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Jul 3, 2015

Which Small Business Industry Is Growing the Fastest? TRUCKING INDUSTRY * USA

* California - Those big rigs you see rumbling down the freeway are a sign of good times


-- Growth in manufacturing and consumer spending has helped this unglamorous industry prosper... Trucking is now the fastest-growing small-business industry in the U.S., thanks to a robust economy and expanded options for small-business loans and financing... Two kinds of small businesses in trucking posted the biggest jumps in revenue in the 12-month period ending May 31, according to a report released this month by Sageworks, a financial analysis software company... General freight trucking, which covers small businesses that transport a wide range of merchandise, was at No. 1, recording a nearly 25% uptick in sales, the report said... At No. 2 was building and construction, at 19%, followed by specialized freight trucking, which covers tankers and refrigerated trucks, at No. 3 with a 17% gain... The survey was based on an analysis of financial statements of small businesses with annual revenue of less than $5 million... Trucking’s momentum is evident in California, home to the biggest trucking association in the nation. Members of the California Trucking Association get access to exclusive programs, such as special deals for tires, legal services and financing truck purchases or leases... Shawn Yadon, chief executive of the California Trucking Association says, “It’s definitely a good time for trucking” ...
San Francisco, CAL, USA - NerdWallet, by Benjamin Pimentel - June 30, 2015



* Virginia - Truckers oppose appointment system at Va. port terminal


-- A group representing trucking companies has told the Virginia Port Authority it will oppose a container-terminal appointment system... An appointment system is planned for Norfolk International Terminals to help reduce the amount of time truck drivers have to wait to pick up and drop off their cargo... The Virginian-Pilot reports the Tidewater Motor Truck Association doesn't want an appointment system until it consistently takes less than 70 minutes to get in and out of terminals... The group sent a letter Tuesday to the authority's growth and operations committee... A voluntary appointment system is already in place at Virginia International Gateway in Portsmouth... 
(Photo: 13News Now - Portsmouth marine terminal, aerial view)  --  Norfolk,VA, USA - Associated Press/13NewsNow - June 28, 2015

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