Industry Analysis & Industry Trends
Following the recession, the Long-Distance Freight Trucking industry returned to growth as household disposable income grew, leading to increases in industrial production and general trade volume. Although massive drops in fuel prices have recently hurt industry revenue, a less sizable drop in 2016 is expected to be mitigated by a relatively strong increase in disposable income, which boosts consumer spending and supports demand for long-distance freight transportation. In the coming years, trucking will continue to be the most widely used mode of freight transportation, although the industry will experience increased competition due to fluctuations in fuel prices and greater consumer concern regarding environmental sustainability... purchase to read more
Industry Report - Industry Products Chapter
Activities in the industry can be broken up into two general groups: truckload freight, or consignments weighing more than 10,000 pounds, and less-than-truckload (LTL) freight, which encompasses consignments under 10,000 pounds but more than 150 pounds. Although some companies specialize in one segment, most operators provide truckload and LTL services. These activities are often coupled with other transportation services, such as logistics. Consequently, many large companies also generate revenue that is not directly associated with this industry. As demand from manufacturing and the wholesale trade sectors increase, long-distance freight trucking is expected to benefit.
Truckload carriers dominate the Long-Distance Freight Trucking industry... purchase to read more