more severe consequences. AVAAL can help train you on all relevant compliance issues, and make you an expert in the subject by enrolling in our 2-day fast track Safety and Compliance Specialist course! You’ll also learn how to successfully pass audits and set up a safety program for your business.
Invest in Software and Technology
The trucking industry is undergoing a technological revolution and that is restructuring the way things are done. Companies should continue to invest in trucking software and technologies that improve efficiency for their business and ensure compliance. Having effective and easy to use software will not only make it easier to manage your trucking business, but it can help cut costs, reduce delays, and ensure compliance. Companies that resist technological advancement or struggle to keep up with the fast pace of technology growth will face substantial problems growing their business and staying profitable.
Focus on Management
The truth is that having proper management is by far one of the most important aspects of running a successful trucking company. Proper time management, keeping the books, tracking inventory, and other managerial aspects are what keep a business running smoothly. The reasons many companies failed in 2019 were due to poor management. That’s why it’s important to ensure that your management is in tip-top shape going into this year.
Enroll in a Training Course
If you’re looking to run a thriving trucking business this year, you should start by taking AVAAL’s Trucking Dispatch course. With over 5,000 graduated students, this course teaches you all of the skills you need to run a successful company, including sales, negotiation, account management, bookkeeping, and management software! We also offer a Safety and Compliance course where you can learn all about the rules and regulations in the trucking industry to ensure your business stays compliant.
Our courses provide you with hands-on training and use real-world examples and tips to help you learn the ins and outs of this industry. Within a few days you will gain all of the knowledge you need to run a successful business for years! Sign up today.