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In the last a few many years nearly 40,000 trucking organizations have declared personal bankruptcy or ceased Procedure. These bankruptcies and closures were being the results of skyrocketing equipment expenses, bigger insurance coverage premiums, volatility in the cost of diesel fuel, and tighter entry to money. These variables, coupled with weak desire and frustrated freight costs, drove smaller and medium sized motor carriers within the Market. How did Magnum Logistics endure With this local climate when larger sized, improved-founded, better-capitalized companies didn't?

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The motor carriers with mediocre company which were adequate for assisting to keep the pipeline complete in the course of moments of significant desire couldn’t present the “Just-in-Time” form of company important to assistance shippers eradicate inventories and return to transport direct for their prospects. There it absolutely was, the defensible specialized niche plus the suggests to prosper and improve in a very weak overall economy, all rolled up in a single straightforward notion: Promptly, On Objective.

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