Industry Analysis & Industry Trends
Long-distance refrigerated trucking operators managed to come away from the economic downturn with only minor damage. While reduced consumer spending hurt some industry revenue streams, demand from other markets, including fruit and vegetable wholesaling, remained stable and kept the industry afloat. Revenue is anticipated to rise in the next five years, but growth will be hindered by increased regulation and competition from other modes of transportation.... purchase to read more
Industry Report - Industry Investment Chapter
The Long-Distance Refrigerated Trucking industry has a moderate level of capital intensity. In 2012, industry operators typically invest 15 cents of capital for every dollar of labor. Labor includes wages paid to employees for driving, maintenance and repair, cleaning and administration. Recently, the Federal Motor Carrier Safety Administration (FMCSA)'s introduction of the Compliance, Safety, Accountability (CSA) program has led to an increase in industry wages. The CSA measures and evaluates commercial carrier and individual driver on-road safety performance and has removed many underperforming drivers from the industry. Due to CSA compliance requirements, carriers are less willing to hire and keep drivers with marginal ratings, which increases competition for qualified drivers... purchase to read more