This question is about trucking industry statistics.

Why do most trucking companies fail?

By Zippia Team - Jun. 29, 2022

Most trucking companies fail because their costs are higher than their income. Often trucking companies encounter high operational costs and struggle to pull in enough customers or high-paying freight to cover those costs, which causes them to fail.

It's also difficult to lower expenses without losing drivers, as 34% of trucking companies' costs are their drivers' paychecks. Drivers have a plethora of options for employment, which means you can't easily reduce their pay in a significant way without losing them.

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