Major Motion Logistics Speaks Out on the Difficulties Entrepreneurs are Facing Due to the Pandemic
EL PASO, TX / ACCESSWIRE / February 9, 2021 / Major Motion Logistics, one of the leading trucking, dry hauling, and debris and dirt removal companies in the United States, was recently featured in an article for BitRebels. The article highlighted the difficulties entrepreneurs are facing throughout the pandemic and how to work through them.
Major Motion Logistics is a family-run business, founded by Cesar Lopez Sr., Cesar Lopez Jr., and Angel Lopez, that has been in operation since 2018. The company primarily operates in El Paso, Texas.
The BitRebels article broke down the difficulties entrepreneurs are facing into three key challenges. The first is securing financing. The article noted that one of the hardest aspects of creating a business and running one is shoring up capital. And when the global economy is in a recession and the stock market is down, this becomes an even greater c
Entrepreneurs, both new and experienced, face many challenges on a daily basis. Due to recent world events, including the COVID-19 pandemic, the economic climate has been negatively affected. This has forced entrepreneurs to face even larger hurdles in their pursuit of success. However, this comes with the territory, and many entrepreneurs are willing to take on these difficulties to make their goals a reality.
As entrepreneurs themselves, Cesar Lopez Sr., Cesar Lopez Jr., and Angel Lopez know firsthand the challenges faced by new business owners. The Lopez family founded Major Motion Logistics in 2018. Located in El Paso, Texas, the company is a branch of A.L Trucking, a long-time family-owned business established in 1965.
COVID, oil glut behind many small trucking companies’ bankruptcies in 2020
As the demand for essential goods soared amid the COVID-19 pandemic, larger trucking companies were able to pivot faster than smaller fleets that didn’t have the necessary equipment, finances or drivers. 3,485 10 minutes read The COVID-19 pandemic, an oil glut and legal issues forced small-business carriers to cease operations or file for bankruptcy protection in 2020. Photo: Jim Allen/FreightWaves
In 2020, the U.S. trucking industry was turned on its head by a pandemic and an oil glut that forced many small fleets and owner-operators to file for bankruptcy protection.
According to the American Trucking Associations, 97% of U.S. trucking companies operate fewer than 20 trucks, and 91% have six or fewer.