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In the last three a long time approximately 40,000 trucking corporations have declared bankruptcy or ceased Procedure. These bankruptcies and closures were being the result of skyrocketing products costs, larger coverage premiums, volatility in the cost of diesel gas, and tighter usage of capital. These aspects, coupled with weak desire and frustrated freight costs, drove compact and medium sized motor carriers from the marketplace. How did Magnum Logistics survive With this local climate when bigger, improved-proven, better-capitalized businesses did not?
There are several answers, but they can be summed up in one easy solution: divine intervention. When Magnum Logistics was Started it was Started within the principle that every little thing we have comes from God’s hand. Everything belongs to Him. So Magnum Logistics would put aside the main fruits of its labor and tithe on a yearly basis from its gains. God has honored that determination by blessing Magnum Logistics with excellent associates, superb motorists, and Extraordinary buyers. Magnum Logistics is blessed using a management team that understands the worth of servant Management and putting our clients and our employees in advance of by themselves.
The motor carriers with mediocre support which were sufficient for assisting to keep the pipeline total all through periods of substantial need couldn’t give the “Just-in-Time” type of services required to aid shippers do away with inventories and return to shipping and delivery immediate to their clients. There it had been, the defensible specialized niche and the implies to prosper and improve inside of a weak overall economy, all rolled up in a single easy principle: By the due date, On Purpose.
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