Trucking along: Growing consumer spending will sustain industry growth in Michigan

The Local Freight Trucking industry in Michigan focuses on short-distance transportation of general goods and commodities in containers or dry van trailers. Local trucking is defined as transportation between terminals without crossing state lines. Many local businesses and consumers rely on industry services to adequately manage their own operations, whether it be manufacturers transporting parts or retailers re-stocking inventories. Overall, the Local Freight Trucking industry in Michigan has navigated its way to steady growth over the five years to 2018. Driven by healthy increases in consumer spending within the state, as well as a sturdy manufacturing sector, MI industry revenue has risen at an annualized rate of 1.3% to $1.3...purchase to read more.

Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 13-18
1.3%
Forecast Growth 18-23
Profit
Employment
14,966
Businesses
4,902

Industry Threats & Opportunities

  • Demand from manufacturing in Michigan is expected to struggle, pressuring current industry growth levels
  • Additional Insights for the Local Freight Trucking in Michigan Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Local Freight Trucking in Michigan 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 Consumer spending in Michigan and Manufacturing GDP for Michigan in the Local Freight Trucking in Michigan industry impact industry performance..

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    What's in this report

    What is the Local Freight Trucking in Michigan 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
  • Mixed freight
  • Finished products
  • Manufacturing inputs
  • High-value goods
  • 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
  • Similar Industries
  • Long-Distance Freight Trucking
  • Local Specialized Freight Trucking
  • Tank & Refrigeration Trucking
  • Toll Roads & Weigh Stations
  • 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
  • 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
  • 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 Michigan
  • Manufacturing GDP for Michigan
  • Unemployment rate in Michigan
  • Freight transportation services index
  • Price of diesel

  • Current Performance
  • Chart: Revenue Growth

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

  • 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
  • Mixed freight
  • Finished products
  • Manufacturing inputs
  • High-value goods
  • Other
  • Chart: Local Freight Trucking in Michigan Industry Products and Services Segmentation

  • Major Markets
  • Retailers/wholesalers
  • Manufacturers
  • Other
  • Chart: Major Market Segmentation for the Local Freight Trucking in Michigan Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Local Freight Trucking in Michigan

  • Basis of Competition
    Barriers to Entry
    Evans Distribution Systems Inc., JK Transport Inc., Premier Freight Management Corporation,
  • Table: Evans Distribution Systems Inc. - financial performance
  • Table: JK Transport Inc. - financial performance
  • Table: Premier Freight Management Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Local Freight Trucking in Michigan 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 Local Freight Trucking in Michigan Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Price of diesel (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    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 100.0 and 10,000.0 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 10,000.0 pounds and are generally carried by semitrailers.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Industry Market Report on Local Freight Trucking in Michigan is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

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    This report on Local Freight Trucking in Michigan:
    • 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 Michigan 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 Michigan, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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