Still trucking: The industry will benefit from recovered manufacturing activity and increased disposable income

Over the five years to 2017, the Long-Distance Freight Trucking industry in Illinois has experienced tepid growth as positive national trends have been largely offset by the state's declining manufacturing activity and weak growth in disposable income. Over the five years to 2022, the industry is projected to experience strong growth as recovering manufacturing activity and surging levels of disposable income stimulate demand for industry services. Industry revenue is also forecast to benefit from upcoming increases in the price of diesel fuel, though rising fuel costs will likely cause industry profit margins to contract slightly over the five-year period...read more.

Industry Statistics & Market Size
Revenue
$11bn
Annual Growth 12-17
1.9%
Forecast Growth 17-22
Profit
Employment
69,537
Businesses
35,735

Industry Threats & Opportunities

  • Industry revenue is also forecast to benefit from upcoming increases in the price of diesel fuel
  • The total volume of goods transported by industry operators has increased during the five-year period
  • The Illinois economy is forecast to strengthen, due to GDP growth and rising disposable income
  • 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, truck drivers in the Long-Distance Freight Trucking industry in Illinois typically need only a commercial driver's license (CDL) and a truck to begin operating. Like most states, Illinois 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. Before applying for a CDL, drivers in Illinois are also required to hold a commercial learner's permit, which requires various skill and knowledge exams, as well as a review of the candidate's driving record...purchase to read more.

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

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Long-Distance Freight Trucking in Illinois 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 Manufacturing GDP for Illinois and Per Capita Disposable Income in Illinois in the Long-Distance Freight Trucking in Illinois industry impact industry performance..

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    What's in this report

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

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

    Industry Products
  • Prepared foodstuffs
  • Mixed freight
  • Plastics and rubber
  • 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
  • Local Freight Trucking in Texas
  • Long-Distance Freight Trucking in Texas
  • Local Freight Trucking in Florida
  • Long-Distance 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
  • Manufacturing GDP for Illinois
  • Per Capita Disposable Income in Illinois
  • Freight transportation services index
  • Price of diesel
  • Total trade value

  • Current Performance
  • Headwinds in the Windy City
  • Low-speed growth
  • Chart: Revenue Growth

  • Industry Outlook
  • Improving conditions
  • Industry landscape
  • Table: Long-Distance Freight Trucking in Illinois Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Long-Distance Freight Trucking in Illinois 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
  • Plastics and rubber
  • Electronics
  • Paper products
  • Machinery
  • Chart: Long-Distance Freight Trucking in Illinois Industry Products and Services Segmentation

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

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

  • Basis of Competition
  • Internal competition
  • External competition

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

  • Black Horse Carriers Inc., FedEx Freight, Hub Group Inc., Old Dominion Freight Line Inc., Schneider National Inc.,
  • Table: Black Horse Carriers Inc. - financial performance
  • Table: FedEx Freight - financial performance
  • Table: Hub Group Inc. - financial performance
  • Table: Old Dominion Freight Line Inc. - financial performance
  • Table: Schneider National Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Long-Distance 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
    Table: Industry Data for the Long-Distance Freight Trucking in Illinois Industry
    Includes:
  • 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
    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.
  • What Our Customers Say

    Why buy this report?

    The Long-Distance Freight Trucking in Illinois industry market report contains data and analysis of the most influential current and future trends shaping the industry. IBISWorld’s in-depth industry market research is presented in a logical, user-friendly format, and provides growth and profit forecasts for a five-year outlook period.

    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
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    This report on Long-Distance 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 Long-Distance 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 Long-Distance 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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