Go the distance: Rising consumer spending and stablizing fuel prices will rev up industry growth

The Long-Distance Freight Trucking industry in Florida has experienced strong growth over the past five years as improving conditions in the Florida economy have fueled consumer spending and manufacturing activity, bolstering demand for freight transportation services. Moreover, increasing US trade activity has enabled industry operators to generate significant revenue by transporting imported goods from Florida ports to consumers and retail outlets in landlocked regions across the United States. In recent years, demand for industry services has surged in line with improving consumer conditions and stable growth in the Florida economy...read more.

Industry Statistics & Market Size
Revenue
$8bn
Annual Growth 12-17
5.4%
Forecast Growth 17-22
Profit
Employment
56,297
Businesses
35,526
What Our Customers Say

Industry Threats & Opportunities

  • Demand for industry services has surged in line with improving consumer conditions in Florida
  • The strengthening of the US dollar has led to rising import demand, benefitting Florida ports
  • Florida's manufacturing GDP is forecast to increase, generating demand for domestic freight transportation services
  • Industry Report - Industry Key Buyers Chapter

    The Long-Distance Freight Trucking industry in Florida has a low level of market share concentration, and the industry's four largest players are expected to account for less than 10.0% of the industry's total revenue in 2017. Due to the market's low barriers to entry, this industry is dominated by small-scale companies, with nonemploying entities representing an estimated 95.5% of total industry enterprises. As a result of this highly fragmented structure, few operators are able to dominate the market by achieving economies of scale, and no single company generates more than 5.0% of total industry revenue. How...purchase to read more.

    Additional Insights for the Long-Distance Freight Trucking in Florida Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Long-Distance Freight Trucking in Florida Industry are

  • Market research and understanding
  • Output is sold under contract - incorporate long-term sales contracts
  • Optimum capacity utilization
  • IBISWorld analysts also discuss how external factors such as Consumer Spending in Florida and Freight transportation services index in the Long-Distance Freight Trucking in Florida industry impact industry performance..

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    What is the Long-Distance Freight Trucking in Florida Industry?

    Operators in this industry provide long-distance freight trucking services between metropolitan areas and along routes that may cross state and national borders. Freight transportation companies handle a variety of goods, which are usually palletized and transported in a container or van trailer. Companies that primarily transport specialized freight are not included in this industry.

    Industry Products
  • Prepared foodstuffs
  • Mixed freight
  • Plastic and rubber products
  • Electronics
  • Paper products
  • Machinery
  • Industry Activities
  • Long-distance truckload transit
  • Long-distance less-than-truckload transit
  • Similar Industries
  • Local Freight Trucking
  • Local Specialized Freight Trucking
  • Toll Roads & Weigh Stations
  • Public Storage & Warehousing
  • Couriers & Local Delivery Services
  • Local Freight Trucking in California
  • Long-Distance Freight Trucking in California
  • Local Freight Trucking in New York
  • Long-Distance Freight Trucking in New York
  • Local Freight Trucking in Illinois
  • Long-Distance Freight Trucking in Illinois
  • Local Freight Trucking in Texas
  • Long-Distance Freight Trucking in Texas
  • Local Freight Trucking in Florida
  • Local Freight Trucking in Massachusetts
  • Long-Distance Freight Trucking in Massachusetts
  • Local Freight Trucking in Ohio
  • Long-Distance Freight Trucking in Ohio
  • Local Freight Trucking in Pennsylvania
  • Long-Distance Freight Trucking in Pennsylvania
  • Local Freight Trucking in New Jersey
  • Long-Distance Freight Trucking in New Jersey
  • Long-Distance Freight Trucking in Georgia
  • Local Freight Trucking in Michigan
  • Long-Distance Freight Trucking in Michigan
  • Local Freight Trucking in Wisconsin
  • Long-Distance Freight Trucking in Wisconsin
  • Local Freight Trucking in Washington
  • Long-Distance Freight Trucking in Washington
  • Local Freight Trucking in Virginia
  • Long-Distance Freight Trucking in Virginia
  • Local Freight Trucking in Tennessee
  • Long-Distance Freight Trucking in Tennessee
  • Local Freight Trucking in North Carolina
  • Long-Distance Freight Trucking in North Carolina
  • Local Freight Trucking in Minnesota
  • Long-Distance Freight Trucking in Minnesota
  • Local Freight Trucking in Maryland
  • Long-Distance Freight Trucking in Maryland
  • Local Freight Trucking in Colorado
  • Long-Distance Freight Trucking in Colorado
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Consumer Spending in Florida
  • Freight transportation services index
  • Manufacturing GDP for Florida
  • Population of Florida
  • Price of diesel

  • Current Performance
  • Surging demand
  • Profit and participation
  • Chart: Revenue Growth

  • Industry Outlook
  • Continued growth
  • Industry landscape
  • Table: Long-Distance Freight Trucking in Florida Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Long-Distance Freight Trucking in Florida Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Construction
  • Manufacturing
  • Wholesale Trade
  • Retail Trade
  • Freight Forwarding Brokerages & Agencies

  • Key Selling Industries
  • Auto Parts Stores
  • Fuel Dealers
  • Gasoline & Petroleum Wholesaling
  • Tire Dealers
  • Truck & Bus Manufacturing
  • Truck, Trailer & Motor Home Manufacturing

  • Products & Services
  • Prepared foodstuffs
  • Other
  • Mixed freight
  • Paper products
  • Plastic and rubber products
  • Electronics
  • Machinery
  • Chart: Long-Distance Freight Trucking in Florida Industry Products and Services Segmentation

  • Major Markets
  • Domestic market: 1,000 miles and over
  • Domestic market: 999 miles and under
  • Foreign market: Canada
  • Foreign market: Mexico
  • Chart: Major Market Segmentation for the Long-Distance Freight Trucking in Florida Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Rent and utilities
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Long-Distance Freight Trucking in Florida

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Long-Distance Freight Trucking in Florida Industry

  • AAA Cooper TransportationComcar IndustriesFedEx FreightJ. B. Hunt Transport Services Inc.YRC Worldwide Inc.
  • Table: AAA Cooper Transportation - financial performance
  • Table: Comcar Industries - financial performance
  • Table: FedEx Freight - financial performance
  • Table: J. B. Hunt Transport Services Inc. - financial performance
  • Table: YRC Worldwide Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Long-Distance Freight Trucking in Florida Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Long-Distance Freight Trucking in Florida Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Consumer Spending in Florida (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Delivered In-Full On-Time (Difot)
  • A measurement of delivery performance in a supply chain that evaluates how often customers get what they want at the time they want it.
  • Fuel Surcharge
  • An additional charge introduced by transportation operators to cover the increased cost of fuel.
  • Just-In-Time (Jit)
  • A strategy implemented to improve profitability by reducing inventory and purchasing raw materials needed for the immediate term only.
  • Less-Than-Truckload (Ltl)
  • Truck shipments weighing between 100 and 10,000 pounds.
  • Truckload
  • Truck shipments weighing more than 10,000 pounds and generally carried by semitrailers.
  • Why buy this report?

    IBISWorld’s industry research report on Long-Distance Freight Trucking in Florida contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Long-Distance Freight Trucking in Florida:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Long-Distance Freight Trucking in Florida market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Long-Distance Freight Trucking in Florida, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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