Keep on trucking: Favorable demand trends in key markets have helped moderate this industry's decline

IBISWorld’s industry research report on Local Freight Trucking in Illinois can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.


Industry Threats & Opportunities

  • The return to growth in diesel fuel prices and manufacturing output in Illinois will spur industry revenue growth over the next five years
  • Downward trends in the price of diesel fuel have increased volatility
  • Overall, revenue for the industry in Illinois is forecast to rise

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    Industry Analysis & Industry Trends

    The Local Freight Trucking industry in Illinois has experienced significant struggles over the past five years. Weak national industrial output and declining manufacturing GDP within the state have significantly hampered demand growth for industry services. Moreover, falling diesel fuel prices caused carriers to reduce their fuel surcharges, limiting the amount of revenue generated with each shipment. Overall, industry revenue has declined over the past five years. Due to the industry's low barriers to entry, many new operators have entered the industry over the past five years, helping the industry keep up with increased adoption of JIT inventory strategies at the retail level...

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    Industry Report - Industry Key Buyers Chapter

    There is a low level of market share concentration in the Local Freight Trucking industry in Illinois. The industry is highly fragmented, with owner-operators making up more than three-quarters of all industry enterprises. Low barriers to entry and the localized nature of industry services prevent any single trucking company from gaining a significant foothold in the industry. In fact, IBISWorld estimates that the four largest players account for less than 15.0% of industry revenue in 2017.

    Market share concentration has remained stable over the five years to 2017. The number of market entrants has grown modestly over the period, and while merger and acquisition activity has been low in Illinois, larger companies have been able to expand their influence slightly. Mos..

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    Additional Insights for the Local Freight Trucking in Illinois Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Local Freight Trucking in Illinois Industry are

  • Market research and understanding
  • Access to quality personnel management
  • Having contacts within key markets
  • IBISWorld analysts also discuss how external factors such as Manufacturing GDP for Illinois and Freight transportation services index in the Local Freight Trucking in Illinois industry impact industry performance..

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    Industry Products

    What is the Local Freight Trucking in Illinois Industry?

    Operators in this industry provide general freight trucking services over short distances. General freight companies handle a variety of commodities, which are usually palletized and transported in a container or van trailer. Local, general freight trucking companies commonly provide trucking within a metropolitan area that may cross state lines, and the trips are typically same-day return.

    Industry Products
    Truckload transportation
    Less-than-truckload transportation
    Intermodal transportation
    Dry bulk transportation
    Other services
    Industry Activities
    Local truckload delivery
    Local less-than-truckload (LTL) delivery
    General freight trucking on a local basis
    Bulk mail truck transportation on a contract and local basis

    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
  • Manufacturing GDP for Illinois
  • Freight transportation services index
  • Industrial production index
  • Price of diesel
  • Consumer Spending in Illinois

  • Current Performance
  • Bumpy ride
  • Fuel prices take the wheel
  • Chart: Revenue Growth

  • Industry Outlook
  • Industrial output steers the industry
  • Other trends
  • Table: Local Freight Trucking in Illinois Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Local Freight Trucking in Illinois Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Construction
  • Manufacturing
  • Wholesale Trade
  • Retail Trade

  • Key Selling Industries
  • Auto Parts Wholesaling
  • Automobile Wholesaling
  • Gasoline & Petroleum Wholesaling
  • Tire Wholesaling

  • Products & Services
  • Truckload transportation
  • Less-than-truckload transportation
  • Intermodal transportation
  • Dry bulk transportation
  • Other services
  • Chart: Local Freight Trucking in Illinois Industry Products and Services Segmentation

  • Major Markets
  • Wholesale trade
  • Manufacturing sector
  • Retail trade
  • Chart: Major Market Segmentation for the Local Freight Trucking in Illinois Industry

  • Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesRent, utilities, depreciation and marketingOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Local Freight Trucking in Illinois

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Local Freight Trucking in Illinois Industry

  • Major Companies
    All Truck Transportation CompanyBest Transportation Services Inc.Black Horse Carriers Inc.R&M Trucking Inc.YRC Worldwide Inc.
  • Table: All Truck Transportation Company - financial performance
  • Table: Best Transportation Services Inc. - financial performance
  • Table: Black Horse Carriers Inc. - financial performance
  • Table: R&M Trucking Inc. - financial performance
  • Table: YRC Worldwide Inc. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Local Freight Trucking in Illinois 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 Local Freight Trucking in Illinois Industry
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Manufacturing GDP for Illinois (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Electronic Logging Device (Eld)
  • An electronic device capable of automatically tracking when and for how long a vehicle is in motion.
  • Fuel Surcharge
  • An additional charge introduced by transportation operators to cover the cost of fuel.
  • Just-In-Time (Jit)
  • A strategy implemented to improve profitability by reducing inventory and purchasing raw materials for the immediate term only.
  • Less-Than-Truckload (Ltl)
  • Truck shipments between 100 and 10,000 pounds.
  • Owner-Operator
  • A person who owns and operates the business. Many truck drivers in this industry are self-employed owner-operators.
  • Truckload
  • Truck shipments that weigh more than 10,000 pounds and are 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 Local Freight Trucking in Illinois:
    • 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 Local Freight Trucking in Illinois 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 Local Freight Trucking in Illinois, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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