Guess Which Small Business Industry Is Growing the Fastest?
Growth in manufacturing and consumer spending has helped this unglamorous industry prosper.
Those big rigs you see rumbling down the freeway are a sign of good times.
Trucking is now the fastest-growing small-business industry in the U.S., thanks to a robust economy and expanded options for small-business loans and financing.
Two kinds of small businesses in trucking posted the biggest jumps in revenue in the 12-month period ending May 31, according to a report released this month by Sageworks, a financial analysis software company.
General freight trucking, which covers small businesses that transport a wide range of merchandise, was at No. 1, recording a nearly 25% uptick in sales, the report said.
At No. 2 was building and construction, at 19%, followed by specialized freight trucking, which covers tankers and refrigerated trucks, at No. 3 with a 17% gain.
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