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Long-Distance Freight Trucking in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Long-Distance Freight Trucking Market Research Report | NAICS 48412 | Dec 2014

Keep on trucking: Increased consumer spending will boost inventory restocking and, in turn, industry demand

IBISWorld’s Long-Distance Freight Trucking market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$174bn
Annual Growth 09-14
4.9%
Annual Growth 14-19
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Profit
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Employment
1,111,968
Businesses
349,820
Industry Analysis & Industry Trends

During the recession, the Long-Distance Freight Trucking industry faced difficult conditions and falling demand. Decreased consumer spending reduced the amount of freight requiring transport, causing revenue to fall. Nevertheless, as the economy recovers, consumers will spend more and demand for long-distance freight will increase. Average industry profit margins will also improve due to higher demand for manufacturing and company acquisitions of more fuel-efficient vehicles... purchase to read more

Industry Report - Industry Key Buyers Chapter

The industry has low market share concentration, with the top four players accounting for 7.2% of total industry revenue in 2014. Moreover, the 50 largest companies in the industry account for less than 30.0% of industry revenue. This low concentration is due to the relative ease of entry into the industry. Owner-operators dominate the freight trucking landscape, as over 90.0% of all operators in this industry are nonemployers. With little capital expenditure, a truck driver can get a loan to purchase a truck and start a freight trucking business. Despite the large number of owner-operators, these firms generate only a fifth of total revenue... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Long-Distance Freight Trucking Industry?

Operators in the Long-Distance Freight Trucking industry handle various commodities, usually palletized and transported in containers or van trailers. Establishments typically provide trucking between metropolitan areas and regions that may cross North American country borders. The industry includes establishments operating as truckload or less-than-truckload carriers.

Industry Products
Truckload carriersLess-than-truckload carriersOther services
 
Industry Activities
Long-distance truckload transitLong-distance less-than-truckload transit


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