Overview

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

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.

REPORT SNAPSHOT

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

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    Industry Analysis & Industry Trends

    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...

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    Industry Report - Starting a New Business Chapter

    Barriers to entry are generally low throughout the transportation sector as there are relatively few capital and knowledge requirements that could prevent an operator from entering the market. For example, drivers in the Long-Distance Freight Trucking industry in Florida typically need only a commercial driver's license (CDL) and a vehicle to begin operating. Like most states, Florida offers both an interstate CDL, available to drivers over 21 years old, and an intrastate CDL, which can be obtained by drivers over 18 years old.

    At the same time, new entrants attempting to operate on a national scale will generally experience strong competition from incumbent industry leaders that benefit from loyal customer bases and economies of scale. For..

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    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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    Industry Products

    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

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    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

  • Products & Markets
    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
    Competitive Landscape
    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

  • Major Companies
    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

  • Operating Conditions
    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
    Key Statistics
    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
    Jargon & Glossary
    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 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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