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In the last 3 many years practically 40,000 trucking corporations have declared bankruptcy or ceased Procedure. These bankruptcies and closures have been the results of skyrocketing products expenses, increased insurance policy rates, volatility in the price of diesel gasoline, and tighter entry to capital. These components, coupled with weak need and frustrated freight fees, drove modest and medium sized motor carriers from your Market. How did Magnum Logistics survive in this weather when greater, improved-founded, greater-capitalized businesses didn't?

There are plenty of answers, but they are often summed up in a single simple reply: divine intervention. When Magnum Logistics was Launched it absolutely was Established around the theory that all the things We've originates from God’s hand. All of it belongs to Him. So Magnum Logistics would put aside the 1st fruits of its labor and tithe every year from its gains. God has honored that commitment by blessing Magnum Logistics with great associates, remarkable drivers, and Extraordinary customers. Magnum Logistics is blessed by using a administration team that understands the value of servant Management and Placing our customers and our personnel in advance of themselves.

It absolutely was basic; shippers would use any motor provider, no matter their assistance ranges, once the financial state was booming. Capacity would be restricted for some time, so producers and distributors would increase inventories and add warehousing so they may satisfy The shopper’s demands. Nonetheless, the minute the financial system cooled off all of those very same shippers would start off to search for approaches to lessen their inventories and do away with warehousing.

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