As the economy grows, one industry is standing out as the fastest growing small business industry—trucking. According to a recent article from Triumph Bancorp, parent company to Triumph Business Capital, the trucking industry has seen a 25 percent uptick in sales over the last year, indicating large growth.
The American Trucking Association reported that the transportation industry has generated more than $700 billion in revenue for the first time since 2014. With this increase in sales and the current driver shortage, trucking companies will see more opportunities for their small business.
As a trucking company owner, are you taking advantage of the opportunities out there?
If your business is growing faster than your ability to cover expenses, you can convert your accounts receivable into cash with Triumph Business Capital. Through our experienced team and partnerships, we can provide trucking business owners with the resources they need to keep their company growing.