Dusty

Old Dominion Booms as Truckers Bust

Ultimately, trucks are a utility. Ships or barges or railroads have very specific limits. Trucks must be available to cover the first and last legs of the distribution system, to reach places or even regions where there is no other way. Trucking as an industry is being reshaped. This has been in progress for some time.

Small companies and the independent owner-operator are being eliminated. This will result in economies of scale and de-facto monopolies. Far too many changes in the landscape to even begin mentioning.

The current energy crisis will move the process a lot. Investors, whether individuals or institutional managers, will have to watch events very carefully and try to pick out the best times to put money into the right places.

It may be as much fun as in the early 1900's trying to decide which buggy-whip makers were going to survive by shifting to become car-parts suppliers and which of all the new auto builders were still going to be around after a few years.