Overview

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

The Long-Distance Freight Trucking in Illinois industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

REPORT SNAPSHOT

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

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    Industry Analysis & Industry Trends

    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...

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    Industry Report - Industry Locations Chapter

    The distribution of long-distance freight trucking companies in Illinois is primarily dependent on population trends and levels of economic activity. For example, Chicagoland, which includes the city of Chicago and its suburbs, contains an estimated 58.8% of the state's total population and 78.7% of the state's total employment, making the region a major hub for manufacturers, retailers and other downstream clients of trucking companies. Chicagoland is also conveniently located along Lake Michigan, enabling industry operators to participate in the interchange of freight between maritime transportation and various forms of ground transportation. As a result of these factors, Chicagoland hosts the vast majority of the state's long-distance freight trucking companies, accounting for 74.6% o..

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    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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    Industry Products

    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

    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
  • 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

  • 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
  • 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
    Competitive Landscape
    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

  • Major Companies
    Black Horse Carriers Inc.FedEx FreightHub 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

  • Operating Conditions
    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
    Key Statistics
    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
    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 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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