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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

IBISWorld’s Long-Distance Freight Trucking market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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 Key Buyers Chapter

The industry has low market share concentration, with the top three players accounting for 4.9% of total industry revenue in 2016. 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 businesses generate only one-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 transportation services
 
Industry Activities
Long-distance truckload transitLong-distance less-than-truckload transit


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