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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 | Sep 2016

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

IBISWorld’s Long-Distance Freight Trucking market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$182bn
Annual Growth 11-16
2.1%
Annual Growth 16-21
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Profit
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Employment
1,072,311
Businesses
360,032
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 Analysis Chapter

The Long-Distance Freight Trucking industry has experienced favorable changes during the five years to 2016, amid early years of rising fuel costs and weak industrial production. During the early recovery, particularly in 2012, many companies reduced their inventories to save costs. Subsequently, manufacturing activity and retail spending have picked up and companies have begun to replace inventories in response to consumers regaining confidence in the economy. As consumers build trust in the general economy, they tend to increase their discretionary spending, signaling to retailers that demand will soon increase and inventory should be raised... 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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