The New York Times has recently posted a fascinating article about the state of small, mom-and-pop trucking firms in China and their recent difficulties. As many Chinese industries, trucking has undergone an uncontrolled and haphazard growth, with thousands of owner-operators pulling long hours, deflecting fines with bribes and trying to underbid each other in a landscape where rail and barge transportation isn’t keeping up with industrial development.
The field has always been as competitive and fragmented as automobile transport in the United States, but with recent increases in oil prices, the situation has become even more dire. Many carriers are no longer earning money and are looking to get out. All in all, it’s an interesting glimpse of a little-known industry.
On a related note, we have recently posted an article about car storage on one of our friends’ websites, go and take a look.