This business, a seasoned cargo transportation service provider since 1998, delivers comprehensive North American Logistical Support to meet diverse shipping requirements. Specializing in transporting various cargo types, including building materials, concrete, culvert, lumber, and steel, the company utilizes Super B Flatbeds, Tridems, and Step Decks for both local and long-haul transport. This business distinguishes itself through additional services such as a crane tractor with a 10-ton Hiab lift capacity, tractor service, pilot car service, and yard storage. A leader in the industry, this business actively participates in essential programs such as the Customs Self-Assessment Program, Free and Secure Trade (FAST) Carrier program, Customs Trade Partnership Against Terrorism (C-TPAT), and Partners in Protection (PIP), demonstrating a commitment to security and regulatory compliance. As a dedicated member of the BC Trucking Association, with an employee on the Board of Directors and another serving as the Chair of the Marine Transport Committee, the business contributes actively to industry advocacy. The company takes pride in its team of loyal professionals, including long-time drivers who have remained dedicated to the business year-after-year. The business uses unique trucking software to facilitate seamless operations from dispatching to accounting, inventory management, and work orders. The company's commitment to work-life balance is demonstrated through flexible scheduling options for both local and long-haul drivers, with weekend work compensated generously. This business stands as a testament to its industry longevity, fostering a supportive environment that transcends professional obligations, creating a true sense of community among its dedicated team.
The owners are looking to retire.
This business operates within an 1800-square-foot facility, situated on a shared 4.35 acre property with a business partner. The business is run out of a house on the premises, providing a central hub for operations. There is adequate parking space available to accommodate their fleet of trucks and trailers.
This well-equipped facility includes a smaller second bay dedicated to trailer rebuilds, ensuring comprehensive maintenance and repair capabilities. Additionally, they have a convenient Atco trailer on-site, serving as a 24-hour facility for both shop staff and drivers. This trailer functions as an eating and coffee area, complete with washroom facilities, supporting the comfort and well-being of the team throughout their shifts.
It is anticipated that the current location, land and buildings, may be required for continued operation of the businesses. Negotiation to purchase ownership of the property, or to lease the property, will be considered in conjunction with an offer to purchase the operating companies.
Rolling along: Growth in consumer spending will lead to increased demand for industry services
Revenue for long-distance freight trucking services is expected to grow alongside favourable consumer trends. Consumption rates among consumers continue to grow and the skyrocketing popularity of e-commerce has benefited demand for freight transportation. Meanwhile, the operating landscape has been difficult amid the pandemic and heightened internal price-based competition. Revenue is expected to grow at a CAGR of 0.7% to $34.4 billion through the end of 2023, including growth of 1.1% in 2023 alone when profit will account for 12.1% of revenue.
Two major trends include continued merger and acquisition activity and improved inventory control. The largest freight trucking companies have continued to acquire smaller companies, whether it be to enter new geographic markets or to increase capacity. The proliferation of the just-in-time (JIT) inventory management system, which encourages manufacturers to purchase inputs only as they are needed in the production process, has also helped freight trucking businesses. This shift has strengthened demand for trucking services, as the JIT system causes manufacturers to demand more frequent shipments of inputs. Since the pandemic, many companies have moved away from the JIT system as supply chain issues were amplified amid various disruptions and delays.
Moving forward, revenue will grow because of growth in consumer spending and total retail sales. The pandemic accelerated the trend from brick-and-mortar shopping to e-commerce shopping. This trend toward e-commerce will be a primary driver of revenue growth moving forward. But labour shortages will persist, shrinking the bottom line for trucking companies. Long hours away from home and an aging workforce will put pressure on carriers' ability to fill job openings. Companies will be forced to offer higher wages to secure a skilled workforce. Revenue is expected to grow at a CAGR of 1.0% to $32.1 billion through the end of 2028, when profit will account for 12.6% of revenue.
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This business, a seasoned cargo transportation service provider since 1998, delivers comprehensive North American Logistical Support to meet diverse shipping requirements. Specializing in transporting various cargo types, including building materials, concrete, culvert, lumber, and steel, the company utilizes Super B Flatbeds, Tridems, and Step Decks for both local and long-haul transport. This business distinguishes itself through additional services such as a crane tractor with a 10-ton Hiab lift capacity, tractor service, pilot car service, and yard storage. A leader in the industry, this business actively participates in essential programs such as the Customs Self-Assessment Program, Free and Secure Trade (FAST) Carrier program, Customs Trade Partnership Against Terrorism (C-TPAT), and Partners in Protection (PIP), demonstrating a commitment to security and regulatory compliance. As a dedicated member of the BC Trucking Association, with an employee on the Board of Directors and another serving as the Chair of the Marine Transport Committee, the business contributes actively to industry advocacy. The company takes pride in its team of loyal professionals, including long-time drivers who have remained dedicated to the business year-after-year. The business uses unique trucking software to facilitate seamless operations from dispatching to accounting, inventory management, and work orders. The company's commitment to work-life balance is demonstrated through flexible scheduling options for both local and long-haul drivers, with weekend work compensated generously. This business stands as a testament to its industry longevity, fostering a supportive environment that transcends professional obligations, creating a true sense of community among its dedicated team.
The owners are looking to retire.
This business operates within an 1800-square-foot facility, situated on a shared 4.35 acre property with a business partner. The business is run out of a house on the premises, providing a central hub for operations. There is adequate parking space available to accommodate their fleet of trucks and trailers.
This well-equipped facility includes a smaller second bay dedicated to trailer rebuilds, ensuring comprehensive maintenance and repair capabilities. Additionally, they have a convenient Atco trailer on-site, serving as a 24-hour facility for both shop staff and drivers. This trailer functions as an eating and coffee area, complete with washroom facilities, supporting the comfort and well-being of the team throughout their shifts.
It is anticipated that the current location, land and buildings, may be required for continued operation of the businesses. Negotiation to purchase ownership of the property, or to lease the property, will be considered in conjunction with an offer to purchase the operating companies.
Rolling along: Growth in consumer spending will lead to increased demand for industry services
Revenue for long-distance freight trucking services is expected to grow alongside favourable consumer trends. Consumption rates among consumers continue to grow and the skyrocketing popularity of e-commerce has benefited demand for freight transportation. Meanwhile, the operating landscape has been difficult amid the pandemic and heightened internal price-based competition. Revenue is expected to grow at a CAGR of 0.7% to $34.4 billion through the end of 2023, including growth of 1.1% in 2023 alone when profit will account for 12.1% of revenue.
Two major trends include continued merger and acquisition activity and improved inventory control. The largest freight trucking companies have continued to acquire smaller companies, whether it be to enter new geographic markets or to increase capacity. The proliferation of the just-in-time (JIT) inventory management system, which encourages manufacturers to purchase inputs only as they are needed in the production process, has also helped freight trucking businesses. This shift has strengthened demand for trucking services, as the JIT system causes manufacturers to demand more frequent shipments of inputs. Since the pandemic, many companies have moved away from the JIT system as supply chain issues were amplified amid various disruptions and delays.
Moving forward, revenue will grow because of growth in consumer spending and total retail sales. The pandemic accelerated the trend from brick-and-mortar shopping to e-commerce shopping. This trend toward e-commerce will be a primary driver of revenue growth moving forward. But labour shortages will persist, shrinking the bottom line for trucking companies. Long hours away from home and an aging workforce will put pressure on carriers' ability to fill job openings. Companies will be forced to offer higher wages to secure a skilled workforce. Revenue is expected to grow at a CAGR of 1.0% to $32.1 billion through the end of 2028, when profit will account for 12.6% of revenue.
"*" indicates required fields
This business, a seasoned cargo transportation service provider since 1998, delivers comprehensive North American Logistical Support to meet diverse shipping requirements. Specializing in transporting various cargo types, including building materials, concrete, culvert, lumber, and steel, the company utilizes Super B Flatbeds, Tridems, and Step Decks for both local and long-haul transport. This business distinguishes itself through additional services such as a crane tractor with a 10-ton Hiab lift capacity, tractor service, pilot car service, and yard storage. A leader in the industry, this business actively participates in essential programs such as the Customs Self-Assessment Program, Free and Secure Trade (FAST) Carrier program, Customs Trade Partnership Against Terrorism (C-TPAT), and Partners in Protection (PIP), demonstrating a commitment to security and regulatory compliance. As a dedicated member of the BC Trucking Association, with an employee on the Board of Directors and another serving as the Chair of the Marine Transport Committee, the business contributes actively to industry advocacy. The company takes pride in its team of loyal professionals, including long-time drivers who have remained dedicated to the business year-after-year. The business uses unique trucking software to facilitate seamless operations from dispatching to accounting, inventory management, and work orders. The company's commitment to work-life balance is demonstrated through flexible scheduling options for both local and long-haul drivers, with weekend work compensated generously. This business stands as a testament to its industry longevity, fostering a supportive environment that transcends professional obligations, creating a true sense of community among its dedicated team.
The owners are looking to retire.
This business operates within an 1800-square-foot facility, situated on a shared 4.35 acre property with a business partner. The business is run out of a house on the premises, providing a central hub for operations. There is adequate parking space available to accommodate their fleet of trucks and trailers.
This well-equipped facility includes a smaller second bay dedicated to trailer rebuilds, ensuring comprehensive maintenance and repair capabilities. Additionally, they have a convenient Atco trailer on-site, serving as a 24-hour facility for both shop staff and drivers. This trailer functions as an eating and coffee area, complete with washroom facilities, supporting the comfort and well-being of the team throughout their shifts.
It is anticipated that the current location, land and buildings, may be required for continued operation of the businesses. Negotiation to purchase ownership of the property, or to lease the property, will be considered in conjunction with an offer to purchase the operating companies.
Rolling along: Growth in consumer spending will lead to increased demand for industry services
Revenue for long-distance freight trucking services is expected to grow alongside favourable consumer trends. Consumption rates among consumers continue to grow and the skyrocketing popularity of e-commerce has benefited demand for freight transportation. Meanwhile, the operating landscape has been difficult amid the pandemic and heightened internal price-based competition. Revenue is expected to grow at a CAGR of 0.7% to $34.4 billion through the end of 2023, including growth of 1.1% in 2023 alone when profit will account for 12.1% of revenue.
Two major trends include continued merger and acquisition activity and improved inventory control. The largest freight trucking companies have continued to acquire smaller companies, whether it be to enter new geographic markets or to increase capacity. The proliferation of the just-in-time (JIT) inventory management system, which encourages manufacturers to purchase inputs only as they are needed in the production process, has also helped freight trucking businesses. This shift has strengthened demand for trucking services, as the JIT system causes manufacturers to demand more frequent shipments of inputs. Since the pandemic, many companies have moved away from the JIT system as supply chain issues were amplified amid various disruptions and delays.
Moving forward, revenue will grow because of growth in consumer spending and total retail sales. The pandemic accelerated the trend from brick-and-mortar shopping to e-commerce shopping. This trend toward e-commerce will be a primary driver of revenue growth moving forward. But labour shortages will persist, shrinking the bottom line for trucking companies. Long hours away from home and an aging workforce will put pressure on carriers' ability to fill job openings. Companies will be forced to offer higher wages to secure a skilled workforce. Revenue is expected to grow at a CAGR of 1.0% to $32.1 billion through the end of 2028, when profit will account for 12.6% of revenue.