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Over the past 3 a long time just about forty,000 trucking companies have declared bankruptcy or ceased operation. These bankruptcies and closures had been the result of skyrocketing tools charges, better coverage rates, volatility in the expense of diesel gasoline, and tighter usage of capital. These factors, coupled with weak demand and depressed freight rates, drove little and medium sized motor carriers with the Market. How did Magnum Logistics survive In this particular weather when more substantial, greater-recognized, greater-capitalized firms did not?

There are several responses, but they are often summed up in one easy answer: divine intervention. When Magnum Logistics was Established it had been Started on the basic principle that anything We now have comes from God’s hand. It all belongs to Him. So Magnum Logistics would put aside the 1st fruits of its labor and tithe each year from its earnings. God has honored that determination by blessing Magnum Logistics with superb associates, exceptional motorists, and Fantastic consumers. Magnum Logistics is blessed with a administration group that understands the worth of servant leadership and Placing our consumers and our employees forward of themselves.

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The company that currently is recognized as Magnum Logistics began lifetime in 1989 because the entrepreneurial concept that any start off-up trucking business experienced to have a area of interest within the Market to survive. What area of interest was most defensible? There wasn’t any tractor or trailer a fledgling motor carrier could buy that each other trucking business couldn’t invest in. There wasn’t any vacation spot a get started-up carrier could provide that any other trucker couldn’t serve.

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All draws are carried out at our attract auditorium which is often open up to members of the public. They may be executed by Magnum officers along with users of the general public who are randomly selected just before the start off of every attract.

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