Trucking Industry Tops List of Fastest Growing Small Businesses

Phil Cohen

The transportation and construction industries are thriving, according to a new report.

Financial information company, Sageworks released new data that showed the general freight trucking industry is the fastest growing industry in the small business world right now.Trucking companies hauling general freight experienced almost 25% sales growth over the past twelve months. Specialty freight haulers increased sales by around 16%.

In addition, five out of the ten rapidly growing small businesses are in the construction industry. Contractors that specialize in site preparation, building exteriors, mechanical equipment installation, utility lines, remodeling and foundations have had a boom in sales. Janitorial services and other building service providers, as well as the computer software industry have also seen sharp rises in sales over the past 12 months.

Sageworks’ report is based on their financial statement analysis of businesses with less than $5 million in annual revenue.

Factor Finders provides cash flow solutions for owner-operators, small trucking companies, contractors and small business owners.

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Phil Cohen

Phil is the owner of PRN Funding and sister company Factor Finders. He has been an authority in the factoring industry for over 20 years, serving on the board of directors for several factoring associations.


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