If they do their jobs, the trucking company turns a profit. They have the job of making sure trucks are driving around empty, the most efficient routes are run, etc. If a company charges too much, its customers will simply go to a competitor. The reason for that is the margins in trucking are very slim, meaning that a very competitive environment has resulted in a situation where trucking companies have very limited control over how much they can charge to haul freight. Why? You will find a good number of engineers working in logistics. To get a good idea of how engineering and finances go together, study the trucking industry. They have helped come up with some innovations, for sure. October 10, - I'm not sure that's what the author of this article had in mind when writing about engineering economics, but it is a good example of how those two disciplines can and do work together.īy the way, thanks to engineers looking for ways to maximize profits, trucking industries have engaged in activities like shipping on rail and using other methods to save money.
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