22 Sample Company LLC Sample Company LLC BUSINESS PLAN The growth rates are higher than the US average, so Texas is one of the most convenient states to establish the business. The overall growth of revenue was 58% and a CAGR – of 3,9%, which is high enough. Market Drivers in 2022 Despite an increase in the total market revenue for trucking in 2021, the pandemic still brought about the bankruptcy of several enterprises due to the shortage of orders. The U.S. trucking has not yet fully recovered after that and there is still room for new companies to enter the market and start the trucking business. In addition, there are a number of new technologies developed for the industry. For examples, software programs that help streamline the operations, ‘smart’ technologies, which are incorporated to make trucks more efficient to use, and devices that keep track of the goods. The fact that the industry experiences technological improvements is a positive sign of long-term growth. While the pandemic has negatively impacted many people, Americans' personal savings rate is currently trending at more than four times the five-year average, Figure 13 Industry revenue of LTL in Texas
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