Trucking Business Law
The Trucking Business Law came into force in 1990, with the aim of rectifying and rationalizing the administration of trucking businesses. This and the Freight Forwarding Business Law, enforced at the same time, are collectively called the "two laws of trucking businesses." These laws abolished the business categorization differentiating between scheduled trucking and area trucking. Other changes in the regulations mean that prospective operators of trucking businesses need only to obtain permission from relevant authorities, rather than applying for a license. Furthermore, business operators now need only to report any fee changes rather than seeking prior approval. This series of changes indicate significant progress in the deregulation of the trucking business market. However, trucking industry is not yet fully liberalized. It should be noted that present laws retain elements requiring intervention by the Ministry of Transport.
Diversification in parcel services
Parcel service is a truck-based transportation service for general consumers that has developed rapidly since 1976. Intensified competition is forcing parcel businesses to implement strategies for enhancing competitiveness in terms of price as well as service diversification. They have always offered such services as parcel pick-up and overnight delivery. These services have diversified in recent years to include delivery in customer-specified bands of time, return delivery, and custom services tailored to the nature of certain parcels. Parcel businesses are in competition not only within their industry but also with the postal services. They are turning a broad spectrum of business ideas into actual services in a bid to survive their market competition.
