Trucking is an $800 billion greenback business that has confirmed too robust for one firm to dominate.

Low limitations to entry make it straightforward for aspirants to start out firms, and competitors is fierce. There are literally thousands of trucking firms in the USA, and the fragmentation of the market produces large boom-and-bust cycles.

Some firms have tried to consolidate or roll up smaller operations, however the business is immune to it.

New technological developments, equivalent to self-driving vans, may spur consolidation by eradicating one issue that retains the business so aggressive: drivers. That won’t be straightforward — firms are nonetheless perfecting the expertise, and the regulatory panorama would must be modified to accommodate these automobiles.

Watch the video above to study extra concerning the trucking business and its struggles.