Oil transport industry faces increased competition and regulatory pressure — these forces lead to increased customer expectations and operating costs.
Competition from other transporters and increased operating costs are key factors impacting their business today.
Cash-flow issues tend to be a combination of several factors such as: not enough customers or business, low-paying freight, high costs of operations, too many unpaid invoices, timely billing.
What has changed in the last ten years is the growth in the amount of trucks on the roads servicing this industry. Now that we have gone from a boom cycle; what next?
Increased challenges regarding the associated safety statistics, and the challenges they face to maintain operations until the next boom cycle.