The Importance of the Trucking Industry
To ensure safe and speedy delivery, every business relies on the industry of trucking. San Diego trucking firms handle greater volumes of cargo than trains, ships, or planes. Trucks are necessary for transporting goods between ports, rail yards, and airports. A slowdown in the economy may result from a slowdown in the trucking industry.
What does the Trucking Industry Have to Do to do with the Economy?
Trucks begin their economic contribution through the transportation of raw materials from factories. Trucks transport raw materials from local sources like mines, quarries, farms, and loggers to factories that require the raw materials to create products. The finished products are transported via trucks to retailers, wholesalers, or other transportation channels which allow them to travel via plane or ship to any location within the region or across the globe.
It's the equivalent of $140 billion in annual shipping products, as per technology and websites for businesses. Shipped products include fish, agricultural furniture, stone, minerals, motor vehicles, furniture, leathers, wood, textiles coal, petroleum, and others.
A lot of small trucking companies in San Diego work under the model of owner-operators. The driver of the truck is completely independent. Union drivers are usually employed by larger trucking firms. In addition to protecting the rights of trucking employees, they also ensure the protection of the trucking companies. A strike of this magnitude could lead to the economy being shut down, which can cause delays in shipping and huge price hikes when retailers are struggling to meet the demands of consumers.
Influence of the Political
Business Insider reports that the trucking firm San Diego makes approximately 85 percent of revenue from the commercial transportation industry. It earns $650 million per year. Because of the importance of the trucking industry, numerous regulations have been issued by federal, state and local authorities. The laws prohibit trucks from driving on specific roads and also require trucks to travel at a slower speed. The laws also restrict truck drivers from not taking a break to rest during their driving. The trucking industry's members work together to create industry-wide best practice guidelines and standards to influence public perceptions and policies.
What effect do the stakeholders have on a trucking company?
Smaller trucking firms are typically affected by customers as well as labor unions and trucking associations. Different stakeholders can play various roles that impact aspects of business, such as the wages of workers and the volume of shipping. Certain stakeholders can have a direct influence on smaller trucking businesses by having an influence on legislation on a sectoral level. Each stakeholder has a common concern, however, each has its own agendas and goals.
Stakeholders' Intentions of the Stakeholder
A variety of stakeholders can impact the small-scale trucking company. The associations representing truckers lobby federal, state, and local authorities. The next generation of truck drivers and employees are educated by local post-secondary education institutions as well as labor unions.
The labor unions were established to help workers understand their rights and to help them acquire bargaining authority. According to the Teamsters, its members have an average income of 27 percent more than those who are not associated with a union. The amount of benefits and wages that trucking companies must pay is directly affected by unions.
A variety of community stakeholders could have an influence on small trucking companies San Diego.
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