Retail industry sales this year are expected to grow between 3.8 and 4.4 percent over the $3.53 trillion reached in 2017, with online and other non-store sales expected to rise between 10 and 12 percent, according to the National Retail Federation’s 2018 economic forecast.
The continued uptick in online shopping from companies like Amazon which recently reported its strongest fourth-quarter sales growth in eight years and its most-profitable quarter ever, is a strong indicator that the coming year is also going to be a good one for the trucking industry.
Parcel delivery volumes surged almost 50% globally between 2014-2016, according to estimates from Pitney Bowes, and are on track to increase at rates of 17-28% annually up to 2021.
Citing the Labor Department, The Wall Street Journal reports that employment in the transportation and warehousing sector rose by 8,400 jobs from September to October 2017, as the broader jobs market rebounded from the hit from hurricanes in Texas and Florida that idled thousands of workers.
As warehouse operators, parcel carriers and other transportation firms buoyed by the e-commerce boom, invest to meet demand, spending on new facilities and ways to speed shipments to customers, BBA Factoring can help.
Same Day Funding
Get immediate access to cash advances by using your commercial accounts receivable as a quick and smart way to fund your business.
With the BBA Factoring Solution you don’t have to wait for 30-60 or even 90 days to get paid by your customers.
We sift through our trusted network of factors to identify the best cash flow funding programs provided.
The best part? We cost truck owners Nothing. That’s the BBA Factoring guarantee! Take advantage of our expertise at no cost to you. Get a free quote Now.