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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 | May 2016

Still trucking: The industry is expected to grow as consumer spending slowly increases

The Long-Distance Freight Trucking market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$185bn
Annual Growth 11-16
2.4%
Annual Growth 16-21
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Profit
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Employment
1,088,994
Businesses
362,726
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 SWOT Analysis Chapter

The Long-Distance Freight Trucking industry is in the mature stage of its life cycle. Volatile industry performance in the five years to 2016 was primarily the result of volatile oil prices and their dampening effect on demand for freight. The industry generally moves in line with the overall economy and is a good measure of economic health. As the economy improves and demand for freight traffic increases, industry revenue and profit are expected to rise, though profit will be somewhat limited by competition from the Rail Transportation industry (IBISWorld Report 48211) and increased diesel prices. In the 10 years to 2021, the industry's contribution to the overall economy, measured by industry value added (IVA), is expected to grow at an average annual rate of 3.7%... 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 transportation services
 
Industry Activities
Long-distance truckload transitLong-distance less-than-truckload transit


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